Larsen & Toubro Wins ₹2,500 Cr Mumbai Metro Line 4 Order: A Boost to Its Robust Order Book

On Wednesday, shares of the leading blue-chip stock Larsen & Toubro (L&T) received a significant boost after the company announced it has secured an order worth up to ₹2,500 crore for the Mumbai Metro Line 4 project. This order adds to L&T's existing order book, which stands at over ₹6,67,000 crore. With a market capitalization of ₹5,58,486 crore, L&T's stock hit an intraday high of ₹4,079, which is 0.5 percent higher than the previous close of ₹4,059.

The new order is for L&T's Transportation Infrastructure business and involves the design, manufacture, supply, installation, testing, and commissioning of power supply and traction systems, along with SCADA systems for Metro Lines 4 and 4A. This includes coverage of 32 stations, depots, and substations. Additionally, the project includes electrical and mechanical works, Lift & Escalators for 22 elevated stations and 2 Depots, along with five years of comprehensive maintenance for the 24.72 km long Line 4 that runs between Bhakti Park (Wadala) to Cadbury Junction.

Recently, L&T's Hydrocarbon Onshore business secured a major EPC order from BPCL to build India’s largest LLDPE/HDPE Swing Unit at Bina, Madhya Pradesh. This project involves the construction of a Linear Low-Density Polyethylene (LLDPE) / High-Density Polyethylene (HDPE) Swing Unit consisting of two trains of 575 KTPA as part of the Bina Refinery expansion to around 11 MMTPA. In the second quarter of FY26, the company bagged orders worth ₹1,15,800 crore, marking a 45 percent year-over-year growth and increasing the company’s order book to ₹6,67,000 crore.

Incorporated in 1938 and headquartered in Mumbai, Larsen & Toubro Ltd is a leading multinational EPC conglomerate operating across infrastructure, hydrocarbons, power, defence, IT, and financial services in India and global markets. In the latest quarter, L&T saw a year-over-year revenue growth of 10 percent, increasing from ₹61,555 crore in Q2FY25 to ₹67,984 crore in Q2FY26. The quarter-over-quarter revenue growth was 6.7 percent, up from ₹63,679 crore in Q1FY26.

The company also reported a year-over-year net profit growth of 14 percent, rising from ₹4,099 crore in Q2FY25 to ₹4,678 crore in Q2FY26. The quarter-over-quarter net profit growth stood at 8.3 percent, up from ₹4,318 crore in Q1FY26. Despite being a blue-chip company, L&T has achieved a three-year profit CAGR of 23 percent, while the stock has provided a compounded return of 25 percent over the same period.

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