Larsen & Toubro Wins Mega EPC Orders Valued Up to ₹15,000 Crore Across India, Saudi Arabia and UAE

Engineering and construction conglomerate Larsen & Toubro (L&T) announced on Monday that its Power Transmission & Distribution (PT&D) business vertical has clinched multiple mega-category engineering, procurement, and construction (EPC) orders across domestic and international markets. Under L&T’s internal classification framework, contracts designated as "mega" are valued between ₹10,000 crore and ₹15,000 crore.

The new project wins span India, Saudi Arabia, and the United Arab Emirates (UAE), aimed at augmenting high-voltage transmission networks and supporting renewable energy evacuation into national power grids. Following the disclosure, shares of L&T moved higher on the National Stock Exchange (NSE), touching an intraday high of ₹3,745.50 before trading around ₹3,730.50.

Breakdown of the Order Wins

The newly bagged contracts reflect a blend of domestic grid integration projects and international extra-high-voltage network buildouts:

Key Contract Details:

• India: L&T secured a contract from a leading private sector developer to establish a comprehensive transmission system—comprising high-voltage transmission lines and substations—in Visakhapatnam, designed specifically to facilitate renewable energy evacuation and inter-grid connectivity.
• Saudi Arabia: The PT&D division secured contracts within the 380 kV transmission line and substation segments. The installations will expand transmission capacity and support the kingdom's grid expansion as part of ongoing clean energy integration.
• United Arab Emirates: The business won turnkey EPC orders covering the construction of 132/11 kV substations along with associated underground cabling works to connect urban load centres and improve overall grid reliability.

Commenting on the contract wins, Joji Sebastian, Executive Vice President & Head of PT&D at L&T, stated that the orders demonstrate the division's execution depth across geographies amid surging global capital expenditure on grid modernization and clean power infrastructure.

Strategic Significance for Indian Investors

The transmission order inflow provides substantial revenue visibility for L&T's core infrastructure portfolio. As of June 30, 2026, L&T reported a record consolidated order book of ₹7.79 lakh crore, up 27% year-on-year, driven by robust domestic capex and accelerated order flows from West Asia.

The latest wins indicate sustained execution momentum in the Middle East power corridor alongside continuous opportunities in India's domestic renewable transmission sector. With utilities globally ramping up investments to connect utility-scale green energy projects with load centers, L&T's specialized capabilities in extra-high-voltage systems and turnkey substation networks continue to serve as a major earnings catalyst.

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