L&T shares rise as firm’s onshore business bags major order up to ₹10,000 crore from BPCL

The project involves engineering, procurement, construction and commissioning of an LLDPE/HDPE swing unit with two trains of 575 KTPA each at Bina in Madhya Pradesh. To be executed by L&T Onshore on a lump-sum turnkey basis, the facility will be India’s largest LLDPE/HDPE swing unit, setting a new benchmark in polyethylene production capacity, the firm said.

The project forms an integral part of BPCL’s Bina Petrochemicals & Refinery Expansion Project, which aims to set up a petrochemical complex and enhance refinery capacity from 7.8 MMTPA to ~11 MMTPA.

Commenting on the order win, Subramanian Sarma, Deputy Managing Director & President—L&T, said, “This is a major order that will not only strengthen our balance sheet but also provide impetus to our demonstrated credentials in the downstream hydrocarbon EPC space.”

L&T share price

At 1:15 PM, L&T shares were trading at ₹4,082.20 apiece on the National Stock Exchange, gaining 0.24%.

Over a month’s time, L&T shares have gained 2%, while the stock has zoomed over 14% in 6 months. Since the beginning of 2025, L&T shares have rallied over 11%.

Shares of the firm had hit a 52-week high of ₹4,140 on November 27, 2025, and a 52-week low of ₹2,965.30 on April 7, 2025.

The company has a total market capitalisation of ₹5.59 lakh crore, according to data on the NSE.

L&T Q2 earnings

Larsen and Toubro had reported a 15.6% increase in its consolidated net profit at ₹3,926 crore for the quarter ending September 30 of the financial year 2025-26. The infrastructure major had seen a profit of ₹3,395 crore in the same quarter of the previous fiscal year.

L&T’s revenue from operations for the quarter under review was at ₹67,984 crore, marking a growth of 10.4% from ₹61,555 crore reported in the fourth quarter of FY25.

For Q2 FY26, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 7% year-on-year (YoY) to ₹6,807 crore as against ₹6,362 crore in Q4 FY24. Its margin was almost flat at 10.1% in contrast to 10.3%.

The company had secured orders worth ₹210,237 crore, registering YoY growth of 39% for the half-year ended September 30, 2025.

The consolidated order book of the Group as of September 30, 2025, was at ₹667,047 crore, a growth of 15% over March 2025. International orders comprise 49% of the order book.