L&T Begins Work on New Tashkent Airport Project; Shares Rise 1.60%

Mumbai, October 19: Larsen & Toubro (L&T) has commenced initial activities for the New Tashkent International Airport project in Uzbekistan after receiving a Limited Notice to Proceed (LNTP) from the public-private partnership consortium developing the airport. L&T shares were trading 1.60% higher at ₹3,685 on Monday.

L&T New Tashkent Airport Project Details

L&T’s Public Spaces, Airports and Health (PAH) business vertical received the LNTP following the execution of an engineering, procurement and construction (EPC) contract for the passenger terminal and associated landside infrastructure.

The company has started engineering, detailed design, planning and procurement preparation. The full Notice to Proceed, which will allow construction activities at the site to begin, is expected after the consortium fulfils the agreed contractual conditions.

The airport is planned to accommodate approximately 17 million passengers annually. L&T’s scope includes site grading, road infrastructure, structural works, architectural finishes, mechanical, electrical and plumbing services, utilities and the installation of advanced airport systems.

The greenfield development is intended to strengthen Uzbekistan’s aviation infrastructure and improve connectivity between East and West, as well as North and South. L&T has classified the project as an ultra-mega project, placing it in the category of projects valued above ₹15,000 crore. The company has not disclosed the specific contract value in the announcement.

Stock Market Snapshot

The L&T share price was trading 1.60% higher at ₹3,685 on Monday, October 19, compared with the previous close of ₹3,627.10. The stock opened at ₹3,649.

The airport project adds to L&T’s international infrastructure portfolio and highlights its presence in large-scale airport development. Construction timelines and further project execution details will depend on the issuance of the full Notice to Proceed.

About Larsen & Toubro

Larsen & Toubro Limited is an Indian multinational engaged in engineering, procurement and construction, high-tech manufacturing and services across multiple sectors and geographies.

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Conclusion

L&T has started preliminary work on the New Tashkent International Airport project after receiving the Limited Notice to Proceed. The development is a significant infrastructure opportunity, with construction activities expected to follow once the remaining contractual conditions are met.

Source:

• https://www.nseindia.com/get-quote/equity/LT/Larsen-&-Toubro-Limited
• https://nsearchives.nseindia.com/corporate/PAM_19102026101805_PressRelease19102026.pdf