Shares of Larsen & Toubro Ltd (L&T) opened higher on Friday as investors responded to the company’s announcement of a significant order win in its hydrocarbon onshore business. The rise of about 1% helped stabilize market sentiment following recent volatility linked to overseas project headlines.
Market Performance
- L&T share price: ₹3,905.4 on NSE (up 1.02% in morning trade)
- One-year gain: ~11.3%, broadly in line with Nifty 50
- Market capitalization: ₹5.36 lakh crore
- P/E ratio: 32.7x
The stock’s steady rise comes as L&T continues to strengthen its order book, reflecting investor confidence in the company’s ongoing projects and domestic expansion.
Major Order Announcement
In an official filing, L&T revealed that its hydrocarbon onshore vertical has won a ‘large’ order from Petronet LNG, a joint venture promoted by ONGC, Indian Oil, GAIL, and BPCL.
Key highlights of the project:
- Execution on a lump-sum turnkey basis
- Includes engineering, procurement, construction, and commissioning of LNG/ethane and propane double-wall storage tanks
- Location: Dahej petrochemical complex, Gujarat
- Scope of work:
- 170,000 cubic metre LNG/ethane storage tank
- 140,000 cubic metre propane storage tank
- Ethane and propane handling and dispatch facilities to support downstream propane dehydrogenation and polypropylene plant
- Order value classified as ‘large’, estimated between ₹2,500 crore and ₹5,000 crore
This project is part of India’s first petrochemical complex integrating cold energy utilization from an LNG terminal, aiming to boost domestic petrochemical manufacturing capacity.
L&T’s Recent Focus in the Market
Earlier this week, L&T addressed investor concerns related to media reports about potential cancellation of oil project tenders in Kuwait. The company clarified that these projects were not part of its order book, which helped the stock recover from intraday losses.
Additionally, the heavy civil infrastructure vertical of L&T secured another ‘large’ order for India’s largest pumped storage project in Maharashtra, keeping investor attention firmly on the company’s diverse portfolio.
Company Snapshot
L&T continues to maintain a strong presence in engineering and construction across multiple sectors:
- Hydrocarbon onshore projects – LNG and petrochemical infrastructure
- Heavy civil infrastructure – Large-scale energy and storage projects
- Market resilience – Steady stock performance amid global project uncertainties
The company’s diversified order book and focus on turnkey projects provide visibility on growth while supporting domestic industrial capacity.
Summary
L&T’s 1% share price rise reflects the market’s positive response to its large hydrocarbon order and ongoing infrastructure projects. With strategic projects in Gujarat and Maharashtra, the company demonstrates both operational strength and resilience in investor sentiment.
Investors following Larsen & Toubro share price and stock market today will note the company’s ability to secure high-value contracts and sustain growth, aligning with broader trends in India’s engineering and construction sector.
Source: Moneycontrol
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