L&T classifies orders above ₹15,000 crore as “ultra-mega” ones.
The company said the contract encompasses multiple offshore packages, and the scope of work includes engineering, procurement, construction and installation of offshore structures, along with the upgradation of existing facilities.
L&T’s hydrocarbon offshore vertical is a provider of engineering, procurement, construction, installation and commissioning solutions in the offshore oil and gas sector.
On another note, L&T will be reporting its first quarter earnings on Tuesday.
Last week, L&T’s buildings and factories business won an orders in the ₹2,500 crore to ₹5,000 crore range in India and overseas.
It secured orders from the Andhra Pradesh Capital Region Development Authority that are to be executed in Amaravati, it also won an order from a developer to construct residential towers in Mumbai.
The buildings and factories division of L&T Oman also won a repeat order from a client for the construction of a premium office space in Muscat, it said.
Last week, L&T also said it would set up India’s largest green hydrogen plant at Indian Oil Corporation Ltd.’s refinery in Panipat, Haryana.
L&T shares were trading flat at ₹3,418.1 apiece at 10.55 am on Tuesday. The stock has declined nearly 7% in the past month.
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