Rs 7.4 Lakh Crore Order Book: This Engineering Giant Stock Secures Its Largest-Ever Order in Domestic Metal Sector from JSW Steel

Larsen & Toubro’s Minerals & Metals (M&M) business vertical has secured its largest-ever order in the domestic metals sector, awarded by JSW Steel, in a mandate linked to the steelmaker’s long-term capacity expansion plans.

The contract forms part of JSW Steel’s strategy to raise its crude steel processing capacity from 35 million tonnes per annum (MTPA) to over 50 MTPA by 2031. Under the order, L&T’s M&M vertical will undertake comprehensive engineering, procurement and installation of critical process facilities, including Blast Furnaces and Steel Melt Shops.

The scope spans multiple brownfield and greenfield expansions, primarily at JSW Steel’s manufacturing sites in Ballari, Karnataka, and Paradip, Odisha. The facilities are central to enhancing crude steel output and strengthening downstream processing infrastructure.

L&T and JSW Steel share an association of more than three decades, having collaborated on complex metallurgical projects. The partnership has contributed to strengthening domestic steel production capabilities through large-scale engineering and execution.

Commenting on the development, D K Sen, Advisor to CMD, Development Projects & Minerals & Metals, L&T, said: “Securing the largest-ever order in the metals segment marks a defining moment for L&T’s Minerals & Metals business. Our long-standing partnership with JSW Steel reflects a shared commitment to scale, innovation and nation-building. These orders are not merely a testament to our engineering and execution capabilities, but also an affirmation of the trust placed in us to deliver assets of national significance. As India accelerates its journey towards becoming a global steel powerhouse, L&T remains committed to setting new benchmarks in project delivery, sustainability and technological excellence.”

T Kumaresan, Senior Vice President & Head – Minerals & Metals, L&T, added: “These prestigious wins further strengthen our leadership in executing large, complex metallurgical projects. Our ability to integrate technology, optimise project timelines and deliver with precision continues to differentiate us. We remain focused on partnering with JSW in shaping their growth through technology and on-time delivery.”

L&T share price is trading down by over 3 per cent as of 10:07 AM on Wednesday after company reported its Q4FY26 results. Consolidated net profit declined by 3 per cent YoY to Rs 5,326 crore. The year‑on‑year decline in Consolidated PAT is primarily attributable to an exceptional gain (net of Tax & NCI) of Rs 475 crore in the previous year.

The Board of Directors has recommended a final Dividend of Rs 38 per equity share, subject to shareholders approval.

The Larsen and Toubro (L&T) consolidated Order Book as on March 31, 2026, stood at an all-time high of Rs 7,40,327 crore, reflecting a 28 per cent growth over March 2025. International orders constituted 52 per cent of the overall order book.

About L&T
Larsen & Toubro Limited (L&T), incorporated on February 7, 1946, and headquartered in Mumbai, is a professionally managed Indian multinational engaged in engineering, procurement and Construction projects and hi-tech manufacturing across infrastructure, energy, oil & gas, metals and process industries. The Group operates in multiple international markets and, as at March 31, 2025, comprised 87 subsidiaries, 6 associate companies, 11 joint ventures and 36 jointly held operations

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