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Infrastructure Developers & Operators, Mid Cap

Larsen & Toubro (L&T) has entered a strategic collaboration with France-based Exail to deliver an advanced Unmanned Mine Counter-Measure (MCM) Suite for the Indian Navy's Mine Counter Measure Vessels (MCMVs) programme.

L&T and Exail will together provide the Indian Navy with a state-of-the-art Unmanned MCM Suit, incorporating autonomous and remotely operated systems designed to detect, classify, identify and neutralise naval mines in a safe, stand-off manner.

L&T, as the prime contractor, will offer the Unmanned MCM Suite to all shipyards participating in Indian Navy's upcoming programme for 12 Mine Counter Measure Vessels. Exail will serve as the technology partner.

The partnership will enable the delivery of Exail's globally proven MCM technologies, already in operation with several navies worldwide and validated through extensive real-world deployments. The collaboration represents a major step towards strengthening India's mine countermeasure capabilities, enhancing maritime security and reinforcing Indo-French defence cooperation, while building a robust and self-reliant naval defence manufacturing ecosystem in India.

Commenting on the development, Arun Ramchandani, Senior VP & Head -Precision Engineering & Systems, L&T, said: ?This partnership brings together L&T, with its extensive defence products legacy and maritime capabilities, and Exail, a global leader in unmanned maritime systems and mine warfare technologies. Exail contributes decades of proven operational expertise, while L&T leverages its strengths in defence engineering, indigenous manufacturing, complex system integration and lifecycle support?.

The Power Transmission & Distribution (PT&D) business vertical of Larsen & Toubro has secured a batch of EPC orders from prestigious clients in the Middle East for setting up extra-high voltage substations. According to the company's project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore.

The orders pertain to constructing one 380 kV substation and two 132 kV substations. These high-capacity substations will ensure availability of reliable power to large load centres and decongest grids, thereby enabling them to meet the growing demands.

The orders have been awarded to PT&D on turnkey basis and are to be delivered against stringent timelines.

According to L&T?s internal classification, the value of this ?significant? contract lies between Rs 1,000 crore to Rs 2,500 crore.

The orders include the construction of one 380 kV substation and two 132 kV substations on a turnkey basis. The projects are aimed at ensuring reliable power supply to large load centres and easing grid congestion to meet rising electricity demand.

The company said the projects will be executed under stringent timelines.

L&T?s PT&D business provides technology-driven EPC solutions and digital energy services across the transmission and distribution value chain, including smart grid networks and last-mile electrification.

The business caters to utilities, renewable energy developers, and industrial and infrastructure customers across more than 30 countries spanning the SAARC, ASEAN, Middle East, Africa, North America and CIS regions.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.

The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25.

The scrip rose 0.39% to currently trade at Rs 3,871.80 on the BSE.

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BCGCL is a joint venture of Coal India and Bharat Heavy Electricals , set up for a coal-to-ammonium-nitrate project in Odisha.

According to L&T?s internal classification, the value of this ?significant? contract lies between Rs 1,000 crore to Rs 2,500 crore.

The order, under Lump Sum Turnkey Package-3, strengthens L&T?s position in clean syngas-based ammonia synthesis, a key component in the coal-to-chemicals value chain.

The ammonia plant will support downstream production of nitric acid and ammonium nitrate, aimed at improving operational efficiency, process reliability, and integrated plant operations.

L&T Onshore will execute the ammonia synthesis unit leveraging its expertise in fertilisers, gas processing, and chemical EPC. The scope of work includes process licensing, basic and detailed engineering, procurement, construction, commissioning, performance guarantee tests, and final handover on an LSTK basis with single-point responsibility.

Commenting on the order win, Subramanian Sarma, Deputy Managing Director & President - L&T, said: ?Gasification-based downstream chemical infrastructure is central to India?s self-reliance agenda. This significant order reinforces L&T?s role as a trusted EPC partner for technologically complex and nationally important projects. The development of indigenous ammonia capacity through coal-based routes strengthens supply resilience and supports downstream industrial ecosystems?.

E S Sathyanarayanan, Senior Vice President & Head of L&T Onshore and Member of L&T?s Executive Committee, said: ?The ammonia plant is a critical component of the coalto-chemicals value chain. Our proven capabilities in executing ammonia and fertiliser plants enable the efficient delivery of such technology-intensive assets, ensuring consistent product quality, operational reliability and long-term performance?.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.

The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25.

The scrip fell 1.31% to currently trade at Rs 3,969.90 on the BSE.

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