Larsen & Toubro Limited (L&T), a prestigious Indian multinational conglomerate, is renowned for its diverse ventures across industrial technology, heavy engineering, construction, manufacturing, power, information technology, military, and financial services.
On January 22, 2025, the Ministry of Defence formalised a landmark contract with Larsen & Toubro Ltd. for the procurement of 41 sets of advanced modular bridges for the Indian Army, with a staggering value of ₹2,585 crore.
These cutting-edge bridges, meticulously designed and developed by the Defence Research and Development Organisation (DRDO), will be manufactured by L&T, which has been appointed as the exclusive production partner by DRDO authorities.
The acquisition of 41 indigenous modular bridges worth over ₹2,585 crore will enhance the operational capabilities of the Indian Army’s Corps of Engineers. These state-of-the-art bridges will replace the current manually launched Medium Girder Bridges, offering advantages such as longer span capabilities, faster construction times, and mechanical launch and retrieval features.
The procurement is set to bolster the Indian Army’s bridging capacity, particularly along the Western front, and stands as a testament to India’s impressive strides in designing and manufacturing world-class military hardware. This initiative also opens doors for potential defence exports to allied nations.
Larsen & Toubro Ltd. reported a robust 5.4% year-on-year increase in net profit for Q2 FY25, reaching ₹3,395 crore. This growth was primarily driven by superior project execution, despite a 10% decline in new orders, which stood at ₹80,045 crore.
The company’s consolidated revenue surged by an impressive 21%, amounting to ₹61,555 crore, with international revenues contributing 52% to the total. L&T has maintained its full-year outlook, targeting a 15% growth in revenue and a 10% rise in order inflows.
At 1:46 PM today, Larsen and Toubro Ltd. shares traded at ₹3,508.70 per share on the NSE.
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Published on: Jan 22, 2025, 3:46 PM IST
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