L&T Secures Second 'Large' Order in Three Days from Petronet LNG; Shares Gain

• Larsen & Toubro (L&T) secured a "large" order from Petronet LNG for storage tanks at Dahej Petrochemical Complex, Gujarat.
• The order, valued between ₹2,500 crore to ₹5,000 crore, is for LNG/ethane and propane double-wall storage tanks.
• This marks L&T's second "large" order in three days, following a 3,000 MW Saidongar-1 Pumped Storage Project in Raigad, Maharashtra, from Torrent Energy Storage Solutions Pvt. Ltd.
• The Dahej project is India's first petrochemical complex integrating cold energy utilisation from an LNG terminal.
• L&T shares gained 1.1% to ₹3,908.6 apiece, despite recent concerns over potential project cancellations in Kuwait.

Why It Matters: L&T's shares rose after securing a significant storage tank order, marking its second large win this week.