1 week ago
L&T Shares Rise After Two Major West Asia Orders
Larsen & Toubro, or L&T, won two large projects in West Asia.
One project is for facilities that compress sour gas.
It is worth more than ₹15,000 crore.
The other project is for three battery energy storage systems.
Together, these systems can store 6 gigawatt-hours of electricity.
They will also include substations, grid connections, and underground cables.
Investors reacted to the announcements by buying L&T shares.
The shares finished at ₹4,119, which was 0.71% higher than the previous day.
Larsen & Toubro shares closed at ₹4,119 on the NSE, up 0.71% on the previous close.
L&T announced an ultra-mega gas compression facilities contract in West Asia valued above ₹15,000 crore.
The gas project includes sour-gas compression plants and two 230 kV extra-high-voltage substations.
L&T Renewables won a ₹5,000–10,000 crore order for three West Asia battery-storage projects.
The battery projects will provide 6 gigawatt-hours of storage and use four-hour, liquid-cooled systems.
- Who
- Larsen & Toubro and its Energy Hydrocarbon Onshore, Power Transmission & Distribution, and Renewables businesses.
- What
- L&T announced two major West Asia orders covering gas compression facilities and battery energy storage systems.
- Where
- West Asia; L&T shares traded on the NSE in India.
- When
- The announcements were made on August 24 and August 25, 2026; the shares closed on August 25, 2026.
- Why
- Investors reacted to the company’s back-to-back international contract wins.
Key facts
- Share close
- ₹4,119 on the NSE
- Daily gain
- ₹29, or 0.71%, over the previous close
- Gas compression order
- Ultra-mega category, valued above ₹15,000 crore
- Battery storage order
- Major category, valued between ₹5,000 crore and ₹10,000 crore
- Storage capacity
- Three projects totaling 6 gigawatt-hours
- Battery system design
- Four-hour systems with liquid cooling technology
- Company profile
- L&T is a $32 billion Indian multinational operating across EPC, hi-tech manufacturing, and services
Sources
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