The Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has received a Letter of Intent for mega Offshore order from a prestigious client in the Middle East.
The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities.
Currently, Larsen & Toubro has not disclosed any financial details or client information about the project. However, sources put the value of the mega order at between Rs. 100 billion to Rs. 150 billion (about $1.2 billion to $1.8 billion), describing it as a “prestigious client”.
Commenting on the award, Mr Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy), L&T said, “This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business. Our focus continues to be on enhancing competencies and leveraging opportunities arising from our core markets.”