L&T stock gains 2% after subsidiary bags large order from Nuclear Power Corporation

The order for the 2X1000 MWe Kudankulam Nuclear Power Project (KKNPP – Units 5 & 6) in Tamil Nadu is valued at approximately ₹2,500–₹5,000 crore.

L&T classifies contracts above ₹2,500-₹5,000 crore as 'large' orders.

"The scope encompasses the mechanical package for the project, including installation of the nuclear reactor and turbine systems (with generator and condenser), seawater systems, polar and trestle cranes, and other related equipment," L&T said in a statement.

The project also covers accessories, piping, supports, structural steelwork, painting, anti-corrosion coatings, insulation, and comprehensive testing across all buildings and structures on site.

"The order reinforces L&T’s track record and proven expertise in delivering complex and large-scale nuclear power infrastructure projects for India’s clean energy mission," the infrastructure further said.

This is the second order for the company this week. On Monday, L&T’s transportation infrastructure business vertical bagged 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).

L&T stock was trading 1.94% higher at ₹3,655.80 per equity share at 2 PM. It was one of the top contributors on the NIFTY50 index.

The share gained 3.7% over the week and nearly 15% over six months.

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 ₹5.03 lakh crore as of September 16, 2025, according to data on the NSE.

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.