Larsen & Toubro Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Mid Cap

The Indian Army has signed a contract for the procurement of BvS10 Sindhu vehicles from Larsen & Toubro (L&T), who teamed with BAE Systems on the programme. Under the contract, L&T will indigenously produce the BvS10 Sindhu at its Armoured Systems Complex in Hazira with technical and design support from BAE Systems H?gglunds, the original manufacturer of the BvS10 platform. The contract also includes a comprehensive integrated logistics support package for initial deployment, maintenance, and life-cycle sustainment.

The BvS10 Sindhu is an upgraded variant of the proven BvS10 articulated all-terrain vehicle with adaptations tailored specifically for India's terrain and climate, including high altitude, desert, marshland, and amphibious environments. The upgraded vehicle successfully competed in and flawlessly completed a series of demanding trials demonstrating exceptional performance in both sea-level environments and high-altitude regions.

The BvS10 Sindhu programme will deliver enhanced operational, strategic and tactical mobility to the Indian Army's diverse deployment scenarios while also supporting India's efforts to modernise its military capability. This award highlights L&T and BAE Systems as key partners to India, providing the country with advanced mobility platforms while also reinforcing its growing industrial self-reliance in defence manufacturing, increasing resilience and security of supply.

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Larsen & Toubro announced that MSCI ESG Ratings has upgraded the Company's rating from ?BBB? to ?A?.

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The consortium of L&T and Bharat Electronics (BEL), which is pursuing India's 5th Generation Fighter Aircraft (AMCA), is announced the onboarding of Dynamatic Technologies (DTL), as an exclusive partner for the programme.

This collaboration will combine DTL's global expertise in complex aerostructures and sub systems manufacture for leading aerospace original equipment manufacturers, with L&T's engineering excellence and BEL's cutting-edge electronics expertise. This synergy brings unique strength to AMCA's development and boosts domestic capabilities in advanced aerospace manufacturing.

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 The Heavy Engineering business vertical of L&T today signed a Memorandum of Understanding (MoU) with the US-based nuclear energy solutions provider Holtec International's Asia arm, to offer design & build solutions for Heat Transfer Equipment.

L&T is already into a partnership with Holtec for global deployment of SMR-300 (Small Modular Reactor) designed by Holtec. This is supported by the prestigious 810 Authorisation granted to L&T by the US's Department of Energy. The latest MoU builds upon this partnership.

The strategic collaboration will combine L&T's world-class nuclear manufacturing capabilities and Holtec's pioneering design expertise, to deliver cutting-edge solutions for nuclear and thermal power plants worldwide, especially Heat Transfer Solutions for conventional power plant island and balance of plant.

Together, L&T and Holtec will drive the development of reliable, resilient technology that can optimise thermal regulation, maximise cycle efficiency and ensure reliable operation of power plants, thus contributing to global energy transition.

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