Overview
- Larsen & Toubro announced on Tuesday that its LTEH Offshore unit has secured an 'ultra‑mega' contract from ADNOC Offshore to develop multiple offshore facilities in the Middle East.
- Under the agreement LTEH Offshore will act as consortium lead and carry out the bulk of engineering, procurement, construction, installation and commissioning for new platforms and brownfield upgrades.
- L&T said a large share of fabrication will be done at its in‑house yards and will use the company’s marine fleet and engineering resources to execute the work.
- The company’s public description of the award as 'ultra‑mega' implies a value above Rs 15,000 crore though L&T has not separately disclosed a headline contract price.
- The order was announced alongside quarterly results showing a 14% rise in net profit and international orders of Rs 60,702 crore, and it may strengthen L&T’s regional presence, yard workloads and employment in its fabrication centres.