Larsen & Toubro Limited — Credit Ratings, 01-05-2026: Credit Rating- Revision

NSE Sustainability Ratings & Analytics gave Larsen & Toubro an FY2025 ESG rating of 58, categorizing it as 'Moderate' (down from 63 in FY24). Environmental performance was mixed, showing improved GHG emissions but higher water intensity. Governance remains strong. Socially, concerns include 33 worker fatalities and high grievances. Notably, K-RIDE encashed Rs. 57 crore bank guarantees from L&T.