L&T share price down despite securing order up to ₹5,000 crore from BCGCL; Q4 results, dividend announcement today

The stock was down 1.39% to ₹4,044 apiece on the National Stock Exchange (NSE) at 10:09 am. Intraday, it fell as much as 1.82%.

In an exchange filing on Tuesday, the company said that L&T Energy Hydrocarbon Onshore secured a large order from BCGCL, a joint venture of Coal India and Bharat Heavy Electricals Ltd, for a coal-to-ammonia-nitrate project in Odisha.

A large order is sized between ₹2,500 crore and ₹5,000 crore.

The order is related to the development of the Nitric Acid and Ammonium Nitrate Plant, to be executed on a Lump Sum Turnkey basis (LSTK Package-4) with single-point responsibility.

Once operational, the facility will allow the conversion of coal into ammonium nitrate with a planned production capacity of 2,000 tonnes per day, to meet the growing requirements of India’s mining, infrastructure and industrial sectors, the company said.

The scope of work includes process licensing, basic design, detailed EPC, encompassing mechanical completion, commissioning, sustained load and performance guarantee test runs, overall project management and final handover of the plant and its facilities.

Commenting on the order win, Subramanian Sarma, Deputy Managing Director and President, L&T, said, "This large order strengthens L&T’s presence in the gasification and downstream chemicals EPC space. Indigenous gasification infrastructure will play a pivotal role in India’s energy transition, and this order reinforces our ability to deliver complex, technology-intensive projects at scale."

L&T Q4 results

Larsen & Toubro Limited will declare its consolidated and standalone financial results for the year ended March 31, 2025, on Tuesday, post-market hours. The company will also recommend a dividend, if any.