L&T stock gains after company clinches Rs 5,000–10,000 crore BPCL hydrocarbon contract

Larsen Toubro Share Price Today: Larsen & Toubro Ltd. (L&T) on Tuesday announced that its Hydrocarbon business has secured a major engineering, procurement and construction (EPC) order from state-run Bharat Petroleum Corporation Ltd. (BPCL). As per L&T’s classification, the order size falls in the range of Rs 5,000 crore to Rs 10,000 crore.

Scope includes India’s largest LLDPE/HDPE swing unit

The contract involves the engineering, procurement, construction and commissioning of a linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) swing unit at BPCL’s Bina refinery in Madhya Pradesh. The unit will comprise two trains of 575 KTPA each and will be executed by L&T Onshore on a lump-sum turnkey basis.

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Once the project gets completed, it will be India’s largest LLDPE/HDPE swing unit, marking a significant milestone in L&T’s downstream hydrocarbon EPC portfolio.

Key part of BPCL’s Bina refinery expansion plan

The project forms a critical component of BPCL’s ongoing Bina refinery expansion, which aims to increase refining capacity from 7.8 million tonnes per annum (MTPA) to 11 MTPA. The expansion also includes the development of a large integrated petrochemical complex.

Management sees boost to balance sheet and EPC credentials

Commenting on the order win, Subramanian Sarma, Deputy Managing Director and President of L&T, said the project would strengthen the company’s balance sheet and further reinforce its proven capabilities in the downstream hydrocarbon EPC segment.

Recent order momentum remains strong

The latest win comes close on the heels of large orders bagged by L&T’s buildings and factories business from the Madhya Pradesh State Tourism Development Corporation. Those projects were classified as “large” orders, valued between Rs 2,500 crore and Rs 5,000 crore.

L&T shares edge higher

Shares of L&T were trading around 0.3 per cent higher at Rs 4,085 following the announcement. The stock has gained about 11.5 per cent so far in 2025, supported by a steady flow of domestic infrastructure and energy-sector orders.