3 weeks ago
L&T Secures Major ONGC Offshore Orders Worth ₹5,000–10,000 Crore
A very big Indian company called Larsen & Toubro got some very large jobs from another company called ONGC.
ONGC looks for oil and gas under the sea.
These jobs are for projects in the ocean near the west coast of India.
One job is to replace pipelines that carry oil and gas under the sea.
The other job is to build four new platforms standing in the sea that help with drilling and production.
These are big jobs worth between 5,000 and 10,000 crore rupees, which is a huge amount of money.
The company did not say the exact amount, but it calls orders this large 'major' orders.
L&T will handle the engineering, buying materials, building, installing, and making everything work.
The leader of this part of the business said the jobs show that ONGC trusts L&T to build India's ocean energy infrastructure.
Larsen & Toubro's energy hydrocarbon offshore business (LTEH Offshore) has secured major orders from state-owned ONGC for projects off India's west coast.
The orders cover ONGC's Pipeline Replacement Project (PRP-X) and a separate Well Head Platforms Project, announced via an exchange filing on Friday, 7 August.
L&T classified the orders as 'major,' valued between ₹5,000 crore and ₹10,000 crore, without disclosing the precise amount.
The work involves engineering, procurement, construction, installation and commissioning (EPCIC) of multiple subsea pipeline segments and four well head platforms.
Parthasarathi Chatterjee, Senior Vice-President and Head of L&T Energy Hydrocarbon Offshore, said the orders reaffirmed LTEH Offshore's position as a trusted partner in developing India's offshore energy infrastructure.
- Who
- Larsen & Toubro (L&T) through its unit L&T Energy Hydrocarbon (LTEH) Offshore, with state-owned Oil and Natural Gas Corporation (ONGC) as the client.
- What
- L&T won major offshore EPCIC orders covering ONGC's Pipeline Replacement Project (PRP-X) and a Well Head Platforms Project, valued between ₹5,000 crore and ₹10,000 crore.
- Where
- Off India's west coast.
- When
- Announced via an exchange filing on Friday, 7 August.
- Why
- To replace subsea pipeline segments and build four well head platforms to support offshore oil and gas drilling and production.
Key facts
- Contractor
- Larsen & Toubro (L&T Energy Hydrocarbon Offshore)
- Client
- Oil and Natural Gas Corporation (ONGC)
- Order Value
- ₹5,000 crore – ₹10,000 crore (classified as 'major')
- Projects
- Pipeline Replacement Project (PRP-X); Well Head Platforms Project
- Location
- Off India's west coast
- Platforms
- 4 well head platforms
- Announcement
- Exchange filing, Friday 7 August
- Executive Comment
- Parthasarathi Chatterjee, Senior Vice-President and Head of L&T Energy Hydrocarbon Offshore
Quotes
Parthasarathi Chatterjee
Senior Vice President & Head – L&T Energy Hydrocarbon Offshore
“These orders reaffirm LTEH Offshore’s position as a trusted partner in the development of India’s offshore energy infrastructure…. We look forward to delivering these projects to ONGC and contributing to the nation’s energy aspirations”
financialexpress.com
“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.”
financialexpress.com
Sources
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