Larsen and Toubro Ltd Key updates

$LT L&T’s green-energy arm signed an agreement with Japan’s ITOCHU Corporation for the long-term supply of 300,000 tonnes of green ammonia annually. The deal strengthens L&T’s position in the emerging clean-energy and industrial-decarbonisation market. Despite the rise in profit, Q1 EBITDA fell about 3% year-on-year and the margin narrowed to roughly 9.0% from 9.9%. Execution costs, commodity prices and overseas project conditions remain important risks.