L&T Energy Hydrocarbon Ltd., a vertical of Larsen & Toubro Ltd., has secured an order from Oil & Natural Gas Corp. for the eighth phase of the pipeline replacement project off India's west coast. The company has classified this contract as significant, indicating that the project is worth Rs 1,000–2,500 crore.
The order involves engineering, procurement, construction, installation and commissioning of 129-km subsea pipelines and associated modification works, according to an exchange filing on Monday.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"This order reflects ONGC's continued confidence in L&T, and this emanates from our track record of successfully delivering complex offshore projects," Subramanian Sarma, president - energy at L&T, said. "This order further demonstrates L&T's unwavering commitment to India's energy requirement."
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
L&T Energy Hydrocarbon offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers.
Shares of L&T closed 0.61% lower at Rs 3,527.65 apiece on the BSE, compared to a 0.56% advance in the benchmark Sensex.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
