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L&T shares fall 6% after Iran war raises worries on Middle East exposureAn L&T spokesperson said the Middle East is a strategically significant market for the company, with a deep and long-standing business presence across the region spanning energy, renewables, infrastructure and technology.By Shloka Badkar  March 2, 2026, 11:59:23 AM IST (Updated)3 Min ReadShares of Larsen and Toubro (L&T) Ltd. declined 6% in early trade on Monday, March 2, in the wake of the Iran-Israel-US War, which started over the weekend.

L&T, which is India's largest infrastructure company, has significant exposure to the Middle East.

As much as ₹3.6 lakh crore or 49% of its consolidated order book came from the international business. And of this, over 80% came from the UAE and Saudi Arabia and the Middle East region. L&T has a 37% order book exposure to the Middle East and 33% to order inflows in the first nine months of the financial year 2026, as per JM Financial.

An L&T spokesperson said the Middle East is a strategically significant market for the company, with a deep and long-standing business presence across the region spanning energy, renewables, infrastructure and technology.

The company said it is closely monitoring the situation and has confirmed that all its employees, workers and assets on the ground are safe. "Our management committee is being updated on a real-time basis by our on-ground teams, business partners and local state administrations to ensure full situational awareness at all times," the L&T spokesperon said.

The company said as a precautionary measure, it has issued a travel advisory to all concerned personnel and has told them to avoid all non-essential travel and movement. "We are in constant touch with our clients and are following government advisories," the spokesperon added.

Israel and the US attacked Iran on Saturday, February 28, in the morning. Iran has responded by attacking US naval bases in Bahrain, UAE and Kuwait. The US and Israel's attacks resulted in the death of Iran's Supreme Leader Ali Khamenei. Post the attacks, Iran said "there were no red lines now and everything is possible". Ever since, it has launched a barrage of attacks across the Middle East and in Israel as well, resulting in airspace closure, stranded travellers, work and life coming to a halt in the region.

L&T's most recent order win was worth up to ₹10,000 crore in the Middle East and India.

L&T's management, after the company's third quarter earnings, had maintained its full-year guidance across parameters, and said it would exceed its order inflow growth guidance of 10% for the entire year. The management had also maintained its revenue growth guidance of 15% and the core margin guidance of 8% for FY26.

L&T shares were down 5.08% at ₹4,061 apiece in early trade on Monday. The stock has gained 13.6% in the past six months.

Also Read: Iran Conflict: These stocks have significant exposure to the Middle EastContinue ReadingFirst Published: Mar 2, 2026 7:54 AM ISTTagsIranIsraelLarsen and ToubroMiddle Eastshare market today