India's Biggest Builder Just Got Bigger | L&T

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Infrastructure major Larsen and Toubro on Monday said it has bagged an ultra-mega order in West Asia for the development of multiple offshore facilities. The company classifies orders worth over Rs 15,000 crore as ultra-mega. Business Standard L&T Energy Hydrocarbon Offshore will undertake the engineering, procurement, construction, installation and commissioning of the offshore facilities — end-to-end EPCIC solutions spanning shallow and deep waters. The award reinforces LTEH Offshore's long-standing presence in West Asia and reflects the confidence placed by customers in its ability to deliver large and complex offshore projects safely, on schedule and to the highest quality standards. Asianet Newsable Business Standard At the same time, L&T is growing its business in the AI and data-centre sector through LTN Compute and ***** The company has won a Rs 10,000 to 15,000 crore order from Together AI to build an AI Factory at its Chennai data-centre campus — a facility expected to use 10,000 NVIDIA B300 GPUs with an initial capacity of 250 MW. Trade Brains Overseas orders have become an important part of L&T's growth, at times making up around 65 per cent of quarterly new orders. The order book now stands at over Rs 5.5 lakh crore — three-plus years of revenue visibility. The global oil and gas EPC market is expected to grow from $65.96 billion in 2026 to $102.05 billion by 2034, with offshore projects expected to make up more than half the market this year. L&T shares closed at Rs 4,086.70, up 0.73 per cent on Monday, with a market capitalisation of Rs 5,60,803 crore. On a day when Nifty fell 78 points, L&T's ability to hold gains on the back of an order win tells its own story about where institutional conviction currently lies. Trade Brains