Larsen & Toubro (L&T) is trading higher at RS 3898.90 on the BSE, up by 33.40 points or 0.86% from its previous close of RS 3865.50. The stock opened at RS 3868.55 and has so far recorded an intraday high of RS 3914.00 and a low of RS 3860.50. Total traded volume on the counter stood at 13,526 shares.

The BSE Group ‘A’ stock, with a face value of RS 2, earlier touched a 52-week high of RS 4194.70 on 05-Jan-2026 and a 52-week low of RS 2967.65 on 07-Apr-2025. Over the past week, it has traded between RS 4092.70 and RS 3836.35. The company currently commands a market capitalization of RS 535,637.44 crore. Institutional investors hold 63.07% of the stock, while non-institutional investors hold 36.93%.

In a major development, L&T’s hydrocarbon onshore business (L&T Onshore) has secured a large order from Petronet LNG — a joint venture of ONGC, IOCL, GAIL (India), and BPCL. The order value is estimated in the range of RS 2,500 crore to RS 5,000 crore.

The turnkey project includes engineering, procurement, construction and commissioning of a 170,000-cubic-metre LNG/Ethane double-wall storage tank and a 140,000-cubic-metre Propane double-wall storage tank at the Dahej Petrochemical Complex in Gujarat. It also covers Ethane and Propane handling and despatch facilities to support a Propane Dehydrogenation and Polypropylene plant.

This initiative forms part of India’s first petrochemical complex utilizing cold energy from an LNG terminal and aims to narrow the domestic polypropylene demand-supply deficit.

Larsen & Toubro is a diversified Indian multinational group with businesses spanning technology, engineering, construction, manufacturing and financial services.