L&T Surges 3.5% on Water Management Project Win

Shares of Larsen and Toubro Ltd (L&T) surged 3.5% to hit a day’s high of Rs 3,644.20 on 25th March. This rise followed after the company announced it had secured a “significant” order for its Water & Effluent Treatment (WET) business from the Guwahati Metropolitan Drinking Water & Sewerage Board in Assam.

The project aims to build a 24/7 water supply system for households in South-East Guwahati. This will improve the reliability of the city’s water infrastructure.

L&T classifies this as a “significant” order, typically valued between Rs 1,000 crore and Rs 2,500 crore.

The work includes designing and building key infrastructure, such as intake systems, pipelines, a water treatment plant, reservoirs, pumping stations, and a full distribution network with household connections.

It also involves setting up a SCADA system for real-time monitoring, along with operations and maintenance for five years.

The company said the project strengthens its presence in Northeast India and supports its focus on expanding water infrastructure projects.

L&T Q3 Results

For the December quarter, L&T reported a 4.3% fall in net profit to Rs 3,215 crore. Additionally, revenue rose 10.5% to Rs 71,449 crore. EBITDA increased 18.6% to Rs 7,416 crore, with margins improving to 10.4%.

At 12:37 PM, shares of L&T were trading 3.40% higher at Rs 3,636.40 on the NSE.

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