Larsen & Toubro Shares Rise After Large ONGC Offshore Order
By ThePip Desk
Larsen & Toubro shares gained after securing a major Rs 2,500-5,000 crore offshore development project from ONGC off India’s west coast.
Market Movement and Order Details
Larsen & Toubro is currently trading at Rs 3971.90, reflecting a gain of 11.90 points or 0.30% from its previous closing of Rs 3960.00 on the BSE. The stock opened at Rs 3943.60 and has seen a trading range between a high of Rs 4020.90 and a low of Rs 3940.15.
The company announced that its L&T Energy Hydrocarbon Offshore business vertical secured a large order from the Oil & Natural Gas Corporation. The project covers the Additional Development of Ratna-I and NLM-14 located off the west coast of India.
Key Project and Financial Metrics
- Order Value: Rs 2,500 crore to Rs 5,000 crore
- Volume Traded: 53928 shares
- Market Capitalization: Rs 546899.89 crore
- Institutional Holding: 62.39%
- Non-Institutional Holding: 37.60%
The scope of the contract includes engineering, procurement, construction, installation, and commissioning of three new well-head platforms. Additionally, the project encompasses one riser platform, subsea pipelines and cables, and brownfield modifications to existing offshore installations.
Stock Performance Overview
Larsen & Toubro shares have experienced significant volatility over the past year. The stock reached a 52 week high of Rs 4440.00 on 24-Feb-2026 and a 52 week low of Rs 3288.65 on 23-Mar-2026. Recent performance data shows a one week high of Rs 4027.00 and a one week low of Rs 3940.15.
The project is designed to enhance production capabilities and support the ongoing development of offshore assets for the Oil & Natural Gas Corporation. Larsen & Toubro continues to operate across diverse domains, maintaining its focus on engineering, procurement, and construction projects alongside hi-tech manufacturing and services.