Larsen & Toubro (L&T) has announced the acquisition of its joint venture partner Sapura Nautical Power’s stake in L&T Sapura Shipping Private Limited (LTSSPL) for Rs 1.22 billion. Alongside, LTSSPL will repay a $16.93 million loan to Sapura, making the entity a wholly owned subsidiary of L&T.
L&T has finalized a strategic move to consolidate its shipping operations by acquiring the remaining stake in LTSSPL from Sapura Nautical Power Pte Ltd. The acquisition strengthens L&T’s control over offshore shipping assets, enhancing operational flexibility and positioning the company for growth in India and the Middle East.
Key highlights from the announcement include
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L&T will acquire Sapura’s stake in LTSSPL for Rs 1.22 billion.
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LTSSPL will simultaneously repay a $16.93 million loan to Sapura.
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Following the transaction, LTSSPL becomes a wholly owned subsidiary of L&T.
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The acquisition is expected to be completed by January 31, 2026.
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The move enhances L&T’s asset availability for offshore engineering and shipping projects.
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Industry analysts view the consolidation as a step toward streamlining operations and improving efficiency.
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The deal reflects L&T’s strategy of strengthening its core infrastructure and engineering businesses.
This acquisition marks a significant milestone for L&T, allowing it to fully integrate LTSSPL into its portfolio. By consolidating ownership and repaying outstanding liabilities, L&T is expected to improve operational synergies and expand its offshore project capabilities, reinforcing its leadership in engineering and construction.
Sources: InvestyWise, L&T Annual Report