L&T inches up on securing framework agreement with TenneT for 2 GW offshore wind programme

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

28 Jul 2026 Evaluate

Larsen & Toubro is currently trading at Rs. 3813.20, up by 9.00 points or 0.24% from its previous closing of Rs. 3804.30 on the BSE.

The scrip opened at Rs. 3814.35 and has touched a high and low of Rs. 3823.50 and Rs. 3794.25 respectively. So far 15296 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4440.00 on 24-Feb-2026 and a 52 week low of Rs. 3288.65 on 23-Mar-2026.

Last one week high and low of the scrip stood at Rs. 3,841.95 and Rs. 3720.00 respectively. The current market cap of the company is Rs. 522907.78 crore.

The Institutions and Non-Institutions held 62.39% and 37.60% stake in the company respectively.

Larsen & Toubro (L&T) has secured a Framework Cooperation Agreement (FCA) (Ultra-Mega) with TenneT for 2 GW Offshore Wind Programme. The company, in consortium with Hitachi Energy, entered into FCA covering in principle six projects and future opportunities under TenneT’s ambitious 2-GW HVDC programme. The framework is designed to support large-scale integration of offshore renewable energy and accelerate Europe's transition towards a sustainable and decarbonised clean energy future. The company has categorized this contract as an Ultra-Mega, with a value of over Rs 15,000 crore.

As part of the programme, the consortium will continue the execution of two ongoing projects - IJmuiden Ver Alpha and Nederwiek 1 - in the Netherlands. In addition, the consortium will commence two new projects, Nederwiek 3 in the Netherlands and LanWin 5 in Germany. Together, these projects represent a cumulative transmission capacity of 8 GW operating at 525 kV. The projects will enable the transfer of renewable energy generated in the Dutch and German sectors of the North Sea to the onshore power grids.

Under the engineering, procurement, construction and installation scope, the company will execute the offshore converter platforms and associated infrastructure, while Hitachi Energy will provide its HVDC Light technology for efficient power conversion and transmission. Combining the company’s offshore engineering and project execution expertise with Hitachi Energy’s advanced power transmission capabilities, the consortium is uniquely positioned to deliver reliable HVDC infrastructure that will accelerate Europe’s renewable energy transition and support its decarbonisation goals.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Larsen & Toubro Share Price

4050.00 2.00 (0.05%)

06-Aug-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4050.00
Kalpataru Projects	1293.95
Rail Vikas Nigam	234.00
KEC International	477.95
NCC	143.75
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