L&T starts work on New Tashkent Airport after ₹15,000+ crore 'ultra-mega' order

₹15,000 crore. That is the floor on Larsen & Toubro's newest overseas order — and the actual figure could be higher, since the company only confirmed it sits in its "ultra-mega" bracket, the label it reserves for orders above ₹15,000 crore. On Monday, October 19, L&T said its Public Spaces, Airports & Health business had received a Limited Notice to Proceed (LNTP) from the consortium developing the New Tashkent International Airport in Uzbekistan. It follows an engineering, procurement and construction (EPC) contract for the airport's passenger terminal and landside infrastructure that L&T had already secured, the company said in an exchange filing reported by CNBC-TV18. ## What an LNTP actually means Think of an LNTP as the starter's flag in a very expensive relay. It lets L&T begin engineering, detailed design, planning and procurement preparation right away. The full race — construction at the site — starts only after the consortium issues a full Notice to Proceed, once the agreed contractual conditions are met. The two sides have not disclosed what those remaining conditions are. ## What L&T will build The passenger terminal and surrounding infrastructure are designed to handle around 17 million passengers a year, according to project briefings reported by 5paisa and BuildersFriend. L&T's scope includes site grading, roads, structural works, architectural finishes, mechanical, electrical and plumbing services, utilities and advanced airport systems. The consortium itself is an unusual mix: Saudi Arabia's Vision Invest Group, Japan's Sojitz and South Korea's Incheon Airport, noted The Aviation Hub. The project is a roughly $3 billion public-private partnership aimed at turning Tashkent into a major regional aviation hub. ## Why this one matters for L&T L&T's overseas order book has long been anchored in the Middle East. A greenfield airport of this scale in Central Asia is a different geography and a different signal — that the company can win mega infrastructure work beyond its traditional markets. "The execution of this project marks a significant milestone in L&T's global infrastructure EPC portfolio," said Sthaladipti Saha, the company's senior vice-president and head of buildings infrastructure, noting its "pivotal role in enhancing regional connectivity". ## What to watch - The full Notice to Proceed — without it, this stays in design-and-procurement mode. - The exact contract value, which L&T has not disclosed. - L&T's Q2 FY27 results on October 27, when management will likely face questions on the timeline. (This story is informational only and is not financial advice.)