Larsen & Toubro (L&T) on Monday said that its Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) has received a Letter of Intent for a mega offshore order from a prestigious client in the Middle East. The scope of work, it added, comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities.
Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy), L&T, said, “This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business. Our focus continues to be on enhancing competencies and leveraging opportunities arising from our core markets.”
The Hydrocarbon Business is executing several domestic and international offshore projects and is committed to expanding its regional presence across adjacent and business-conducive geographies.
Organised under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT) and Offshore Wind Farm Business Groups, LTEH offers integrated design to build solutions across the hydrocarbon sector to domestic and international customers.
According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore, large orders are worth Rs 2500 crore- Rs 5000 crore, major orders are in the range of Rs 5000 crore- Rs 7000 crore and mega orders are worth above Rs 7000 crore.
Larsen & Toubro is a $23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide.