L&T shares jump 1.5% as firm bags ultra-mega order worth ₹15,000 crore from Adani Power

The project involves setting up eight thermal power units, each with a capacity of 800 MW, totalling 6,400 MW of new generation capacity. The order will be executed by L&T Energy—CarbonLite Solutions (LTECLS), the company’s specialised business vertical for advanced power and low-carbon technologies.

The project involves completing design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical, and control & instrumentation (C&I) systems for Adani Power.

L&T classifies contracts above ₹15,000 crore as 'ultra mega' orders.

“In today’s dynamic energy landscape, where India’s demand for reliable and affordable power continues to grow, this order from the Adani Group reinforces our role as a leading partner in building the country’s critical energy infrastructure,” said Subramanian Sarma, Deputy Managing Director & President, L&T.

Following the contract, shares of L&T jumped on Monday. Last seen, the stock was trading at ₹3,654.50 per share, gaining 1.30% on the National Stock Exchange. Adani Power shares were up 0.27% at ₹578.50 apiece.

Adani Power Ltd is India’s largest private sector thermal power producer with an installed capacity of over 18,000 MW.

Larsen & Toubro is a $30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.

Larsen & Toubro had reported a net profit of ₹3,617 crore in the first quarter of the current financial year (Q1FY26), marking an increase of 30% from ₹2,786 crore in the same period last year.

The Mumbai-based company's revenue from operations advanced 15% to ₹63,679 crore in Q1 from ₹55,120 crore in the year-ago period.

L&T saw a stable operational performance as its earnings before interest, taxes, depreciation and amortisation (EBITDA), also known as operating profit, jumped 12.5% to ₹6,318 crore from ₹5,615 crore in the corresponding period last year. Its operating profit margin, however, slipped 30 basis points to 9.92% from 10.2% in the year-ago period.

In the first quarter of the current financial year, Larsen & Toubro received orders worth ₹94,453 crore at the group level.