LARSEN & TOUBRO LTD.

L&T Semiconductor Technologies (LTSCT), a subsidiary of Larsen & Toubro, has launched 40 new products at SEMICON India 2026. The portfolio focuses on national security, digital sovereignty, and energy resilience, featuring technologies for secure identity, surveillance, and communication. Key highlights include LTSCT's first Silicon Carbide (SiC) MOSFET platform for high-performance power conversion and a fully designed-in-India BLDC motor controller. These launches aim to bolster India's semiconductor ecosystem and support critical infrastructure and emerging technologies like AI and data centers.

Larsen & Toubro Ltd announced today, September 15, 2026, that its Nomination & Remuneration Committee (NRC) has approved the allotment of 28,903 equity shares. These shares are being issued to employees who exercised their options under the company's Employee Stock Option Schemes. The newly allotted shares will carry the same rights and privileges as existing equity shares, ranking pari-passu in all respects. This action is part of the company's ongoing employee incentive programs.

Larsen & Toubro Limited has allotted 50,000 tokenised Non-Convertible Debentures (NCDs) worth ₹500 crore. These are listed, rated, unsecured, redeemable NCDs with a face value of ₹1 lakh each, carrying a 7.40% annual interest rate. The NCDs mature on September 9, 2029, and are issued on a private placement basis using NSDL's Distributed Ledger Technology (DLT) platform. The debentures are proposed to be listed on the National Stock Exchange of India Limited (NSE).

Larsen & Toubro (L&T) has made history by becoming the first private sector corporate in India to issue tokenised bonds, raising ₹500 crore with a 3-year tenure. This pioneering move utilizes SEBI's new blockchain-based tokenisation framework, leveraging Distributed Ledger Technology (DLT) and Central Bank Digital Currency (CBDC) for settlement. The initiative aims to enhance transparency, efficiency, and digitalization in India's corporate bond market, potentially improving liquidity. This transaction underscores L&T's commitment to adopting technology-led solutions for its capital-raising and treasury operations, marking a significant advancement in digital capital-market transactions.

Larsen & Toubro (L&T) through its subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) has announced securing a significant offshore order from Oil & Natural Gas Corporation (ONGC). The contract is for the Additional Development of Ratna–I (ADR I) and NLM-14 project located off India's west coast. The scope of work includes EPCIC (engineering, procurement, construction, installation, and commissioning) for new well-head platforms, a riser platform, subsea pipelines and cables, and modifications to existing offshore installations. This project aims to boost production and support ONGC's ongoing development of its offshore assets in the region. L&T highlighted its extensive experience in offshore EPCIC solutions.

The National Company Law Tribunal (NCLT) has admitted the Joint Company Scheme Petition for a Scheme of Arrangement between Larsen & Toubro Limited (L&T) and L&T Realty Properties Limited (LTRPL). The NCLT's order, dated August 18, 2026 (uploaded September 1, 2026), seeks sanction for the Scheme under Sections 230 to 232 of the Companies Act, 2013. A hearing for the petition has been scheduled for Tuesday, October 6, 2026. This follows a first motion order on June 12, 2026, which directed meetings of equity shareholders and notices to creditors, both of which have been completed. The process also involves sending notices to various statutory authorities for their representations.

Larsen & Toubro's Renewables business has secured a significant order in the Middle East to develop three Battery Energy Storage System (BESS) projects. The scope includes grid interconnections and pooling substations. These projects will collectively provide 6 gigawatt-hour of storage capacity, enhancing grid stability and renewable energy integration. The BESS solutions will feature 4-hour duration and liquid cooling technology, positioning L&T as a key EPC player in the growing energy storage sector.

Larsen & Toubro's subsidiary, L&T Energy Hydrocarbon Onshore (LTEH Onshore), has signed a contract for a significant gas compression project in the Middle East. The project involves EPC for gas compression plants, including inlet facilities, compression systems, and associated utilities, designed to process sour gas. L&T's Power Transmission & Distribution business will also construct two 230 kV substations to meet the project's power needs. This contract is considered strategically important, enhancing gas compression capacity and utility infrastructure, and highlights L&T's expertise in executing large, complex hydrocarbon projects, particularly for challenging sour gas applications.

Larsen & Toubro (L&T), in consortium with Japan's Mitsubishi Heavy Industries (MHI), has won a significant order to design and build the Automated People Mover (APM) System for Phase 1 of Dubai's Al Maktoum International Airport. This project is a crucial part of the airport's expansion to become the world's largest. L&T's scope includes the turnkey delivery of the integrated APM system, covering design, construction, supply, testing, commissioning, and operational readiness. The order is classified as 'Large' by L&T's internal classification, indicating a value between ₹2,500 Cr to ₹5,000 Cr. This win strengthens L&T's position in the GCC's growing mobility infrastructure sector.

Larsen & Toubro's subsidiary, L&T Energy Hydrocarbon Offshore (LTEH Offshore), has secured an 'ultra-mega' order for a strategic offshore development project in the Middle East. The project involves the engineering, procurement, construction, installation, and commissioning (EPCIC) of multiple offshore facilities. A significant portion of fabrication will be done at L&T's manufacturing facilities. This award highlights LTEH Offshore's strong presence and capabilities in executing complex offshore projects in the region, reinforcing customer confidence. The project is described as one of the most significant offshore developments in the Middle East, underscoring investments in meeting future energy demands.