Larsen & Toubro Limited (L&T), one of India’s leading engineering, procurement, and construction (EPC) conglomerates, has issued an official clarification addressing recent media reports about potential cancellation of oil project tenders in Kuwait worth approximately $8.7 billion.
L&T’s Official Statement
In its formal response to the stock exchange query and media speculation, Larsen & Toubro stated: “With reference to the media report regarding discussions on possible cancellation of certain oil project tenders in Kuwait, the Company would like to clarify that the projects referred to in the said report were not part of the Company’s order book. Further, the Company can’t comment on the status of tenders or commercial decisions of its Clients.”
This statement emphasizes that the rumored cancellations do not affect L&T’s existing secured orders or current order book position. The company’s consolidated order book remains robust, standing at around ₹6.5 lakh crore as per recent updates.