L&T Secures Largest-Ever Mega Order for Minerals & Metals Business from JSW Steel
Mumbai, May 06, 2026: Larsen & Toubro Limited (L&T) has announced that its Minerals & Metals (M&M) vertical secured its largest-ever order in the domestic metals sector. The substantial contract was awarded by JSW Steel.L&T and JSW Steel share a deep-rooted association, built over more than three decades of collaboration in executing complex metallurgical projects. This enduring partnership has consistently contributed to strengthening India's steel production capabilities through operational excellence, scale, and technology implementation.
As part of JSW Steel's strategic growth roadmap, the company plans to expand its crude steel processing capacity significantly, moving from 35 MTPA to over 50 MTPA by 2031. To support this vision, L&T's M&M vertical has been entrusted with executing the comprehensive engineering, procurement, and installation of critical process facilities. This work includes both Blast Furnaces and Steel Melt Shops across multiple brownfield and greenfield expansions, primarily at JSW sites located in Ballari, Karnataka, and Paradip, Odisha.
Leadership commentary highlighted that securing the largest-ever order in the metals segment marks a defining moment for L&T's M&M business. The company emphasized that the long-standing partnership reflects a shared commitment to nation-building, making the orders a testament not only to L&T's engineering and execution capabilities but also to the trust placed in it to deliver assets of national significance.
Furthermore, the company stated that the successful completion of these prestigious wins reinforces its leadership in executing large, complex metallurgical projects. L&T remains focused on partnering with JSW in shaping their growth through technology and ensuring precise, on-time delivery.
Background and Classification
Larsen & Toubro is a USD 32 billion Indian multinational corporation engaged in EPC Projects, Hi-Tech Manufacturing, Products, and Services, operating across diverse domains and multiple geographies. The company has maintained a leadership position in its major lines of business for eight decades, driven by its focus on quality and a customer-centric approach.The order classification provided by L&T specifies the value brackets:
| Classification | Value in ₹ Cr |
|---|---|
| Significant | 1,000 to 2,500 |
| Large | 2,500 to 5,000 |
| Major | 5,000 to 10,000 |
| Mega | 10,000 to 15,000 |
| Ultra-Mega | >15,000 |
LT Stock Price Movement
As of 9:39 AM, shares of Larsen & Toubro Limited are slipping by 2.96% in live trading, currently priced at ₹3934.5. The stock sheds a substantial ₹120.00 drop, amidst heavy investor activity with a total volume of 1.85 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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