Stock jumps after securing orders worth up to ₹10,000 Cr for power transmission infrastructure

SYNOPSIS: The company’s PT&D arm secured up to Rs. 10,000 crore EPC orders in India and the Middle East, covering substations, high-voltage transmission lines, and underground cable systems amid rising grid investments.

During Wednesday’s trading session, shares of a $30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services are in focus on the stock exchanges, after its power transmission infrastructure business secured an order worth up to Rs. 10,000 crores in India and abroad.

With a market cap of Rs. 5.95 lakh crores, shares of Larsen & Toubro Limited were trading in the green at Rs. 4,330.35 on BSE, up by around 2 percent, as against its previous closing price of Rs. 4,258.5. The stock has delivered positive returns of over 34 percent in one year, and has gained by nearly 14 percent in the last one month.

What’s the News

As per its latest regulatory filing, the Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro Limited has secured major EPC orders valued between Rs. 5,000 and 10,000 crores to establish electricity grid system elements in India and abroad.

In India, the PT&D division has won a contract for the design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur-Raniganj-Asansol industrial corridor of West Bengal. The project scope also includes associated transmission line segments with advanced conductors and multi-circuit towers. These grid modernisation jobs will provide a stable voltage profile and enhance the reliability of power networks for infrastructure and industrial projects in the region.

In the Middle East, the vertical has secured turnkey orders from key utilities for the construction of 5 substations and more than 250 kilometres of transmission lines across 3 countries. These projects extend up to the 500 kV level. One of the mandates also includes the supply and installation of a 400 kV underground cable system.

Financials & More

In Q3 FY26, L&T reported a consolidated revenue from operations of Rs. 71,450 crores, a growth of around 5 percent QoQ and 10 percent YoY. In contrast, the net profit for the quarter stood at Rs. 3,825 crores, representing a decline of more than 18 percent QoQ and 8 percent YoY.

During the same period, the company’s debt-to-equity ratio stood at 1.06, with a current ratio of 1.26. Net profit margin was at 5.35 percent, while the operating margin was reported at 10.38 percent.

In Q3 FY26, L&T reported total order inflows of Rs. 1,35,600 crore, comprising Rs. 68,800 crore in domestic orders and Rs. 66,800 crore from international markets. The company’s order book also expanded significantly, rising by 30 percent YoY to Rs. 7,33,200 crore by December 2025. This includes Rs. 3,76,300 crore in domestic orders and Rs. 3,56,900 crore in international orders.

Larsen & Toubro Limited is a $30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing and a range of service sectors. It stands out as a major technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

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