Larsen & Toubro (L&T) shares rose by more than 1% after the company announced securing multiple large orders for its Power Transmission & Distribution (PT&D) business. These orders aim to strengthen power transmission infrastructure and support renewable energy evacuation in India and abroad.
- L&T secured EPC orders in India, Saudi Arabia, and the UAE.
- Projects include 380 kV transmission and substation works in Saudi Arabia.
- Orders in the UAE involve 132/11 kV substations and cabling.
- Domestic order from a private developer in Visakhapatnam for transmission systems.
- Total order value estimated between ₹10,000 crore and ₹15,000 crore.
What orders did L&T secure for its Power Transmission & Distribution segment?
L&T's PT&D business won multiple Engineering, Procurement, and Construction (EPC) orders. In Saudi Arabia, the company secured projects involving 380 kV transmission lines and substations to enhance the country's power transmission capacity. These projects will help evacuate renewable energy and integrate it into the national grid.
In the United Arab Emirates, L&T received an order to build 132/11 kV substations along with associated cabling works. Domestically, the company secured a contract from a private sector developer to set up a transmission system in Visakhapatnam.
How significant are these orders for L&T?
The combined value of these orders is estimated between ₹10,000 crore and ₹15,000 crore, representing a major win for L&T's PT&D segment. This mega-order boost reflects the company's strong engineering and execution capabilities in complex power infrastructure projects across different countries.
How did the market react to L&T's announcement?
Following the announcement, L&T shares opened at ₹3,717 and reached an intraday high of ₹3,745 on the National Stock Exchange. Despite a subdued performance in 2026 with a year-to-date decline of approximately 9.7%, the news of these orders positively impacted investor sentiment.
What did L&T's leadership say about the order wins?
Mr. Joji Sebastian, Executive Vice President and Head of PT&D at L&T, commented that these order wins demonstrate the segment's broad engineering and execution expertise. He emphasized the growing demand for grid strengthening and renewable energy integration, noting that L&T leverages technology and global presence to deliver value to clients.
Why are these projects important for power infrastructure?
Power transmission and distribution projects are critical for ensuring reliable electricity supply and integrating renewable energy sources into the grid. The projects in Saudi Arabia and the UAE will help expand transmission capacity and facilitate the evacuation of renewable energy, supporting cleaner energy goals. The domestic project in Visakhapatnam will improve local transmission infrastructure.
Frequently Asked Questions
Q: What is the value of the orders secured by L&T?
A: The orders are valued between ₹10,000 crore and ₹15,000 crore.
Q: Which countries are involved in these projects?
A: India, Saudi Arabia, and the United Arab Emirates.
Q: How did L&T's shares perform after the announcement?
A: Shares rose over 1%, reaching an intraday high of ₹3,745 on the NSE.
Q: What is the significance of these projects?
A: They strengthen power transmission infrastructure and support renewable energy integration.
