L&T bags orders in range of ₹1,000-₹2,500 crore in India, overseas; shares down

Despite the order win, the stock traded 0.79% lower at ₹3,614.60 apiece on the National Stock Exchange (NSE) at 11:37 am. Its market capitalisation stands at ₹4,97,013.47 crore.

In the overseas market, L&T secured an order for LNG equipment for a project in the United States of America. "One of the largest LNG project orders, this underscores L&T's position as a global leader in the heavy engineering sector, leveraging extensive expertise and state-of-the-art manufacturing technology to deliver high-quality LNG equipment," the company said in an exchange filing.

The heavy engineering arm also bagged a breakthrough order for a loop reactor in Turkey's Propane Dehydrogenation (PDH) Polypropylene (PP) Plant.

The business also bagged a repeat order from an oil and gas customer in Saudi Arabia for revamping a fluid catalytic cracking unit (FCCU). It also received an order from a client in Kuwait for supplying critical parts for hydrocracker reactors and high-pressure heat exchangers.

On the domestic front, L&T's Heavy Engineering unit received orders for three urea reactors: Indorama India Private Ltd, Southern Petrochemical Industries Corporation, Indian Farmers Fertiliser Cooperative Ltd, and Indorama India Private Ltd.

"These have taken the number of urea reactor orders that the business has received in recent years to 17 in a row, thus solidifying its dominance in the supply of critical equipment for the fertiliser sector," the EPC giant said.

Last month, the Defence Ministry awarded an order in the range of ₹5,000 crore to ₹10,000 crore for the supply of K9 Vajra-T Artillery Platforms to the Indian Army.

Before that, it had received orders valued at more than ₹15,000 crore for setting up thermal power plants in Madhya Pradesh and Bihar.