Larsen & Toubro is a Publicly Owned company headquartered in India, employing approximately 130,120 individuals. The company is engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating in over 50 countries worldwide.
On March 13, 2026, Larsen & Toubro's (L&T) Global General Counsel, Hemanth Kumar, emphasized the need for businesses to adapt legal strategies to address evolving risks in international markets, particularly the Middle East, where large infrastructure investments are concentrated. He highlighted supply chain volatility and regulatory uncertainties as key factors shaping the legal landscape for global operations. Earlier on March 12, L&T's shares dropped ₹608.43 billion in market value since late February, a decline attributed to rising Middle East tensions. Despite this recent share price dip, the company's valuation parameters shifted from fair to attractive territory, with improved price-to-earnings and price-to-book value ratios suggesting a compelling opportunity for investors. Also on March 12, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chennai allowed an appeal filed by Larsen & Toubro, ruling that contracts cannot be classified as manpower supply services when workmen are not integrated into the hiring organization.
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