L&T shares recover from day’s low on bagging ultra-mega order worth over ₹15,000 crore in Middle East

Worth over ₹15,000 crore, the company’s subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) secured an order from a Middle East client, which involves the development of multiple offshore facilities.

LTEH Offshore will execute the project scope encompassing engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities. A significant portion of the fabrication activities will be carried out at L&T's integrated manufacturing and fabrication facilities.

“With multiple offshore facilities, subsea infrastructure and substantial fabrication requirements, this project exemplifies the scale and complexity of offshore developments that LTEH Offshore is uniquely positioned to deliver,” said Parthasarathi Chatterjee, Senior Vice President & Head – L&T Energy Hydrocarbon Offshore.

The company in a regulatory filing also said that the award reinforces LTEH Offshore’s long-standing presence in the Middle East. Backed by integrated in-house engineering, project management, procurement, fabrication and installation capabilities and a dedicated fleet of vessels, LTEH Offshore has delivered some of the region’s most challenging offshore developments.

L&T further said that over the past four decades, the business has successfully executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades and modifications, deep water subsea structures and pipelines, and decommissioning programmes across global markets.

Commenting on the development, T. Madhava Das, Whole-time Director, Senior Executive Vice President & Head—Energy Hydrocarbon Division, Larsen & Toubro, said, “The order represents one of the most significant offshore developments currently underway in the Middle East and underscores the growing investments being made to meet future energy demand. The scale and complexity of the project call for deep engineering expertise, integrated project execution capabilities and flawless coordination across multiple workstreams.”

L&T order book details

L&T secured orders worth ₹1.08 lakh crore in Q1 FY27, registering a YoY growth of 14%, with significant order wins being achieved across multiple businesses such as Residential & Commercial buildings, Transportation Infrastructure, Ferrous Metals, Offshore Wind and the Heavy Engineering businesses.

Its international orders stood at ₹60,702 crore, contributing 56% to the total order inflow.

The group's consolidated order book as of June 30, 2026, was at ₹7.79 lakh crore, reflecting a 5% growth over the order book as of March 31, 2026. The international orders constituted 52% of the overall order book.

L&T share price trends

At 12:42 PM, L&T shares were trading at ₹4,066.2 apiece on the National Stock Exchange, rising 0.23%. After opening at ₹4,057 apiece, the stock had hit an intraday low of ₹4,026 per share and a high of ₹4,065 apiece on Monday.

From the beginning of the year, L&T shares have declined 2%. Over a month’s time, the stock has climbed 7%, while for a six-month period it has lost 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 August 17, 2026, L&T has a total market capitalisation of ₹5.59 lakh crore.