Larsen & Toubro Ltd.LT₹3,904.90 -0.35%

The Minerals & Metals business vertical of Larsen & Toubro Ltd. has recently secured multiple ‘Large’ orders in India, reinforcing its role in the nation’s core industrial infrastructure. Based on L&T’s classification, a ‘Large’ order is valued between ₹1,000 crore and ₹2,500 crore.

The major orders span the aluminium and steel sectors:

  • Hindalco Aluminium Smelter: L&T secured an order from Hindalco to set up a 180 KTPA Aluminium Smelter along with the Gas Treatment Centre (GTC) for a new greenfield project in Odisha. The scope for the smelter includes all civil and structural works, supply, and erection. The GTC scope covers engineering, procurement, construction, and plant installation. L&T highlighted its three-decade partnership with Hindalco across their major expansion programs.
  • TATA Steel Coke Oven: The M&M vertical also won an order from TATA Steel, Jamshedpur, to set up a 1 MTPA Coke Oven Battery 6 A/B. The contract involves comprehensive engineering, manufacturing, supply, construction, and plant installation.

In addition to these major projects, the Product Business Unit of M&M secured multiple orders from various clients across India for specialized mining and material handling equipment, including Stacker Reclaimers, Wagon Tipplers, Crushers, and Surface Miners.

T Kumaresan, Senior Vice President & Head – Minerals & Metals, L&T, commented that the wins across the aluminium and steel sectors are a testament to the company’s engineering excellence and enduring customer relationships. He added that the projects further strengthen L&T’s role in shaping India’s industrial infrastructure.

Over the last three and five years, this stock has delivered multibagger returns of more than 105% and 310%, respectively.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 pm.