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The contract is for KOC's key Jurassic Light Oil (JLO) export facilities and also involves the upgradation of the existing export network.
The scope encompasses EPC of six new crude oil storage tanks, each with an operating capacity of 618,000 barrels, and associated facilities, on a lump sum turnkey basis.
The project also involves the installation of new pipelines and comprehensive upgrades to Kuwait's existing crude loading and export network to seamlessly accommodate increased production and enhance the country’s crude handling capabilities.
L&T Energy Hydrocarbon Onshore is a significant EPC business of L&T, delivering comprehensive lump sum turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors.
E S Sathyanarayanan, senior vice president & head of L&T Energy Hydrocarbon Onshore and member of the divisional board - L&T, said: “We are pleased to be entrusted with this major strategic project by Kuwait Oil Company.
The development of the Jurassic Light Oil export infrastructure is an important investment in Kuwait’s energy sector and we are committed to supporting the country’s energy ambitions through reliable and world-class project execution.'
As per L&T's internal classification, the value of this 'major' contract lies between Rs 5,000 crore and Rs 10,000 crore.
Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies.
The conglomerate had announced its June 2026 quarterly earnings post market hours yesterday.
L&T had reported 14% rise in consolidated net profit to Rs 4,123 crore on a 7% increase in consolidated revenues to Rs 67,942 crore in Q1 FY27 as compared with Q1 FY26. International revenues stood at Rs 34,393 crore in Q1 FY27, contributing 51% of the company’s total revenues.
EBITDA fell by 3% YoY to Rs 6,116 crore while EBITDA margin contracted by 90 basis points YoY to 9.0% in the June'26 quarter.
The company secured orders worth Rs 108,014 crore, registering a year-on-year (YoY) growth of 14% for the quarter ended June 30, 2026. During the quarter, significant order wins were achieved across multiple businesses such as residential & commercial buildings, transportation infrastructure, ferrous metals, offshore wind and the heavy engineering businesses.
The value of the international orders was Rs 60,702 crore, contributing 56% to the total order inflow in the June'26 quarter.
The Group’s consolidated order book as on June 30, 2026, was at Rs 778,954 crore, reflecting a 5% growth over March 2026 quarter. International orders constituted 52% of the overall order book.
L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement and construction (EPC) order from Kuwait Oil Company (KOC) for its key Jurassic Light Oil (JLO) export facilities and the upgrade of existing export network. According to the company's project classification, the value of the order ranges between Rs 5,000 crore to Rs 10,000 crore.
The scope encompasses EPC of six new crude oil storage tanks, each with an operating capacity of 618,000 barrels, and associated facilities, on a Lump Sum Turnkey basis. The project also involves the installation of new pipelines and comprehensive upgrades to Kuwait's existing crude loading and export network to seamlessly accommodate increased production and enhance the country's crude handling capabilities.
The order underscores the oil & gas sector's continued confidence in L&T's ability to execute complex hyrdrocarbon projects while maintaining the highest standards of safety, quality and operational excellence.
Larsen & Toubro (L&T) announced the successful conclusion of the Framework Cooperation Agreement (FCA) for 2 GW offshore wind programme with TenneT.
L&T, in consortium with Hitachi Energy, entered into FCA covering in principle six projects and future opportunities under TenneT's ambitious 2-GW HVDC programme. The framework is designed to support large-scale integration of offshore renewable energy and accelerate Europe's transition towards a sustainable and decarbonised clean energy future.
As part of the programme, the consortium will continue the execution of two ongoing projects – IJmuiden Ver Alpha and Nederwiek 1 – in the Netherlands. In addition, the consortium will commence two new projects, Nederwiek 3 in the Netherlands and LanWin 5 in Germany.
Together, these projects represent a cumulative transmission capacity of 8 GW operating at 525 kV. The projects will enable the transfer of renewable energy generated in the Dutch and German sectors of the North Sea to the onshore power grids.
Under the engineering, procurement, construction and installation scope, L&T will execute the offshore converter platforms and associated infrastructure, while Hitachi Energy will provide its HVDC Light® technology for efficient power conversion and transmission.
Combining L&T's offshore engineering and project execution expertise with Hitachi Energy's advanced power transmission capabilities, the consortium is uniquely positioned to deliver reliable HVDC infrastructure that will accelerate Europe's renewable energy transition and support its decarbonisation goals.
L&T's Offshore Wind business vertical is backed by multidisciplinary engineering expertise through its engineering centre of excellence in India and Sharjah, UAE, strategic global partnerships, a robust supply chain ecosystem and world-class modular fabrication facilities in Kattupalli, India. These strengths enable the delivery of complex offshore structures to the highest standards of safety, quality and sustainability.
The Infrastructure & Utilities Segment recorded customer revenues of ₹ 21,858 crore for the quarter ended 30 June 2026, registering a YoY decline of 3%. The subdued performance was largely attributed to execution challenges in the water & effluent treatment business.
For the quarter ended 30 June 2026, the customer revenues of the Energy – Conventional segment stood at Rs 14,239 crore, reflecting a YoY growth of 14% on improved execution in the hydrocarbon business as well as the carbonlite solutions business.
The Energy – Green segment recorded customer revenues of Rs 5,607 crore for the quarter ended 30 June 2026, registering a YoY decline of 11%, largely due to supply chain disruptions arising from the West Asia conflict in the solar business.
For the quarter ended June 30, 2026, customer revenues of the Manufacturing & Products segment were Rs 4,486 crore, registering a YoY growth of 9%, driven by improved execution progress in precision engineering & systems, construction equipment & mining machinery and rubber processing machinery businesses.
The Technology, Platforms & Services segment recorded customer revenues of Rs 14,627 crore for the quarter ended 30 June 2026, registering a YoY growth of 15%, driven by continued engagement across the IT&TS sector.
The Financial Services segment recorded income from operations at ₹ 5,042 crore during the quarter ended 30 June 2026, registering YoY growth of 27%, primarily driven by focused and higher disbursements in the retail business.
For the quarter ended June 30, 2026, customer revenues of the realty segment were Rs 1,009 crore, registering a growth of more than 100% on YoY basis, driven by higher handover of residential apartments.
Lastly, the Development Projects segment has recorded customer revenues of Rs 1,074 crore during the quarter ended 30 June 2026.
International revenues stood at Rs 34,393 crore in Q1 FY27, contributing 51% of the company’s total revenues.
S N Subrahmanyan, chairman and managing director, said: “The financial year has commenced against the backdrop of geopolitical uncertainties.
The company has managed to maintain momentum by rotating its focus across sectors and geographies while maintaining robust cash flows. The performance for the quarter reflects our portfolio resilience.
During the quarter, we successfully concluded the sale of Nabha Power Limited, consistent with our stated strategy of exiting the concessions portfolio. Further, we have signed the share purchase agreement with Hyderabad Metro Rail Limited (HMRL), a Government of Telangana Enterprise, to divest 100% of our stake in Hyderabad Metro SPV.
With a well-diversified portfolio spanning sectors and geographies, we remain confident of maintaining growth while capitalising on emerging opportunities.'
The scrip rose 0.75% to end at Rs 3832.75 on the BSE today.
The Residential, Commercial Buildings & Factories (RCF) business vertical of L&T has secured a major order from a reputed client for a largescale housing redevelopment project in Mumbai. According to the company's project classification, the order is valued between Rs 5,000 crore to Rs 10,000 crore.
The scope includes the design and construction of 26 high-rise residential towers, each rising to 120 metres, on a turnkey basis. The project encompasses structural works, architectural finishes, and electromechanical services.
To meet the project's stringent delivery schedules, L&T will deploy its proven large-wall panel precast construction technology. Under this approach, building components will be manufactured in a state-of-the-art precast facility and assembled at the project site, enabling enhanced quality, productivity and speed.
The RCF business vertical of L&T possesses strong domain knowledge, proven expertise and extensive experience in delivering EPC solutions across segments such as, residential buildings, commercial spaces and factories, including automobiles, proving tracks, new energy facilities like solar panel and battery storage plants, paint and chemical plants, glass plants, food processing units and other complex industrial structures.
L&T Heavy Engineering, the hi-tech manufacturing arm of Larsen & Toubro, has secured a series of international orders across Asia, Africa, North America, South America and Europe, reinforcing its position as a global leader in process plant equipment. According to the company's project classification, the value of the order ranges between Rs 2,500 crore to Rs 5,000 crore.
The business has secured orders from Africa's largest industrial conglomerate, Dangote Group, for a mega refinery and multi-train fertiliser expansion projects in Nigeria and Ethiopia. The scope includes the supply of critical process equipment, comprising the world's largest Fluid Catalytic Cracking Reactor Regenerator Package, all critical urea and ammonia equipment.
Additionally, the business has won a repeat order from a Japanese customer for the manufacture and supply of Heat Exchangers and Absorbers for an LNG project in Canada.
The business has also secured orders for its core equipment including Coke Drums, Fractionator Columns and Heat Exchangers from customers in Spain, US and Brazil.
According to L&T’s classification, it has received a large order that comes under the category of Rs 2,500 to Rs 5,000 crore.
The business has received orders from the Dangote Group, Africa's largest industrial conglomerate, for a mega refinery project and multi-train fertiliser expansion projects in Nigeria and Ethiopia. The scope of work includes the supply of critical process equipment, comprising the world's largest Fluid Catalytic Cracking (FCC) reactor regenerator package, along with critical urea and ammonia equipment.
Further, the company has secured a repeat order from a Japanese customer for the manufacture and supply of heat exchangers and absorbers for an LNG project in Canada. It has also won orders for core process equipment, including coke drums, fractionator columns and heat exchangers, from customers in Spain, the United States and Brazil.
Anil Parab, Whole-time Director & Sr Executive Vice President—Manufacturing, L&T, said, 'These orders reaffirm the trust and confidence that customers place in L&T’s world-class manufacturing capabilities and its consistent track record of delivering high-quality process equipment to global clients.'
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.
The counter slipped 1.83% to Rs 3,724.30 on the BSE.