Larsen and Toubro Ltd. (L&T) on Tuesday, July 29, said its hydrocarbon offshore business vertical secured an “ultra-mega” order from a client in the Middle East.L&T classifies orders above ₹15,000 crore as “ultra-mega” ones.
The company said the contract encompasses multiple offshore packages, and the scope of work includes engineering, procurement, construction and installation of offshore structures, along with the upgradation of existing facilities.

L&T’s hydrocarbon offshore vertical is a provider of engineering, procurement, construction, installation and commissioning solutions in the offshore oil and gas sector.On another note, L&T will be reporting its first quarter earnings on Tuesday.

Last week, L&T’s buildings and factories business won an orders in the ₹2,500 crore to ₹5,000 crore range in India and overseas.It secured orders from the Andhra Pradesh Capital Region Development Authority that are to be executed in Amaravati, it also won an order from a developer to construct residential towers in Mumbai.

The buildings and factories division of L&T Oman also won a repeat order from a client for the construction of a premium office space in Muscat, it said.

Last week, L&T also said it would set up India’s largest green hydrogen plant at Indian Oil Corporation Ltd.’s refinery in Panipat, Haryana.

L&T shares were trading flat at ₹3,418.1 apiece at 10.55 am on Tuesday. The stock has declined nearly 7% in the past month.

Also Read: Shares of this ₹2,000 crore chemical company surge 12% on strong results, capex plans

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L&T’s hydrocarbon offshore vertical wins order worth over ₹15,000 crore in Middle East

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