Large cap stock jumps after it bags order worth nearly ₹5,000 Cr in steel and alumina sectorsLarge cap stock jumps after it bags order worth nearly ₹5,000 Cr in steel and alumina sectors

Introduction:

Large-cap stock has secured significant orders worth nearly ₹5,000 Cr in the metals and minerals sector, including an 850 KTPA alumina refinery and an 8 MTPA pellet plant. These projects reinforce its expertise in executing large-scale industrial developments, driving growth in aluminum and steel infrastructure.

Share Price movement of Larsen & Toubro :

On February 20, 2025, Larsen & Toubro Ltd opened at ₹3,260.05, reaching a high of ₹3,285.45, up 0.29% from its previous close of ₹3,275.90, and a low of ₹3,247.75. Currently, it is trading at ₹3,274.00, with a market cap of ₹4,50,232.30 crore.

Larsen & Toubro new order:

L&T’s Minerals & Metals business secured a major order worth nearly ₹5,000 Cr from Hindalco to establish an 850 KTPA greenfield alumina refinery in Odisha. The project involves engineering, procurement, construction, and installation, reinforcing L&T’s long-standing partnership with Hindalco in aluminum and copper plant expansions.  

Additionally, L&T received an order for an 8 MTPA pellet plant from a leading Indian steel producer. The contract covers engineering, manufacturing, supply, construction, and installation, leveraging advanced technology providers. This highlights L&T’s expertise in executing large-scale industrial projects with precision and efficiency.  

These new orders affirm L&T’s role as a trusted partner in India’s metals and minerals sector. The projects align with the country’s growing demand for aluminum and steel infrastructure, strengthening L&T’s market leadership and commitment to high-quality industrial development.

Also Read: IT stock jumps 3% after securing patent for large-scale data handling

Recent news About Larsen & Toubro  :

On February 15, 2025, L&T signed a Memorandum of Understanding with Rafael Advanced Defense Systems to jointly offer the TROPHY Active Protection System for Indian defense platforms, enhancing the company’s defense technology portfolio

Stock performance of Larsen & Toubro  for Period of 1 week, 6 months and 1 year:

Larsen & Toubro’s stock showed mixed performance over different periods. In the past week, it gained 0.38%. Over six months, it declined by 8.97%. Over the past year, the stock saw a slight dip of 0.62%, reflecting moderate volatility in its market performance.

Also Read: Stock hits 5% upper circuit after it receives order from Wipro

Shareholding pattern of Larsen & Toubro :

All values in %	Dec-24	Sep-24	Jun-24
FII	20.83	21.72	22.85
DII	41.71	40.57	39.02
Retail & others	37.45	37.71	38.12

About Larsen & Toubro :

Larsen & Toubro is a leading Indian multinational engaged in engineering, construction, and technology. It operates across infrastructure, defense, power, and heavy engineering sectors. With a strong global presence, L&T is known for innovation, project execution, and sustainable industrial growth.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.