Published On:July 2 2024
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L&T Secures ₹2,500 Crore Order from ONGC
Larsen & Toubro (L&T) announced on Monday that it has secured an order worth up to ₹2,500 crore from the State-run Oil and Natural Gas Corporation (ONGC).
The order, managed by the L&T Energy Hydrocarbon (LTEH) vertical, pertains to the eighth phase of the pipeline replacement project (PRP-VIII Group B) off India's west coast. The project involves engineering, procurement, construction, installation, and commissioning (EPCIC) of 129 km of subsea pipelines and associated modification works across ONGC's west coast offshore fields.
According to L&T's project classification, significant orders range between ₹1,000 crore and ₹2,500 crore.
Subramanian Sarma, L&T’s Whole-Time Director & President–Energy, remarked, “This order reflects ONGC’s continued confidence in L&T, and this emanates from our track record of successfully delivering complex offshore projects. This order further demonstrates L&T’s unwavering commitment to India’s energy requirement.”
LTEH, organized under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT), and Offshore Wind Farm Business Groups, provides integrated design-to-build solutions across the hydrocarbon sector for both domestic and international customers. With over three decades of experience, LTEH is recognized for setting global benchmarks in project management, corporate governance, quality, health safety environment (HSE), and operational excellence.
HBL