L&T bags power transmission orders worth up to ₹15,000 crore in India, Saudi Arabia and UAE
Synopsis
L&T's Power Transmission & Distribution arm has swept up multiple 'mega' EPC contracts — each valued up to ₹15,000 crore — spanning India, Saudi Arabia and the UAE in a single announcement, underlining how Indian engineering majors are capturing a growing share of the global energy transition infrastructure boom.
Key Takeaways
Larsen & Toubro secured multiple EPC orders under its 'mega' category, each valued up to ₹15,000 crore , on 5 October 2026 .
Orders span India (Visakhapatnam transmission system), Saudi Arabia (380 kV transmission and substations), and the UAE (132/11 kV substations and cabling).
Projects are aimed at power transmission capacity expansion and renewable energy evacuation .
Joji Sebastian , EVP & head of PT&D, cited rising grid strengthening and renewable integration demand as key growth drivers.
L&T shares rose as much as 1.61% to ₹3,744.90 on BSE following the announcement.
Larsen & Toubro (L&T) on Monday, 5 October 2026 announced that its Power Transmission & Distribution (PT&D) business has secured multiple engineering, procurement, and construction (EPC) orders across India, Saudi Arabia, and the United Arab Emirates. The orders fall under L&T's 'mega' category, meaning they are individually valued at up to ₹15,000 crore, and are aimed at strengthening power transmission infrastructure and supporting renewable energy evacuation.
Order Details by Geography
In Saudi Arabia, L&T has secured contracts in the 380 kV transmission and substation segments, aimed at expanding the kingdom's transmission capacity and enabling renewable energy evacuation. In the United Arab Emirates, the company has won an order to construct 132/11 kV substations and associated cabling works. On the domestic front, L&T has secured an order from a leading private sector developer to establish a transmission system in Visakhapatnam, Andhra Pradesh, comprising transmission lines and substations.
What L&T Said
Joji Sebastian, executive vice-president and head of PT&D at L&T, said the wins 'demonstrate the breadth of PT&D's engineering and execution capabilities and the ability to deliver complex power infrastructure solutions across geographies.' He added that rising demand for grid strengthening, renewable energy integration, and related infrastructure was 'creating opportunities for the business.'
About L&T's PT&D Business
L&T's PT&D vertical provides end-to-end EPC services covering transmission lines, substations, underground cable networks, distribution networks, power quality improvement, and infrastructure electrification projects. The business has a proven track record of delivering high-voltage infrastructure across multiple countries, making it one of India's most active exporters of power engineering services.
Market Reaction and Stock Movement
Shares of Larsen & Toubro responded positively to the announcement, rising as much as 1.61% to an intraday high of ₹3,744.90 on the BSE by 12:40 pm IST on Monday. The stock was subsequently trading at approximately ₹3,725.95, up around 1%. According to exchange data, the scrip's 52-week high stands at ₹4,440, while its 52-week low is ₹3,288.65.
This comes amid a broader surge in global power infrastructure spending, driven by energy transition targets in the Gulf and renewable capacity additions in India. L&T's multi-geography order book positions it as a key beneficiary of that trend, with more such contract announcements likely as grid modernisation accelerates across Asia and the Middle East.
Point of View
Which stretches from several thousand crore to ₹15,000 crore — a wide range that makes it difficult to assess the actual revenue accretion. Investors should also note that L&T's stock is still trading well below its 52-week high of ₹4,440, suggesting the market is pricing in execution risk on an increasingly complex, multi-geography order book.
NationPress
5 Oct 2026
Frequently Asked Questions
What are the L&T power transmission orders announced on 5 October 2026?
Larsen & Toubro's Power Transmission & Distribution business secured multiple EPC orders in India, Saudi Arabia and the UAE, all classified under the company's 'mega' category, meaning each is valued at up to ₹15,000 crore. The projects target power grid strengthening and renewable energy evacuation across these geographies.
Where exactly are L&T's new power projects located?
In India, L&T will set up a transmission system in Visakhapatnam, Andhra Pradesh, for a private sector developer. In Saudi Arabia, it has won contracts in the 380 kV transmission and substation segments. In the UAE, it will construct 132/11 kV substations and associated cabling works.
What does 'mega category' mean for L&T orders?
L&T classifies its orders into size bands, with 'mega' referring to contracts valued at up to ₹15,000 crore. This is among the highest tiers in the company's order classification system, indicating large-scale, complex infrastructure projects.
How did L&T's stock react to the order announcement?
L&T shares jumped as much as 1.61% to an intraday high of ₹3,744.90 on the BSE on Monday, before settling at around ₹3,725.95 — a gain of approximately 1%. The stock's 52-week range is ₹3,288.65 to ₹4,440.
Why are these orders significant for India's power sector?
The domestic order in Visakhapatnam supports India's push to expand grid infrastructure and evacuate power from new renewable energy projects. Alongside the Gulf contracts, it reflects growing global demand for high-voltage transmission expertise — an area where Indian EPC firms are increasingly competitive.
