Larsen and Toubro (L&T) has signed a contract to supply armoured vehicles to the Indian Army. The company will deliver heavy-duty BvS10 Sindhu vehicles along with a comprehensive integrated logistics support package for initial deployment, maintenance, and life-cycle sustainment.
L&T will jointly manufacture BvS10 Sindhu vehicles with British defence company BAE Systems, which is the original manufacturer of the BvS10 platform. The vehicles will be manufactured at L&T’s Armoured Systems Complex in Hazira.
L&T stated that the BvS10 Sindhu is an upgraded variant of the BvS10, specifically tailored for India’s terrain and climate, including high altitudes, deserts, marshlands, and amphibious environments. The vehicle is currently in service in Austria, France, the Netherlands, Sweden, Ukraine, and the United Kingdom.
“This contract marks a significant milestone in India’s defence landscape under the Make in India initiative and reaffirms L&T’s strengths in systems engineering and manufacturing of defence-critical requirements at industrial scale, complemented by a proven vehicle platform and the global defence credentials of BAE Systems”, said Arun Ramchandani, Sr. Vice President & Head of L&T’s Precision Engineering & Systems.
L&T focus on defence manufacturing
L&T’s defence manufacturing division has been in the spotlight due to the increasing number of contracts and partnerships with leading global defence companies. Last month, the company announced a strategic partnership with US-based General Atomics Aeronautical Systems to manufacture Remotely Piloted Aircraft Systems in India. The company said that under the partnership, L&T will manufacture the entire platform in India.
L&T share price
On Wednesday, Larsen and Toubro’s stock closed at Rs 4,018.40, 0.47 per cent higher in the intra-day trade. In the last month, the company’s share has gained 3.76 per cent, while in the period of the last six months it has risen 11.62 per cent.
In Q2 FY26, L&T reported a 16 per cent YoY profit growth. The company posted a profit of Rs 3,926 crore for the period, up from Rs 3,395 crore in the same period last year.
