Larsen & Toubro

Shares of Larsen & Toubro (L&T) surged 5% in early trade after the engineering and infrastructure major posted robust financial results for the first quarter of FY26. The company exceeded market expectations on both revenue and profit, driven by strong execution across core segments including engineering, procurement, and construction (EPC). A healthy order book, improved margins, and a positive outlook for infrastructure spending further buoyed investor sentiment.

Indian equity benchmarks closed higher on Tuesday, buoyed by strong institutional buying in heavyweight Larsen & Toubro (L&T), which helped offset global headwinds. The Sensex gained 144 points to settle at 80,351, while the Nifty rose 51 points to finish at 24,507. The gains were primarily driven by a surge in L&T shares, following optimistic investor sentiment around its order pipeline and business outlook. Broader market participation remained healthy, with sectors such as capital goods, power, and FMCG contributing to the uptrend.

In a strategic move to solidify its position in the sustainable energy sector, Indian engineering conglomerate Larsen & Toubro (L&T) has launched a new wholly-owned subsidiary, Panipat Green Hydrogen Pvt Ltd. The newly incorporated entity will spearhead green hydrogen initiatives and related business operations, aligning with India’s broader transition toward clean energy.

Larsen & Toubro (L&T), India’s engineering and infrastructure giant, has successfully raised Rs 500 crore through the issuance of ESG-linked non-convertible debentures (NCDs), reinforcing its commitment to sustainable financing. The unsecured debt instruments, carrying a coupon rate of 6.35%, are tied to predefined environmental, social, and governance benchmarks and will mature in June 2028. Concurrently, the company reported a 25% surge in consolidated profit after tax (PAT) for Q4 FY25, reaching Rs 5,497 crore, driven by strong operational performance and one-time gains.

Infrastructure giant Larsen & Toubro (L&T) has announced a significant order from JSW Energy for the construction of the Bhavali Pumped Storage Project in Maharashtra, valued between Rs 1,000 crore and Rs 2,500 crore. The project will enhance grid stability by complementing India’s push for renewable energy. Strategically located across Nashik and Thane districts, the 1,500 MW project involves comprehensive civil works including reservoirs, tunnels, and an underground powerhouse.

Larsen & Toubro (L&T), a leading infrastructure giant, has announced its foray into the growing ESG (Environmental, Social, Governance) investment market by raising Rs. 500 crore through a bond issuance. This makes L&T the first Indian corporation to issue ESG bonds under the newly introduced framework by the Securities and Exchange Board of India (SEBI). The issuance will support the company’s long-term sustainability targets, including water and carbon neutrality by 2035 and 2040, respectively. HSBC is acting as the sole lead arranger for this landmark transaction.

Larsen & Toubro (L&T), one of India’s largest engineering and construction conglomerates, has secured significant engineering, procurement, and construction (EPC) contracts from the Public Health Engineering Department of Rajasthan. The cumulative value of these contracts is estimated between Rs. 1,000 crore and Rs. 2,500 crore, falling under the company’s classification of “significant” orders. The scope of the awarded projects includes extensive infrastructure for rural water supply, fluorosis mitigation, and system rehabilitation across multiple districts.

Larsen & Toubro (L&T) saw its shares soar nearly 5% following the announcement of a 25% increase in consolidated Profit After Tax (PAT) for the quarter ending March 31, 2025. This growth was driven by higher revenues and an exceptional gain. The company reported a consolidated PAT of Rs 5,497 crore, up from Rs 4,396 crore in the same quarter last year. Additionally, the full-year performance for FY25 exceeded expectations, with a 15% increase in PAT. The impressive results come despite the company navigating a challenging operating environment.