Larsen & Toubro (L&T), an Indian multinational known for its Engineering, Procurement, and Construction (EPC) projects, has announced that its Power Transmission & Distribution (PT&D) business has won significant contracts in the Middle East for extra-high-voltage substations. The contracts, valued between ₹1,000 crore and ₹2,500 crore (approximately $120 million to $300 million USD), include the construction of one 380 kV substation and two 132 kV substations on a turnkey basis. These projects are designed to ensure a reliable power supply to large load centers and alleviate grid congestion in response to increasing electricity demand. The execution of these projects will adhere to stringent timelines. Despite these developments, L&T reported a 3.12% decline in consolidated net profit to ₹5,325.60 crore in Q4 FY26, even as revenue from operations rose by 11.25% to ₹82,762.16 crore compared to Q4 FY25. Following the announcement, L&T's stock saw a slight increase of 0.39%, trading at ₹3,871.80 on the Bombay Stock Exchange (BSE).