L&T Wins ONGC Offshore Orders Worth ₹5,000-10,000 Crore

Larsen & Toubro's energy hydrocarbon offshore business has secured major orders from state-owned Oil and Natural Gas Corporation for projects off India's west coast. The orders, valued between ₹5,000 crore and ₹10,000 crore, cover ONGC's Pipeline Replacement Project and a separate Well Head Platforms Project.

The Pipeline Replacement Project, known as PRP-X, involves the engineering, procurement, construction, installation, and commissioning of several subsea pipeline segments. The project also includes associated modification work across ONGC's offshore fields. Subsea pipelines are used to transport oil and natural gas between offshore facilities and processing infrastructure.

The Well Head Platforms Project involves the engineering, procurement, construction, installation, and commissioning of four platforms. Well head platforms support offshore drilling and production operations, helping collect and manage hydrocarbons extracted from undersea reservoirs.

L&T Energy Hydrocarbon Offshore, which provides integrated solutions to the offshore oil and gas industry, will execute the contracts. The business has in-house engineering capabilities, fabrication facilities, and a dedicated fleet of marine vessels. It has delivered shallow-water and deep-water developments in India and overseas over the past four decades.

Parthasarathi Chatterjee, Senior Vice-President and Head of L&T Energy Hydrocarbon Offshore, said the orders strengthened the company's position as a trusted partner in developing India's offshore energy infrastructure. He said the contracts reflected customer confidence in L&T's integrated project capabilities, execution experience, and commitment to safety and operational excellence.

The latest contracts deepen L&T's partnership with ONGC and expand its offshore project portfolio. L&T is a USD 32 billion Indian multinational operating across engineering, procurement, and construction projects, hi-tech manufacturing, products, and services in multiple markets.

The orders are a significant boost to L&T's energy hydrocarbon offshore business, which has been a key driver of growth for the company. The projects will help increase India's offshore oil and gas production, which is critical for meeting the country's growing energy demands.

In recent years, L&T has been actively pursuing opportunities in the offshore oil and gas sector, both in India and overseas. The company's expertise in engineering, procurement, and construction has made it a preferred partner for many oil and gas companies.

The orders from ONGC are a testament to L&T's capabilities and its commitment to delivering high-quality projects on time. The company's focus on safety, operational excellence, and customer satisfaction has earned it a reputation as a trusted partner in the offshore oil and gas industry.

The projects will also create employment opportunities and stimulate economic growth in the regions where they are located. The development of India's offshore energy infrastructure is critical for the country's economic growth and energy security, and L&T is playing a key role in this effort.

In conclusion, the orders from ONGC are a significant milestone for L&T's energy hydrocarbon offshore business. The projects will help increase India's offshore oil and gas production, create employment opportunities, and stimulate economic growth. L&T's commitment to delivering high-quality projects on time and its focus on safety, operational excellence, and customer satisfaction have earned it a reputation as a trusted partner in the offshore oil and gas industry.