Mumbai/IBNS, March 2 -- The share price of Larsen & Toubro Ltd. plunged over 5% in early trading on Monday, tracking heightened tensions in the Middle East amid the escalating conflict involving Iran, Israel and the United States, media reports said.

Nearly 49% of L&T's consolidated order book comes from its international business, of which around 80% is concentrated in the UAE, Saudi Arabia and the wider Middle East region.

Overall, the company has about 37% of its total order book exposure linked to the Middle East.

Acknowledging the region as strategically important to its operations, L&T said it is closely monitoring the evolving situation.

The company confirmed that all its employees, workers and assets remain safe.

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