L&T Energy Hydrocarbon Secures ₹5,000–10,000 Crore Mega EPCIC Order from ONGC

L&T Energy Hydrocarbon (LTEH) Offshore, a subsidiary of Larsen & Toubro, has bagged a major contract from the Oil and Natural Gas Corporation (ONGC) for offshore infrastructure development off India’s west coast. Key Deal Highlights: Contract Value: Estimated between ₹5,000 to ₹10,000 crore. Scope of Work: Comprehensive EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) for: Pipeline Replacement Project (PRP-X): Multiple subsea pipeline segments and related modification works across ONGC’s offshore fields. Well Head Platforms: EPCIC for four new Well Head Platforms. Location: Offshore fields along India’s west coast. Strategic Rationale: Integrated Capabilities: The project leverages LTEH Offshore’s 40+ years of domain expertise, supported by robust in-house engineering, advanced fabrication facilities, and a dedicated fleet of marine vessels. Energy Security: This win reinforces L&T’s position as a trusted, premier partner in developing India’s critical offshore energy infrastructure, directly supporting the nation's domestic energy production aspirations. Outlook: This mega-order significantly bolsters L&T’s offshore order book, providing strong, long-term revenue visibility. It also underscores the sustained capital expenditure momentum in India's upstream oil and gas sector, with state-owned giants like ONGC actively investing in the life-extension and modernization of existing offshore assets. $LT