Larsen and Toubro Shares Slump Despite Order from Middle East 

October 13, 2025October 13, 2025

Shares of Larsen & Toubro Ltd (L&T) were trading in the red and 1% lower on Monday, 13 October, after the company announced that its Power Transmission & Distribution (PT&D) unit has acquired a series of ‘major’ grid infrastructure orders totaling Rs 2,500 crore to Rs 5,000 crore in the Middle East.  

The new orders include major projects in the UAE, Saudi Arabia, and other Gulf countries. L&T has a significant presence in the region’s power transmission and renewable integration markets. The Indian EPC major considers orders ranging from Rs 2,500 to 5,000 crore to be ‘big’.

One of the major projects is for the construction of a 400kV substation in the UAE as part of the ongoing 400kV super grid connectivity between the energy networks of Gulf Cooperation Council (GCC) member states. The project will create a direct 400kV link between Oman and the rest of the GCC grid, increasing regional energy security and allowing for more efficient use of generation capacity.

L&T has also obtained contracts for a number of new 132kV substations in the Middle East to help meet increased electricity demand. In Saudi Arabia, the company obtained an order for turnkey construction of 380kV overhead transmission lines in conjunction with the integration of renewable energy generating plants.

L&T, an Indian multinational worth $30 billion, said the wins confirm its leadership in the global EPC arena and its sustained commitment to cross-border energy infrastructure development.

At 12:51 pm, the shares of Larsen and Toubro were trading 0.57% lower at Rs 3,762.50 on NSE. 

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!