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Larsen & Toubro

Listed · HQ India

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Kind
Civil contractor
Markets
1
Positions held
10

India's largest engineering and construction group and the default prime for metro civil, HSR and systems packages.

Kind
Civil contractor
Headquarters
India
Ownership
Listed
Segments
Civil works, Track, Electrification, Signalling, Stations & depots, Rolling stock
Technology areas
Track & civil, Digital operations
Present in
India

Footprint

India

KindWhereDetailSources
HeadquartersMaharashtra, Gujarat, Delhi-NCR, Tamil Nadu, Karnataka, Uttar Pradesh, Bihar, Haryana, TelanganaMumbai; Heavy Civil and Railways business groups executing MAHSR civil, track and 508 km electrification packages, Mumbai Line 4/4A systems, Chennai and Agra metro civils, DFC electrification; exited the Hyderabad Metro concession (90% sold to HMRL, 2026)
  • ● Larsen & Toubro · Heavy Civil Infrastructure (metros, HSR, tunnels) (checked 2026-09-06)
  • ● Larsen & Toubro · Press release — MAHSR 508 km electrification mega order (published 2024-01-16 · checked 2026-09-06)
  • ● MMRDA (official) · Tender notices (published 2026 · checked 2026-06-22)
  • ● MMRDA (official) · Package CA-232 tender notice (Line 6 rolling stock & signalling) (published 2025 · checked 2026-06-22)
  • ○ Metro Rail Today · L&T bags $557M (₹4,788 cr) Line 4/4A systems (published 2025-09 · checked 2026-06-22)

Ownership and structure

  • owns L&TMRH — Original PPP concessionaire and owner of L&T Metro Rail (Hyderabad) until the 2026 sale to HMRL (ended)

Positions held

SegmentTechnologyPhase
  • awarded by NMRC — Extension civil — viaduct and 10 elevated stations (August 2026) (active · since 2026-08)
  • awarded by MMRDA — Line 4/4A systems CA package (2025) (active · since 2025)
  • awarded by UPMRC — Agra Corridor 2 elevated civil AGCC-07 (LoA September 2024) (active · since 2024-09)
  • awarded by NHSRCL — MAHSR Shinkansen 2×25 kV electrification — L&T (active · since 2024-02)
  • awarded by HRIDC — HORC SYS-1 electrification — 2×25 kV OHE and SCADA (2024) (active · since 2024)
  • awarded by PMRCL — PC-03 Corridor 2 underground, 6 stations and TBM tunnels (LoA 29 December 2021) (active · since 2021-12-29)
  • awarded by NHSRCL — MAHSR civil C4/C5/C6 (2020-21) and track T-3 (active · since 2021)
  • awarded by NHSRCL — MAHSR C-3 Thane–Boisar civil (active)
  • awarded by K-RIDE — Kanaka corridor C4 civil (active)
  • awarded by NMRC — Aqua Line extensions 10 stations elevated viaduct — L&T (active)
Sources for these relationships (62)
  • ● AIIB (official) · Contract award notice, HORC package C-1 (KCC Buildcon) (published 2022-06-30 · checked 2026-08-20)
  • ○ ANI · NHSRCL signs EW-1 electrification contract (2x25 kV, 14 TSS, 508 km + 3 depots), 2024-02 (published 2024-02-09 · checked 2026-08-20)
  • ● Business Standard (RVNL filing) · RVNL–Rithwik JV $64.4M (₹554 cr) LoA (BSRP C4A) (published 2025-02 · checked 2026-06-22)
  • ○ Deccan Herald · BEML to make India's first bullet trains in Bengaluru (₹866.87 cr, two 8-car 280 kmph trainsets) (published 2024-10 · checked 2026-08-20)
  • ○ Deccan Herald · L&T exits Hyderabad Metro; Telangana government takes full control (90% stake, ₹1,461.47 cr, ₹13,538 cr debt) (published 2026-05 · checked 2026-08-20)
  • ○ The Federal · What is future of Hyderabad Metro as Telangana govt takes over — cumulative losses since inception crossed ₹6,600 cr (published 2025-09-27 · checked 2026-08-20)
  • ● HORCL (official) · Haryana Orbital Rail Corporation Limited — HORC SPV site (published 2026 · checked 2026-08-20)
  • ● HRIDC (official) · Pre-tender query replies, tender HORC/HRIDC/C-6A/2026 — civil works + general electrical services, km 61.50–94.00 (New Patli–New Asaudha) incl. connectivities from Badsa station (published 2026-02-14 · checked 2026-09-05)
  • ● HRIDC (official) · Haryana Rail Infrastructure Development Corporation — site and project pages (published 2026 · checked 2026-08-20)
  • ● HRIDC (official) · Company profile — GoH 51% : MoR 49% JV, incorporated 2017-08-22 (published 2026 · checked 2026-08-20)
  • ● JICA (official) · ODA loan ¥98,612m (≈₹5,509 cr) for Patna Metro Rail Construction Project (I) (JICA's own rupee conversion: approx ₹5,521 cr) (published 2023-03-29 · checked 2026-08-20)
  • ● K-RIDE (official) · Bengaluru Suburban Rail Project (published 2026 · checked 2026-06-22)
  • ● L&T (official) · L&T Construction awarded ('Large': ₹2,500–5,000 cr class) T-3 ballastless track contract, Vadodara–Sabarmati (published 2022-05-05 · checked 2026-08-20)
  • ● MMRDA (official) · Package CA-232 tender notice (Line 6 rolling stock & signalling) (published 2025 · checked 2026-06-22)
  • ● MMRDA (official) · Tender notices (published 2026 · checked 2026-06-22)
  • ○ Millennium Post · L&T bags ₹2,970-crore contract for two Noida Metro extensions (divergent value — see verdict) (published 2026-08-07 · checked 2026-08-20)
  • ○ Metro Rail News · UPMRC issues LOA to L&T for Agra Metro AGCC-07 package (₹1,244.79 cr, Corridor 2 elevated) (published 2024-09-12 · checked 2026-08-20)
  • ○ Metro Rail News · Ayesa becomes L1 for DDC contract of Lucknow Metro Phase 1B (₹15.9 cr vs Systra ₹28 cr) (published 2026-01-31 · checked 2026-08-20)
  • ○ Metro Rail News · 3 leased 6-coach trains (≈₹63 cr) to join Patna Metro fleet by Dec 2026 (published 2026-08-18 · checked 2026-08-20)
  • ○ Metro Rail News · DBL wins HORC package C-5 (21.14 km, ₹1,092.45 cr) (published 2023 · checked 2026-08-20)
  • ○ Metro Rail News · UPMRC floats rolling stock tender (LKRS-02) for Lucknow Metro Phase 1B — scope and bid dates (published 2026-05-06 · checked 2026-08-20)
  • ○ Metro Rail News · L&T bags ₹1,234 cr Noida Metro Aqua Line civil contract (scope: viaduct + 10 elevated stations, two extensions) (published 2026-08-07 · checked 2026-08-20)
  • ○ Metro Rail Today · Egis-led consortium wins General Consultancy contract, Patna Metro Phase 1 (published 2025-04-16 · checked 2026-08-20)
  • ○ Metro Rail Today · RVNL wins ₹1,088 cr civil (tunnel) package, HORC (published 2023 · checked 2026-08-20)
  • ○ Metro Rail Today · L&T bags ₹981 cr electrification contract, HORC (2x25kV OHE, power supply, SCADA) (published 2024 · checked 2026-08-20)
  • ○ Metro Rail Today · L&T bags $557M (₹4,788 cr) Line 4/4A systems (published 2025-09 · checked 2026-06-22)
  • ○ Metro Rail Today · Patna Metro gets three-coach trainset from Maha Metro on rental basis (published 2025-07 · checked 2026-08-20)
  • ○ Metro Rail Today · L&T $519M (₹4,467 cr) Maharashtra track (J-slab) (published 2025-09 · checked 2026-06-22)
  • ○ Metro Rail Today · NMRC 11-station Knowledge Park V extension (published 2025 · checked 2026-06-22)
  • ○ Metro Rail Today · L&T wins ₹1,234 crore civil contract for Noida Metro Aqua Line extension (tender 2026_NMRC_1148041_1; full bidder ranking) (published 2026-08-04 · checked 2026-08-20)
  • ○ Metro Rail Today · Ranjit Buildcon wins ₹383.98 crore civil contract for Lucknow Metro Phase 1B (elevated) (published 2026-05-28 · checked 2026-08-20)
  • ● NHSRCL (official) · Awarded tenders (published 2026 · checked 2026-06-22)
  • ● NHSRCL (official) · Project overview (published 2025 · checked 2026-06-22)
  • ● News on AIR (official broadcaster) · Telangana government to take over Hyderabad Metro Rail Phase I (published 2026 · checked 2026-08-20)
  • ● PIB (official) · Backgrounder: Mumbai–Ahmedabad High-Speed Rail — Advancing India's Rail Modernisation (12 stations; 3 depots; 21 of 25 river bridges in Gujarat; HSR Training Institute Vadodara; first service Aug 2027) (published 2026-06-12 · checked 2026-08-20)
  • ● PIB (official) · MAHSR project updates, Lok Sabha reply (Gujarat: foundation/piers 352 km, girder casting 342 km, launching 331 km, track bed 152 km, OHE masts 121 km; 8 Gujarat station foundations complete) (published 2026-02-11 · checked 2026-08-20)
  • ○ PSU Watch · RITES, in consortium, secures ₹79.22 cr share in Patna Metro consultancy (published 2026-07-13 · checked 2026-08-20)
  • ○ Rail Analysis India · NHSRCL awards ₹4,140.06 cr signalling & telecom (DS-ATC) contract to DRA Infracon–Siemens JV (published 2025-06 · checked 2026-08-20)
  • ○ RailPost · NHSRCL–KCS AVADH consortium sign agreement for rolling stock maintenance machinery (signed 2026-08-07; no value stated) (published 2026-08-11 · checked 2026-08-20)
  • ○ Siasat · K-RIDE $176M (₹1,513 cr) coach contract with ICF (published 2026 · checked 2026-06-22)
  • ○ Swarajya · L&T $1.83B (₹15,697 cr) C-3 (Thane–Boisar) civil (published 2024 · checked 2026-06-22)
  • ○ Swarajya · PNC Infratech wins 26 km Dhulawat–New Patli stretch, HORC (published 2023 · checked 2026-08-20)
  • ○ tele.net · RailTel secures ₹82.04 cr S&T contract from HRIDC (Dhulawat–Manesar–New Patli; completion 2027-11-27) (published 2026-06-09 · checked 2026-08-20)
  • ○ The Metro Rail Guy · L&T–Sojitz JV awarded MAHSR electrification contract EW-1 (L&T 'Mega' class ₹10,000–15,000 cr) (published 2024-01-16 · checked 2026-08-20)
  • ○ The Metro Rail Guy · HCC wins Patna Metro's PC-05 & PC-06 underground contracts (published 2025-06-10 · checked 2026-08-20)
  • ○ The Metro Rail Guy · KCC Buildcon wins HORC C-1 priority section (₹158.16 cr) (published 2022-04-22 · checked 2026-08-20)
  • ○ The Metro Rail Guy · PNC Infratech wins HORC C-23 contract (₹771.46 cr) (published 2023-02-28 · checked 2026-08-20)
  • ○ The Metro Rail Guy · RVNL wins HORC C-4 tunnel contract (published 2023-03-18 · checked 2026-08-20)
  • ○ The Metro Rail Guy · HORC project page — route, packages, status (published 2026 · checked 2026-08-20)
  • ○ The Metro Rail Guy · L&T awarded HORC electrification contract SYS-1 (₹980.68 cr) (published 2024-08-10 · checked 2026-08-20)
  • ○ The Metro Rail Guy · KPIL–Gulermak awarded Kanpur Metro Line-2 KNPCC-11 (₹762.50 cr, 8.38 km underground) (published 2023-12-23 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Ceigall awarded Kanpur Metro Line-2 KNPCC-12 (₹427.11 cr excl. GST) (published 2024-03-15 · checked 2026-08-20)
  • ○ The Metro Rail Guy · L&T wins BSRP Kanaka (C4) civil (published 2023-12 · checked 2026-06-22)
  • ○ The Metro Rail Guy · MAHSR project page (Gujarat section ≈351.3 km; package table C4–C8, T-2, T-3, EW-1) (published 2026 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Patna Metro — information, route map, tenders & updates (published 2026 · checked 2026-08-20)
  • ○ The Tribune · Kurukshetra gets elevated rail corridor and Thanesar station; PM inaugurates (≈₹447 cr, 5.875 km) (published 2026-07 · checked 2026-08-20)
  • ● UPMRC (official) · Official website — corporate identity: 50:50 GoI/GoUP joint venture; Lucknow, Kanpur and Agra metro projects (published 2026 · checked 2026-08-20)
  • ○ Urban Transport News · IRCON signs ₹5,142 cr T-2 track contract (Zaroli–Vadodara, 237 km), 2022-01-21 (published 2022-01 · checked 2026-08-20)
  • ○ Urban Transport News · L&T awarded ₹1,989 cr civil contract (PC-03), Patna Metro (published 2021-12 · checked 2026-08-20)
  • ○ The Week · Why L&T had to hand over Hyderabad Metro to Telangana government (published 2026-04-30 · checked 2026-08-20)
  • ○ Wikipedia (cross-checked) · Noida Metro (published 2026 · checked 2026-08-20)
  • ○ Wikipedia (cross-checked) · Patna Metro (published 2026 · checked 2026-08-20)

Competes with

Other civil contractor players present in the same markets.

PlayerHQMarketsPositions
RVNLIndiaIndia6
GülermakTürkiyeIndia5
DBLIndiaIndia4
HCCIndiaIndia4
Ranjit BuildconIndiaIndia4
AfconsIndiaIndia3
CeigallIndiaIndia3
Tata ProjectsIndiaIndia3

Withheld in the free surface

  • Incumbent positions
  • Partner path

Full detail withheld: 2 fields. In the India edition · See a fully open example

1 source · primary
  • ● Larsen & Toubro · Heavy Civil Infrastructure (metros, HSR, tunnels) (checked 2026-09-06)

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.