Larsen & Toubro (L&T) shares are in focus on Tuesday, March 26, after the company announced it has secured its largest-ever order, valued at over ₹15,000 crore, for its offshore hydrocarbon business. The project, awarded by QatarEnergy LNG, is classified as an ‘Ultra Mega’ contract—representing the highest tier of project value defined by the company.
The prestigious North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) involves engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes. Each complex will consist of offshore platforms with compression and power generation facilities, living quarters, flare platforms, bridges, and other associated infrastructure located about 80 km off the northeast coast of Qatar.
Commenting on the deal, S N Subrahmanyan, Chairman & Managing Director of L&T, said, “Securing QatarEnergy LNG’s Ultra Mega Offshore Contract—the largest single order in our history—is a landmark achievement. This project strengthens our global energy portfolio while supporting Qatar’s energy security objectives.”
The project was bagged by L&T Energy Hydrocarbon (LTEH), the company’s hydrocarbon business vertical. The company emphasized that this deal not only deepens its global presence but also marks a key step forward in strengthening ties with QatarEnergy LNG.
As per L&T’s classification, projects above ₹15,000 crore fall under the ‘Ultra Mega’ category, a tier above the previously defined ‘Mega’ category of ₹10,000 to ₹15,000 crore.
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