L&T wins order worth up to ₹10,000 crore from BPCL for its Hydrocarbon business

Larsen & Toubro Ltd. (L&T), India's largest infrastructure conglomerate, announced on Tuesday, December 23, that its Hydrocarbon business has won a major order from state-run Bharat Petroleum Corporation Ltd

. (BPCL).

L&T classifies an order, whose value ranges from ₹5,000 crore to ₹10,000 crore as a "major" order.

The scope of the order encompasses engineering, procurement, construction, commissioning of a linear low-density polyethylene, high-density polyethylene swing unit, comprising of two trains of 575 KTPA each at Madhya Pradesh's Bina.

L&T Onshore will be executing the order on a Lump Sum Turnkey basis, which will be India's largest LLDPE / HDPE swing unit.

The project is an integral part of BPCL's Bina refinery expansion project, which aims to set up a petrochemical complex and enhance refinery capacity from 7.8 MTPA to 11 MTPA.

"This is a major order that will not only strengthen our balance sheet but also provide impetus to our demonstrated credentials in downstream hydrocarbon EPC space," Subramanian Sarma, Deputy Managing Director and President of L&T was quoted as saying.

Last week, L&T's buildings and factories business had won large orders from the Madhya Pradesh State Tourism Development Corporation. The company classifies those orders, which range from ₹2,500 crore to ₹5,000 crore as "large" ones.

Shares of L&T are currently trading 0.3% higher after the order win at ₹4,085. The stock is up 11.5% so far in 2025.