As per L&T’s internal classification, the contract falls under the ‘major’ category, with an estimated value in the range of Rs 5,000 crore to Rs 10,000 crore.
The scope of the project includes setting up a Linear Low-Density Polyethylene/High-Density Polyethylene (LLDPE/HDPE) Swing Unit comprising two trains of 575 kilotonnes per annum (KTPA) each at BPCL’s Bina facility in Madhya Pradesh. The project will be executed on a lump sum turnkey basis.
Once completed, the facility will be India’s largest LLDPE/HDPE swing unit, marking a significant milestone in domestic polyethylene production capacity. The project is a key component of BPCL’s Bina Petrochemicals & Refinery Expansion Project, which aims to establish a petrochemical complex and expand refinery capacity from 7.8 million metric tonnes per annum (MMTPA) to approximately 11 MMTPA.
The project aligns with the Government of India’s ‘Aatmanirbhar Bharat’ initiative by strengthening indigenous manufacturing capabilities and reducing dependence on imports of polymers.
L&T Onshore is one of India’s largest EPC businesses, delivering comprehensive lump-sum turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors. With a strong execution track record across geographies, it has delivered refinery expansions, petrochemical complexes, gas processing plants, fertiliser plants, LNG terminals and crosscountry pipelines.
Subramanian Sarma, deputy managing director & president of L&T, said, “This is a major order that will not only strengthen our balance sheet but also provide impetus to our demonstrated credentials in downstream hydrocarbon EPC space.”
E S Sathyanarayanan, senior vice president & IC head of L&T Energy Hydrocarbon – Onshore & member of the Ecom – L&T, said, “In the ever-evolving landscape of the hydrocarbon and petrochemical sector, this win for L&T Onshore is a testament to the trust that customers repose in our execution and delivering capabilities. We are fully committed to delivering the project with high standards of HSE and quality.”
Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 15.6% jump in consolidated net profit to Rs 3,926.09 crore on a 10.4% increase in revenue from operations to Rs 67,983.53 crore in Q2 FY26 over Q2 FY25. The scrip rose 0.21% to currently trade at Rs 4,080.20 on the BSE.
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining crude oil and marketing petroleum products. The company reported a 168.74% jump in standalone net profit to Rs 6,442.53 crore in Q2 FY26 as against Rs 2,397.23 crore posted in Q2 FY25. Net sales (excluding excise duty) rose 2.09% year-on-year (YoY) to Rs 1,04,912.47 crore in the September 2025 quarter. The counter added 0.61% to Rs 372.20 on the BSE.