L&T Secures Ultra-Mega Order for Strategic Offshore Development Project in the Middle East

L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultramega order from a prestigious client in the Middle East. The project involves the development of multiple offshore facilities.

LTEH Offshore will execute the project scope encompassing engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities. A significant portion of the fabrication activities will be carried out at L&T's integrated, world-class manufacturing and fabrication facilities.

The award reinforces LTEH Offshore's long-standing presence in the Middle East and reflects the confidence placed by customers in its ability to deliver large and complex offshore projects safely, on schedule and to the highest quality standards.

Backed by integrated in-house engineering, project management, procurement, fabrication and installation capabilities and a dedicated fleet of vessels, LTEH Offshore has delivered some of the region's most challenging offshore developments. Over the past four decades, the business has successfully executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades and modifications, deep water subsea structures and pipelines, and decommissioning programmes across global markets.

T Madhava Das, Whole-time Director, Senior Executive Vice President & Head - Energy Hydrocarbon Division, Larsen & Toubro, said: "The order represents one of the most significant offshore developments currently underway in the Middle East and underscores the growing investments being made to meet future energy demand. The scale and complexity of the project call for deep engineering expertise, integrated project execution capabilities and flawless coordination across multiple workstreams. We are proud to contribute to the development of critical energy infrastructure that will support the region's long-term growth ambitions".

Parthasarathi Chatterjee, Senior Vice President & Head - L&T Energy Hydrocarbon Offshore, said: "With multiple offshore facilities, subsea infrastructure and substantial fabrication requirements, this project exemplifies the scale and complexity of offshore developments that LTEH Offshore is uniquely positioned to deliver. Our integrated EPCIC approach, supported by world-class engineering, fabrication and marine capabilities, enables us to execute such projects with certainty, efficiency and a strong focus on safety and quality".

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 4076.00 as compared to the previous close of Rs. 4062.70. The total number of shares traded during the day was 101321 in over 7187 trades.

The stock hit an intraday high of Rs. 4083.45 and intraday low of 4025.05. The net turnover during the day was Rs. 411363265.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LTEHOffshore OrderWin