L&T Secures Large Offshore Order from ONGC for Ratna-I & NLM-14 Projects
L&T's subsidiary, LTEH Offshore, has won a large offshore order from ONGC for the Additional Development of Ratna-I and NLM-14 projects. The scope includes EPCIC for new platforms, pipelines, and modifications to existing facilities. L&T classifies orders between ₹2,500 crore and ₹5,000 crore as 'Large'.
The order is classified as 'Large' by L&T, indicating a substantial value which will contribute to the company's order book and future revenue, but it is not a 'Mega' or 'Ultra-Mega' order that would cause an immediate, drastic impact.
The announcement details a significant new order win for L&T, which is a positive development for the company's business outlook and revenue prospects.
Larsen & Toubro Limited (L&T) announced that its subsidiary, L&T Energy Hydrocarbon Offshore (LTEH Offshore), has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC).
The order pertains to the Additional Development of Ratna-I (ADR I) and NLM -14 project, located off India's west coast. The scope of work includes engineering, procurement, construction, installation, and commissioning (EPCIC) of three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations. This project aims to enhance production and support the ongoing development of ONGC's offshore assets.
Parthasarathi Chatterjee, Senior Vice President & Head – L&T Energy Hydrocarbon Offshore, expressed enthusiasm, stating, “The ADR-I and NLM -14 developments are significant additions to India's offshore energy infrastructure... We look forward to delivering these developments safely and efficiently, while supporting ONGC’s long-term production objectives.”
L&T classifies orders in the range of ₹2,500 crore to ₹5,000 crore as 'Large'.
What to do with a filing like this
Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.