Introduction:
Large-cap stock surged after securing an overseas order worth up to ₹5,000 crore for a 300,000 m³/day desalination plant in Saudi Arabia. This project enhances its Middle East presence, reinforcing expertise in EPC, sustainable water solutions, and automation technology.
Share Price movement of Larsen & Toubro:
On March 12, 2025, Larsen & Toubro Limited opened at ₹3,202.25, reaching a high of ₹3,231.00, up 1.17% from its previous close of ₹3,193.65, with a low of ₹3,183.75. The stock is currently trading at ₹3,231.00, with a market cap of ₹4,44,319.05 crore.
Larsen & Toubro share price rise:
L&T’s Water & Effluent Treatment (WET) Business, in collaboration with Spain’s Lantania, secured a large overseas contract from ACWA Power for the Ras Mohaisen Desalination Plant in Saudi Arabia. The project, with a 300,000 m³/day capacity, will provide drinking water for Makkah Al-Mukarramah and Al-Baha regions. It receives an order worth up to ₹5,000 crore for its water & effluent treatment business.
The contract involves design, procurement, construction, testing, and commissioning of a seawater reverse osmosis desalination plant. It includes intake and outfall facilities, pumping stations, a 600,000 cubic meter potable water storage unit, advanced automation systems, and a solar PV plant, ensuring sustainable water solutions.
This marks L&T’s second major desalination project in Saudi Arabia, reinforcing its Middle East presence. The project highlights WET’s commitment to expanding regional operations. L&T, a $27 billion multinational, continues to lead in EPC projects, leveraging its eight-decade expertise in high-tech manufacturing and services.
Also Read: Defence stock jumps after securing order worth ₹2,463 Cr for ashwini radars from Indian Air Force
Recent news About Larsen & Toubro:
Larsen & Toubro (L&T) is actively expanding its aerospace ventures, collaborating with Hindustan Aeronautics Limited to assemble India’s first privately built Polar Satellite Launch Vehicle (PSLV). This initiative aligns with India’s push to enhance private sector participation in space exploration.
Stock performance of Larsen & Toubro for Period of 1 week, 6 months and 1 year:
Larsen & Toubro’s stock declined 2.03% over the past week, reflecting short-term weakness. The six-month performance showed a drop of 11.6%, indicating a prolonged downtrend. Over the past year, the stock fell 9.75%, highlighting continued bearish sentiment despite the company’s strong order book and business expansion.
Also Read: PSU stock jumps 18% after earning 2,135 Cr via asset monetisation
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 Ltd (NSE: LT) is a $27 billion multinational enterprise engaged in EPC projects, hi-tech manufacturing, and services across various industries. With over eight decades of expertise, it leads in infrastructure, engineering, defense, and renewable energy, strengthening its global presence through innovation and strategic expansions.
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.
