L&T Secures Large Offshore Order from ONGC for West Coast Asset Development
Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC). The contract pertains to the Additional Development of Ratna -I (ADR I) and NLM-14 project off India's west coast.The project scope encompasses the complete EPCIC services: engineering, procurement, construction, installation, and commissioning. The work involves three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.
The purpose of the project is to support the continued development of ONGC's offshore assets and enhance production in the region.
LTEH Offshore is recognized as a leading provider of integrated EPCIC solutions within the offshore oil and gas industry. The company leverages robust in-house engineering capabilities, world-class fabrication facilities, and a dedicated fleet of marine vessels, enabling it to execute complex shallow-water and deep-water developments globally.
Over four decades, LTEH Offshore has successfully executed a wide range of assignments, including fixed platforms, subsea pipelines and structures, brownfield upgrades, and decommissioning projects.
Commenting on the order win, Parthasarathi Chatterjee, Senior Vice President and Head of L&T Energy Hydrocarbon Offshore, stated that the ADR-I and NLM-14 developments represent significant additions to India's offshore energy infrastructure. He noted that these projects combine new offshore facilities with brownfield modifications in existing operating fields, which necessitates careful planning, engineering integration, and precise execution. Chatterjee added that L&T looks forward to delivering these developments safely and efficiently, supporting ONGC's long-term production objectives.
Order Classification Details
The provided classification framework for the order is as follows:
| Classification | Significant | Large | Major | Mega | Ultra-Mega |
|---|---|---|---|---|---|
| Value in ₹ Cr | 1,000 to 2,500 | 2,500 to 5,000 | 5,000 to 10,000 | 10,000 to 15,000 | >15,000 |
LT Stock Price Movement
As of 10:10 AM, shares of Larsen & Toubro Limited are edging higher to ₹3995.5, after gaining 1.25% in the live market. The stock is seeing active buying interest, with 1.38 million shares trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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