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The Metals & Minerals (M&M) business vertical of L&T has secured multiple orders from leading domestic metals and mining companies, reinforcing its leadership in delivering world-class engineering, procurement and construction (EPC) solutions across the metals and minerals value chain. According the company's project classification, the value of these orders ranges between Rs 10,000 crore to Rs 15,000 crore.
The first order is from a public sector company, India's largest iron ore producer. As part of its expansion programme to achieve 100 MTPA of iron ore production capacity by 2030, the company has awarded L&T Package #BE-01C of the 18 MTPA Iron Ore Handling Plant in Chhattisgarh.
The scope includes design and engineering, procurement, installation and commissioning of downhill conveyor system, screening plant, stockpile, yard equipment, Rapid Wagon Loading System (RWLS) and associated auxiliaries.
The second order is from another public sector Navratna company, which has undertaken the expansion of Steel Plant in West Bengal, from 2.5 MTPA to 7.1 MTPA. L&T has secured various Design & Build and Balance of Plant packages for this.
L&T also continues its long-standing association with a major private sector metals producer, having secured an EPC order for a Zinc Processing Plant. The scope comprises design and engineering, procurement, installation, commissioning and associated site services, reaffirming L&T's expertise in delivering complex non-ferrous metallurgical projects.
The first order has been awarded by India's largest public sector iron ore producer as part of its expansion programme to enhance iron ore production capacity to 100 million tonnes per annum (MTPA) by 2030. L&T has secured Package #BE-01C for the 18 MTPA Iron Ore Handling Plant in Chhattisgarh.
The scope of work includes design and engineering, procurement, installation and commissioning of the downhill conveyor system, screening plant, stockpile, yard equipment, Rapid Wagon Loading System (RWLS) and associated auxiliaries.
In another order, a public sector Navratna company has awarded L&T Design & Build and Balance of Plant packages for the expansion of its steel plant in West Bengal from 2.5 MTPA to 7.1 MTPA.
Further, L&T has continued its long-standing association with a major private sector metals producer by securing an EPC order for a zinc processing plant. The scope of the contract includes design and engineering, procurement, installation, commissioning, and associated site services, reaffirming the company's expertise in executing complex non-ferrous metallurgical projects.
S N Subrahmanyan, chairman & managing director, L&T, said, 'This reaffirms L&T's enduring leadership in the minerals and metals EPC sector and reflect the deep trust customers place in our ability to deliver projects of exceptional scale and complexity. As India accelerates investments in augmenting its metals & minerals capacity to support long-term economic growth, L&T remains committed to partnering with the country's leading enterprises in developing world-class industrial infrastructure.'
T Kumaresan, Senior Vice President & Head – Utilities & Metals, L&T, added, 'These orders across the mining, ferrous and non-ferrous sectors reaffirm our customers' confidence in L&T's engineering expertise and project execution capabilities. They strengthen our position as a trusted partner in developing India's metals and minerals infrastructure. We remain committed to delivering the projects with the highest standards of quality, safety and sustainability.'
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 rose 0.31% to Rs 3,826.80 on the BSE.
Larsen & Toubro Vyoma (L&T Vyoma), L&T's next-generation sovereign AI cloud and digital infrastructure business, has entered a strategic partnership with Fortanix Inc, a US-headquartered global leader in data and AI security and a pioneer in Confidential Computing. They will jointly deliver sovereign, secure software-as-a-service offerings for enterprises and government organisations in India.
With AI adoption accelerating, the need for data sovereignty, regulatory compliance and runtime protection has become critical, particularly in regulated sectors such as banking, financial services, government and healthcare.
Through this partnership, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking, while Fortanix will secure the data and AI workloads in use by leveraging NVIDIA Confidential Computing.
The collaboration will enable organisations to adopt AI and modern data services securely, while ensuring that sensitive data remains protected and compliant within India's borders.
The partnership aims to deliver sovereign AI infrastructure and data security solutions, addressing the growing demand for data sovereignty, regulatory compliance and protection of AI workloads across sectors such as banking, financial services, government and healthcare.
Under the collaboration, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking capabilities, while Fortanix will secure data and AI workloads through Confidential Computing technology powered by NVIDIA Confidential Computing.
The companies will jointly develop sovereign AI and data security solutions, pursue co-selling opportunities across regulated industries and support customer adoption through proof-of-concept and proof-of-value engagements.
Confidential Computing protects data during processing through hardware-based Trusted Execution Environments, ensuring sensitive information remains secure even while computations are being performed.
The partnership will enable organisations to deploy AI models securely without exposing proprietary intellectual property, safeguard sensitive enterprise and citizen data, and support compliance with India's data sovereignty and regulatory requirements.
L&T Vyoma will also work with Indian AI model builders to strengthen the ecosystem for sovereign AI innovation.
Commenting on the partnership, Prashant Chiranjive Jain, Managing Director – Larsen & Toubro Vyoma, said: “India’s digital economy requires a strong foundation of sovereign infrastructure and secure AI capabilities. The partnership with Fortanix enables us to help organisations harness AI with confidence by ensuring that data remain protected within national boundaries while meeting the highest standards of security and compliance”.
Anand Kashyap, Co-founder & CEO – Fortanix Inc, said: “AI adoption isn’t slowing down, but organisations are increasingly challenged to balance innovation with data sovereignty and security. Our partnership with L&T Vyoma brings together trusted infrastructure and Confidential Computing to enable enterprises in India use AI without exposing sensitive data or intellectual property”.
Justin Boitano, Vice President -Enterprise AI Products - NVIDIA, said: “Regulated industries racing to adopt AI need to maintain the highest standards for data sovereignty and security as they scale advanced AI models and agents. Bringing together NVIDIA Confidential Computing with L&T Vyoma’s sovereign infrastructure and Fortanix’s security platform creates a trusted foundation for securely deploying and managing mission-critical workloads in India”.
The scrip shed 0.49% to Rs 3,971.95 on the BSE.
Larsen & Toubro (L&T) has secured a ‘Baa1' long term issuer rating with a ‘Stable' outlook from Moody's Ratings, reinforcing the Group's robust credit profile and financial resilience.
The ‘Baa1' rating signifies a quality investment-grade credit profile, reflecting strong capacity to meet financial commitments and a low level of credit risk. It also underscores L&T's prudent financial management and consistent operational performance.
The 'Stable' outlook reflects expectations that L&T and its core international subsidiaries will maintain strict fiscal discipline, comfortable leverage levels and healthy operating margins as high-margin engineering services and large-scale EPC projects in West Asia continue to scale.
Notably, this premium rating stands two notches above India's sovereign rating of ‘Baa3', positioning L&T among an exclusive group of Indian multinational corporates evaluated stronger than the country's sovereign rating.
Moody's, the global ratings major, has also assigned a matching ‘Baa1' rating to L&T Hydrocarbon Saudi Company (a subsidiary of L&T), reflecting the business vertical's tight operational integration with the parent Company and the strategic importance of Larsen & Toubro's West Asia operations.
Vyoma.AI has subscribed to 100% of LTNCPL’s equity share capital for a consideration of Rs 1 lakh. Accordingly, LTNCPL is wholly owned by Vyoma.AI.
The company said LTNCPL has not commenced business operations and, therefore, has not reported any turnover.
The counter shed 0.21% to end at Rs 4200.60 on the BSE.
In the cash market, the Nifty 50 index soared 231 points or 0.98% to 23,853.90.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 2.48% to 14.35.
HDFC Bank, Reliance Industries and Larsen & Toubro (L&T) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The June 2026 F&O contracts will expire on Tuesday, 30 June 2026.