Mumbai, January 16, 2026: Larsen & Toubro Limited (NSE: LT, BSE: 500510) shares traded in the green in early trade on Friday after the company announced that its Hydrocarbon Onshore business has secured a large order from Petronet LNG. The stock was trading around ₹3,894 in morning deals, up about 0.7 percent from the previous close, reflecting a positive market reaction to the fresh order win.
Stock Movement Snapshot
- Previous Close: ₹3,865.80
- Day’s High: ₹3,895.80
- Day’s Low: ₹3,860.40
- Morning Price: ~₹3,894
- Intraday Gain: ~0.7 percent
Order Details and Project Scope
L&T’s Hydrocarbon Onshore vertical has won the order on a lump sum turnkey basis, covering engineering, procurement, construction and commissioning. The project involves setting up:- A Liquefied Natural Gas and Ethane double-wall storage tank with a capacity of 170,000 cubic metres
- A Propane double-wall storage tank with a capacity of 140,000 cubic metres
Management Commentary
Commenting on the development, Subramanian Sarma, Deputy Managing Director and President of L&T, said the order marks a significant milestone as the company contributes to India’s first integrated petrochemical complex leveraging LNG cold energy.E S Sathyanarayanan, Senior Vice President and Head of L&T Onshore, said the order underscores confidence in L&T’s ability to execute complex EPCC projects and reiterated the company’s commitment to delivering the project safely, efficiently and within agreed timelines.
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