Shares of Larsen and Toubro (L&T) surged 2% and reached a 10-month high of Rs 3,843.90 on 15 October after the company secured multiple orders worth Rs 40,000 crore. 

In the past month, L&T has acquired seven new contracts worth around Rs 40,000 crore from various companies. The company has secured three huge orders, two substantial contracts, and one major and ultra-mega contract.

L&T’s Hydrocarbon Onshore division (L&T Energy Hydrocarbon Onshore) has secured an ultra-mega order to establish a Natural Gas Liquids plant in allied facilities in the Middle East. L&T obtained the contract in collaboration with Greece-based Consolidated Contractors Group S.A.L. (Offshore) (CCC).

L&T did not specify the exact value of the contracts, but according to the company’s specification, significant orders range from Rs 1,000 crore to Rs 2,500 crore, large orders from Rs 2,500 crore to Rs 5,000 crore, major orders between Rs 10,000 crore and Rs 15,000 crore, and ultra-mega contracts exceed Rs 15,000 crore.

L&T’s order backlog totalled Rs 6.1 trillion in Q1FY26. This momentum is projected to continue, as L&T received numerous major orders in Q2FY26 across segments. L&T has a huge ordering opportunity of Rs 14 trillion. 

Meanwhile, L&T Semiconductor Technologies (LTSCT) has entered into a long-term agreement with Foxconn subsidiary Hon Young Semiconductor (HYS) to jointly produce high-voltage semiconductor wafers (650V-3,300V) for automotive and industrial applications.  The arrangement also allows L&T Semiconductor to access HYS’s Taiwan-based facilities for engineering and wafer fabrication.

L&T continues to expand into semiconductor and power electronics, having previously acquired Fujitsu General Electronics’ power module business (Rs 118.3 crore) and SiliConch Systems (Rs 183 crore), as well as an R&D partnership with IBM to develop advanced processors.

This will allow LTSCT to expand its footprint in the fast-growing power semiconductor market, particularly in EVs, renewable energy inverters, and industrial motors.  

At 3:30 pm, the shares of Larsen and Toubro closed 2.12% higher at Rs 3,823.60 on NSE. 

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