L&T wins orders worth up to ₹10,000 crore from SAIL and others; Stock hits 52-week high intraday

Larsen and Toubro (L&T) Ltd.on Friday, January 2, said its minerals and metals business vertical has won "major" orders from the Steel Authority of India Ltd. (SAIL) and others.

L&T classifies orders in the ₹5,000 crore to ₹10,000 crore range as "major".

The contracts are for engineering procurement and construction (EPC) projects and products in the domestic metals sector.

L&T and SAIL have partnered on various project across India over several decades.

SAIL is planning to increase crude steel capacity of of the IISCO Steel Plant at Burnpur in West Bengal from 2.5 MTPA to 6.5 MTPA. As part of this, L&T's minerals and metals business has been awarded the complete engineering, procurement and installation package for critical process plants, including the coke oven battery, by-product plant, basic oxygen furnace and a specialised equipment package for material handling, which together form the core of the new steel complex, the company said.

Also, SAIL's Bokaro Steel Plant in Jharkhand is undergoing a major upstream expansion, which L&T has won a package to establish Sinter Plant 2, it said.

The minerals and metals business has also secured multiple orders for specialised material handling equipment including stacker reclaimers and wagon tipplers, from various clients across the country, it added.

Recently, L&T won three orders, collectively worth ₹15,000 crore, in four days.

The stock was up 0.2% at ₹4,152.1 apiece around 11.09 am on Friday. The stock has gained 11.8% in 2025.

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