Larsen & Toubro Secures Major Offshore Projects from ONGC for West Coast Developments
Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured a batch of orders from the Oil & Natural Gas Corporation (ONGC). The projects focus on both the Pipeline Replacement Project (PRP-X) and the Well Head Platforms Project, situated off India's west coast.The scope of work includes engineering, procurement, construction, installation, and commissioning (EPCIC) for multiple subsea pipeline segments, along with associated modification works across ONGC’s offshore fields. Additionally, LTEH Offshore has been selected for the EPCIC of four Well Head Platforms.
LTEH Offshore specializes in integrated EPCIC solutions for the offshore oil and gas industry. The company is supported by robust in-house engineering capabilities, world-class fabrication facilities, and a dedicated fleet of marine vessels. Over the past four decades, LTEH Offshore has executed diverse offshore projects globally, including fixed platforms, subsea pipelines and structures, brownfield upgrades, and decommissioning assignments.
Commenting on the business development, Mr Parthasarathi Chatterjee, Senior Vice President & Head L&T Energy Hydrocarbon Offshore, stated that these orders reinforce LTEH Offshore's standing as a trusted partner in developing India's offshore energy infrastructure. He noted that the wins reflect customer confidence in the company’s integrated EPCIC capabilities and its commitment to safety and operational excellence.
Larsen & Toubro is an Indian multinational with operations spanning EPC Projects, Hi-Tech Manufacturing, Products and Services, holding a USD 32 billion valuation. The company has maintained leadership in its key business lines for eight decades through its focus on quality and customer approach, alongside an impetus towards AI and technology.
The provided classification for major project sizes is detailed below:
| 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 12:57 PM, shares of Larsen & Toubro Limited are slipping by 0.32% in live trading, currently trading at ₹4048.9. The stock holds within an intraday range stretching from a low of ₹4036.5 to a high of ₹4062.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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