Mumbai, October 31 (Udaipur Kiran): Shares of Larsen & Toubro (L&T) gained nearly 0.81% on Friday after the company announced a strategic partnership with US-based General Atomics Aeronautical Systems, Inc. (GA-ASI) to manufacture advanced Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India for the Indian armed forces.
The stock opened at Rs. 3998.70 on the BSE and was trading at Rs. 4020.00, up by 32.20 points from the previous close of Rs. 3987.80. It touched an intraday high of Rs. 4028.95 and a low of Rs. 3982.90, with a total of 46,394 shares traded so far.
L&T’s market capitalization currently stands at Rs. 5,52,203.20 crore. The stock has registered a 52-week high of Rs. 4062.50 (30-Oct-2025) and a 52-week low of Rs. 2967.65 (07-Apr-2025).
Institutional investors hold 63.07%, while non-institutional investors account for 36.93% of the company’s shareholding.
Under this landmark partnership, L&T and GA-ASI will jointly deliver combat-proven MALE RPAS platforms, fully manufactured in India. The collaboration will feature critical technology transfers, aligning with the government’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives in the defence sector.
L&T will participate as the prime bidder in the upcoming 87 MALE RPAS program of the Ministry of Defence, with GA-ASI as the technology partner. The alliance aims to produce GA-ASI’s MQ-series RPAS, globally recognized for their extensive combat and surveillance operations, with millions of flight hours logged worldwide.
Larsen & Toubro (L&T) is one of India’s largest multinational conglomerates, operating across technology, engineering, construction, manufacturing, and financial services.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
