L&T shares rise on securing grid infrastructure orders worth ₹5,000 to ₹10,000 crore

Shares of Larsen and Toubro (L&T) rose 0.68% to an intra-day high of ₹3,704 apiece on the National Stock Exchange (NSE) after announcing that it won new grid infrastructure orders worth ₹5,000 to ₹10,000 crore on Tuesday, June 10.

These orders have been bagged from leading transmission asset owners and operators and are set in India and overseas, the infrastructure major said in a regulatory filing to the bourses.

In India, L&T’s power transmission and distribution business vertical has won an order to build a transmission line for the integration of a renewable energy zone in Andhra Pradesh, it said.

In the Middle East, the business has received orders to execute a set of gas-insulated substations, as per the filing.

L&T wins “significant order” from JSW Energy

L&T’s heavy civil vertical will work on the Bhavali Pumped Storage Project (PSP). It is strategically located across the Nashik and Thane districts of Maharashtra and is designed to have a total installed capacity of 1,500 MW, comprising various small units, the infrastructure major said.

L&T bags water projects in Rajasthan

L&T’s Water & Effluent Treatment (WET) business secured “significant orders” (₹1,000 to ₹2,500 crore) from the Public Health Engineering Department of Rajasthan on June 3.

The first is an engineering, procurement and construction (EPC) order for the Rajasthan Rural Water Supply and Fluorosis Mitigation Project.

The second project won by its WET vertical is related to strengthening and rehabilitating the water supply system on the Kekri-Sarwar sector in Rajasthan’s Ajmer district.

L&T stock performance

L&T shares have been in the spotlight, falling 0.51% over the last week but have gained 0.24% since the beginning of June. It has surged 2.16% on a year-to-date basis.

The scrip hit a 52-week low of ₹2,965.30 apiece on April 7, 2025, and a high of 3,963.50 on December 10, 2024.

At around 1:16 pm, L&T stock was trading at ₹3,685.6, up 0.18%, outperforming the NIFTY50 index, which was trading flat.