Shares of Larsen and Toubro (L&T) surged 2% and reached a 10-month excessive of Rs 3,843.90 on 15 October after the corporate secured a number of orders price Rs 40,000 crore.
Previously month, L&T has acquired seven new contracts price round Rs 40,000 crore from numerous firms. The corporate has secured three large orders, two substantial contracts, and one main and ultra-mega contract.
L&T’s Hydrocarbon Onshore division (L&T Power Hydrocarbon Onshore) has secured an ultra-mega order to ascertain a Pure Gasoline Liquids plant in allied amenities within the Center East. L&T obtained the contract in collaboration with Greece-based Consolidated Contractors Group S.A.L. (Offshore) (CCC).
L&T didn’t specify the precise worth of the contracts, however in accordance with the corporate’s specification, important orders vary from Rs 1,000 crore to Rs 2,500 crore, massive orders from Rs 2,500 crore to Rs 5,000 crore, main orders between Rs 10,000 crore and Rs 15,000 crore, and ultra-mega contracts exceed Rs 15,000 crore.
L&T’s order backlog totalled Rs 6.1 trillion in Q1FY26. This momentum is projected to proceed, as L&T acquired quite a few main orders in Q2FY26 throughout segments. L&T has an enormous ordering alternative of Rs 14 trillion.
In the meantime, L&T Semiconductor Applied sciences (LTSCT) has entered right into a long-term settlement with Foxconn subsidiary Hon Younger Semiconductor (HYS) to collectively produce high-voltage semiconductor wafers (650V-3,300V) for automotive and industrial purposes. The association additionally permits L&T Semiconductor to entry HYS’s Taiwan-based amenities for engineering and wafer fabrication.
L&T continues to increase into semiconductor and energy electronics, having beforehand acquired Fujitsu Basic Electronics’ energy module enterprise (Rs 118.3 crore) and SiliConch Programs (Rs 183 crore), in addition to an R&D partnership with IBM to develop superior processors.
It will permit LTSCT to increase its footprint within the fast-growing energy semiconductor market, notably in EVs, renewable power inverters, and industrial motors.
At 3:30 pm, the shares of Larsen and Toubro closed 2.12% greater at Rs 3,823.60 on NSE.
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