Amalgamation of L&T Power Development Limited, a wholly owned subsidiary of the Company, with the Company
As filed · Larsen & Toubro Limited has informed the Exchange about Amalgamation/Merger of L&T Power Development Limited, a wholly owned subsidiary of the Company, with the Company
What happened
FactLarsen & Toubro Limited's Board of Directors has approved the merger of its wholly owned subsidiary, L&T Power Development Limited, with the Company. This decision follows recommendations from the Audit Committee and is in accordance with the Companies Act, 2013. The Board also approved the consolidated and standalone unaudited financial results for the quarter ended June 30, 2026.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
DelayedWe remain committed to executing this project with the highest standards of quality, safety, and operational excellence
L&T Energy CarbonLite Solutions has secured a Limited Notice to Proceed (LNTP) from NTPC Ltd for the main plant package of the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh.
Change
FactImplication
CapitSignal interpretationOrder Book
WithdrawnThis award is our third ultra-supercritical project from NTPC in the past two years, reflects the trust that India’s largest power utility continues to place in our engineering, manufacturing and project execution capabilities.
We remain committed to executing this project with the highest standards of quality, safety, and operational excellence
Change
FactImplication
CapitSignal interpretationOrder Book
RevisedTotal order book grew from 1289116 crore as of 30-Jun-24 to 1467953 crore as of 30-Jun-25
Energy Segment order inflow grew from 87.9 to 314.2 (>100%) Y-o-Y in Q1 FY26
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- Prospect pipeline of ₹ 8 trillion for the remaining nine months (management committed by FY26)
- Strong prospect pipeline of ~ Rs 15 trn for remaining nine months (management committed by FY26)
Evidence
- Outcome of Board Meeting(opens the original filing in a new tab)
- Earlier statement · Q2 FY27
- Latest statement · Q2 FY27
- Earlier statement · Q2 FY27
- Latest statement · Q2 FY27
- Earlier statement · Q1 FY26
- Latest statement · Q1 FY26
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +2 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%