Indian stock news
On May 30, 2026, Larsen & Toubro (L&T) announced that its Power Transmission & Distribution (PT&D) business has secured multiple "large" contracts in the Middle East. These orders involve the engineering, procurement, and construction (EPC) of 400kV substations and associated transmission lines in Saudi Arabia and the United Arab Emirates. The cumulative value of these contracts is estimated between ₹2,500 crore and ₹5,000 crore. This development reinforces L&T's dominant position in the regional infrastructure market and aligns with the accelerating energy transition initiatives in the GCC countries.