Merger28 Jul 2026, 05:41 pm
L&T Board Approves Merger of L&T Power Development Ltd.
AI Summary
Larsen & Toubro Limited's Board of Directors has approved a Scheme of Amalgamation to merge its wholly-owned subsidiary, L&T Power Development Limited, with the company. This merger, subject to NCLT approval, aims to streamline operations and consolidate the business structure. The board also approved the consolidated and standalone un-audited financial results for the quarter ended June 30, 2026, reporting revenues of ₹67,942 crore (up 7% YoY) and PAT of ₹4,123 crore (up 14% YoY). Group order inflows reached ₹108,014 crore, a 14% increase YoY.
Key Highlights
- L&T board approves merger of wholly-owned subsidiary L&T Power Development.
- Quarterly results show 7% revenue growth and 14% PAT growth.
- Group order inflows surged by 14% year-on-year.
- Merger is subject to National Company Law Tribunal (NCLT) approval.
- Financial results for Q1 FY27 declared with key growth metrics.
Price Impact
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