On August 1, 2025, Larsen & Toubro’s Minerals & Metals (M&M) vertical announced securing a key engineering, procurement and construction (EPC) contract from Vedanta Group company Hindustan Zinc Limited (HZL) for the expansion of the Debari smelter complex in Rajasthan.
The project entails setting up a leaching, purification, and cellhouse plant with a capacity of 250 ktpa, along with a 125 ktpa jarosite circuit. This facility is engineered to produce special high-grade zinc cathodes with a purity level of 99.995%. L&T is responsible for delivering end-to-end EPC services, which cover the design, procurement, installation, and commissioning of the complete plant infrastructure. This includes facilities such as calcine storage, leaching units, purification systems, and a jumbo cellhouse, as well as supporting systems like utilities, a reverse osmosis–zero liquid discharge (RO-ZLD) effluent treatment plant, electrical works, instrumentation, and automation solutions.
Key Fundamentals
The current market capitalization of Larsen & Toubro is ₹4,95,748 crore and its share price is ₹3,604. The company has a price-earnings ratio of 31.9 and an earnings per share (EPS) of ₹115. It offers a return on capital employed (ROCE) of 14.5% and a return on equity (ROE) of 16.6%. Its book value is ₹710 per share and a price-book ratio of 5.02. Its dividend yield is 0.94% at a face value of ₹2.00 per share.
From a technical perspective on the daily timeframe, Larsen & Toubro stock indicators show an RSI of 56.21, with the 50-day, 100-day and 200-day exponential moving averages all trading above the current price, indicating a consistent medium to long-term trend.
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