L&T Energy Hydrocarbon Gets Over Rs 15,000 Crore Order in Qatar
By Ankur Chandra | Published at: Jul 29, 2025 01:57 PM IST
Mumbai, July 29, 2025 – Larsen & Toubro Ltd (NSE: LT, BSE: 500510) has announced a breakthrough for its hydrocarbon offshore business, securing an ultra‑mega EPCIC contract from a Middle East client. This order is classified as an “ultra‑mega” project—meaning it exceeds ₹15,000 crore—and involves engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes as part of QatarEnergy LNG’s North Field Production Sustainability Offshore Compression Project (NFPS COMP 4).
The scope of the contract encompasses large offshore platforms equipped with compression and power generation systems, flare gas platforms, interconnected bridges, and living quarters, situated approximately 80 km off Qatar’s northeast coast. This award significantly strengthens L&T’s offshore hydrocarbon portfolio, positioning L&T Energy Hydrocarbon (LTEH) as a global EPCIC leader in complex offshore infrastructure.
Project Scope and Strategic Importance
L&T Energy Hydrocarbon Offshore, the dedicated hydrocarbon vertical of Larsen & Toubro, has secured a landmark EPCIC contract involving multiple offshore packages from QatarEnergy’s LNG division. The project encompasses comprehensive end-to-end execution of large-scale offshore infrastructure and includes the following scope:
- Engineering and Design: Detailed planning and technical blueprint for offshore structures and systems.
- Procurement: Sourcing and supply of specialized equipment, materials, and offshore components.
- Construction: Fabrication of large offshore platforms, bridges, and integrated systems.
- Installation: Offshore deployment of compression platforms, flare platforms, and utility modules.
- Upgradation: Revamp and modernization of existing offshore assets to meet expanded gas production goals.
This award significantly bolsters L&T’s global reputation as a trusted EPCIC partner in the offshore oil & gas sector. It not only reinforces the company’s presence in the high-value Middle Eastern energy market but also demonstrates its execution capability for mega-scale, complex offshore projects.
The contract further strengthens L&T’s long-term strategy of deepening its footprint in strategic global energy corridors, and is expected to contribute meaningfully to its FY26 order book and revenue visibility.
Order Classification: ‘Ultra-Mega’
According to L&T’s project value classification disclosed in the release, the current contract falls under the “Ultra-Mega” category — defined as projects exceeding ₹15,000 crore in value. This makes it a landmark deal in the company’s offshore portfolio.
| Project Classification | Order Value (₹ crore) |
|---|---|
| Significant | 1,000 – 2,500 |
| Large | 2,500 – 5,000 |
| Major | 5,000 – 10,000 |
| Mega | 10,000 – 15,000 |
| Ultra-Mega | Above 15,000 |
Company Commentary
L&T noted the order is a “testament to the speed and precision” with which its offshore team executes large-scale international projects. With over three decades of experience, the Hydrocarbon Offshore unit has consistently delivered on:
- Fixed platforms
- Subsea pipelines
- Brownfield upgrades
- Decommissioning
Its in-house engineering strength, modern fabrication yards, and a fleet of marine vessels position L&T as a formidable player in shallow and deep-water developments.
Stock Performance
As of 10:56 AM IST on July 29, 2025, shares of Larsen & Toubro Ltd were trading at ₹3,415.70, down ₹6.50 or 0.19% from the previous close. The stock opened at ₹3,418.00 and touched an intraday high of ₹3,437.00 and a low of ₹3,406.50 during the morning session.
About the Company
Larsen & Toubro Ltd is a $30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services across diverse geographies. Listed on NSE and BSE, L&T has a legacy of over eight decades driven by engineering excellence, quality delivery, and customer-centricity. Headquartered in Mumbai, the company operates across key sectors including infrastructure, defense, hydrocarbon, power, and IT services through subsidiaries like L&T Technology Services and LTI Mindtree.
REF: https://nsearchives.nseindia.com/corporate/PAM_29072025101715_PressRelease29072025.pdf
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