L&T wins Ultra-Mega order for Hydrocarbon Onshore Business
L&T wins an ultra-mega order for its Hydrocarbon Onshore business for setting up a Natural Gas Liquids plant in the Middle East in consortium with CCC.
An ultra-mega order suggests a substantial financial impact and strengthens L&T's position in the energy sector.
The announcement highlights a significant new order win, which is generally viewed favorably.
* L&T has secured an ultra-mega order for its Hydrocarbon Onshore business to set up a Natural Gas Liquids plant and allied facilities in the Middle East. * The order was won in consortium with Consolidated Contractors Group S.A.L. (Offshore) (CCC). * L&T will handle engineering and procurement, while CCC will manage construction. * The plant will process Rich Associated Gas (RAG) to produce lean sales gas, ethane, propane, butane, and hydrocarbon condensate. * Mr. S N Subrahmanyan, Chairman & Managing Director - L&T, mentioned that this order reaffirms L&T’s position as a trusted partner. * Mr. Subramanian Sarma, Deputy Managing Director & President - L&T, added that the project strengthens L&T’s role in shaping energy security.
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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 high impact, which is the band that most often changes something.
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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.