Larsen and Toubro Ltd

The Power Transmission & Distribution (PT&D) business vertical of Larsen & Toubro has won new grid infrastructure orders in India and abroad. According to company's project classification, these are major orders valued in the range of Rs 5,000 crore to Rs 10,000 crore. In India, it has won an order to build 765kV and 400kV transmission line jobs pertaining to the integration of a Renewable Energy Zone in Andhra Pradesh. In the Middle East, the business has received orders to execute a set of 220kV and 132kV Gas Insulated Substations on turnkey basis. These orders come from leading transmission asset owners and operators in the respective countries. The new orders mark a key milestone for PT&D in its pursuit of delivering future-ready grid infrastructure to help realise the energy transition and sustainable energy goals of its valued customers.Powered by Capital Market - Live

In India, the PT&D vertical has won an order to build 765kV and 400kV transmission line jobs pertaining to the integration of a Renewable Energy Zone in Andhra Pradesh. In the Middle East, the business has received orders to execute a set of 220kV and 132kV Gas Insulated Substations on turnkey basis. These orders come from leading transmission asset owners and operators in the respective countries. As per the company's classification, the value of the said orders lie between Rs 5,000 crore and Rs 10,000 crore. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a consolidated profit after tax of Rs 5,497 crore in Q4 March 2025, reflecting a year-on-year growth of 25%. Consolidated revenue for the quarter stood at Rs 74,392 crore, marking a year-on-year increase of 11%. The scrip was up 0.02% to currently trade at Rs 3680.40 on the BSE. Powered by Capital Market - Live

 The Heavy Civil Infrastructure (HCI) business vertical of Larsen & Toubro has secured a significant order from JSW Energy for the execution of Bhavali Pumped Storage Project (PSP) in the state of Maharashtra. The project is strategically located across the Nashik and Thane districts of Maharashtra and is designed to have a total installed capacity of 1500 MW, Comprising various small units. According to the company's project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore. The scope of work encompasses complete execution of all civil works related to the project, including construction of approach roads, upper and lower reservoirs, water conductor system, pressure tunnels, and the underground powerhouse unit. The order reaffirms L&T's proven capabilities in delivering complex hydroelectric infrastructure and reinforces its position as a key enabler in India's quest for renewable energy. Pumped storage projects like the Bhavali PSP are pivotal to grid stability, particularly in the context of growing integration of variable renewable energy sources.Powered by Capital Market - Live

Shares of JSW Energy added 1.94% to Rs 533 on the BSE. The project is strategically located across the Nashik and Thane districts of Maharashtra and is designed to have a total installed capacity of 1500 MW, Comprising various small units. The scope of work encompasses complete execution of all civil works related to the project, including construction of approach roads, upper and lower reservoirs, water conductor system, pressure tunnels, and the underground powerhouse unit. The order reaffirms L&T's proven capabilities in delivering complex hydroelectric infrastructure and reinforces its position as a key enabler in India's quest for renewable energy. Pumped storage projects like the Bhavali PSP are pivotal to grid stability, particularly in the context of growing integration of variable renewable energy sources. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. JSW Energy is one of the leading private sector power producers in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. Shares of Larsen & Toubro rose 0.78% to Rs 3,682.45 on the BSE. Powered by Capital Market - Live

Larsen & Toubro has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (SEBI) newly introduced ESG and sustainability-linked bond framework. HSBC is acting as the sole lead arranger in this transaction. As part of the ESG Bond deal, L&T is committed to environmental targets, including a decrease in intensity of fresh water withdrawal and emissions of greenhouse gases. These initiatives are in line with the company's long-term sustainability goals of achieving water neutrality by 2035 and carbon neutrality by 2040. 'We take pride in leading the transition to sustainable finance under SEBI's new ESG framework,' said a senior spokesperson from L&T. 'This bond issuance reinforces our steadfast commitment to sustainable development and responsible business practices while aligning our finances with environmental targets.' 'We are pleased to partner with L&T on the first INR Sustainability Linked Bond under SEBI's guidelines, reinforcing our commitment to supporting the Clean Energy Transition in India. We look forward to partnering with corporates across sectors looking to navigate the paths toward their sustainability goals, said HSBC India.Powered by Capital Market - Live

The key benchmark indices traded with modest losses in mid-morning trade amid global trade tensions. Market participants will closely monitor domestic economic indicators and global trade development. The Nifty traded around the 24,600 level. Metal shares rally after declining in the past two consecutive trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 443.70 points or 0.55% to 80,923.84. The Nifty 50 index fell 118.05 points or 0.47% to 24,600.40. In the broader market, the S&P BSE Mid-Cap index shed 0.15% and the S&P BSE Small-Cap index added 0.33%. The market breadth was positive. On the BSE, 1,987 shares rose and 1,740 shares fell. A total of 208 shares were unchanged. Buzzing Index: The Nifty Metal index added 0.59% to 9,182.35. The index fell 2.39% in the past two trading sessions. Lloyds Metals & Energy (up 6.01%), Hindustan Zinc (up 4.33%), Jindal Stainless (up 2.73%), National Aluminium Company (up 1.77%), NMDC (up 1.46%), Hindalco Industries (up 1.39%), Steel Authority of India (up 1.22%), Vedanta (up 0.89%), APL Apollo Tubes (up 0.87%) and Jindal Steel & Power (up 0.84%) advanced. Stocks in Spotlight: Larsen & Toubro (L&T) declined 1.35%. The company has announced that its water & effluent treatment (WET) vertical has secured significant orders from the Public Health Engineering Department of Rajasthan. RITES rose 0.86%. The company said that it has emerged as the lowest bidder (L-1) in a quality-cum-cost based selection (QCBS) tender floated by Gujarat Urban Development Company (GUDCL) for a project worth Rs 28.50 crore. Global Markets: US Dow Jones futures were down 156 points, signaling a weak start for Wall Street. Most Asian stocks advanced on Tuesday, tracking overnight gains across all three major U.S. stock indices, despite ongoing global trade tensions. South Korean markets remained closed due to polling day. China responded to U.S. allegations of violating a temporary trade agreement, stating that the United States had failed to uphold its side of the deal. The exchange highlights increasing strain in trade negotiations between the two countries. Separately, the European Union criticized U.S. President Donald Trump's proposal to raise steel tariffs to 50%, arguing that the move could disrupt ongoing EU-U.S. trade discussions. An EU spokesperson reportedly indicated that the bloc is prepared to implement countermeasures if necessary. China's Caixin/S&P Global manufacturing purchasing managers' index (PMI) declined to 48.3 in May from 50.4 in April, marking its first drop below the 50-point threshold, indicating contraction, since September of the previous year. In the U.S., stock indices closed higher on Monday, supported by gains in technology stocks and a surge in the energy sector following a rise in oil prices. Domestic steel and aluminum stocks also climbed on expectations of benefits from potential tariff increases. The S&P 500 rose 0.41%, the Nasdaq Composite gained 0.67%, and the Dow Jones Industrial Average edged up 0.08%.Powered by Capital Market - Live

The Water & Effluent Treatment (WET) business vertical of L&T has secured significant orders from the Public Health Engineering Department of Rajasthan. According to the company's project classification, the orders are classified as 'Significant' ranging between Rs 1,000 crore to Rs 2,500 crore. It has won an EPC order for the Rajasthan Rural Water Supply and Fluorosis Mitigation Project ' Phase II, Package-1. The scope encompasses supply & installation of 5,251-km transmission and distribution pipelines, construction of 38 ground level reservoirs with an aggregate capacity of 40 ML, 20 pump houses and 132 overhead service reservoirs with an aggregate capacity of 25 ML. The project is aimed at meeting the demand for water in 285 villages and the towns of Surajgarh and Udaipurwati in Jhunjhunu district. Another project won by the business vertical pertains to strengthening and rehabilitation of the water supply system on the Kekri-Sarwar sector in Ajmer district. The scope of the project includes the supply & installation of 43-km transmission pipelines. Associated electromechanical, instrumentation, automation and SCADA works, 1 year defects liability period and 10 years operations & maintenance are also in the scope of both the projects. These repeat orders is a testament to L&T's capabilities in the execution of water infrastructure projects. L&T has so far delivered 24 such water projects alone in Rajasthan. Powered by Capital Market - Live

Larsen & Toubro has approved allotment of 78,367 equity shares to those grantees who had exercised their options under the Company's Employee Stock Option Schemes.Powered by Capital Market - Live

The key equity indices traded with major losses in early afternoon trade, weighed down by profit booking and weakness in index heavyweights, despite easing U.S.-China tensions. The Nifty slipped below the 24,750 mark. Pharma shares witnessed buying demand for the second consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, declined 874.63 points or 1.07% to 81,551.37. The Nifty 50 index slipped 204.75 points or 0.82% to 24,719.95. In the broader market, the S&P BSE Mid-Cap index rose 0.57% and the S&P BSE Small-Cap index added 1%. The market breadth was strong. On the BSE, 2,527 shares rose and 1,247 shares fell. A total of 164 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, up 0.39% to 18.47. The Nifty 29 May 2025 futures were trading at 24,813.20, at a premium of 93.25 points as compared with the spot at 24,719.95. The Nifty option chain for the 29 May 2025 expiry showed a maximum call OI of 45.1 lakh contracts at the 25,000 strike price. A maximum put OI of 60.6 lakh contracts was seen at a 24,000 strike price. Buzzing Index: The Nifty Pharma index jumped 1.58% to 21,436.95. The index rose 1.73% in two consecutive trading sessions. Granules India (up 4.02%), Ajanta Pharma (up 4%), Lupin (up 3.15%), Divis Laboratories (up 3.03%) Ipca Laboratories (up 3.01%), Glenmark Pharmaceuticals (up 2.91%), Aurobindo Pharma (up 2.8%), Dr Reddys Laboratories (up 1.79%), Alkem Laboratories (up 1.63%) and Zydus Lifesciences (up 1.6%) surged. Stocks in Spotlight: Larsen & Toubro (L&T) rose 0.03%. The company announced that its Buildings & Factories (B&F) vertical has secured large new orders from various state and central government undertakings in India. he value of the contract, according to L&T's internal classification, ranges between Rs 2,500 crore and Rs 5,000 crore. Zaggle Prepaid Ocean Services rallied 7.04% after the company's standalone net profit climbed 66.8% to Rs 31.96 crore on a 50.5% increase in revenue from operations to Rs 411.45 crore in Q4 FY25 over Q4 FY24. Krishna Institute of Medical Sciences rose 0.51%. The company's consolidated net profit jumped 55.41% to Rs 101.80 crore on 25.73% rise in revenue from operations to Rs 796.90 crore in Q4 FY25 over Q4 FY24.Powered by Capital Market - Live

The value of the contract, according to L&T's internal classification, ranges between Rs 2,500 crore and Rs 5,000 crore. The contract has been awarded by the Central Public Works Department (CPWD) for the construction of Common Central Secretariat buildings 6 and 7 in New Delhi. The project includes two buildings with a configuration of one basement, two podiums, an upper ground level, and six floors. L&T's scope of work comprises the civil structure, finishes, associated mechanical, electrical, and plumbing (MEP) services, external development and five years of operation and maintenance. In another win, the B&F vertical has bagged a design and construction order from the Government of Andhra Pradesh for building the new State Legislative Assembly. The structure will feature one basement, a ground floor and three upper floors. The company said that both projects are to be executed within a stringent timeline of 18 months. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a consolidated profit after tax of Rs 5,497 crore in Q4 March 2025, reflecting a year-on-year growth of 25%. Consolidated revenue for the quarter stood at Rs 74,392 crore, marking a year-on-year increase of 11%. The counter rose 0.35% to Rs 3,599 on the BSE. Powered by Capital Market - Live