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L&T's Metals & Minerals business has secured mega orders (₹10,000–15,000 crore) across the mining, ferrous and non-ferrous segments.

ICICIdirect Research 21 Jul 2026 DISCLAIMER

News: L&T's Metals & Minerals business has secured mega orders (₹10,000–15,000 crore) across the mining, ferrous and non-ferrous segments. The company won an EPC contract from NMDC for an 18 MTPA Iron Ore Handling Plant in Chhattisgarh as part of its 100 MTPA iron ore capacity expansion by 2030, along with multiple packages for the expansion of SAIL's IISCO Steel Plant in West Bengal from 2.5 MTPA to 7.1 MTPA. L&T also secured an EPC order for a zinc processing plant from a leading private-sector metals producer.

View: These mega order wins strengthen L&T's industrial EPC order book and reinforce its leadership in the metals and minerals segment. The orders support management's FY27 order inflow growth guidance of 10–12%, providing healthy order inflow visibility and a strong execution pipeline, while positioning the company to benefit from India's ongoing investments in mining, steel and non-ferrous capacity expansion.

Impact: Positive

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