Larsen & Toubro Share Price in Focus; Wins Road Development Contract in Dubai

Larsen & Toubro Limited has announced that its Transportation Infrastructure business vertical has secured a road development contract in Dubai, United Arab Emirates, as disclosed to stock exchanges on February 10, 2026. 

Details of the Dubai Road Project 

The contract relates to Phase 1 of the Latifa Bint Hamdan Street road development initiative undertaken by authorities in the United Arab Emirates. The project covers improvement of the road corridor between Emirates Road E611 and Sheikh Mohammed Bin Zayed Road E311. 

Scope of Work and Infrastructure Development 

The scope includes widening the existing 2 lane dual carriageway into a 4 lane dual carriageway in each direction to improve traffic capacity. A major structural interchange will be constructed at E311 to support traffic movement across all directions. 

Additional Corridor Enhancements 

Beyond the main interchange, the corridor will be extended with a new 4 lane dual carriageway along Latifa Bint Hamdan Street. The project also includes construction of a dedicated interchange to enable U turn movements and improve access to developments on both sides of the corridor. 

Order Classification 

As per L&T’s internal classification system disclosed in the press release, this contract falls under the Significant category, representing a contract value between ₹1,000 to ₹2,500 Crore. 

The road development project is scheduled for completion within 36 months from the commencement date, as per the company disclosure. 

Read More: Eversource-Backed Radiance Renewables Raises $100 Million from Impact Fund Denmark and FMO for Expansion! 

Company Background 

Larsen & Toubro Limited is an Indian multinational engaged in engineering, procurement and construction projects, manufacturing, and services across multiple geographies. The company operates with an established presence in infrastructure and industrial projects and reported an overall business scale of $30 billion. 

Larsen & Toubro Share Price Performance  

As of February 10, 2026, at 12:29 PM, Larsen & Toubro share price on NSE was trading at ₹4,152.10 up by 0.94% from the previous closing price. 

Conclusion 

The awarded contract outlines Larsen & Toubro’s involvement in a transportation infrastructure project in Dubai, detailing the scope of road widening, interchange construction, and the planned execution timeline. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.