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NCLT Admits L&T Realty Scheme Petition as L&T Receives Mega Work Order

Larsen & Toubro logoLarsen & Toubro
Sig3.11Sen+2.95Env0.00Soc0.00Gov+1.58

The NCLT Mumbai Bench has admitted a joint company scheme petition for Larsen & Toubro and L&T Realty Properties Ltd, with the next hearing set for Oct 6, 2026. The tribunal ordered L&T to convene equity shareholder meetings within 60 days and issue notices to creditors. L&T also received a confirmed mega work order worth Rs 10,000–15,000 crore, about 13.5% of average quarterly revenue and 0.54 quarters’ coverage, as revenue grew from Rs 158,788.30 crore in FY22 to Rs 292,569.10 crore in FY26.

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