Larsen & Toubro Files for Its 15th Order Announcement in 80 Days — This One a 1,600 MW Thermal Plant LNTP from DVC CIL Power (NSE: LT)
On 7 October 2026, Larsen & Toubro (NSE: LT, BSE: 500510) informed the exchanges that its Energy CarbonLite Solutions vertical received a Limited Notice to Proceed (LNTP) for the main plant package of a 2x800 MW ultra-supercritical thermal power project at Chandrapura, Jharkhand. The order falls in the ₹1,000–2,500 crore classification bracket the company uses for "Major" orders.
On 7 October 2026, Larsen & Toubro (NSE: LT, BSE: 500510) informed the exchanges that its Energy CarbonLite Solutions vertical received a Limited Notice to Proceed (LNTP) for the main plant package of a 2x800 MW ultra-supercritical thermal power project at Chandrapura, Jharkhand. The order falls in the ₹1,000–2,500 crore classification bracket the company uses for "Major" orders.
The client is DVC CIL Power Private Ltd, a joint venture between Damodar Valley Corporation and Coal India Ltd. The filing, dated 7 October 2026 and available on BSE, states that L&T's scope covers design, engineering, manufacturing, supply, erection, testing, and commissioning of Boilers, Steam Turbines, Generators, and Electrostatic Precipitators, plus associated mechanical, electrical, control & instrumentation, and civil works. The full Notice to Proceed will be issued after environmental clearances and the LNTP period.
This is the fifteenth exchange filing documenting an order win or contract execution from L&T since 20 July 2026 — a span of 80 days.
What the cumulative filings show about the order book
The sequence began on 20 July 2026, when L&T disclosed multiple EPC orders in its Metals & Minerals vertical, classified as "Mega" (₹5,000–10,000 crore). Those covered an iron ore handling plant of 18 MTPA for a public sector producer in Chhattisgarh, design-and-build packages for a steel plant expansion (2.5 to 7.1 MTPA) for a Navratna company in West Bengal, and a zinc processing plant for a private sector metals producer.
Four days later, on 24 July 2026, the Heavy Engineering division reported a set of international orders each in the ₹1,000–2,500 crore bracket — the largest from Dangote Group for a refinery and fertiliser expansion in Nigeria and Ethiopia, plus repeat orders from clients in Japan, Spain, the US, and Brazil.
On 27 July 2026, the Residential, Commercial Buildings & Factories vertical won a ₹1,000–2,500 crore order for 26 high-rise residential towers (120 m each) in Mumbai, using large-wall panel precast technology.
On 28 July 2026, alongside Q1FY27 results, the company disclosed a Framework Cooperation Agreement with TenneT — in consortium with Hitachi Energy — for a 2 GW HVDC offshore wind programme covering up to six projects across the Netherlands and Germany, totalling 8 GW transmission capacity. L&T's scope under the agreement covers offshore converter platforms under EPCI terms. The same day, Q1FY27 results showed revenue of ₹67,942 crore (per the press release filing of 28 July 2026), up 7% year-on-year, with PAT of ₹4,123 crore, up 14%. The press release also recorded order inflow for the quarter at ₹1,08,014 crore.
On 29 July 2026, L&T Energy Hydrocarbon Onshore secured a major EPC order from Kuwait Oil Company for crude oil storage tanks (six tanks of 618,000 barrels each), pipelines, and upgrades to Kuwait's crude loading and export network.
On 4 August 2026, subsidiary LTEH Offshore received what the company classifies as an "ultra-mega" order — value above ₹15,000 crore — from ADNOC Offshore for multiple offshore facilities in the Middle East, plus upgrades to existing facilities. A second ultra-mega offshore EPCIC order (again above ₹15,000 crore) from a Middle Eastern client followed on 17 August 2026. Then on 24 August 2026, L&T Energy Hydrocarbon Onshore signed a third ultra-mega contract for gas compression plants, including utilities and substations, with another Middle Eastern client.
In the domestic offshore segment, ONGC placed multiple orders: one set covering pipeline replacement and four well head platforms off India's west coast (filed 7 August 2026), and another for the Additional Development of Ratna–I and NLM-14 project (filed 9 September 2026), both in the ₹1,000–2,500 crore bracket.
The diversification beyond hydrocarbons is visible in three other filings. On 20 August 2026, the Transportation Infrastructure vertical, in consortium with Mitsubishi Heavy Industries, won a large turnkey order to design and build the Automated People Mover System for Phase 1 of Al Maktoum International Airport in Dubai. On 25 August 2026, the renewables vertical secured a major EPC contract for three Battery Energy Storage System projects with a combined 6 GWh capacity in the Middle East. On 30 September 2026, Transportation Infrastructure executed twin contracts with Dubai's Roads and Transport Authority for the Latifa Bint Hamdan Corridor — one large, one significant — covering roads, bridges, tunnels, an interchange, and a cycling track, with completion stated as end of 2028.
The most recent order before today's filing came on 5 October 2026, when the Power Transmission & Distribution vertical disclosed multiple EPC contracts in Saudi Arabia (380 kV transmission and substations for renewable energy evacuation), the UAE (132/11 kV substations and cabling), and India (a transmission system for a private developer in Visakhapatnam). The combined value was classified as "Mega" (₹5,000–10,000 crore).
What the filings say comes next
The most material conditional statement sits in today's LNTP filing: the full Notice to Proceed for the Chandrapura thermal plant is contingent on environmental clearances and the LNTP period. No date is stated in the filing.
For the TenneT framework agreement (28 July 2026), the filing names two ongoing projects — IJmuiden Ver Alpha and Nederwiek 1 — and two new projects: Nederwiek 3 in the Netherlands and LanWin 5 in Germany.
For the Dubai RTA corridor contracts (30 September 2026), the stated completion schedule is end of 2028.
The data centre and cloud services business transfer to subsidiary Vyoma.AI Limited — executed on 11 August 2026 for a total consideration of ₹1,430 crore settled through equity shares — carries an expected closing date of 31 October 2026, per the BSE filing.
Q1FY27 results, filed 28 July 2026, recorded order inflow of ₹1,08,014 crore for the quarter. The company's order classification thresholds remain unchanged from its established disclosure practice: "Major" at ₹1,000–2,500 crore, "Mega" at ₹5,000–10,000 crore, and "Ultra-Mega" above ₹15,000 crore.
Alpha Inflection is research infrastructure, not investment advice. We are not SEBI-registered investment advisers. Everything above is compiled from public corporate filings, with sources cited. Do your own research.
The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 20 Jul 2026 | L&T wins multiple mega orders (₹5,000-10,000 Cr) for metals and minerals business from domestic companies | L&T's Metals & Minerals vertical secured multiple EPC orders from leading domestic metals and mining companies: an iron ore handling plant (18 MTPA) for a public sector iron ore producer in Chhattisgarh, design & build and balance of plant packages for a steel plant expansion (2.5 to 7.1 MTPA) for a Navratna company in West Bengal, and a zinc processing plant for a major private sector metals producer. The orders are classified as 'Mega' (₹5,000-10,000 Cr). | filing |
| 24 Jul 2026 | L&T Heavy Engineering wins multiple large international orders (₹1,000–2,500 Cr each) for process equipment from Dangote Group and other global clients across Asia, Africa, North America, South America, and Europe. | L&T's Heavy Engineering division secured a series of orders classified as 'Large' (₹1,000–2,500 Cr each) from international clients. The largest includes orders from Africa's Dangote Group for a mega refinery and multi-train fertiliser expansion in Nigeria and Ethiopia, involving the world's largest Fluid Catalytic Cracking Reactor Regenerator Package and critical urea/ammonia equipment. Additional orders include a repeat order from a Japanese customer for heat exchangers and absorbers for an LNG project in Canada, and orders from Spain, the US, and Brazil for coke drums, fractionator columns, and heat exchangers. | filing |
| 27 Jul 2026 | L&T's Residential, Commercial Buildings & Factories business wins major ₹1,000–2,500 Cr order for a large-scale housing redevelopment project in Mumbai. | Larsen & Toubro's RCF vertical has secured a major order (classified as ₹1,000–2,500 Cr) from a reputed client for the turnkey design and construction of 26 high-rise residential towers (120 m each) in Mumbai. The project will use L&T's large-wall panel precast technology involving offsite manufacturing and onsite assembly. | filing |
| 28 Jul 2026 | L&T secures ultra-mega framework agreement with TenneT for 2 GW offshore wind programme covering 4 HVDC projects in Netherlands and Germany. | L&T, in consortium with Hitachi Energy, has signed a Framework Cooperation Agreement with TenneT for a 2 GW HVDC offshore wind programme. The framework covers up to six projects, including two ongoing (IJmuiden Ver Alpha and Nederwiek 1) and two new projects (Nederwiek 3 in the Netherlands and LanWin 5 in Germany), totalling 8 GW transmission capacity. L&T will execute offshore converter platforms and associated infrastructure under EPCI scope. | filing |
| 29 Jul 2026 | L&T wins a major (~₹1,000-2,500 Cr) EPC order from Kuwait Oil Company for Jurassic Light Oil export facilities and crude handling upgrades. | L&T Energy Hydrocarbon Onshore business secured a major engineering, procurement and construction (EPC) order from Kuwait Oil Company (KOC) for new crude oil storage tanks (six tanks of 618,000 barrels each), associated facilities, pipelines, and upgrades to Kuwait's existing crude loading and export network, on a lump sum turnkey basis. | filing |
| 4 Aug 2026 | L&T's energy hydrocarbon offshore arm wins an ultra-mega order (value > ₹15,000 Cr) from ADNOC Offshore for development of multiple offshore facilities in the Middle East. | Larsen & Toubro's subsidiary LTEH Offshore has secured an ultra-mega contract from ADNOC Offshore for the development of multiple offshore facilities in the Middle East, with LTEH leading a consortium and handling engineering, procurement, construction, installation, and commissioning (EPCIC) as well as upgrades to existing facilities. | filing |
| 7 Aug 2026 | L&T's hydrocarbon offshore arm wins major orders (₹1,000–2,500 Cr) from ONGC for pipeline replacement and well head platform projects off India's west coast. | L&T Energy Hydrocarbon Offshore secured multiple orders from ONGC for the Pipeline Replacement Project (PRP-X) involving EPCIC of subsea pipelines and associated modifications, and a project for EPCIC of four Well Head Platforms off India's west coast. | filing |
| 17 Aug 2026 | L&T secures an ultra-mega (over ₹15,000 Cr) offshore EPCIC order from a Middle Eastern client | L&T Energy Hydrocarbon Offshore has received an ultra-mega order (value > ₹15,000 Cr) from a prestigious Middle Eastern client for the development of multiple offshore facilities, covering engineering, procurement, construction, installation, and commissioning. | filing |
| 20 Aug 2026 | L&T, in consortium with Mitsubishi Heavy Industries, wins a large (₹1,000–2,500 Cr) order for an Automated People Mover System at Dubai's Al Maktoum International Airport. | L&T's Transportation Infrastructure business vertical, in consortium with Japan's Mitsubishi Heavy Industries, secured a large turnkey order to design and build the Automated People Mover (APM) System for Phase 1 of Al Maktoum International Airport in Dubai. The scope includes design, construction, supply, testing, commissioning and operational readiness of guideways, traction substations, power distribution, signalling, telecom, platform screen doors and depot equipment. | filing |
| 24 Aug 2026 | L&T signs ultra-mega (>₹15,000 Cr) gas compression EPC contract in the Middle East | L&T Energy Hydrocarbon Onshore signed a contract for the engineering, procurement and construction of gas compression plants, including associated utilities and substations, for a Middle Eastern client. | filing |
| 25 Aug 2026 | L&T's renewables business wins a major order (₹1,000-2,500 Cr) for a 6 GWh Battery Energy Storage System in the Middle East. | L&T's renewables vertical secured a major EPC contract to develop three BESS projects with a combined 6 GWh capacity in the Middle East, including grid interconnections and substations. | filing |
| 9 Sept 2026 | L&T Energy Hydrocarbon Offshore wins a large offshore EPCIC order from ONGC valued between ₹1,000–2,500 crore. | L&T's offshore arm secured a large order from ONGC for the Additional Development of Ratna–I (ADR I) and NLM-14 project off India's west coast, involving engineering, procurement, construction, installation, and commissioning of offshore facilities and subsea infrastructure. | filing |
| 30 Sept 2026 | L&T Transportation Infrastructure vertical secures twin contracts from Dubai's RTA for the development of Latifa Bint Hamdan Corridor. | L&T's Transportation Infrastructure vertical has formally executed twin contracts (one large, one significant) with Dubai's Roads and Transport Authority (RTA) for the Latifa Bint Hamdan Corridor development. The scope includes new roads, bridges, tunnels, an interchange, and a cycling track to improve connectivity and reduce travel time. Completion is scheduled by end of 2028. | filing |
| 5 Oct 2026 | L&T's Power Transmission & Distribution vertical has secured multiple EPC orders in India, Saudi Arabia, and the UAE, classified as 'Mega' (₹5,000–₹10,000 crore). | L&T announced its PT&D vertical won multiple EPC contracts: in Saudi Arabia (380 kV transmission/substations for renewable energy evacuation), the UAE (132/11 kV substations and cabling), and India (transmission system for a private developer in Visakhapatnam). The combined value is classified as 'Mega' (₹5,000–₹10,000 crore). | filing |
| 7 Oct 2026 | L&T Energy CarbonLite Solutions secures LNTP for 1,600 MW ultra-supercritical thermal power plant at Chandrapura, Jharkhand, in a Major order value bracket of ₹1,000-2,500 crore. | L&T's Energy CarbonLite Solutions business vertical received a Limited Notice to Proceed (LNTP) from DVC CIL Power Private Ltd (a joint venture of Damodar Valley Corporation and Coal India Ltd) for the main plant package of the 2x800 MW ultra-supercritical thermal power project at Chandrapura, Jharkhand. L&T's scope includes design, engineering, manufacturing, supply, erection, testing, and commissioning of Boilers, Steam Turbines, Generators, and Electrostatic Precipitators, along with associated mechanical, electrical, control & instrumentation and civil works. The full Notice to Proceed will be issued after environmental clearances and the LNTP period. | filing |
| 21 Jun 2026 | Larsen & Toubro's wholly owned subsidiary Vyoma.AI Limited incorporates a new wholly owned step-down subsidiary, LTN Compute Private Limited, to establish AI compute infrastructure. | Larsen & Toubro announced that its wholly owned subsidiary, Vyoma.AI Limited, has incorporated a new wholly owned subsidiary named LTN Compute Private Limited (LTNCPL) on June 20, 2026, with an authorized capital of Rs. 1,00,000, which has been fully subscribed in cash. | filing |
| 24 Jun 2026 | L&T receives NCLT order to convene shareholder meeting to approve the scheme of arrangement for demerger of its realty business into L&T Realty Properties. | Larsen & Toubro received a certified copy of the NCLT order dated June 12/16, 2026, directing it to hold an electronic shareholder meeting within 60 days to seek approval for the proposed scheme of arrangement with L&T Realty Properties. | filing |
| 25 Jun 2026 | Larsen & Toubro completes divestment of its wholly owned subsidiary Nabha Power Limited to Torrent Power for ₹3,632.35 crore. | L&T announced the completion of the sale of 100% equity and convertible instruments in Nabha Power Limited (NPL) to Torrent Power, receiving ₹3,632.35 crore in consideration (after closing adjustments). L&T's subsidiary retains 0.1% non-convertible redeemable preference shares valued at ₹157.92 crore, and NPL ceases to be a subsidiary. | filing |
| 29 Jun 2026 | Larsen & Toubro publishes notice for NCLT convened meeting on August 4, 2026 to consider Scheme of Arrangement with L&T Realty Properties. | Larsen & Toubro Limited (L&T) published newspaper advertisements informing equity shareholders of an NCLT-convened meeting to be held on August 4, 2026 via video conferencing to consider and approve a Scheme of Arrangement between L&T and its subsidiary L&T Realty Properties Limited under Sections 230-232 of the Companies Act, 2013. | filing |
| 28 Jul 2026 | L&T's Senior Vice President & IC Head - Transportation Infrastructure IC, Mr. V. Sukumar Hebbar, resigns effective July 27, 2026. | Mr. V. Sukumar Hebbar, Senior Vice President & IC Head - Transportation Infrastructure IC, resigned from Larsen & Toubro with effect from the close of business hours on July 27, 2026, and ceased to be a Senior Management Personnel. | filing |
| 28 Jul 2026 | Q1FY27: Revenue ₹67,942 Cr (+7% YoY, decelerating from +15.5% in Q1FY26), PAT ₹4,123 Cr (+14% YoY, driven by lower finance costs and other income), EBITDA margin contracted 90bps YoY to 9.0% amid cost pressures and revenue mix shift. | filing | |
| 28 Jul 2026 | L&T Q1FY27: revenue +7% YoY to ₹67,942 Cr, PAT +14% to ₹4,123 Cr; order inflow +14% to ₹1.08 lakh Cr; operating EBITDA margin contracted 90bps to 9.0%, but other income and lower finance costs lifted bottom line. | filing | |
| 28 Jul 2026 | Q1FY27: Revenue ₹67,942 Cr (+6.7% YoY), PAT ₹4,123 Cr (+14.0% YoY); Order inflow robust at ₹108,014 Cr (+14%) led by Infrastructure & Utilities and Energy-Green; EBITDA margin (XBRL) stable at 12.5% (+45bps YoY) but press-release EBITDA margin declined to 9.0% (-90bps); other income at 34.3% of PBT flags earnings quality. | filing | |
| 3 Aug 2026 | Earnings call transcript filing for Q1FY27 released; full transcript available on company website, no financial or operational details in this document. | filing | |
| 11 Aug 2026 | L&T transfers its Data Center & Cloud Services Business and entire stake in L&T Network Services Private Limited to wholly owned subsidiary Vyoma.AI Limited for total consideration of ₹1,430 crore via equity shares. | Larsen & Toubro has executed a Business Transfer Agreement to transfer its Data Center and Cloud Services Business to its wholly owned subsidiary Vyoma.AI Limited for ₹1,400 crore, and a Share Purchase Agreement to sell its entire stake in L&T Network Services Private Limited to Vyoma for ₹30 crore, both to be settled through issuance of Vyoma equity shares. The transactions are expected to close by October 31, 2026. | filing |
| 9 Sept 2026 | L&T becomes India's first private sector corporate to issue a ₹500 crore tokenised bond under SEBI's blockchain-based framework. | Larsen & Toubro raised ₹500 crore via tokenised bonds with a 3-year tenure, using SEBI's new Distributed Ledger Technology framework, with settlement via a Central Bank Digital Currency wallet. | filing |
Quick answers
- What did Larsen & Toubro disclose?
- On 7 October 2026, Larsen & Toubro (NSE: LT, BSE: 500510) informed the exchanges that its Energy CarbonLite Solutions vertical received a Limited Notice to Proceed (LNTP) for the main plant package of a 2x800 MW ultra-supercritical thermal power project at Chandrapura, Jharkhand.
- What are the key numbers?
- The sequence began on 20 July 2026, when L&T disclosed multiple EPC orders in its Metals & Minerals vertical, classified as "Mega" (₹5,000–10,000 crore).
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