Larsen & Toubro secures 1,600 MW plant. Larsen & Toubro stock gains 1.96 percent

Published on 10/09/2026 at 12:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The project uses two 800 MW units and awaits environmental clearances. Larsen & Toubro stock last stood at INR 3,696.00 on October 9, 2026, up 1.96 percent.

Key points in brief

Larsen & Toubro secured a limited notice to proceed for a 1,600 MW thermal power plant on October 7, 2026.
The company also reported INR 100.0-150.0 billion of power transmission orders on October 5, 2026.
Larsen & Toubro stock was last at INR 3,696.00 on October 9, 2026, up 1.96 percent versus INR 3,625.10.
Motilal Oswal reiterated a Buy rating with an INR 4,400 target dated October 7, 2026.

Larsen & Toubro, INE018A01030, Illustration mit AI erstellt.

Larsen & Toubro (ISIN INE018A01030) secured a limited notice to proceed for a 1,600 MW Chandrapura thermal power plant on October 7, 2026, while Larsen & Toubro stock gained 1.96 percent to INR 3,696.00. According to Larsen & Toubro, the project comprises two 800 MW ultra-supercritical units, but the full notice to proceed depends on environmental clearances.

Power orders widen the backlog

The latest plant mandate follows multiple power transmission and distribution orders announced on October 5, 2026. Larsen & Toubro said the work covers 380 kV transmission and substations in Saudi Arabia, 132/11 kV substations in the United Arab Emirates, and a transmission system in Visakhapatnam.

Business Today reported that the order package was valued at INR 100.0-150.0 billion. That scale gives the recent announcements a direct link to execution visibility, although the Chandrapura award remains conditional on approvals.

What does the pipeline mean?

Moneycontrol reported on October 8, 2026 that Motilal Oswal retained a Buy rating and an INR 4,400 target from its October 7 research note. The same report cited an INR 7.8 trillion order book as of June 2026 and an INR 15.0 trillion prospect pipeline for the first nine months of fiscal 2027.

For the company, the comparison is between a large secured backlog and the execution risks attached to complex projects. Motilal Oswal said West Asia disruption had affected some onshore, hydrocarbon, and solar work, while announced second-quarter fiscal 2027 inflows had reached INR 1.3 trillion.

Three dated operating milestones

On June 30, 2026, the order book stood at INR 7.8 trillion, according to Moneycontrol. On October 5, the company announced INR 100.0-150.0 billion of transmission orders, and on October 7 it secured the 1,600 MW Chandrapura limited notice to proceed, according to Larsen & Toubro.

Next date is October 28

The next reported earnings date listed for Larsen & Toubro is October 28, 2026, according to InvestPane. The date gives the market a scheduled checkpoint for progress on orders and execution.

Stock gains while below its high

Larsen & Toubro was last at INR 3,696.00 on the NSE on October 9, 2026 at 3:15 p.m. IST, up 1.96 percent versus the prior close of INR 3,625.10. Its 52-week range was INR 3,288.10 to INR 4,440.00, placing the latest quote 16.76 percent below the high. The share was valued at INR 5.1 trillion by market capitalization.

Market context: Market report BSE Sensex.