L&T wins EPC order worth ₹2,000-5,000 crore from Vedanta group firm Hindustan Zinc

Larsen & Toubro (L&T) on Friday, August 1, announced that it bagged an order worth ₹2,500 to ₹5,000 crore from the Vedanta group firm, Hindustan Zinc, for designing and commissioning of one of its plants.

The engineering, procurement, and commissioning (EPC) contract was awarded to L&T’s Minerals and Metals business vertical, it said in a regulatory filing.

The scope of the project includes design, engineering, procurement, complete site services, including installation and commissioning of Calcine storage, leaching, purification, and electrowinning (Jumbo Cell House) plant.

The scope of the project also extends to associated auxiliaries such as utilities, ETP RO-ZLD ( Effluent Treatment Plant with Reverse Osmosis and Zero Liquid Discharge), plant electrics, instrumentation, and automation systems, L&T added.

As part of its expansion plans, Hindustan Zinc is setting up a 250 kilotonne per annum (KTPA) leaching, purification, and cellhouse facility, along with a 125 KTPA Jarosite Circuit at its Debari Smelter Complex in Rajasthan.

Commenting on the order win, T Kumaresan, the senior vice president and head of minerals and metals at L&T, said: "This win reaffirms L&T's leadership in the minerals and metals sector and underscores our commitment to delivering excellence that ensures customer satisfaction."

L&T Q1 result

The company reported a 30% year-on-year (YoY) surge in its net profit of ₹3,617 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26). In the corresponding period last year, its profit was at ₹2,786 crore.

Its revenue from operations stood at ₹63,679 crore during the quarter under review, jumping 15% YoY from ₹55,120 in Q1FY25.

At an operational level, its EBITDA (earnings before interest, taxes, depreciation and amortisation) grew 12.5% YoY to ₹6,318 crore in the June FY26 quarter, compared to ₹5,615 crore in the corresponding period last year.

Its EBITDA slipped 30 basis points to 9.92% from 10.2% in the year-ago period.

L&T stock performance

Shares of L&T closed 1.14% lower at ₹3,595.20 apiece on the National Stock Exchange (NSE).

The stock hit an intra-day low of ₹3,578.10 per equity share during Friday’s trading session.

The scrip gained 4.19% over the week but lost 0.91% in July. It surged 5.08% in the Q1FY26 but fell 0.56% on a year-to-date basis.

While the share hit a 52-week low of ₹2,965.30 on April 7, 2025, it reached a year’s high of ₹3,963.50 apiece on December 10, 2024.

Larsen & Toubro is a $30 billion group engaged in EPC projects, hi-tech manufacturing and services operating across multiple geographies.