Larsen & Toubro Clarifies Kuwait Oil Project Tender News
Larsen & Toubro Limited clarified that oil project tenders in Kuwait, reportedly worth $8.7 billion, were not part of the company's order book. The company stated it cannot comment on client tender status or commercial decisions.
The clarification states that the projects in question were not part of the company's order book, thus mitigating any potential negative impact on Larsen & Toubro's business or financials.
The company provided a factual clarification to a media report, stating the projects were not part of their order book. This neutral statement aims to address market concerns without indicating a positive or negative impact on the company's financials.
Larsen & Toubro Limited has issued a clarification regarding a news item that appeared on www.moneycontrol.com on January 13, 2026, captioned “Kuwait is discussing cancellation of oil project tenders worth $8.7 bn, says report; L&T shares fall 3%: Here's why”.
The company stated that the projects referred to in the media report were not part of Larsen & Toubro's order book. Therefore, the company cannot comment on the status of tenders or the commercial decisions of its clients.
This clarification was issued in response to an email seeking clarification from BSE Limited and the National Stock Exchange of India Limited, dated January 13, 2026.
What to do with a filing like this
Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.