Shares of Larsen & Toubro Ltd were trading in the green and 1.5% higher on 9 October after the company announced that its Hydrocarbon Onshore unit had obtained an ultra-mega order worth more than Rs 15,000 crore to build a Natural Gas Liquids (NGL) plant and related facilities in the Middle East.  

L&T Energy Hydrocarbon Onshore won the contract in collaboration with Consolidated Contractors Group S.A.L. (Offshore) (CCC), situated in Greece.

L&T will serve as the consortium’s lead partner, responsible for engineering and procurement, while CCC will handle construction activities. The project entails designing, procuring, building, installing, and commissioning an NGL plant to process Rich Associated Gas (RAG) and create value-added products such as lean sales gas, ethane, propane, butane, and hydrocarbon condensate.

Commenting on the order, S.N. Subrahmanyan, Chairman & Managing Director of L&T, said: “The ultra-mega order reaffirms L&T’s position as a trusted partner in delivering mega energy infrastructure. It underscores our growing global footprint and ability to execute projects of high complexity in partnership with leading players like CCC.”

Subramanian Sarma, L&T’s Deputy Managing Director and President, explained that the project combines modern engineering, complicated brownfield integration, and long-term dependability measures to increase the company’s contribution to global energy security.

L&T Energy Hydrocarbon Onshore (LTEH Onshore) is one of India’s largest EPC companies, having a proven track record in refinery expansions, petrochemical complexes, gas processing facilities, fertiliser units, LNG terminals, and cross-country pipelines.

At 2:40 pm, the shares of Larsen and Toubro were trading 0.92% higher at Rs 3,763.90 on NSE.

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