L&T Expands Offshore Capabilities with Strategic Acquisition

Larsen & Toubro (L&T) has strengthened its offshore execution capabilities by acquiring the remaining 40% stake in L&T Sapura Shipping Pvt Ltd (LTSSPL) from Sapura Nautical Power Pte Ltd, making LTSSPL a wholly owned subsidiary. Deal Snapshot Stake acquired: 40% Total consideration: ₹1,223.9 million Price: ₹19.26 per share for 6,35,41,233 equity shares Expected completion: By 31 January 2026, subject to customary conditions LTSSPL to repay US$16.93 million shareholder loan to Sapura About LTSSPL Operates in Oil & Gas and Maritime offshore segments Owns a Heavy Lift cum Pipe Lay Vessel (HLPV) used in offshore installation projects Turnover trend: ₹154.12 crore (FY25) ₹162.50 crore (FY24) ₹58.45 crore (FY23) Why this matters Enhances L&T’s asset ownership and operational flexibility Improves offshore execution capability in India and the Middle East Reduces dependency on third-party vessel availability Supports long-term growth in offshore energy and marine infrastructure Governance note Transaction classified as a Related Party Transaction, executed on an arm’s length basis Investor takeaway Full ownership of LTSSPL strengthens L&T’s offshore project execution capabilities and asset control, supporting margin stability and long-term competitiveness in oil & gas and maritime EPC projects. If you found this post helpful, do follow me for more such insights!