Rs 6+ lakh crore order book: Larsen & Toubro partners with the Indian Army
DSIJ Intelligence-1Categories: Mindshare, Trending
The stock is up by 40.50 per cent from its 52-week low and has given multibagger returns of over 200 per cent in the last 5 years.
Larsen & Toubro has secured a supply order from the Indian Army's Corps of Electronics and Mechanical Engineers (EME) for the overhaul, upgrade, and obsolescence management of the indigenous Pinaka Multi-Rocket Launcher Systems. This partnership represents a shift toward a structured, lifecycle-based sustenance framework for frontline artillery. By addressing outdated components and upgrading critical sub-systems, the program aims to significantly enhance the long-term operational availability and modernisation of the Pinaka regiments currently in service.
The initiative will be executed through a collaborative Public-Private Partnership model involving the 510 Army Base Workshop (ABW). In the initial phase, L&T and the 510 ABW will jointly conduct a pilot overhaul of a Pinaka Launcher and Battery Command Post. Following the successful pilot, the Army Base Workshop will lead the remaining overhauls using their internal domain expertise, while L&T provides the necessary critical spares, technical support, and quality oversight to ensure the systems remain future-ready.
As a long-standing development partner to the DRDO and the Indian Army, L&T’s involvement in this program aligns with the vision of Aatmanirbhar Bharat by leveraging domestic design and manufacturing capabilities. This model of industry-army collaboration is expected to serve as a blueprint for the lifecycle management of other Defence platforms. By moving away from conventional maintenance toward integrated indigenous support, the partnership strengthens the self-Reliance of India's defence ecosystem.
About the Company
Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and Construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and defence. They also manufacture custom-designed machinery for these industries and even have a Real Estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.
The company has a market cap of over Rs 5 lakh crore and has been maintaining a healthy dividend payout of 33 per cent. Life Insurance Corporation of India (LIC) owns a 13.60 per cent stake in the company as of June 2025. The company has a robust Order Book valued at Rs 6,12,800 crore as of June 30, 2025. The stock is up by 40.50 per cent from its 52-week low and has given multibagger returns of over 200 per cent in the last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.