Corporate Actions
Larsen & Toubro bags mega order from JSW Steel for metals projects

06-May-26   15:27 Hrs IST
As per L&T's internal classification, the contract falls under the 'mega' category, indicating an estimated value in the range of Rs 10,000 crore to Rs 15,000 crore.

The order involves engineering, procurement, and installation of key process facilities, including blast furnaces and steel melt shops, across multiple brownfield and greenfield expansion projects, primarily at JSW Steel's sites in Ballari, Karnataka, and Paradip, Odisha. JSW Steel is expanding its crude steel capacity from 35 MTPA to over 50 MTPA by 2031 as part of its long-term growth strategy.

D. K. Sen, Advisor to CMD, development projects & minerals & metals, L&T, said, Securing the largest-ever order in the metals segment marks a defining moment for L&T's Minerals & Metals business. Our long-standing partnership with JSW Steel reflects a shared commitment to scale, innovation, and nation-building. These orders are not merely a testament to our engineering and execution capabilities but also an affirmation of the trust placed in us to deliver assets of national significance. As India accelerates its journey towards becoming a global steel powerhouse, L&T remains committed to setting new benchmarks in project delivery, sustainability, and technological excellence.'

T. Kumaresan, senior vice president & head of minerals & metals, L&T, added: 'These prestigious wins further strengthen our leadership in executing large, complex metallurgical projects. Our ability to integrate technology, optimize project timelines, and deliver with precision continues to differentiate us. We remain focused on partnering with JSW in shaping their growth through technology and on-time delivery.'

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25.

Shares of Larsen & Toubro fell 2.69% to Rs 3,947.20 on the BSE.

Powered by Capital Market - Live News

Attention Investors:
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.