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The latest update is out from Larsen & Toubro Limited ( (IN:LT) ).
L&T’s Minerals & Metals business has secured its largest-ever order in India’s domestic metals sector from JSW Steel, underscoring the conglomerate’s strength in executing large, complex metallurgical projects. The contract, classified as a “Mega” order, covers comprehensive engineering, procurement and installation of critical assets such as blast furnaces and steel melt shops across multiple brownfield and greenfield expansions, mainly at JSW’s Ballari and Paradip facilities.
The win deepens L&T’s three-decade partnership with JSW Steel and aligns with JSW’s strategy to raise crude steel processing capacity from 35 million tonnes per annum to over 50 MTPA by 2031, reinforcing both firms’ roles in India’s push to become a global steel powerhouse. Company executives said the mandate validates L&T’s technological and execution capabilities, strengthens its leadership in the metallurgical EPC space and positions it to set higher benchmarks for project delivery, sustainability and innovation in the metals industry.
More about Larsen & Toubro Limited
Larsen & Toubro Limited is a USD 32 billion Indian multinational conglomerate engaged in engineering, procurement and construction (EPC) projects, hi-tech manufacturing, products and services across diverse sectors and geographies. With a strong focus on AI, technology and quality, L&T has built and sustained leadership positions in its core businesses over eight decades, serving infrastructure, industrial and heavy engineering markets worldwide.
Average Trading Volume: 334,585
Technical Sentiment Signal: Strong Buy
Current Market Cap: 5640.4B INR
For an in-depth examination of LT stock, go to TipRanks’ Overview page.