Larsen & Toubro (L&T) has announced the acquisition of several “Major” EPC orders through its Power Transmission & Distribution (PT&D) vertical, spanning both Indian and international markets. These projects, valued between ₹5,000 crore and ₹10,000 crore, focus on critical grid modernization and the establishment of high-voltage electricity infrastructure. The announcement, dated February 25, 2026, underscores the company’s continued dominance in the global infrastructure landscape.+4

In India, the scope of work involves the design and construction of two 220 kV Gas Insulated Substations in West Bengal’s industrial belt, including associated transmission lines with multi-circuit towers. Internationally, L&T secured turnkey projects in three Middle Eastern countries for five substations and over 250 km of transmission lines up to the 500 kV level. Notably, one Middle Eastern project includes the installation of a 400 kV underground cable system to meet surging regional energy demands.+2

Larsen & Toubro is a USD 30 billion multinational conglomerate specializing in EPC projects, high-tech manufacturing, and services. Throughout 2025, the company remained a favorite among analysts due to its massive order book, which consistently hit record highs driven by infrastructure spends in India and the GCC region. Recent updates from late 2025 highlighted L&T’s strategic pivot toward green hydrogen and semiconductor chip design, marking its entry into future-ready technology sectors while maintaining its leadership in traditional heavy engineering.

For the last reported quarterly financial results in 2025, L&T demonstrated robust growth, with consolidated revenue often showing double-digit increases year-over-year, frequently exceeding ₹50,000 crore per quarter. Net profit margins remained resilient despite fluctuating commodity costs, supported by strong execution in the international business segment. The company remains a cornerstone in the portfolios of famous institutional investors and high-net-worth individuals, often cited by market veterans like Rakesh Jhunjhunwala’s estate-managed funds as a proxy for India’s capital expenditure cycle.