Larsen & Toubro Limited — Important, 18-02-2025: General Updates

Larsen & Toubro has acquired an additional 26% stake in its subsidiary, L&T Special Steels and Heavy Forgings Private Limited (LTSSHF), from Nuclear Power Corporation of India Limited (NPCIL), making LTSSHF a wholly owned subsidiary. This acquisition allows L&T to enhance its investment capabilities in LTSSHF, broadening its service offerings beyond energy sectors and improving utilization rates. LTSSHF operates in the special steel and heavy forgings industry, boasting a sophisticated facility that includes one of India's largest Electric Arc melting furnaces and a 9000-ton hydraulic press. Over the past three fiscal years, LTSSHF reported revenues of ₹504 crore, ₹361 crore, and ₹263 crore, highlighting strong growth potential in its operations. The positive outlook for LTSSHF may create new opportunities for L&T, reinforcing its strategic positioning in diverse market sectors.