Larsen & Toubro (LTOUF) News Today

Larsen & Toubro Limited (LTOUF) News Summary

Shares of L&T are moving in response to legal skirmishes over major Mumbai infrastructure tenders and corporate developments. Below are the key factors likely influencing investor sentiment.

• Ex-dividend announcement: L&T will go ex-dividend next week, providing a direct return to shareholders.
• SC questions disqualification: The Supreme Court has challenged L&T’s exclusion from a ₹6,000 crore Mumbai infra project, suggesting possible reinstatement.
• Retendering directed: After the SC asked MMRDA to consider retendering, the Maharashtra government sought additional time—an encouraging sign for L&T’s bid prospects.

• Bid rejection under review: The Supreme Court is scrutinizing MMRDA’s rejection of L&T’s ₹3,100 crore bids, though the final outcome remains uncertain.
• Mixed share performance: L&T rose on Thursday but lagged behind peers, reflecting broader sector dynamics.
• Upcoming SC hearing: The Supreme Court will hear L&T’s plea alleging tender irregularities by MMRDA, with a decision pending.
• Board pay and staffing: In FY25, L&T’s board remuneration doubled while employee headcount fell 1.4%, indicating cost management and governance shifts.

• Tunnel project tender scrapped: MMRDA informed the SC it will cancel the tender for the Mumbai tunnel worth ₹14,000 crore, denting L&T’s order book.
• Key infra tender canceled: The Supreme Court closed L&T’s plea after the Mumbai civic body annulled a ₹14,000 crore infrastructure tender.
• Disqualification defended: Maharashtra authorities told the SC that L&T’s disqualification from certain road projects was justified, delaying potential reversals.

Investors should closely watch the Supreme Court’s rulings and any retendering decisions, as these will be pivotal for L&T’s near-term order visibility and share performance.