L&T shares soar on bagging ₹2,500-5,000 crore construction order for Mumbai-Ahmedabad bullet train project

This follows the company’s transportation infrastructure business vertical, bagging a “large” order to construct 156 Route Km (RKM) of high-speed ballastless track for the Mumbai-Ahmedabad high-speed rail (MAHSR) corridor from the National High Speed Rail Corporation Ltd (NHSRCL).

According to L&T’s classification, a large order falls in the ₹2,500-5,000 crore range.

The project will involve the design, supply, construction, testing, and commissioning of track works on a design-build lump sum price basis between Bandra-Kurla Complex in Mumbai and Zaroli village in Gujarat, L&T said in a regulatory filing.

The order also includes over 21 km of track works in underground sections and 135 km of track on the elevated viaduct sections, it added.

The Mumbai-headquartered EPC firm said it is adopting Japanese Shinkansen J Slab Track Technology for the track works, which will enable a speed of up to 320 kmph.

This is the second track-work package that L&T has won in MAHSR.

In April 2022, NHSRCL awarded L&T an order for track work construction from south of Vadodara city to the Sabarmati depot. The project is currently progressing rapidly, the firm stated.

With the latest order, L&T is now responsible for over 50% of the track works in MAHSR.

Commenting on the development, S V Desai, Whole-time Director & Sr EVP (Civil Infrastructure) of L&T, said: “Our success in T3 package involved rapid technology absorption, indigenisation of plant & machinery and value engineering. This has been a key factor in our approach to this new order, and we are confident of delivering on time.”

L&T share performance

L&T stock was trading 0.53% higher at ₹3,598.80 per equity share, as of September 15.

The share gained 0.95% over the week and 10.05% over six months. On a year-to-date basis, the scrip has risen 0.11%.

While the stock reached a 52-week low of ₹2,965.30 on April 7, 2025, it hit a year’s low of ₹3,963.50 per equity share on December 10, 2025.

L&T has a total market capitalisation of ₹4.95 lakh crore, as of September 15, 2025, according to data on the NSE.

L&T Q1 result

The EPC firm reported a 30% year-on-year (YoY) increase in its net profit to ₹3,617 crore in the June quarter of FY26, compared to ₹2,789 crore in the year-ago period.

Its revenue from operations stood at ₹63,679 crore during the quarter under review, marking a jump of 15% YoY from ₹55,120 crore in the first quarter of FY25.

At an operational level, L&T’s EBITDA (earnings before interest, tax, depreciation, and amortisation) advanced 12.5% YoY to ₹6,318 crore in Q1FY26, as against ₹5,615 crore in the June quarter of the previous fiscal year.