L&T Wins Major ONGC Contracts for Offshore Projects

Larsen & Toubro’s hydrocarbon offshore business has secured significant contracts from Oil & Natural Gas Corporation (ONGC) for critical projects located off India’s west coast. These awards reinforce L&T’s strategic position in the nation’s energy infrastructure sector.

Key Offshore Projects Underway

• The Pipeline Replacement Project (PRP-X) involves the engineering, procurement, construction, installation, and commissioning (EPCIC) of multiple subsea pipeline segments. This also includes associated modification work across ONGC’s offshore fields.
• The Well Head Platforms Project focuses on the EPCIC of four new wellhead platforms, expanding crucial production capabilities.

L&T Energy Hydrocarbon Offshore (LTEH Offshore) is recognized for its comprehensive EPCIC solutions within the challenging offshore oil and gas domain. The company leverages its robust in-house engineering capabilities, advanced fabrication facilities, and a dedicated fleet of marine vessels to execute complex projects.

Parthasarathi Chatterjee, Senior Vice President & Head of LTEH Offshore, stated that these orders highlight the unit’s role as a reliable partner in advancing India’s offshore energy infrastructure. He emphasized the considerable confidence customers place in their integrated EPCIC capabilities, extensive project execution experience, and unwavering commitment to safety and operational excellence.

L&T’s Financial Performance

These new contracts arrive as L&T demonstrates strong financial health.

• Consolidated net profit for the first quarter of fiscal year 2027 increased by 14%.
• Consolidated revenues for the same period rose by 7% compared to the previous fiscal year.

As an Indian multinational, L&T operates across diverse sectors, including EPC projects, hi-tech manufacturing, and various products and services globally. The new ONGC contracts underscore its continued dominance and strategic importance in developing India’s vital energy assets, connecting its operational prowess with its financial growth trajectory.