L&T wins ₹2,500 crore Noida Metro Aqua Line extension contract
Synopsis
L&T has bagged a ₹2,500 crore contract to extend Noida's Metro Aqua Line, covering a 15.1-km elevated viaduct and 10 new stations between Botanical Garden and Boraki. The win adds to L&T's record ₹8.5 lakh crore order book as the engineering giant posts 28% quarterly order growth — underlining its dominant position in India's urban infrastructure buildout.
Key Takeaways
L&T's Heavy Civil Infrastructure business won a ₹2,500 crore order from Noida Metro Rail Corporation Limited on 9 November 2026 .
The contract covers a 15.1-km elevated viaduct and 10 elevated metro stations across two stretches: Botanical Garden to Noida Sector-142 and Depot Station to Boraki .
The project is scheduled for completion within 36 months .
L&T's Q2 FY27 revenue rose 16% to ₹78,750 crore ; quarterly order inflows grew 28% YoY to ₹1,47,665 crore .
The company's total order book stands at a record ₹8.5 lakh crore , according to Chairman S N Subrahmanyan .
Larsen & Toubro (L&T) announced on Monday, 9 November 2026 that its Heavy Civil Infrastructure business has secured a 'significant' order worth up to ₹2,500 crore from Noida Metro Rail Corporation Limited (NMRCL) for the Noida Metro Aqua Line extension project. The contract marks one of the largest single metro infrastructure awards in the National Capital Region in recent months.
Project Scope and Alignment
The contract covers the partial design and construction of a 15.1-km elevated viaduct across two stretches — from Botanical Garden to Noida Sector-142 and from Depot Station to Boraki. The scope also encompasses the construction of 10 elevated metro stations, complete with architectural finishes, according to an exchange filing by L&T.
The project is scheduled for completion within 36 months. Officials expect it to significantly improve regional connectivity and commuter accessibility across Noida's rapidly expanding urban corridors.
Why This Order Matters
The Aqua Line extension is part of a broader push to decongest road traffic in the Greater Noida and Noida belt, where population density has surged alongside residential and commercial development. The elevated viaduct design minimises land acquisition complexity — a persistent bottleneck for metro projects in the region. Notably, this is L&T's latest addition to a burgeoning metro portfolio that already spans multiple cities.
L&T's Broader Financial Momentum
The contract comes amid a strong financial run for L&T. The company's revenue rose 16% to ₹78,750 crore in Q2 FY27, compared with ₹67,984 crore in the year-ago period, driven by accelerated progress across its Projects, Products & Manufacturing (PPM) portfolio.
L&T secured orders worth ₹1,47,665 crore in the quarter ended 30 September 2026, registering a year-on-year growth of 28%. High-value wins during the quarter were led by hydrocarbon — offshore and onshore — carbonLite solutions, public spaces, airports, and power transmission and distribution businesses. International orders stood at ₹92,375 crore, contributing 63% to total order inflow.
What the Leadership Said
S N Subrahmanyan, Chairman and Managing Director of L&T, said the company had 'delivered a strong quarter in an ever changing geopolitical landscape,' adding that the performance 'reflects continued customer confidence and our ability to secure large and complex orders across sectors and geographies.' He described the latest order book as the highest ever at ₹8.5 lakh crore, providing 'multi-year revenue visibility.'
Subrahmanyan added: 'We are well positioned to sustain this growth momentum and will continue to invest in innovation, digital capabilities, and technology-led businesses to drive growth and create long-term value for our stakeholders.'
What Comes Next
With a 36-month construction timeline, the Aqua Line extension is expected to become operational by late 2029, subject to execution pace. Industry observers will watch whether L&T can maintain its record order-book conversion rate as project complexity and labour costs in infrastructure EPC rise across India.
Point of View
500 crore order barely moves the needle on an ₹8.5 lakh crore book. The more telling signal is the 28% quarterly order growth, which suggests public infrastructure spending remains a durable tailwind even as private capex stays selective. The Aqua Line extension also reflects a wider pattern: Indian cities are finally building the last-mile metro connectivity that first-generation corridors left incomplete. The execution risk, however, is real — urban elevated viaducts in NCR have a history of cost and time overruns, and L&T's ability to deliver within 36 months will be watched as a benchmark for the sector.
NationPress
9 Nov 2026
Frequently Asked Questions
What is the L&T Noida Metro Aqua Line extension project?
It is a ₹2,500 crore contract awarded by Noida Metro Rail Corporation Limited to Larsen & Toubro for designing and constructing a 15.1-km elevated viaduct and 10 metro stations across two stretches — Botanical Garden to Noida Sector-142 and Depot Station to Boraki. The project is scheduled to be completed within 36 months.
When is the Noida Metro Aqua Line extension expected to be completed?
L&T has stated the project will be completed within 36 months of commencement, putting the likely completion around late 2029, subject to construction progress.
How significant is this order for L&T financially?
While the ₹2,500 crore contract is categorised as 'significant' by L&T, it adds to the company's record order book of ₹8.5 lakh crore. In Q2 FY27, L&T secured total orders of ₹1,47,665 crore, up 28% year-on-year.
What does the Aqua Line extension cover?
The project involves a 15.1-km elevated viaduct spanning two stretches in Noida, along with 10 elevated metro stations complete with architectural finishes. It is designed to improve regional connectivity across Noida's expanding urban areas.
What was L&T's financial performance in Q2 FY27?
L&T reported a 16% rise in revenue to ₹78,750 crore in Q2 FY27, up from ₹67,984 crore a year earlier. The company attributed the growth to accelerated progress in its Projects, Products & Manufacturing portfolio.
