L&T Secures Major SAIL Orders Up To ₹10,000 Cr; Stock Hits 52-Week High

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CNBC TV18•02-01-2026, 11:23
L&T Secures Major SAIL Orders Up To ₹10,000 Cr; Stock Hits 52-Week High
- •Larsen and Toubro (L&T) won "major" orders, valued between ₹5,000 crore and ₹10,000 crore, from Steel Authority of India Ltd. (SAIL) and other clients.
- •The contracts involve engineering, procurement, and construction (EPC) projects and products for the domestic metals sector.
- •For SAIL's IISCO Steel Plant in Burnpur, West Bengal, L&T will provide complete engineering and installation for critical process plants to expand crude steel capacity from 2.5 MTPA to 6.5 MTPA.
- •L&T also secured a package for Sinter Plant 2 at SAIL's Bokaro Steel Plant in Jharkhand, supporting its major upstream expansion.
- •The company's stock reacted positively, hitting a 52-week high intraday and gaining 11.8% in 2025.
Why It Matters: L&T's major orders from SAIL and others, valued up to ₹10,000 crore, boost its stock to a 52-week high.
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