L&T Secures Ultra-Mega Hydrocarbon Onshore Project in the Middle East

Mumbai, October 9, 2025: Larsen & Toubro Limited (NSE: LT, BSE: 500510) has announced that its Hydrocarbon Onshore business that goes by the brand name L&T Energy Hydrocarbon (LTEH Onshore) has obtained an ultra mega order (exceeding ₹15000 crores) for setting up a Natural Gas Liquids (NGL) plan and other allied facilities in the Middle East.

The stock started the Thursday session in green and was trading at ₹3,771.00 (up by 1.15%) at 12:10 PM. Over 7.34 lakh shares have been traded so far, with buyers dominating the market.

Project Overview

The project is a consortium-led initiative between Larsen & Toubro (lead partner) and Greece-based Consolidated Contractors Group S.A.L. (Offshore) (CCC) for engineering, procurement, construction, installation, and commissioning (EPCIC) of an NGL plant to process Rich Associated Gas (RAG). The facilities include utilities, off-site works, and integration with existing assets. The plant will produce lean sales gas, ethane, propane, butane, and hydrocarbon condensate, processing gas from both offshore and onshore sources. It will also remove impurities such as H₂S, CO₂, and H₂O, enabling the production of multiple value-added hydrocarbons.

Management Commentary

The company’s management stated that the ultra-mega order is a reaffirmation of L&T’s position as a trusted partner worldwide in delivering such mega energy infrastructure. According to S. N. Subrahmanyan, Chairman & Managing Director of L&T, this project will enhance the company’s global footprint and its ability to handle complex projects with international firms like CCC, reaffirming the company’s commitment to safe, sustainable, and timely execution. Similar sentiments were expressed by Subramanian Sarma, Deputy Managing Director & President of L&T, who stated that this project is a testament to bringing together advanced engineering and long-term reliability measures.

Market Reaction

As of 10:59 a.m. IST, the stock was trading at ₹3,777, representing a 1.27% increase from its previous close of ₹3,729.80. During the session, it recorded a day’s high of ₹3,796.40 and a low of ₹3,730.10, with a VWAP of ₹3,767.12. The stock remains near its 52-week high of ₹3,963.50 (as of December 10, 2024) and is well above its 52-week low of ₹2,965.30 (as of April 7, 2025), indicating strong price resilience and sustained investor confidence.

About the Hydrocarbon Business

L&T’s LTEH Onshore is one of India’s largest EPC (Engineering, Procurement & Construction) businesses, delivering comprehensive turnkey projects across upstream, midstream, and downstream hydrocarbon sectors. It has successfully executed refinery expansions, petrochemical complexes, gas processing units, fertiliser plants, LNG terminals, and cross-country pipelines across global markets.

About Larsen & Toubro

Larsen & Toubro Limited is a USD 30 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, with operations spanning multiple geographies. The company has maintained leadership across its key businesses for over eight decades, thanks to its strong customer focus, engineering excellence, and consistent project execution.

REF: https://nsearchives.nseindia.com/corporate/PAM_09102025104823_PressRelease09102025.pdf

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