L&T wins over Rs 15,000 crore order from ADNOC Offshore
New Delhi, Aug 4
Larsen & Toubro on Tuesday informed that its L&T Energy Hydrocarbon Offshore has secured an "ultramega" order worth over Rs 15,000 crore from ADNOC Offshore for a major project in the Middle East.
The project will be executed through a consortium, with LTEH Offshore serving as the lead partner and responsible for a major part of it, covering engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities, the company said in an exchange filing.
LTEH Offshore will also be responsible for the upgrade of existing facilities. A significant portion of the fabrication work will be undertaken at L&T's state-of-the-art fabrication yards.
The company has integrated EPCIC capabilities and an extensive track record in delivering large and complex offshore developments across the region.
"Supported by robust in-house engineering capabilities, world-class fabrication facilities and a dedicated fleet of marine vessels, it has successfully delivered complex shallow-water and deep-water field developments across geographies," the statement said.
Over the past four decades, the business has executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades and decommissioning jobs.
"This prestigious award from ADNOC reflects the trust our clients place in L&T's engineering excellence, project execution capabilities and unwavering commitment to delivering complex energy infrastructure projects safely and on schedule," said S N Subrahmanyan, Chairman & Managing Director - Larsen & Toubro Limited.
"As a long-standing partner in the region, we remain committed to supporting the UAE's energy ambitions through innovative, sustainable and world-class offshore solutions," he added.
The company had in July announced that its minerals and metals business has secured multiple domestic orders, including contracts from public sector companies, with the combined value falling in the company's 'mega' category of Rs 10,000 crore to Rs 15,000 crore.
— IANS
Reader Comments
This is a massive win for L&T. The Middle East offshore market is highly competitive, and winning a Rs 15,000 crore order from ADNOC shows the company's world-class execution capabilities. Impressive track record in offshore projects over four decades.
Finally some positive news that showcases India's manufacturing strength! The fact that fabrication will happen at L&T's yards in India means jobs and growth for our local workforce. This is how we build Atmanirbhar Bharat, one mega project at a time. 👏
While this is definitely good news, I hope the project execution doesn't face the usual delays we've seen with large infrastructure projects. The Middle East has strict timelines and penalties. L&T needs to ensure smooth delivery to maintain their reputation in the region.
This is a proud moment for Indian engineering! From selling raw materials to exporting complex energy infrastructure—we've truly come a long way. L&T has been a consistent performer in the Middle East. The consortium model with LTEH as lead shows our companies can lead, not just follow.
The Middle East has been a reliable partner for Indian companies. With L&T already having a strong presence there, this order further cements our position. The mention of state-of-the-art fabrication yards and marine vessels shows this isn't just about engineering—it's about full-fledged execution capability. Great to see!
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