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L&T orders signal return of private capex in Sep quarter

Mint Hyderabad

|

October 30, 2025

L&T’s numbers paint a promising picture, but at least one cautioned against drawing quick conclusions.

L&T orders signal return of private capex in Sep quarter

L&T said that it was in advanced discussions with the Telangana state government to divest its stake in Hyderabad Metro.

(REUTERS)

“We saw good project finalization during the quarter in the buildings and factory, and metals and mining spaces,” said Amit Anwani, vice-president and lead analyst for capital goods, industrials and defence sectors at Prabhudas Lilladher. However, he said that there was one large order win from the Adani Group for thermal power plants, which he estimates to be worth around ₹20,000 crore. Excluding this, private sector order inflow was normal.

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