L&T Lands ₹1,000-2,500 Crore Deal to Build Advanced Auto Plant Near Bengaluru

Larsen & Toubro (L&T), the renowned Indian multinational conglomerate, has secured a significant order to construct a cutting-edge automobile manufacturing plant near Bengaluru. The deal, valued between ₹1,000 and ₹2,500 crore, was announced in a recent stock market filing, marking another milestone for L&T's Buildings & Factories (B&F) business vertical.

This project is set to be a state-of-the-art facility, adhering to the Indian Green Building Council (IGBC) norms, which emphasize sustainable and eco-friendly construction practices. The scope of the project encompasses the comprehensive design and execution of civil, structural, architectural, and mechanical, electrical, plumbing, and fire (MEPF) services. This all-encompassing approach highlights L&T's expertise in delivering complex industrial projects on a design-and-build basis.

The B&F vertical of L&T has a rich history of undertaking diverse EPC (Engineering, Procurement, and Construction) projects across various sectors. Over the years, it has emerged as a total solutions provider in the factory construction segment, showcasing its ability to handle intricate and large-scale industrial projects.

While the client for this prestigious project remains unnamed, the construction of this advanced automobile manufacturing plant is expected to bolster the industrial landscape near Bengaluru. The location is strategic, given Bengaluru's status as a major tech and manufacturing hub in India.

L&T's recent successes extend beyond this automobile plant project. In early July, the company's precision engineering systems business vertical won an order for the partial construction of two Fleet Support Ships (FSS) from Hindustan Shipyard Limited (HSL), intended for the Indian Navy. These achievements underscore L&T's robust capabilities and its position as a leader in the engineering and construction industry.

Larsen & Toubro, with a market capitalization of USD 27 billion, has a strong customer-focused approach and a relentless pursuit of quality, enabling it to maintain leadership in its core business areas for over eight decades. This commitment to excellence is reflected in its stock performance as well. During Wednesday's trade, L&T's shares rose by 0.75%, or over 28.20 points, to reach ₹3,810.80. Over the past year, L&T's stock has appreciated by more than 287 points, or 8.16%.

This new project near Bengaluru not only reinforces L&T's leadership in the construction sector but also highlights its continued contribution to India's industrial growth. As the company takes on this significant venture, it remains a testament to L&T's unwavering dedication to quality, innovation, and sustainable development.