Infrastructure major Larsen & Toubro (L&T) on Friday said that it has entered into a strategic pact with US-based Atomics Aeronautical Systems, Inc. (GA-ASI) for manufacturing unmanned aircraft systems for the Indian Army. Under the partnership, both the firms will together manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India. L&T's engineering, precision manufacturing and system integration capabilities in defence and aerospace and GA-ASI operational expertise will be utilised in this strategic pact. "Under this partnership, L&T will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where L&T will be the prime bidder and GA-ASI the technology partner," the infrastructure major said in a filing to the BSE. The collaboration will enable the production of GA-ASI's MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance
The consolidated Q2FY26 net profit was in line, though revenue guidance was missed due to lower-than-expected revenue from core engineering, procurement and construction (EPC)
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The profit, however, missed Bloomberg analysts' poll estimate of Rs 4,004.7 crore. The revenue also missed the analysts' estimate of Rs 70,478.1 crore
As part of its National Renewable Energy Programme (NREP), Saudi Arabia is upgrading its electricity grid to support renewable energy projects
Q2FY26 company results: Firms including LIC Housing Finance, Ixigo, United Breweries, NTPC Energy, HPCL, and NMDC are also to release their July-September quarter earnings reports today
Infrastructure major Larsen & Toubro (L&T) on Monday said its power transmission and distribution vertical has bagged 'large' grid infrastructure orders in the Middle East. According to the company's project classification, a 'large' order is worth Rs 2,500 crore to Rs 5,000 crore. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilience, the company said in a regulatory filing. Currently, the network of the Sultanate of Oman is connected to this interconnection through UAE's grid at 220kV. Now a direct interconnection is being established at 400 kV level for which a 400 kV substation in UAE is crucial, the company added. L&T PT&D has won an order to engineer, procure and construct this 400 kV Substation, the filing said. According to the filing, the company has bagged another order for building a set of new 132kV substations in the .
The order for setting up a large-scale natural gas liquids plant marks one of L&T's biggest global EPC wins and strengthens its position in the hydrocarbon sector
Larsen & Toubro (L&T) has secured a $700 million sustainability-linked trade facility with Standard Chartered, tied to carbon and water targets, reinforcing its commitment to green business practices
Infrastructure major Larsen & Toubro on Friday said that disinvestment of its stake in Hyderabad metro project will be completed by the end of current financial year. "We expect the divestment to get completed by the end of the current fiscal FY26," L&T said in a filing to BSE. The company said that Telangana government will take over the Hyderabad Metro SPV by refinancing the current debt and acquiring equity of L&T Metro Rail (Hyderabad) Ltd at the agreed values An in principle understanding has been reached between both on the same. Official sources on Thursday said that Telangana government has agreed to take over Phase-I of Hyderabad Metro Rail project from L&T Group by paying Rs 2,000 crore for the equity in the concessionaire L&T Metro Rail Hyderabad Ltd. It was agreed that the state government would also take over the company's debt of Rs 13,000 crore, they had said. L&T has about 90 per cent equity in the project. Last month, the infra major expressed .
At 1:10 PM, L&T shares were trading near day's high level, up 1.19 per cent at ₹3,701.95 per share. In comparison, BSE Sensex was trading 0.24 per cent lower at 81,906.96 levels.
The collaboration aims to leverage L&T's expertise in strategic defence and aerospace platforms with BEL's experience in defence electronics and systems to support the AMCA programme
In April 2022, L&T was awarded a contract covering 116 km from south of Vadodara to the Sabarmati depot under the same project
L&T Semiconductor Technologies may enter China by FY27, outsourcing chip production to local fabs, as it targets $1 billion revenue and weighs IPO plans after $500 million milestone
L&T-SuFin, the B2B e-commerce platform from L&T, has more than doubled GMV to $215 million year-to-date and is aiming to achieve $1 billion GMV in FY26 with expansion and new services
L&T is scaling its ₹2,200 crore data centre play, expanding defense and aerospace, while monitoring reforms in nuclear power and reviving its thermal portfolio
L&T to build eight 800 MW thermal power units for Adani Power under a contract worth more than ₹15,000 crore, boosting India's baseload electricity capacity
The termination of two contracts for Corridor-2 and Corridor-4 of the Bengaluru Suburban Rail Project (BSRP) by Indian multinational conglomerate Larsen & Toubro is a clear violation of agreement conditions, said officials of K-RIDE, a joint venture between the government of Karnataka and the Ministry of Railways, on Saturday. L&T had terminated the contract on July 31, added K-RIDE. "L&T has made unreasonable demands of revising contract price within the contract period and converting EPC contract into an itemised Bill of Quantities (BOQ) contract, even though contract condition does not permit the same," stated a press release issued by K-RIDE on Saturday. According to the release, L&T had entered into two agreements to perform the work assigned to them in the Corridor-2 (Chikkabanavara to Benniganahalli) and Corridor-4 (Heelalige to Rajankunte) of the suburban railway project, added the release. Originally, the scheduled completion time for Corridor-2 (C2) was 27 ...
Technical charts show that the bias at the Larsen & Toubro counter is likely to remain positive as long as the stock trades above ₹3,437 levels.
Larsen & Toubro reports a 30% YoY profit growth for Q1 FY26 to ₹3,617 crore, driven by strong project execution and healthy revenue growth, surpassing analysts' estimates