Larsen & Toubro shares jumps after receiving over ₹5,000 Cr order from BPCL; Check the total order book

Synopsis: India’s largest infra company was in focus as it bagged an order for the Hydrocarbon Onshore business segment from the Bharat Petroleum Corporation Ltd, worth north of Rs 5,000 crore. This project will achieve a unique record of establishing India’s largest LLDPE/HDPE swing unit.

This company, which is a multinational conglomerate, is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as infrastructure, hydrocarbon, power, process industries and defence, information technology and financial services in domestic and international markets. It had its share in the news after the announcement of a bagging an order worth Rs 5,000 crore plus from BPCL. 

With the market cap of Rs 5,61,003  crore, the shares of Larsen & Toubro Ltd had hit their intraday high at Rs 4,095, gaining about 1 per cent compared to their previous day’s closing price of Rs 4,071.50. The shares are trading at a PE of 34.9, whereas their industry PE is at 18.8. 

About the order

Larsen & Toubro has bagged a large EPC contract in its Hydrocarbon Onshore business segment from the Bharat Petroleum Corporation Ltd (BPCL), reiterating its robust market positioning in the downstream hydrocarbon and petrochemicals market in India. This development is a testament to the continued ordering trend in the large EPC contractors’ segment.

The contract scope comprises engineering, procurement, construction, and commissioning of a Linear Low-Density Polyethylene (LLDPE)/High-Density Polyethylene (HDPE) swing unit with a capacity of two trains of 575 KTPA each, to be installed in Bina in Madhya Pradesh. This project will achieve a unique record of establishing India’s largest LLDPE/HDPE swing unit.

This project is an integral part of the Bina Petrochemicals and Refinery Expansion Project undertaken by BPCL, which will help increase the refinery’s capacity from the existing 7.8 MMTPA to around 11 MMTPA and construct the first integrated petrochemical complex in the state. This project fits well into the Atmanirbhar Bharat Swasth Bharat scheme to make India self-dependent and curb imported polymers.

For L&T, which categorizes it as a “major” order with a value in the range of Rs 5,000 crore to Rs 10,000 crore, the win adds not only meaningful order-book visibility but also strengthens its credentials in the downstream hydrocarbon EPC segment. Management underscored that the order would strengthen the balance sheet and reflect customer confidence in L&T’s execution capability to deliver a complex, large-sized project with high parameters of safety and quality.

Financials  

The revenue from operations for the company stands at Rs 67,984 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 61,555 crores, up by about 10 per cent YoY. Similarly, the net profit stood at Rs 4,678 crore in Q2 FY26, up from Rs 4,099 crore in Q2 FY25, giving a rise of about 14 per cent. 

The order book of the company, as of 30 September 2025, stands at a strong level of Rs 667,000 crore, up by a significant 31% from the previous year. The order in terms of geography has a healthy mix of business, which stands at Rs 3,40,200 crore in the home ground and Rs 3,26,800 crore in the overseas segments. This healthy mix not only provides strength to the top line in the coming years but also makes the order book less dependent on geography.

Larsen & Toubro is one of the Indian multinationals and has been operating for over eight decades in more than 50 countries in the fields of EPC contracts, hi-tech manufacturing, and services. The company’s full-scale design-and-delivery expertise and its customer-centric and quality-focused approach have ensured its leading position in some of the most important sectors. With sustainability as an integral part of its long-term vision and plan, the company also enjoys the benefit of its global manufacturing presence in eight different countries.

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