New Delhi, India – The L&T Energy Hydrocarbon (LTEH), hydrocarbon business unit of Larsen & Toubro (L&T), said on Monday that it has secured a mega contract from a client in the Middle East.
While specific details regarding the contract size and the client’s identity were not disclosed by the company, industry estimates suggest that it falls within the range of Rs 10,000 – Rs 15,000 crore
(approx $1.3billion – $20 billion).
The deal reinforces L&T’s position as a key player in the global engineering and infrastructure landscape. With a focus on enhancing their hydrocarbon business, the company continues to forge strategic partnerships and secure high-value projects that contribute significantly to its growth trajectory.
The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities, L&T said in a statement.
“This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business. Our focus continues to be on enhancing competencies and leveraging opportunities arising from our core markets,” Subramanian Sarma, whole-time director and senior executive vice president (energy) at L&T said, quoted by media in India.
In October, LTEH secured a major contract worth over Rs 15,000 crore ($20 billion) from a Middle Eastern client, deemed as an “ultra-mega” deal within the firm. The client’s identity remains undisclosed. This followed L&T’s prior collaboration in March with France’s McPhy Energy, focusing on manufacturing electrolysers and exploring prospects in the burgeoning green hydrogen sector.