Rs 6,12,800 Crore Order Book: L&T wins Orders Major for Minerals & Metals Business from Steel Authority of India Ltd

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Rs 6,12,800 Crore Order Book: L&T wins Orders Major for Minerals & Metals Business from Steel Authority of India Ltd

The stock is up by 40.60 per cent from its 52-week low and has given multibagger returns of over 225 per cent in the last 5 years.

Larsen & Toubro’s Minerals & Metals (M&M) business has secured major engineering, procurement, and Construction (EPC) orders valued between Rs 5,000 crore and Rs 10,000 crore, primarily driven by a strengthened partnership with the Steel Authority of India Limited (SAIL). A central component of these awards involves the massive expansion of the IISCO Steel Plant in Burnpur, West Bengal, where SAIL aims to increase crude steel capacity from 2.5 MTPA to 6.5 MTPA. L&T will deliver critical infrastructure for this project, including the Coke Oven Battery, By-Product Plant, and Basic Oxygen Furnace, which serve as the foundational elements of the new steel complex.

Beyond the Burnpur expansion, L&T has been commissioned to establish Sinter Plant #2 at the Bokaro Steel Plant in Jharkhand as part of a significant upstream modernisation effort. The M&M vertical also secured several domestic orders for specialised material handling equipment, such as Stacker Reclaimers and Wagon Tipplers, from various industrial clients. These projects underscore L&T's technical expertise in executing complex metallurgical developments and its ongoing role in scaling India's domestic steel manufacturing capacity through advanced, large-scale industrial solutions.

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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 5.50 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 40.60 per cent from its 52-week low and has given multibagger returns of over 225 per cent in the last 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.