L&T Secures ₹15,000 Crore Tashkent Airport EPC Project

Larsen & Toubro has received a Limited Notice to Proceed (LNTP) for the new Tashkent International Airport in Uzbekistan.
The project, valued at over ₹15,000 crore, will be executed by the company’s Public Spaces, Airports & Health (PAH) division.

Reader Takeaway: Strong global order book addition; full project execution depends on final Notice to Proceed and contractual conditions.

What just happened

L&T has begun initial engineering, design, and procurement planning for the greenfield airport project in Tashkent. The contract is categorized as 'Ultra-mega,' meaning the project value exceeds ₹15,000 crore. The development is designed to handle approximately 17 million passengers annually, aiming to establish the facility as a central aviation hub connecting regional traffic.

Why this matters

This win underscores L&T’s growing international footprint in the high-value infrastructure space. The project involves comprehensive EPC services, including site grading, structural development, MEP services, and the integration of advanced airport systems. Successfully delivering a project of this scale in Central Asia would bolster the company's track record for large-scale international airport developments.

What changes now

With the LNTP in hand, L&T is currently restricted to pre-construction activities such as detailed design and procurement preparation. The transition into full-scale construction remains contingent on the final 'Notice to Proceed' (NTP). This final green light will be issued once the project consortium satisfies specific contractual conditions.

Risks to watch

Investors should monitor the timeline for the final Notice to Proceed. As with any large international EPC contract, the project schedule for full commissioning is subject to the timely fulfillment of contractual obligations by the project consortium and subsequent site mobilization phases.

What to track next

The official announcement for the full Notice to Proceed will serve as the next major trigger, signaling the transition into the physical construction and revenue recognition phase for the project.