L&T bags over Rs 15,000 crore offshore project in Middle East

Larsen & Toubro's energy arm, L&T Energy Hydrocarbon Offshore (LTEH Offshore), has secured an 'Ultra Mega order' valued at over Rs 15,000 crore from an undisclosed prestigious client in the Middle East. Times Now and Livemint report that the project involves the development of multiple offshore facilities, with LTEH Offshore handling engineering, procurement, construction, installation and commissioning (EPCIC). A significant portion of fabrication will be done at L&T's own facilities.

T Madhava Das, Whole-time Director at L&T, called it one of the most significant offshore developments underway in the Middle East, reflecting growing investments to meet future energy demand. Parthasarathi Chatterjee, Senior Vice President at LTEH Offshore, said the project exemplifies the scale and complexity his unit is positioned to deliver. The company did not disclose the client's identity or further financial details.

The order strengthens L&T's presence in the international offshore energy sector, building on four decades of experience in fixed platforms, subsea pipelines and deep-water infrastructure. According to Livemint, L&T shares traded 0.30% higher on the NSE on Monday. Investors will monitor execution, project margins and cash flows as work progresses.