Larsen & Toubro Limited Secures Mega Metals Order

Mumbai, May 6: Larsen & Toubro Limited said its Minerals & Metals business vertical has secured a mega order from JSW Steel Limited for large-scale steel sector expansion projects in India, according to an exchange filing.

Despite the order win, L&T shares traded lower during the May 6 session as broader market weakness weighed on investor sentiment.

L&T Wins Major Steel Expansion Contract From JSW Steel

The engineering and infrastructure major informed the Bombay Stock Exchange and the National Stock Exchange of India that the contract was awarded to its Minerals & Metals business vertical by JSW Steel.

According to a company release, the project involves engineering, procurement and installation of key process facilities linked to JSW Steel’s crude steel expansion plans.

The scope of work includes blast furnaces and steel melt shop facilities across multiple brownfield and greenfield expansion projects at JSW Steel’s sites in Ballari, Karnataka, and Paradip, Odisha.

L&T said JSW Steel is working toward increasing its crude steel processing capacity from 35 million tonnes per annum to more than 50 million tonnes per annum by 2031.

The company classified the contract under its “Mega” order category, which refers to projects valued between ₹10,000 crore and ₹15,000 crore under its internal classification norms.

L&T also said the latest contract further strengthens its more than three-decade relationship with JSW Steel in metallurgical project execution.

The order comes amid continued capacity expansion across India’s steel sector as major producers ramp up investments to meet long-term infrastructure and industrial demand.

Stock Market Snapshot

Shares of Larsen & Toubro traded lower despite the announcement of the large order win. The stock was quoted at ₹3,932.90 on the NSE, down 3% at 11:19 a.m. IST on May 6, according to market data.

The stock opened at ₹3,974 and slipped to an low of ₹3,900 during the trading session.

Investors tracked broader market weakness along with order inflows, execution visibility and potential revenue contribution from large industrial projects secured by the company.

L&T Maintains Strong Presence in Industrial Projects

Larsen & Toubro Limited operates across engineering, procurement and construction, manufacturing, technology services and infrastructure development businesses.

The company has a significant presence in industrial project execution across steel, hydrocarbons, power, transportation and heavy engineering sectors in both domestic and international markets.

Its Minerals & Metals division handles metallurgical projects involving iron-making, steel-making and related process infrastructure for major steel manufacturers.

Conclusion

The latest mega order from JSW Steel strengthens L&T’s industrial order pipeline and deepens its involvement in India’s ongoing steel sector expansion cycle.

Investors are expected to remain focused on execution timelines, future order inflows and margin performance as large infrastructure and industrial projects continue to drive growth visibility for the company.

Source:

• https://www.nseindia.com/get-quote/equity/LT/Larsen-&-Toubro-Limited
• https://nsearchives.nseindia.com/corporate/PAM_06052026093049_PressRelease06052026.pdf