1 week ago
L&T Secures Over ₹15,000 Crore Middle East Sour-Gas Contract
Larsen & Toubro has won a very large project in the Middle East.
The project is worth more than ₹15,000 crore.
It will build facilities that compress and process sour gas.
Sour gas needs special equipment to handle it safely.
The work will also include systems for water, condensate, cooling, and other utilities.
Another L&T business will build two large substations to provide electricity.
L&T said the project will increase gas-compression capacity and supporting infrastructure.
The company did not name the customer or give the exact contract value.
Larsen & Toubro secured an ultra-mega EPC contract worth more than ₹15,000 crore for a Middle East gas-compression project.
L&T Energy Hydrocarbon Onshore will execute the project, which was awarded through a letter of award issued in FY26.
The project includes new onshore facilities for sour-gas inlet, compression, condensate and produced-water handling, propane refrigeration, and related utilities.
L&T’s Power Transmission & Distribution business will build two 230 kV extra-high-voltage substations for the compression facilities.
L&T did not disclose the exact contract value or client; its shares rose 0.44% to ₹4,106.40 after the announcement.
- Who
- Larsen & Toubro, through its L&T Energy Hydrocarbon Onshore and Power Transmission & Distribution businesses.
- What
- An ultra-mega engineering, procurement and construction contract worth more than ₹15,000 crore for sour-gas compression facilities and related infrastructure.
- Where
- The Middle East; the specific project location was not disclosed.
- When
- Announced on Monday, August 24, 2026; the letter of award was issued in FY26.
- Why
- The project is intended to add gas-compression capacity and utility infrastructure, including power systems for the compression facilities.
Key facts
- Contract value
- More than ₹15,000 crore; the exact value was not disclosed
- Project type
- Ultra-mega engineering, procurement and construction contract
- Project region
- Middle East
- Gas facilities
- New onshore sour-gas inlet, compression, condensate and produced-water handling facilities
- Additional systems
- Propane refrigeration systems and associated utilities
- Electrical scope
- Two 230 kV extra-high-voltage substations
- Client
- Not identified by L&T
- Share-price response
- L&T shares rose 0.44% to ₹4,106.40; another report described the stock as broadly flat intraday
Quotes
E S Sathyanarayanan
Senior Vice President and Head of L&T Energy Hydrocarbon Onshore
“The contract marks the start of a strategically important project that will add significant gas compression capacity and utility infrastructure. The project draws on our extensive experience in executing large and complex hydrocarbon facilities and reinforces our capability to deliver integrated solutions for challenging sour gas applications”
businesstoday.in
financialexpress.com
Sources
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