Larsen & Toubro (L&T) revealed on Tuesday that its Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) secured both onshore and offshore orders from a prestigious Middle Eastern client. The onshore project involves the engineering, procurement, and construction of an Enclosed Ground-Flare system, with additional work on demolishing existing facilities. The offshore order primarily focuses on brownfield work, including upgrading shutdown systems on existing offshore platforms.
In a statement, L&T highlighted LTEH’s commitment to building its regional presence by fostering local skills, improving procurement from local vendors, and engaging commercially with local contractors. The company operates under various business groups, including Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT), and Offshore Wind Farm.
According to L&T, significant orders fall within the range of Rs 1000 crore to Rs 2500 crore, large orders are worth Rs 2500 crore to Rs 5000 crore, major orders range from Rs 5000 crore to Rs 7000 crore, and mega orders exceed Rs 7000 crore.
L&T, a multinational engaged in EPC projects, hi-tech manufacturing, and services, operates in over 50 countries worldwide. Hydrocarbons, the largest energy sources globally, include components of crude oil, natural gas, and other petrochemical products.
The hydrocarbon sector’s dependency is expected to persist for a considerable time, with shale gas playing a transformative role on the natural gas side. As the industry navigates demand and supply dynamics, volatility in oil prices is anticipated, reinforcing the need for efforts to reduce demand and enhance energy efficiency.
