L&T shares rise on bagging a major order worth up to ₹10,000 crore for housing redevelopment project in Mumbai

Worth between ₹5,000 crore and ₹10,000 crore, the project involves a large scale housing redevelopment project in Mumbai. L&T, however, did not disclose details of the client.

The work includes designing and constructing 26 high-rise residential towers, each rising to 120 metres, on a turnkey basis. This also involves structural works, architectural finishes, and electromechanical services.

To meet the project's stringent delivery schedules, L&T said it will deploy its proven large-wall panel precast construction technology. “Under this approach, building components will be manufactured in a state-of-the-art precast facility and assembled at the project site, enabling enhanced quality, productivity and speed,” the company said in a regulatory filing.

L&T’s RCF business vertical has experience in delivering EPC solutions across a wide range of segments, including residential buildings, commercial spaces, and factories.

It has executed projects across industries such as automobiles, new energy, and manufacturing, covering proving tracks, solar panel and battery storage plants, paint and chemical units, glass plants, food processing facilities, and other complex industrial structures.

Last week, L&T’s manufacturing arm had secured a series of international large orders worth between ₹2,500 crore and ₹5,000 crore. L&T Heavy Engineering bagged international orders across Asia, Africa, North America, South America and Europe.

The business has secured orders from Africa’s largest industrial conglomerate, Dangote Group, for a mega refinery and multi-train fertiliser expansion projects in Nigeria and Ethiopia.

Furthermore, L&T will declare its results for the quarter ended June 2026 on Tuesday, July 28.

L&T Q4 FY26 earnings

Larsen and Toubro had reported a 3% decline in its consolidated net profit at ₹5,326 crore for the quarter ending March 31 of the financial year 2025-26. The infrastructure major had seen a profit of ₹5,497 crore in the same quarter of the previous fiscal year.

L&T’s revenue from operations for the quarter under review was at ₹82,762 crore, marking a growth of 11.3% from ₹74,392 crore reported in the fourth quarter of FY25. The firm’s international revenues stood at ₹43,747 crore, contributing 53% of the total revenues.

For Q4 FY26, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 5% year-on-year (YoY) to ₹8,610 crore as against ₹8,202 crore in Q4 FY25. Its margin contracted at 10.4% in contrast to 11.03% YoY.

L&T share price trends

At 3:04 PM, L&T shares were trading at ₹3,812.60 apiece on the National Stock Exchange, gaining 0.71%.

From the beginning of the year, L&T shares have declined 8%. Over a month’s time, the stock has slipped 8.5%.

Shares of the firm had hit a 52-week high of ₹4,440 on February 24, 2026, and a 52-week low of ₹3,288.10 on March 23, 2026.

According to NSE data, as of July 24, 2026, L&T has a total market capitalisation of ₹5.24 lakh crore.