L&T Wins Up to Rs 5,000 Crore in Government Orders

The short version

• L&T has secured two large infrastructure orders worth between Rs 2,500 crore and Rs 5,000 crore.
• The projects cover government buildings in New Delhi and office towers in Amaravati.
• Investors will track project execution, fresh orders and L&T's September quarter results on October 27, 2026.

Larsen & Toubro (L&T) has won two major government infrastructure projects covering the construction of office buildings in New Delhi and Amaravati. The orders were secured by its public spaces, airports and health business vertical, with L&T classifying orders worth between Rs 2,500 crore and Rs 5,000 crore as large.

One project involves two buildings for the Central government's Common Central Secretariat near Kartavya Path in New Delhi. The other covers two high rise office towers in Amaravati, Andhra Pradesh, near the Amaravati Quantum Computing Centre.

Both projects involve large construction areas and multi year execution schedules. The New Delhi project is scheduled for completion in 24 months, while the Amaravati development has a 30 month completion timeline.

Details of L&T's two government projects

The first order has been awarded by the Central Public Works Department (CPWD) for the construction of Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi. L&T will execute the project on an engineering, procurement and construction (EPC) basis. Under this model, the contractor is responsible for engineering, procurement of materials and construction within the agreed project scope.

The two buildings will have a basement, a ground floor and seven upper floors. Their combined built up area will be 32.8 lakh square feet. L&T's responsibilities include structural and architectural work, mechanical, electrical and plumbing systems, and external development.

Following construction, the project also includes a five year operation and maintenance period. This extends L&T's involvement beyond the initial building work and into the period after completion.

The second order comes from the Andhra Pradesh government. It covers two office towers planned on either side of the Amaravati Quantum Computing Centre in Amaravati. Each tower will have a basement, a ground floor and 47 upper floors.

Together, the towers will have a built up area of 37.5 lakh square feet. L&T will execute the project under a design and build arrangement, with its scope covering shell and core construction. Completion is scheduled within 30 months.

L&T order details at a glance

Particulars	New Delhi project	Amaravati project
Client	Central Public Works Department	Andhra Pradesh government
Project	Common Central Secretariat buildings 4 and 5	Two office towers
Location	Kartavya Path, New Delhi	Amaravati, Andhra Pradesh
Built up area	32.8 lakh sq ft	37.5 lakh sq ft
Building configuration	Basement, ground and seven floors	Basement, ground and 47 floors
Execution model	Engineering, procurement and construction	Design and build
Construction timeline	24 months	30 months
Post construction commitment	Five year operation and maintenance period	Not specified in the announcement

L&T has not disclosed the individual contract values of the two projects in the supplied announcement. Its classification places each order within the company's large order category, but the available details do not establish the exact amount awarded for each project.

Why the projects matter for L&T

The two contracts add to L&T's work in large public infrastructure developments. Government construction projects can involve several stages, including design, procurement, civil construction, building services and external development. The revenue generated from these contracts will depend on execution progress and the terms of the respective agreements.

The difference in project timelines is also relevant. The New Delhi buildings are scheduled for completion in 24 months, followed by five years of operation and maintenance. Amaravati's two towers have a 30 month construction schedule. Progress across these timelines will determine how the projects move from order intake to execution.

The Amaravati project involves two towers with a combined built up area of 37.5 lakh square feet. Their planned height of 47 floors above the ground floor makes the project substantially different in configuration from the seven floor buildings in New Delhi.

The latest contracts follow other project announcements from L&T across its infrastructure businesses. They add to the company's recent activity in India and overseas, although the two new orders alone do not establish how much its total order book has changed.

L&T's other recent order wins

L&T has reported fresh orders across multiple business verticals in recent weeks. Its public spaces, airports and health business vertical recently started initial activities for the New Tashkent International Airport project in Uzbekistan. That project adds an overseas airport development to the vertical's work.

Earlier in October, L&T's power transmission and distribution business secured multiple engineering, procurement and construction orders in India and overseas. Those contracts were classified as mega orders, with a value range of Rs 10,000 crore to Rs 15,000 crore.

The latest government building contracts and the earlier power transmission orders cover different infrastructure segments. Together, these announcements show the range of projects being secured across L&T's businesses, from public buildings and airports to power transmission infrastructure.

Other infrastructure related developments include Suzlon's wind project order in Andhra Pradesh, which concerns renewable energy infrastructure. Separately, Reliance Industries' Andhra Pradesh project covers a proposed coal gasification investment. These projects involve different companies and sectors, but share a focus on infrastructure development in India.

L&T share price after the order announcement

L&T shares were trading 0.5% higher at Rs 3,679.10 following the order win announcement, according to the supplied market data. Despite the day's gain, the stock was down 10% so far in 2026 at the time of the update.

The price movement captures the immediate market response described in the source. It does not, by itself, establish how investors value the two new contracts or whether the order wins will change earnings estimates.

JPMorgan had assigned L&T a target price of Rs 5,060 per share in the previous month while retaining its "Overweight" rating. This was the highest target price cited in the supplied material. A brokerage target is an analyst estimate, not a guaranteed future market price.

For investors following L&T, the stock's performance will need to be considered alongside subsequent financial results and the company's ability to execute its growing project pipeline.

What investors should watch

L&T is scheduled to announce its September quarter results on October 27, 2026. The results will provide the next scheduled update on its financial performance after the latest order announcements.

Investors will be able to assess the reported results alongside the company's recent contract wins. The following developments are worth tracking:

• Execution progress on the Common Central Secretariat buildings in New Delhi.
• Construction progress and the 30 month completion schedule for the Amaravati towers.
• Further order announcements across L&T's infrastructure businesses.
• Revenue, profitability and management commentary in the September quarter results.
• Subsequent share price movements relative to the Rs 3,679.10 level cited in the source.

The order announcements provide information about new project activity, while the quarterly results will offer a separate view of the company's financial performance. The next scheduled date is October 27, when L&T is due to report its September quarter earnings.

Frequently asked questions

How much are L&T's new government orders worth?

L&T has secured two large orders that fall within its stated order category of Rs 2,500 crore to Rs 5,000 crore. The supplied announcement does not disclose the individual contract value of each project.

What is L&T building in New Delhi?

L&T will construct Common Central Secretariat buildings 4 and 5 along Kartavya Path in New Delhi for the Central Public Works Department. The buildings will have a combined built up area of 32.8 lakh square feet, with construction scheduled for completion in 24 months.

What is L&T's Amaravati project?

L&T will build two office towers in Amaravati, Andhra Pradesh, on either side of the Amaravati Quantum Computing Centre. The towers will have a combined built up area of 37.5 lakh square feet and are scheduled for completion in 30 months.

What was L&T's share price after the order announcement?

L&T shares were trading at Rs 3,679.10, up 0.5%, after the announcement in the supplied market update. The stock was down 10% so far in 2026 at that time.

When will L&T announce its September quarter results?

L&T is scheduled to announce its September quarter results on October 27, 2026. Investors will be watching the financial performance and management commentary alongside developments in project execution.

What target price did JPMorgan set for L&T?

JPMorgan set a target price of Rs 5,060 per share in the previous month and retained its "Overweight" rating. This is a brokerage estimate and does not guarantee that the stock will reach that price.