The scope of work encompasses engineering, procurement, construction and commissioning of a Linear Low-Density Polyethylene / High-Density Polyethylene (LLDPE / HDPE) Swing Unit comprising two trains of 575 KTPA each, at Bina in Madhya Pradesh.

To be executed by L&T Onshore on a Lump Sum Turnkey basis, it will be India’s largest LLDPE / HDPE Swing Unit, setting a new benchmark in polyethylene production capacity.

The project forms an integral part of BPCL’s Bina Petrochemicals & Refinery Expansion Project which aims to set up a petrochemical complex and enhance refinery capacity from 7.8 MMTPA to ~11 MMTPA. It aligns with Government of India’s ‘Aatmanirbhar Bharat’ vision by strengthening domestic manufacturing and achieving self-sufficiency in polymer production.

Commenting on the order win, Mr. Subramanian Sarma, Deputy Managing Director & President – L&T, said: “This is a major order that will not only strengthen our balance sheet but also provide impetus to our demonstrated credentials in downstream hydrocarbon EPC space”.

Mr. E S Sathyanarayanan, Senior Vice President & IC Head of L&T Energy Hydrocarbon – Onshore & Member of the Ecom – L&T: “In the ever-evolving landscape of the hydrocarbon and petrochemical sector, this win for L&T Onshore is a testament to the trust that customers repose in our execution and delivering capabilities. We are fully committed to delivering the project with high standards of HSE and quality”.

L&T Onshore is one of India’s largest EPC businesses, delivering comprehensive Lump Sum Turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors. With a strong execution track record across geographies, it has delivered refinery expansions, petrochemical complexes, gas processing plants, fertiliser plants, LNG terminals and cross-country pipelines.

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Bengaluru, November 19, 2025: The Indian Army has signed a contract for the procurement of BvS10 Sindhu vehicles from Larsen & Toubro Limited (L&T), who teamed with BAE Systems on the programme. Under the contract, L&T will indigenously produce the BvS10 Sindhu at its Armoured Systems Complex in Hazira with technical and design support from BAE Systems Hägglunds, the original manufacturer of the BvS10 platform. The contract also includes a comprehensive integrated logistics support package for initial deployment, maintenance and life-cycle sustainment.

The BvS10 Sindhu is an upgraded variant of the proven BvS10 articulated all-terrain vehicle with adaptations tailored specifically for India’s terrain and climate, including high altitude, desert, marshland and amphibious environments. The upgraded vehicle successfully competed in and flawlessly completed a series of demanding trials demonstrating exceptional performance in both sea-level environments and high-altitude regions.

“The BvS10’s unmatched mobility, flexibility and performance in extreme climatic conditions are critical attributes highlighted by the Indian Army”, said Tommy Gustafsson Rask, Managing Director of BAE Systems Hägglunds. “We are proud to support India’s defence modernisation through this licensing programme, which embodies our commitment to local manufacturing and technology transfer under the Make in India initiative”.

The BvS10 Sindhu programme will deliver enhanced operational, strategic and tactical mobility to the Indian Army’s diverse deployment scenarios while also supporting India’s efforts to modernise its military capability. This award highlights L&T and BAE Systems as key partners to India, providing the country with advanced mobility platforms, while also reinforcing its growing industrial self-reliance in defence manufacturing, increasing resilience and security of supply.

“This contract marks a significant milestone in India’s defence landscape under the Make in India initiative and reaffirms L&T’s strengths in systems engineering and manufacturing of defence-critical requirements at industrial scale, complemented by a proven vehicle platform and the global defence credentials of BAE Systems”, said Arun Ramchandani, Sr. Vice President & Head of L&T’s Precision Engineering & Systems.

The strategic partnership represents a forward-looking model for global security of supply combining world-class technology with indigenous manufacturing to ensure critical defence capability remains available, scalable and sustainable even in times of international disruption.

“The BvS10 contract and licensing agreement in India reflects the exceptional teamwork of BAE Systems Hägglunds and L&T”, said Darren Restarick, BAE Systems Hägglunds Regional Director. “This milestone not only lays the foundation for future growth but also marks the first expansion of BvS10 into Asia – underscoring its unrivalled position in the all-terrain, armoured, amphibious market”.

The BvS10’s articulated mobility provides optimal manoeuvrability across varying terrains, including snow, ice, rock, sand, mud, swamps and steep mountain environments. The vehicle’s amphibious features also allow it to swim in flooded areas or coastal waters. It can deliver personnel and supplies as well as mounted lethality to address any threat in the modern operating environment

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Bengaluru, October 03, 2025: The Buildings & Factories (B&F) vertical of Larsen & Toubro has recently secured major orders in India.

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Bengaluru, September 24, 2025: Larsen & Toubro (L&T) has formed a strategic partnership with Bharat Electronics Limited (BEL) to support Advanced Medium Combat Aircraft (AMCA) programme of the Indian Air Force. The consortium will participate in the Expression of Interest notice issued by Government of India’s (GoI) Aeronautical Development Agency, by way of submitting a response in the coming weeks.

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The scope of work encompasses the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems.

Mr. Subramanian Sarma, Deputy Managing Director & President, L&T, added: “In today’s dynamic energy landscape, where India’s demand for reliable and affordable power continues to grow, this order from the Adani Group reinforces our role as a leading partner in building the country’s critical energy infrastructure”.

Adani Power Ltd, India’s largest private sector thermal power producer with an installed capacity of over 18,000 MW, plays a pivotal role in meeting the nation’s baseload electricity requirements. This project marks another chapter in the long-standing association between L&T and Adani Power, combining L&T’s unmatched engineering and execution capabilities with Adani’s vision of delivering dependable and efficient energy to millions of households and industries across India.

LTECLS is uniquely positioned to integrate deep expertise in engineering, manufacturing and project execution, with a strong focus on delivering solutions for power and low-carbon processes. Its in-house capabilities are further enhanced through collaborations with global leaders in engineering and manufacturing.

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Bengaluru, June 23, 2025: Larsen & Toubro (L&T), India’s premier infrastructure and technology conglomerate, has listed India’s first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India. The company has successfully raised ₹ 500 crore through Non-Convertible Debentures (NCD) at a coupon rate of 6.35% under the Securities and Exchange Board of India’s (SEBI) newly introduced ESG and sustainability-linked bond framework.

The NCDs, having a three-year maturity period, will mature on June 19, 2028, and the interest would be paid on an annual basis. Issued in partnership with HSBC, who served as the sole lead arranger, this landmark transaction adheres strictly to SEBI’s regulatory guidelines introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond issuers. The framework mandates key disclosures, including sustainability objectives, external evaluations such as Second-Party Opinions (SPOs), and continuous post-issuance reporting, with clear Key Performance Indicators (KPIs) to measure ESG impact.

Commenting on the listing, Mr. R. Shankar Raman, President, Whole-time Director & CFO, L&T said, “We are proud to lead India’s transition to sustainable finance through this pioneering ESG bond listing. This initiative underlines our dedication to long-term sustainable development and positions us at the forefront of responsible corporate governance and environmental stewardship. This deal reinforces our commitment to driving L&T’s ESG goals and supporting the larger energy transition objective.”

As part of the sustainability-linked bond agreement, L&T undertakes ambitious environmental commitments, targeting measurable reductions in freshwater withdrawal intensity and greenhouse gas emissions. These goals align with the company’s broader vision of achieving water neutrality by 2035 and carbon neutrality by 2040, supporting India’s national agenda for Net-Zero and climate-resilient growth.

This successful issuance is a significant milestone in India’s financial markets, illustrating growing investor appetite for ESG-compliant financial instruments and setting a benchmark for future sustainable financing ventures.

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While aligned with the goals of national missions like Swachh Bharat Abhiyan, Unnati is built on the principle that development begins with water. In regions affected by acute water scarcity, the program starts with watershed management. Once water security is achieved, it moves forward with sanitation, health, education, and livelihood interventions.

Community-Driven Sanitation at Scale

Unnati introduces sanitation initiatives from the second year of each four-year cycle. Implementation is rooted in direct community engagement—right from design consultations to construction, monitoring, and long-term upkeep.

Across 70 villages in Maharashtra, Rajasthan, and Tamil Nadu, Unnati has helped address entrenched sanitation challenges:

·         4,456 toilets constructed through the program

·         2,719 toilets built independently by families inspired by the initiative

·         41 villages declared open defecation-free across across Maharashtra, Rajasthan, and Tamil Nadu

The model places strong emphasis on local ownership. Village youth are trained in masonry to support construction and maintenance, while women lead household-level change and decision-making. In Rajasthan, toilets carry the names of the women who championed their adoption—marking recognition and leadership at the grassroots.

In Coimbatore, Unnati has touched over 8,000 individuals in partnership with the National Agro Foundation. Beyond sanitation, the focus extends to water access, agricultural support, and capacity-building—ensuring integrated development at the community level.

Unnati is not a one-time intervention. It is a phased, people-first model of development that prioritises dignity, fosters community ownership, and enables sustainable outcomes.

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L&T’s resilient business model, strategic diversification and commitment to innovation positions it for sustained profitable growth. By capitalizing on opportunities in infrastructure, energy, industrial solutions and services, L&T continues to drive value creation for stakeholders. Backed by a strong leadership team and a diversified portfolio, the company is well-equipped to build high-performing teams and navigate evolving market dynamics.

On this occasion Mr. S.N. Subrahmanyan, Chairman & Managing Director said “Mr. Sarma has been instrumental in transforming our Hydrocarbon and Energy businesses, driving innovation, operational excellence, and global competitiveness. His elevation is well deserved, and I am confident that his leadership will further strengthen L&T’s growth trajectory.”

A graduate in Chemical Engineering, Mr. Sarma completed his master’s from IIT Mumbai. A seasoned professional, he has over 40 years of experience, with 30 years being in the Middle East. During his career span, Mr. Sarma has handled the complete Oil & Gas value chain across various geographies. Prior to joining L&T, Mr. Sarma served as Managing Director of a large EPC company. He was appointed on the Board of L&T in August 2015.

Under Mr. Sarma’s leadership, L&T’s Energy portfolio has emerged as one of the leading EPC Contractor globally, by achieving record financial results and being ranked among the top 3 EPC contractors in the Oil & Gas Sector (Middle East) for four consecutive years.

Mr. Sarma said “I am honored to take on this new role at a time when L&T is witnessing strong growth and expansion. I thank the CMD & L&T’s Board Members for their continued trust. I look forward to contributing to the company’s long-term vision and creating sustainable value for stakeholders”

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1.    Brigade Gateway Residences at Neopolis, Kokapet, Hyderabad: Comprising 2 luxury towers, the project will feature one of the tallest buildings in Hyderabad, with configuration being 5B+G+57 floors.

2.    Brigade World Trade Centre at Neopolis, Kokapet, Hyderabad: A commercial tower standing tall at over 200 metres in the configuration of 5B+G+50 floors. It will also accommodate retail space and a five-star hotel – Brigade Neopolis – and will be the tallest mixed-use development in Hyderabad.

3.    Brigade Altius, Chennai: The project will be one of the tallest and prestigious development in the locality in Chennai, comprising 3 Signature towers with configuration being 6 parking levels + 39 apartment floors.

4.    Brigade Morgan Heights, Chennai: The project comprises 10 luxury towers in the configuration of 4 parking levels and apartment floors ranging between 11-21 floors.

All these projects will be executed on a design-and-build basis in stringent timelines. 

Background:

Larsen & Toubro is a USD 27 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. 

* Project Classification

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Bengaluru, February 06, 2025: The Heavy Engineering arm of Larsen & Toubro (L&T) has achieved yet another milestone by despatching the third Steam Generator (SG), ahead of schedule, for the indigenously developed 10 x 700 Megawatt-electric (MWe) Pressurised Heavy Water Reactor (PHWR) fleet programme.

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