Australia's Orbital gains on securing contract from Indian firm

Larsen and Toubro

05/10/2026 24:11

** Shares of Australia's Orbital OEC.AX rise as much as 14.3% to A$0.120, logging their biggest intraday pct gain since August 25
** Engine maker secures orders from Indian engineering and defence firm Larsen and Toubro LART.NS ** Adds, orders for three propulsion systems
** Co adds orders for three propulsion systems
** Stock down nearly 15% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))