L&T Bags ₹2,500–₹5,000 Crore Power Transmission Orders in Saudi Arabia; Stock Reaches 52-Week High of ₹4,016.70

Mumbai, October 29, 2025 – Larsen & Toubro Ltd shares (NSE: LT, BSE: 500510) gained 0.66% in morning trade on Wednesday, hitting a fresh 52-week high of ₹4,016.70. This surge came after the firm announced winning big power transmission and distribution orders in Saudi Arabia.

Big Order Win in Saudi Arabia

L&T’s Power Transmission & Distribution (PT&D) division has won several grid infrastructure contracts worth between ₹2,500 crore and ₹5,000 crore, classified under the company’s “Large” order category. The contracts were secured from a major Saudi Arabian utility as part of the country’s drive to modernize the power sector and integrate renewables under the National Renewable Energy Programme (NREP).

Project Scope and Technical Highlights

The contract entails the setting up of a 380/33 kV Gas Insulated Substation (GIS) with – hybrid switchgear, high voltage transformers, reactors, and sophisticated control systems. Besides, L&T will also implement more than 420 km of 380 kV overhead transmission links – which will greatly improve Saudi Arabia’s power evacuation and grid resilience infrastructure. The projects are in line with the nation’s Vision 2030 strategy to boost renewable energy penetration and stability within the grid.

Market Reaction and Stock Performance

After the announcement, L&T stock rose to a record ₹4,016.70, indicative of robust investor confidence fueled by the company’s healthy international order book. At 11:51 am IST, the stock was trading at ₹3,960.80, 0.30% lower than yesterday’s close of ₹3,972.80. The day’s turnover was 3.32 lakh shares and traded value was ₹132.83 crore. L&T’s market capitalization at present stands at ₹5.49 lakh crore, indicating its leadership in India’s infrastructure and EPC segment.

Larsen & Toubro Ltd is a USD 30 billion Indian multinational conglomerate involved in engineering, procurement, and construction (EPC) projects, high-technology manufacturing, and technology services. With a global presence in over 50 countries, the company continues to be a prominent player in power transmission, heavy engineering, defense, and IT services through subsidiaries like L&T Technology Services and L&T Infotech.

REF: https://nsearchives.nseindia.com/corporate/PAM_29102025094615_PressRelease29102025.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations