L&T Secures Major EPC Order from Kuwait Oil Company for Hydrocarbon Facilities
Larsen & Toubro's Energy Hydrocarbon Onshore business secured a major EPC order from Kuwait Oil Company for Jurassic Light Oil export facilities and network upgrades. The project includes six new crude oil storage tanks and associated pipelines. This order is classified as 'Major' by L&T's internal classification, implying a value between ₹5,000 Crore and ₹10,000 Crore.
The order is classified as 'Major' by the company, indicating a substantial value that will impact its financials and order book, but it is not an 'Ultra-Mega' or 'Mega' order, hence the medium impact.
The company has won a significant order, which is positive for its business outlook and revenue.
Larsen & Toubro Limited (L&T) announced that its Energy Hydrocarbon Onshore business has secured a significant engineering, procurement, and construction (EPC) order from the Kuwait Oil Company (KOC).
The order is for KOC's key Jurassic Light Oil (JLO) export facilities and the upgrade of existing export network. The scope of work includes the EPC of six new crude oil storage tanks, each with a capacity of 618,000 barrels, on a Lump Sum Turnkey basis. Additionally, the project involves the installation of new pipelines and comprehensive upgrades to Kuwait's existing crude loading and export network to manage increased production.
Mr. E S Sathyanarayanan, Senior Vice President & Head of L&T Energy Hydrocarbon Onshore, expressed pleasure in being entrusted with this strategic project, emphasizing L&T's commitment to supporting Kuwait's energy ambitions through reliable project execution. The announcement highlights the continued confidence in L&T's capability to execute complex hydrocarbon projects.
L&T Energy Hydrocarbon Onshore is a key EPC business within L&T, offering comprehensive Lump Sum Turnkey solutions across upstream, midstream, and downstream hydrocarbon sectors with a strong global execution track record. Larsen & Toubro is a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services.
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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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