L&T (Larsen & Toubro) Latest Updates

Strategic Defence Partnership: L&T formed a strategic partnership with Bharat Electronics Limited (BEL) to support the Indian Air Force's Advanced Medium Combat Aircraft (AMCA) programme, which is India's 5th-generation fighter jet initiative. This collaboration aims to jointly respond to the Expression of Interest from the Aeronautical Development Agency. Hyderabad Metro Project Exit: The Telangana government has agreed to acquire L&T's stake in the Hyderabad Metro Rail Phase 1 project. As part of this agreement, the state will assume the project's debt and pay L&T a one-time amount for its equity stake, allowing L&T to exit the loss-making asset. Renewable Energy Collaboration: The company's Renewables vertical signed a Memorandum of Understanding (MoU) with ACWA Power for the Renewables & Grid scope of the Yanbu Green Ammonia Project in Saudi Arabia. The MoU covers solar, wind, and Battery Energy Storage System (BESS) plants, with L&T committed to an EPC contract once the final proposal is accepted. Order Wins: L&T's Heavy Civil Infrastructure Vertical secured a 'Significant' order from NPCIL. Separately, the company also won a 'Large' order for a segment of the Bullet Train Project and another 'Large' order for STATCOM and SCADA systems, focusing on grid stability. (Note: L&T classifies its orders as Significant (₹1,000 crore to ₹2,500 crore), Large (₹2,500 crore to ₹5,000 crore), and so on). Leadership Change: Subramanian Sarma has been promoted to the role of Deputy Managing Director & President within Larsen & Toubro. Quarterly Performance (June 2025): The company reported a consolidated net profit of ₹3,617.19 Crore on a revenue of ₹63,679 Crore for the last reported quarter (June 2025).