Rs 7,79,000 Crore Order Book: Large-Cap Infrastructure Stock Bags Major Offshore Orders from ONGC; Check Details
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Larsen & Toubro's Hydrocarbon Offshore business has secured a batch of major offshore EPCIC orders from ONGC for pipeline replacement and wellhead platform projects off India's west coast
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 89.70 points, or 0.36 per cent, to 24,546.30. Amid the weak market sentiment, Larsen & Toubro (L&T) share price declined 0.54 per cent to Rs 4,040 after the company announced that its Hydrocarbon Offshore business had secured a batch of major offshore orders from Oil & Natural Gas Corporation (ONGC).
Wins Major Offshore Orders from ONGC
Larsen & Toubro's Energy Hydrocarbon Offshore (LTEH Offshore) business has secured a batch of orders from ONGC for the Pipeline Replacement Project (PRP-X) and Well Head Platforms Project located off India's west coast.
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Download Service BrochureThe PRP-X project involves the engineering, procurement, Construction, installation and commissioning (EPCIC) of multiple subsea pipeline segments, along with associated modification works across ONGC's offshore fields. The Well Head Platforms Project involves the EPCIC of four well head platforms.
According to L&T's order classification, a major order refers to contracts valued between Rs 5,000 crore and Rs 10,000 crore.
Management Commentary
Commenting on the order win, Parthasarathi Chatterjee, Senior Vice President & Head – L&T Energy Hydrocarbon Offshore, said the orders reaffirm LTEH Offshore's position as a trusted partner in developing India's offshore energy infrastructure. He added that the contracts reflect customers' confidence in the company's integrated EPCIC capabilities, project execution expertise and commitment to safety and operational excellence, while contributing to the country's energy aspirations.
About LTEH Offshore
LTEH Offshore is a leading provider of integrated EPCIC solutions for the offshore oil and gas industry. Backed by in-house engineering capabilities, fabrication facilities and a dedicated fleet of marine vessels, the business has executed offshore projects including fixed platforms, subsea pipelines, brownfield upgrades and decommissioning assignments across global markets for more than four decades.
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As of the June 2026 quarter, L&T's consolidated Order Book stood at Rs 7,790 billion (Rs 7,79,000 crore), providing strong revenue visibility across its infrastructure, energy and engineering businesses
About Larsen & Toubro
Larsen & Toubro Ltd is a USD 32 billion Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services across multiple sectors and geographies. The company has maintained leadership across its core businesses for over eight decades through its focus on engineering excellence, technology and innovation.
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Disclaimer: The article is for informational purposes only and not investment advice.