L&T Secures Second 'Large' Order in Three Days from Petronet LNG; Shares Gain
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CNBC TV18•16-01-2026, 10:26
L&T Secures Second 'Large' Order in Three Days from Petronet LNG; Shares Gain
- •Larsen & Toubro (L&T) secured a "large" order from Petronet LNG for storage tanks at Dahej Petrochemical Complex, Gujarat.
- •The order, valued between ₹2,500 crore to ₹5,000 crore, is for LNG/ethane and propane double-wall storage tanks.
- •This marks L&T's second "large" order in three days, following a 3,000 MW Saidongar-1 Pumped Storage Project in Raigad, Maharashtra, from Torrent Energy Storage Solutions Pvt. Ltd.
- •The Dahej project is India's first petrochemical complex integrating cold energy utilisation from an LNG terminal.
- •L&T shares gained 1.1% to ₹3,908.6 apiece, despite recent concerns over potential project cancellations in Kuwait.
Why It Matters: L&T's shares rose after securing a significant storage tank order, marking its second large win this week.
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