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L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for the Additional Development of Ratna–I (ADR I) and NLM-14 project off India's west coast. According to the company's project classification, the value of the order ranges between Rs 2,500 crore to Rs 5,000 crore.
The project involves 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.
The project is aimed at enhancing production and supporting the continued development of ONGC's offshore assets in the region.
Larsen & Toubro (L&T) has become the first private sector corporate in India to raise Rs 500 crore through tokenised bonds with a 3-year tenure, under the Securities and Exchange Board of India's (SEBI) newly introduced blockchain-based tokenisation framework.
SEBI's pioneering initiative enables the tokenisation of corporate bonds using Distributed Ledger Technology (DLT), marking a significant step towards the digital transformation of India's corporate bond market. The framework is aimed at enhancing transparency, efficiency and digitalisation, while facilitating wider participation and potentially improving liquidity in the corporate bond market.
The bond issuance and related processes leverage DLT-based infrastructure, with settlement of funds facilitated through a Central Bank Digital Currency (CBDC) wallet. The integration of tokenised securities with CBDC-based settlement infrastructure represents an important advancement towards more seamless, secure and efficient digital capital-market transactions.
LTEH Offshore is a leading provider of integrated EPCIC solutions for the offshore oil and gas industry. Supported by robust in-house engineering capabilities, world-class fabrication facilities and a dedicated fleet of marine vessels, it has successfully delivered complex shallow-water and deep-water developments across global markets.
Over the past four decades, LTEH Offshore has executed a wide range of projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades, as well as decommissioning assignments.
As per the company's internal classification, the value of this 'large' contract lies between Rs 2,500 crore and Rs 5,000 crore.
Parthasarathi Chatterjee, senior vice president & head – L&T Energy Hydrocarbon Offshore, said: “The ADR-I and NLM-14 developments are significant additions to India's offshore energy infrastructure and demonstrate the continued investment in enhancing production from established offshore assets.
These projects combine new offshore facilities with brownfield modifications in existing operating fields, calling for careful planning, engineering integration and precise execution.
Drawing on our extensive offshore EPCIC experience, we look forward to delivering these developments safely and efficiently, while supporting ONGC’s long-term production objectives”.
Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies.
The company had reported a 14% rise in consolidated net profit to Rs 4,123 crore on a 7% increase in consolidated revenues to Rs 67,942 crore in Q1 FY27 as compared with Q1 FY26.
The scrip rose 0.34% to currently trade at Rs 3973.65 on the BSE.
The Renewables business vertical of Larsen & Toubro (L&T)has won a major order to develop three Battery Energy Storage System (BESS) projects for a notable client in the Middle East. In addition to the storage facilities, the scope of the packages also involves grid interconnections, including pooling substations and underground cables. The three projects will collectively contribute to 6 gigawatt-hour of storage capacity, marking one of the most impactful advancements in grid modernisation and renewable energy integration across the Middle East region. According to the company's project classification, the value of the order ranges between Rs 5,000 crore to Rs 10,000 crore.
This positions L&T as a key EPC player in the fast‑growing energy storage sector. The projects feature a 4-hour Battery Energy Storage System (BESS) each, capable of storing and dispatching energy, to support grid stability and renewable energy integration. This enables effective energy shifting, allowing surplus clean energy generated during off-peak periods to be stored and delivered during peak demand hours. The advanced BESS solution will incorporate liquid cooling technology, ensuring higher power density, enhanced safety and extended operational life.
The scope of the projects includes the development of storage facilities along with grid interconnections, including pooling substations and underground cables.
The three projects will collectively provide 6 gigawatt-hours (GWh) of storage capacity, supporting grid modernisation and renewable energy integration across the Middle East.
Each project features a four-hour BESS capable of storing and dispatching energy to support grid stability and renewable energy integration. The systems will enable energy shifting by storing surplus clean energy generated during off-peak periods and supplying it during peak demand hours.
The BESS solutions will incorporate liquid cooling technology, which is expected to provide higher power density, enhanced safety and longer operational life.
The projects involve stringent requirements related to plant performance, workforce mobilisation, safety, quality and execution timelines. The order reflects the confidence of clients in L&T’s engineering and project management capabilities.
L&T had reported a 14% rise in consolidated net profit to Rs 4,123 crore on a 7% increase in consolidated revenues to Rs 67,942 crore in Q1 FY27 as compared with Q1 FY26.
The counter shed 0.08% to Rs 4,082 on the BSE.
L&T Energy Hydrocarbon Onshore (LTEH Onshore) has signed the contract for undertaking a gas compression facilities project for a prestigious client in the Middle East against a letter of award issued in FY26. According to the company's project classification, the value of the order ranges above Rs 15,000 crore.
The project involves the engineering, procurement and construction (EPC) of gas compression plants, comprising gas inlet facilities, gas compression systems, condensate and produced water handling systems, propane refrigeration systems and all associated utilities. The facilities will be developed for new onshore installations to process sour gas in compliance with applicable client standards, codes and project requirements.
To meet the power requirements of the gas compression plants, L&T's Power Transmission & Distribution business will execute two 230 kV extra-high-voltage substations.
The project involves the engineering, procurement and construction (EPC) of gas compression plants, comprising gas inlet facilities, gas compression systems, condensate and produced water handling systems, propane refrigeration systems and all associated utilities.
The facilities will be developed for new onshore installations to process sour gas in compliance with applicable client standards, codes and project requirements.
To meet the power requirements of the gas compression plants, L&T’s Power Transmission & Distribution business will execute two 230 kV extra-high-voltage substations.
LTEH Onshore is one of India’s largest EPC businesses, delivering comprehensive lump sum turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors.
With a strong execution track record across geographies, it has delivered refinery expansions, petrochemical complexes, gas processing plants, fertiliser plants, LNG terminals and cross country pipelines.
E S Sathyanarayanan, senior vice president & head of L&T Energy Hydrocarbon Onshore, said: “The contract marks the start of a strategically important project that will add significant gas compression capacity and utility infrastructure.
The project draws on our extensive experience in executing large and complex hydrocarbon facilities and reinforces our capability to deliver integrated solutions for challenging sour gas applications.”
As per the company's internal classification, the value of this contract is more than Rs 15,000 crore.
The scrip shed 0.08% to currently trade at Rs 4084.80 on the BSE today.
The Transportation Infrastructure business vertical of L&T, in consortium with Japan's Mitsubishi Heavy Industries (MHI), has secured a large order to design and build the Automated People Mover (APM) System for Phase 1 of Al Maktoum International Airport in Dubai. According to the company's project classification, the value of the order ranges between Rs 2,500 crore to Rs 5,000 crore.
The project, developed by Dubai Aviation City Corporation and being implemented through Dubai Aviation Engineering Projects, is a key component of the airport's long-term expansion programme designed as a multi-phase development. Once fully developed, Al Maktoum International Airport will become the world's largest airport, with a capacity of 260 million passengers and 12 million tonnes of freight annually.
The scope of work for the MHI-L&T consortium encompasses the turnkey delivery of a fully integrated APM System, encompassing design, construction, supply, testing, commissioning and operational readiness of all associated infrastructure and systems.
Under the Design-and-Build contract, L&T will undertake the design, procurement, delivery and integration of critical APM infrastructure and systems, including guideways, DC traction substations, power distribution, signalling and telecommunications, onboard communication systems for vehicles, platform screen doors and depot equipment.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra mega order from a prestigious client in the Middle East. The project involves the development of multiple offshore facilities. According to the company's project classification, the order is valued above Rs 15000 crore.
LTEH Offshore will execute the project scope encompassing engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities. A significant portion of the fabrication activities will be carried out at L&T's integrated, world-class manufacturing and fabrication facilities.
The award reinforces LTEH Offshore's long-standing presence in the Middle East and reflects the confidence placed by customers in its ability to deliver large and complex offshore projects safely, on schedule and to the highest quality standards.
Backed by integrated in-house engineering, project management, procurement, fabrication and installation capabilities and a dedicated fleet of vessels, LTEH Offshore has delivered some of the region's most challenging offshore developments. Over the past four decades, the business has successfully executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades and modifications, deep water subsea structures and pipelines, and decommissioning programmes across global markets.