L&T Wins up to ₹10,000 Crore Hydrocarbon Order from BPCL

On December 23, 2025, Larsen & Toubro (L&T), India’s largest infrastructure conglomerate, announced that its Hydrocarbon business has secured a major order from Bharat Petroleum Corporation Ltd. (BPCL). The order, classified as “major” by L&T, falls within the ₹5,000 crore to ₹10,000 crore range.

The project involves setting up India’s largest linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) swing unit at BPCL’s Bina refinery in Madhya Pradesh. This development forms a key part of BPCL’s broader plan to expand its refinery capacity and establish a petrochemical complex.

Scope Of the Project

The awarded contract covers engineering, procurement, construction, and commissioning of a LLDPE/HDPE swing unit comprising two trains of 575 KTPA each. The facility will be executed on a Lump Sum Turnkey (LSTK) basis by L&T’s Onshore division.

Once completed, this will be India’s largest LLDPE/HDPE swing unit, marking a significant milestone in the country’s petrochemical infrastructure. The project is integral to BPCL’s Bina refinery expansion, which aims to increase capacity from 7.8 MTPA to 11 MTPA.

Order Classification and Value

L&T categorises orders based on their size, with “major” orders valued between ₹5,000 crore and ₹10,000 crore. This latest contract falls within that range, underscoring its scale and strategic importance.

The company’s classification system also includes “large” orders, which range from ₹2,500 crore to ₹5,000 crore. Last week, L&T’s Buildings & Factories business secured large orders from the Madhya Pradesh State Tourism Development Corporation, highlighting the firm’s strong order inflow across sectors.

Strategic Importance For BPCL

BPCL’s Bina refinery expansion project aims to increase refining capacity while integrating petrochemical production capabilities. The planned LLDPE/HDPE swing unit will allow the company to manufacture a wider range of polymer grades.

This is expected to support domestic demand and reduce reliance on imports. The initiative aligns with India’s broader strategy to strengthen petrochemical manufacturing and enhance value addition in the energy sector.

Larsen & Toubro Share Price Performance

On December 23, 2025, Larsen & Toubro share price opened at ₹4,089.00, compared to the previous close of ₹4,072.40. During the session, as of 11:26 AM IST, the stock had touched a high of ₹4,095.00 and a low of ₹4,075.00, and was trading at ₹4,079.60, up by 0.18%.

The stock recorded a traded volume of 3.12 lakh shares and a traded value of ₹127.33 crore on the NSE. The market capitalisation stood at ₹5,61,181.97 crore.

Read More: L&T Rebrands Data Centre Arm as Vyoma.

Conclusion

L&T’s major order from BPCL marks a significant milestone in India’s petrochemical infrastructure. The project, valued between ₹5,000 crore and ₹10,000 crore, will be executed on a turnkey basis.

It forms a critical part of BPCL’s Bina refinery expansion and supports India’s industrial growth. This contract strengthens L&T’s position in the hydrocarbon sector and highlights its execution capabilities.

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