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Larsen & Toubro has today executed a Business Transfer Agreement (BTA) with Vyoma.AI (Vyoma), a wholly owned subsidiary of the company, for transfer of company's Data Center and Cloud Services Business (DC Business), on a going concern basis, through slump sale, to Vyoma for an aggregate consideration of Rs 1,400 crore, subject to closing adjustments, to be discharged by issue of fully paid equity shares of Vyoma; and the Company, Vyoma and L&T Network Services (LTNSPL), a wholly owned subsidiary of the company, have today executed a Share Purchase Agreement (SPA), pursuant to which, 100% of the equity held by the company in LTNSPL would be divested to Vyoma, for a consideration of Rs 30 crore, subject to closing adjustments, to be discharged by issue of fully paid equity shares of Vyoma.
Upon closing, LTNSPL would become a direct wholly owned subsidiary of Vyoma and indirect wholly owned subsidiary of the company.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured a batch of orders from the Oil & Natural Gas Corporation (ONGC) for the Pipeline Replacement Project (PRP-X) and Well Head Platforms Project off India's west coast. According to the company's project classification, the orders are valued in the range of Rs 5,000 crore to Rs 10,000 crore.
PRP-X involves engineering, procurement, construction, installation and commissioning (EPCIC) of multiple subsea pipeline segments, along with associated modification works across ONGC's offshore fields. The Well Head Platforms Project involves EPCIC of four Well Head Platforms.
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, the business has executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades, as well as decommissioning assignments.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) is a leading provider of integrated EPCIC solutions for the offshore oil and gas industry. Backed by in-house engineering expertise, advanced fabrication facilities and a dedicated fleet of marine vessels, the business has delivered complex shallow-water and deep-water developments across global markets.
Over the past four decades, LTEH Offshore has executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades, and decommissioning assignments.
Parthasarathi Chatterjee, Senior Vice President & Head – L&T Energy Hydrocarbon Offshore, said, 'These orders reaffirm LTEH Offshore’s position as a trusted partner in the development of India’s offshore energy infrastructure. They reflect the confidence customers place in our integrated EPCIC capabilities, extensive project execution experience and unwavering commitment to safety and operational excellence. We look forward to delivering these projects to ONGC and contributing to the nation’s energy aspirations.'
Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, products and services, operating across diverse domains and multiple geographies.
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 0.23% to Rs 4,040.85 on the BSE.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra mega order from ADNOC Offshore for a major project in the Middle East. According to the company's project classification, the value of the order is above Rs 15,000 crore.
The project will be executed through a consortium arrangement, with LTEH Offshore serving as the lead partner. The project involves the development of multiple offshore facilities.
As the lead consortium partner, LTEH Offshore will execute the major share of the project scope, covering engineering, procurement, construction, installation and commissioning (EPCIC) of the offshore facilities, in addition to the upgrade of existing facilities.
A significant portion of the fabrication work will be undertaken at L&T's state-of-the-art fabrication yards, leveraging the Company's integrated EPCIC capabilities and extensive track record in delivering large and complex offshore developments across the region.
LTEH Offshore is a leading EPCIC solutions provider for 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 field developments across geographies.
Over the past four decades, the business has executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades and decommissioning jobs.
The project will be executed through a consortium, with LTEH Offshore serving as the lead partner. The scope includes the development of multiple offshore facilities, with L&T responsible for the majority of the work.
As the lead consortium partner, LTEH Offshore will undertake engineering, procurement, construction, installation and commissioning (EPCIC) of the offshore facilities, along with the upgrade of existing infrastructure. A significant portion of the fabrication work will be carried out at L&T's advanced fabrication yards, leveraging the company's integrated EPCIC capabilities and extensive experience in executing large and complex offshore projects.
LTEH Offshore is a leading EPCIC solutions provider for the offshore oil and gas industry, backed by in-house engineering expertise, world-class fabrication facilities and a dedicated fleet of marine vessels. Over the past four decades, the business has successfully delivered a wide range of offshore developments, including fixed platforms, subsea pipelines and structures, brownfield upgrades, and decommissioning projects across global markets.
S N Subrahmanyan, chairman & managing director – Larsen & Toubro, said, 'This prestigious award from ADNOC reflects the trust our clients place in L&T’s engineering excellence, project execution capabilities and unwavering commitment to delivering complex energy infrastructure projects safely and on schedule. As a long-standing partner in the region, we remain committed to supporting the UAE’s energy ambitions through innovative, sustainable and world-class offshore solutions”.
Under the agreement, L&T has been selected as one of four EPC contractors eligible to participate in PDO's upcoming front-end engineering design (FEED) and EPC projects during the six-year contract period.
The company said the agreement further strengthens its long-standing partnership with PDO. L&T will leverage its integrated engineering and execution capabilities, global expertise and innovation to support PDO's future project requirements.
L&T added that it remains committed to supporting In-Country Value (ICV) development in Oman by creating opportunities for local suppliers, subcontractors and service providers, while continuing to develop local capabilities.
L&T Energy Hydrocarbon Onshore is one of India's largest EPC businesses, providing integrated lump-sum turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors. The business has executed refinery expansions, petrochemical complexes, gas processing plants, LNG terminals, fertiliser plants and cross-country pipeline projects across global markets.
Commenting on the development, E S Sathyanarayanan, Senior Vice President & Head - L&T Energy Hydrocarbon Onshore, said: 'This Framework Agreement marks an important milestone in our long-standing association with Petroleum Development Oman. We look forward to supporting PDO's development plans through safe, innovative and sustainable project delivery, while contributing to Oman's long-term energy and economic growth objectives'.
L&T had reported 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 shed 0.14% to Rs 3,932.95 on the BSE.
L&T Energy Hydrocarbon Onshore has signed a six-year engineering, procurement and construction Framework Agreement with Oman's leading oil and gas company, Petroleum Development Oman (PDO), further strengthening the long-standing partnership between the two organisations.
Going by the agreement, L&T has been selected as one of four EPC contractors to participate in PDO's upcoming front-end engineering design and EPC projects over the agreement period. L&T will bring in its integrated engineering and execution capability, global expertise and innovation to support PDO's future project requirements.
L&T remains committed to supporting In-Country Value (ICV) development in Oman through opportunities for local suppliers, subcontractors and service providers, and the continued development of local capabilities.
L&T Energy CarbonLite Solutions, a business vertical of Larsen & Toubro, has secured a Limited Notice to Proceed (LNTP) from NTPC for the main plant package of the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh. The Notice to Proceed will be granted once the project secures environmental clearance and the LNTP period is completed. According to the company's project classification, the value of the project ranges between Rs 10,000 crore to Rs 15,000 crore.
The project entails the construction of two state-of-the-art 800 MW ultra-supercritical generating units. L&T's scope encompasses the design, engineering, manufacturing, supply, erection, testing and commissioning of Boilers, Steam Turbines, Generators, Electrostatic Precipitators (ESPs), Air Cooled Condensers (ACC) and their auxiliaries, along with associated mechanical, electrical, control & instrumentation and civil works. The tasks will be executed on an EPC basis using ultra-supercritical technology, which offers higher efficiency and lowers specific emissions. Once commissioned, the plant will add 1,600 MW of reliable baseload generation capacity to India's grid, helping meet the country's growing electricity demand driven by industrial expansion, urbanisation and infrastructure development.
The contract is for KOC's key Jurassic Light Oil (JLO) export facilities and also involves the upgradation of the existing export network.
The scope encompasses EPC of six new crude oil storage tanks, each with an operating capacity of 618,000 barrels, and associated facilities, on a lump sum turnkey basis.
The project also involves the installation of new pipelines and comprehensive upgrades to Kuwait's existing crude loading and export network to seamlessly accommodate increased production and enhance the country’s crude handling capabilities.
L&T Energy Hydrocarbon Onshore is a significant EPC business of L&T, delivering comprehensive lump sum turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors.
E S Sathyanarayanan, senior vice president & head of L&T Energy Hydrocarbon Onshore and member of the divisional board - L&T, said: “We are pleased to be entrusted with this major strategic project by Kuwait Oil Company.
The development of the Jurassic Light Oil export infrastructure is an important investment in Kuwait’s energy sector and we are committed to supporting the country’s energy ambitions through reliable and world-class project execution.'
As per L&T's internal classification, the value of this 'major' contract lies between Rs 5,000 crore and Rs 10,000 crore.
The conglomerate had announced its June 2026 quarterly earnings post market hours yesterday.
L&T had reported 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. International revenues stood at Rs 34,393 crore in Q1 FY27, contributing 51% of the company’s total revenues.
EBITDA fell by 3% YoY to Rs 6,116 crore while EBITDA margin contracted by 90 basis points YoY to 9.0% in the June'26 quarter.
The company secured orders worth Rs 108,014 crore, registering a year-on-year (YoY) growth of 14% for the quarter ended June 30, 2026. During the quarter, significant order wins were achieved across multiple businesses such as residential & commercial buildings, transportation infrastructure, ferrous metals, offshore wind and the heavy engineering businesses.
The value of the international orders was Rs 60,702 crore, contributing 56% to the total order inflow in the June'26 quarter.
The Group’s consolidated order book as on June 30, 2026, was at Rs 778,954 crore, reflecting a 5% growth over March 2026 quarter. International orders constituted 52% of the overall order book.