L&T partners with Indian Army for upgradation of Pinaka Rocket launch system; shares down

Shares of Larsen & Toubro (L&T) were trading marginally lower on Thursday, January 8, despite it bagging a supply order from the Indian Army for upgrading in-service Pinaka Multi-Rocket launch systems.

The order, received from the Corps of Electronics and Mechanical Engineers (EME) of the Indian Army, is for the overhaul, upgradation, and obsolescence management of the indigenous launcher systems, it said in a regulatory filing.

The partnership between the original equipment manufacturer and the Indian Army aims to enhance the long-term operational availability and modernisation of the Pinaka regiment in service with the Army.

Furthermore, it will focus on managing outdated components, upgrading critical sub-systems and providing sustained technical support to the Army Base Workshops.

Under the partnership, the 510 Army Base Workshop (ABW) EME will undertake an overhaul and upgrade of critical electronics and systems, utilising the domain knowledge inherent in the Army Base Workshop.

L&T will supply critical spares and support the modernisation of sub-systems, enabling a shift from conventional maintenance practices to a structured, lifecycle-based sustenance and upgrade framework, it added.

In the initial phase, the company will jointly undertake a pilot overhaul of the Pinaka Launcher and Battery Command Post in collaboration with the 510 ABW, it stated.

Upon successful completion of the pilot phase, the remaining systems will be overhauled by 510 ABW of the Corps of EME, with L&T continuing to provide critical spares, technical support and quality oversight, the filing noted.

The affiliation not only reinforces the public-private partnership model in defence but also provides sustenance and lifecycle support for frontline artillery systems, the firm said.

“The approach aligns with the Aatmanirbhar Bharat vision, by leveraging indigenous design, manufacturing and systems integration capabilities,” it stated.

L&T has been a long-standing development partner to the Defence Research and Development Organisation (DRDO) and the Indian Army for the design and supply of the Pinaka artillery systems, the filing said, adding that, “this latest partnership between the Indian Army and L&T is a paradigm shift in sustenance of defence systems, showcasing closer industry-Indian Army collaboration.”

L&T stock performance

Shares of L&T fell as much as 0.24% to an intraday low of ₹4,146.90 apiece on the National Stock Exchange (NSE) on Thursday. In early trade, the scrip had risen as much as 0.31% to the session’s peak of ₹4,169.90 per unit.

At around 11:12 am, the stock was trading 0.11% lower at ₹4,152.60 per equity share.

L&T has a total market capitalisation of ₹5.71 lakh crore, as of January 8, 2026, according to data on the NSE.