Larsen Toubro (L T) shares dropped significantly after reports indicated Kuwait might cancel oil project tenders valued at $8.7 billion due to bids exceeding budget estimates. L T, which was the lowest bidder for over $4.5 billion in these tenders, clarified that these projects are not part of its order book. The company stated it cannot comment on tender status or client decisions, aiming to reassure investors amidst market concerns about its exposure to such international projects.