L&T shares rise after buildings and factories vertical wins orders worth up to ₹2,500 crore
Published on 23/04/2026 10:18 AM
L&T shares rise after buildings and factories vertical wins orders worth up to ₹2,500 croreThe next major trigger for L&T will be its fourth quarter results, which will be reported on May 5. The street would await more clarity on the company's position in West Asia, what it is doing to mitigate any potential disruption and other such factors.By Shloka Badkar April 23, 2026, 10:18:35 AM IST (Updated)2 Min ReadLarsen and Toubro (L&T) Ltd. saw its shares rise on Thursday, April 23 in a volatile market, after the infrastructure conglomerate said that its buildings and factories business vertical has won multiple orders worth up to ₹2,500 crore.
L&T classifies orders in the ₹1,000 crore to ₹2,500 crore range as "significant" orders.
L&T said it secured an order from Oberoi Realty to construct seven high-rise residential towers in Gurugram. The scope of work includes RCC shell and core construction, earthworks and piling. The work is to be executed within stringent timelines, it said, though it did not specify the timeline.
The company also won an order to construct the proving ground from a renowned international company in Haryana, it said. The facility will boost testing infrastructure for vehicles embedded with latest technology, it added. The scope of work also includes finishing works and external development relevant to the facility, it said.
The next major trigger for L&T will be its fourth quarter results, which will be reported on May 5. The street would await more clarity on the company's position in West Asia, what it is doing to mitigate any potential disruption and other such factors.
L&T had earlier put out a release with regards to its exposure in West Asia after the onset of the war in Iran. Last month, it said of its 100 operating sties in the region across all segments, 95% were business as usual, while 5% were suspended or disrupted.
L&T has a significant exposure to the West Asia region, with 37% order book exposure and 33% order inflows exposure in the nine months of FY26. As much as 49% of its consolidated order book was from the international business. Of this 80% came from UAE, Saudi Arabia and the Gulf region.
Shares of L&T are trading 0.7% higher on Thursday at ₹4,044.5. The stock has risen 21% in the last one month.
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