Shares of Larsen & Toubro Ltd (L&T) rose 0.85% on Wednesday, October 29, after the company announced that its Power Transmission & Distribution (PT&D) business has secured multiple large orders worth up to Rs 5,000 crore in Saudi Arabia. The stock traded at Rs 4,006.40, up Rs 33.60 from the previous close of Rs 3,972.80 on the NSE.
The announcement comes just hours ahead of L&T’s Q2 FY26 financial results, which are scheduled to be released later today.
Corporate Filing: Details of Saudi Orders
In its exchange filing, L&T stated that its PT&D vertical has bagged several contracts in Saudi Arabia for the construction of 380 kV substations and transmission lines, reinforcing its strong execution track record in the Middle East power infrastructure market.
The order scope includes the establishment of a 380/33 kV Gas Insulated Substation (GIS) equipped with hybrid GIS elements, transformers, reactors, and advanced systems for protection, automation, HVAC, and firefighting.
Additionally, L&T received multiple contracts for developing 380 kV overhead transmission lines, spanning more than 420 kilometres across various regions of the country. These projects are part of Saudi Arabia’s National Renewable Energy Programme (NREP), aimed at enhancing grid connectivity and supporting large-scale renewable energy integration.
L&T categorised these as “large” orders, valued between Rs 2,500 crore and Rs 5,000 crore, reflecting continued momentum in its international business portfolio.
Strategic Relevance
The newly secured contracts strengthen L&T’s position as a key EPC partner in Saudi Arabia’s ongoing energy transition, where grid modernisation and renewable integration are top government priorities.
The projects are expected to play a crucial role in expanding transmission capacity, improving grid reliability, and enabling renewable energy generation in line with Saudi Vision 2030.
Stock Performance and Market Metrics
At 9:45 AM, L&T shares were trading at Rs 4,006.40, up 0.85% on the NSE. The stock’s day range stood between Rs 3,982.00 and Rs 4,016.70, with a market capitalization of Rs 5.50 lakh crore. The company’s P/E ratio was 34.69, and its dividend yield stood at 0.85%.
Over the past year, the stock has traded between Rs 2,965.30 and Rs 4,016.70, supported by consistent project wins and steady execution across domestic and international markets.
L&T’s latest Rs 5,000 crore order win in Saudi Arabia adds to its growing overseas portfolio and underscores its strength in large-scale power transmission projects. With Q2 FY26 results expected later today and order inflows continuing to gather pace, the company remains among the most actively tracked infrastructure majors in India’s capital goods space.
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