Shares of Larsen & Toubro (L&T) rose 0.61 per cent to ₹3,662.90 on the BSE at 10.48 AM on Thursday, after the company has announced that it has secured a contract from the Indian Army for the supply of K9 Vajra-T self-propelled artillery platforms. This order, valued between ₹5,000 crore and ₹10,000 crore, marks a major milestone for L&T’s precision engineering systems division. 

According to its exchange filing, the K9 Vajra-T, a 155mm/52-caliber tracked howitzer, is a joint development between L&T and Hanwha Aerospace, adapted from the South Korean K9 Thunder. It is designed to meet the specific requirements of the Indian Army for diverse terrains, including deserts, plains, and high-altitude regions. 

In 2017, L&T successfully delivered the first batch of 100 K9 Vajra-T platforms ahead of schedule, showcasing its capabilities in designing, developing, and manufacturing complex defence systems.

Furthermore, the second batch of K9 Vajra-T platforms will also be manufactured at L&T’s Armoured Systems Complex in Hazira, Gujarat. This facility, dedicated by Prime Minister Narendra Modi in 2019, plays a crucial role in India’s defence manufacturing ecosystem, fostering collaboration with numerous MSMEs. 

This order aligns with L&T’s commitment to supporting India’s “Aatmanirbhar Bharat” initiative and strengthening the Indian Army’s self-reliance with indigenously manufactured equipment. 

The stock hit a 52 week high of ₹3,963 on December 10 and 52 week low of ₹3,175 on June 6 on the BSE.