L&T Secures Major Engineering, Procurement, and Construction Order from Kuwait Oil Company
Larsen & Toubro (L&T) has secured a major engineering, procurement, and construction (EPC) order from the Kuwait Oil Company (KOC). The contract pertains to the hydrocarbon onshore business and encompasses key upgrades and facilities development for KOC.The project involves the EPC of six new crude oil storage tanks, each with an operating capacity of 618,000 barrels. The work will be completed on a Lump Sum Turnkey basis. Additionally, L&T is tasked with installing new pipelines and executing comprehensive upgrades to Kuwait's existing crude loading and export network.
The contract underscores the confidence in L&T’s capability to manage complex hydrocarbon projects while adhering to high standards of safety, quality, and operational excellence. The project aims to seamlessly accommodate increased production and enhance the country’s crude handling capabilities.
Expert Commentary on Order Win
Mr E S Sathyanarayanan, Senior Vice President and Head of L&T Energy Hydrocarbon Onshore and a member of the Divisional Board of L&T, commented on the award. He stated that the company is pleased to be entrusted with this major strategic project by KOC. The development of the Jurassic Light Oil export infrastructure represents an important investment in Kuwait's energy sector, and L&T is committed to supporting the nation’s energy ambitions through reliable and world-class execution.
L&T Energy Hydrocarbon Onshore serves as a significant EPC vertical for the conglomerate, delivering comprehensive Lump Sum Turnkey solutions across the upstream, midstream, and downstream hydrocarbon sectors. The business has built a strong execution track record, which includes refinery expansions, petrochemical complexes, gas processing plants, LNG terminals, fertiliser plants, and cross-country pipelines projects globally.
Company Overview
Larsen & Toubro is identified as a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products, and Services across diverse geographies. The company has maintained leadership in its primary lines of business for eight decades, driven by a commitment to customer focus, superior quality, and an impetus towards technology.
Order Classification Details
The nature and scale of the contract have been classified 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 9:44 AM, shares of Larsen & Toubro Limited are rallying higher to ₹3953.20, driven by a morning gain of 3.16%. The equity is currently trading within a tight intraday range after experiencing robust activity, with over 1.07 million shares traded so far today.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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