Larsen & Toubro Ltd

Order details

• Three BESS projects for a Middle East client, including grid interconnections.
• Total storage capacity across the three projects: 6 GWh.
• Scope includes pooling substations and underground cables.
• Each project features a 4-hour BESS duration.
• Liquid cooling technology for higher power density and safety.
• Strict performance, safety, quality and timeline requirements.
• International project; no explicit contract value disclosed.
• No disclosed impact on revenue; potential EPC leadership in storage.

Award details

• Awarding entity: international Middle East client.
• Nature and scope: EPC of gas compression facilities and related systems.
• Includes gas inlet facilities, gas compression, condensate and produced water handling, propane refrigeration, and utilities.
• Two 230 kV substations to be executed by LTE's Power Transmission & Distribution.
• LOA issued in FY26.
• Project expected to add significant gas compression capacity and utility infrastructure.
• Client's location: Middle East; international client.

Award details

• Dubai Aviation City Corporation awarded the order for Phase 1 APM at Al Maktoum International Airport
• Turnkey delivery including design, procurement, testing, commissioning of APM systems and infrastructure
• Consortium with Mitsubishi Heavy Industries; large order valued within ₹2,500-₹5,000 crore
• Phase 1 development as part of multi-phase expansion
• Awarding entity is international (Dubai, UAE)
• No related party involvement disclosed
• Project enhances L&T's regional credentials and potential future orders in GCC

Order details

• Awarding entity: unnamed Middle East client.
• Scope: EPCIC for multiple offshore facilities, with fabrication at LTE's facilities.
• Value: not disclosed.
• Geography: international client in the Middle East.
• Timeline: execution period not disclosed.
• Contract type: EPCIC with integrated execution capabilities.
• Strategic impact: strengthens LTEH Offshore's regional position.

Order details

• Customer: Together AI, a US-based AI cloud innovator.
• Scope: Build NVIDIA B300 AI Factory infrastructure at Vyoma Chennai data centre.
• Capacity: 10,000 B300 GPUs; Phase 1 design 250 MW, 150 MVA readiness.
• Value: Indicative order size ₹10,000–₹15,000 crore.
• Timeline: execution timeline not disclosed.
• Awarding entity: Together AI (US-based).
• Related party: Vyoma.AI is an L&T subsidiary; arm's-length status not stated.
• Impact: milestone in L&T's Gigawatt AI Infrastructure Mission; strengthens India's AI infra.
• Location: Chennai data centre campus.
• Contract type/terms: not specified.

ESG rating update

• NSE Ratings assigned ESG score 62 in 'Adequate' category to Larsen & Toubro for FY2025.
• FY2025 ESG score rose from 59 in the prior year.
• L&T did not engage NSE Ratings; rating based on publicly available data.

Order details

• Awarding entity: ONGC (domestic), India.
• Scope: EPCIC for PRP-X subsea pipelines with modifications and four Well Head Platforms.
• Value: Major order in ₹5,000–₹10,000 crore range.
• Nature: Offshore EPCIC projects located off India's west coast.
• Contract terms: EPCIC model including installation and commissioning.
• Related party: No related party involvement disclosed.

Board actions

• Board approved consolidated and standalone unaudited results for quarter ended June 30, 2026.

Merger proposal

• Scheme of amalgamation with L&T Power Development Limited approved; cancellation of transferor's shares on the effective date.

Key financials (Q1 FY27)

• Consolidated revenue ₹67,942 crore; PAT ₹4,123 crore; international revenue 51%.

Key financials (standalone)

• Standalone revenue ₹36,024 crore; standalone PAT ₹4,455 crore.

Order inflows and book

• Group order inflows ₹108,014 crore; consolidated order book ₹778,954 crore; international orders 56%.

Regulatory/approvals

• Merger subject to approvals including NCLT sanction and other regulatory approvals.

Meeting Details

• 12 Aug 2026 — Emkay Confluence 2026, Mumbai; 09:00; In-person; Investor Group.
• 17 Aug 2026 — Motilal Oswal 22nd Annual Global Investor Conference, Mumbai; 09:00; In-person; Investor Group.
• 01 Sep 2026 — Elara India Dialogue, Mumbai; 09:00; In-person; Investor Group.
• 10 Sep 2026 — UBS India Summit, Mumbai; 09:00; In-person; Investor Group.
• 17 Sep 2026 — Jefferies India Forum, Gurgaon; 09:00; In-person; Investor Group.

Participants

• Company presentation by Investor Relations/Management team.

Purpose

• Investor interaction; presentation to align with published company presentation.

Additional Notes

• Presentation to be available on company and exchange websites.