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Infrastructure Developers & Operators, Mid Cap

Larsen & Toubro (L&T) has been awarded a supply order by the Corps of Electronics and Mechanical Engineers (EME) of the Indian Army, for the overhaul, upgrade and obsolescence management of the indigenous Pinaka Multi-Rocket Launcher Systems.

This unique partnership between a domestic private OEM (Original Equipment Manufacturer) and the Indian Army, for sustenance of frontline artillery systems, is a significant step for product lifecycle support of Made-in-India, in-service Artillery systems.

The partnership with the Corps of EME of the Indian Army aims to enhance long term operational availability and modernisation of Pinaka regiments currently in service with the Indian Army. The programme will focus on managing outdated components, upgrading critical sub-systems and providing sustained technical support to the Army Base Workshops. This affiliation shall also re-enforce Public Private Partnership model in defence sustenance and lifecycle support for frontline artillery systems.

Under this initiative, 510 Army Base Workshop (ABW) EME will undertake overhaul and upgrade of critical electronics and systems, utilising the extensive domain knowledge inherent in Army Base Workshop. L&T, as the OEM, shall supply critical spares and support the modernisation of sub-systems, enabling a shift from conventional maintenance practices to a structured, lifecycle-based sustenance and upgrade framework.

In the initial phase, L&T shall jointly undertake a pilot overhaul of Pinaka Launcher and Battery Command Post in collaboration with 510 ABW. Upon successful completion of the pilot phase, remaining systems shall be overhauled by 510 ABW of the Corps of EME, with L&T continuing to provide critical spares, technical support and quality oversight.

This model is expected to serve as a blueprint for similar lifecycle management and upgrade programmes across other defence platforms, strengthening India's self reliant and future-ready defence ecosystem. The approach aligns with the Aatmanirbhar Bharat vision, by leveraging indigenous design, manufacturing and systems integration capabilities.

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The program involves lifecycle support and modernization of in-service Pinaka regiments. Under the arrangement, 510 Army Base Workshop (ABW) of the Corps of EME will carry out overhauls and upgrades, while L&T, as the OEM, will supply critical spares and provide technical and quality support.

In the initial phase, L&T and 510 ABW will jointly undertake a pilot overhaul of Pinaka Launchers and Battery Command Posts, after which the remaining systems will be overhauled by 510 ABW. The initiative reinforces the public-private partnership model in defence sustenance and aligns with the Aatmanirbhar Bharat program.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 15.6% jump in consolidated net profit to Rs 3,926.09 crore on a 10.4% increase in revenue from operations to Rs 67,983.53 crore in Q2 FY26 over Q2 FY25.

Shares of Larsen & Toubro shed 0.23% to Rs 4,158.10 on the BSE.

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Larsen & Toubro has incorporated a wholly owned subsidiary viz, ?SuFin? on 02 January 2026. This intimation is being issued by the Company, pursuant to receipt of Certificate of Incorporation of SuFin from Ministry of Corporate Affairs on 07 January 2026.

SuFin is formed for the purpose of engaging in wholesale trade through e-commerce. Sufin has been formed primarily to continue the current Sufin Business carried by the Company on the terms to be agreed in future.

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The company said the intimation follows the receipt of the certificate of incorporation from the Ministry of Corporate Affairs on 7 January 2026.

SuFin has been incorporated to engage in wholesale trade through e-commerce and will primarily continue the existing SuFin business currently operated by L&T, subject to terms to be agreed in the future.

Larsen & Toubro, along with its nominee shareholders, has subscribed to 100% of the equity share capital of SuFin Limited, amounting to Rs 5 lakh. Consequently, the entire shareholding of the new entity is held by L&T.

SuFin has an authorised share capital of Rs 5 lakh, comprising 50,000 equity shares of Rs 10 each. The subscribed and paid-up capital of Rs 5 lakh has been fully subscribed by Larsen & Toubro along with its nominee shareholders.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 15.6% jump in consolidated net profit to Rs 3,926.09 crore on a 10.4% increase in revenue from operations to Rs 67,983.53 crore in Q2 FY26 over Q2 FY25.

Shares of Larsen & Toubro rose 0.04% to currently trade at Rs 4,143 on the BSE.

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