Larsen & Toubro wins power order: target for Larsen & Toubro stock is INR 4,400
Published on 10/08/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Larsen & Toubro had secured a limited notice to proceed for a 1,600 MW thermal power project in Jharkhand on October 7, 2026, with the order classified at INR 50.0 billion to INR 100.0 billion after conversion from INR 5,000 crore to INR 10,000 crore, ETEnergyWorld reported. Motilal Oswal's report dated October 7, 2026, set an INR 4,400 target for Larsen & Toubro stock and reiterated a Buy rating, according to Moneycontrol.
Thermal order carries conditions
L&T Energy CarbonLite Solutions will handle the main plant package for the Chandrapura project, including design, engineering, manufacturing, supply, erection, testing and commissioning. The plant will use two 800 MW ultra-supercritical units, giving the contract a total planned capacity of 1,600 MW.
The order is not yet a full start notice. DVC CIL Power Private Ltd will issue the notice to proceed after the project receives environmental clearances and the limited notice period ends, ETEnergyWorld reported on October 7, 2026. That condition makes execution timing the key counterweight to the headline order value.
Order book supports valuation case
Motilal Oswal cited an INR 7.8 trillion order book as of June 2026 and an INR 15.0 trillion prospect pipeline for the first nine months of fiscal 2027. Its report projected core engineering and construction order inflows to grow at a 10.00 percent compound annual rate and revenue at 14.00 percent through fiscal 2029, according to Moneycontrol.
The comparison matters because the INR 4,400 target rests on projected expansion rather than on the thermal project alone. The same report said West Asia disruptions had affected some onshore, hydrocarbon and solar work, while Middle East projects represented INR 775.0 billion of announced second-quarter fiscal 2027 inflows.
NSE quote reflects execution debate
On the NSE, Larsen & Toubro was trading at INR 3,613.10 on October 8, 2026 at 2:50 p.m. IST, down 2.39 percent from the prior close of INR 3,701.50. The intraday quote sat within a 52-week range of INR 3,288.10 to INR 4,440.00, keeping the analyst target and project conversion milestones central to the valuation discussion.
The further course of trading is shown by the continuously updated real-time quote of Larsen & Toubro stock.
Larsen & Toubro stock facts
- Company: Larsen & Toubro Limited
- ISIN: INE018A01030
- Ticker: LT.NS
- Primary exchange: NSE
- Market capitalization: INR 5.0 trillion (as of October 8, 2026)
- 52-week range: INR 3,288.10-4,440.00 (as of October 8, 2026)
- Sector / Industry: Industrials / Construction and Engineering
