L&T inches up on signing contract for ultra-mega gas compression project in Middle East
Larsen & Toubro is currently trading at Rs. 4088.90, up by 0.85 points or 0.02% from its previous closing of Rs. 4088.05 on the BSE.
The scrip opened at Rs. 4097.00 and has touched a high and low of Rs. 4106.40 and Rs. 4086.00 respectively. So far 14640 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4440.00 on 24-Feb-2026 and a 52 week low of Rs. 3288.65 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 4,106.40 and Rs. 4,023.90 respectively. The current market cap of the company is Rs. 563100.71 crore.
The Institutions and Non-Institutions held 62.39% and 37.60% respectively.
Larsen & Toubro (L&T) has signed a contract for undertaking a gas compression facilities project for a prestigious client in the Middle East following a letter of award issued in FY26. The company has signed the contract through its EPC businesses -- L&T Energy Hydrocarbon Onshore (LTEH Onshore). L&T has categorized this as an ultra-mega contract, with a value above Rs 15,000 crore.
The project involves the engineering, procurement and construction (EPC) of gas compression plants, comprising gas inlet facilities, gas compression systems, condensate and produced water handling systems, propane refrigeration systems and all associated utilities. The facilities will be developed for new onshore installations to process sour gas in compliance with applicable client standards, codes and project requirements.
To meet the power requirements of the gas compression plants, L&T’s Power Transmission & Distribution business will execute two 230 kV extra-high-voltage substations.
