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L&T secures large offshore order from ONGC for west coast projects

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Core Development: L&T secures large offshore order from ONGC for west coast projects
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Market & Financial Impact: L&T Energy Hydrocarbon Offshore has secured a ₹2,500-5,000 crore order from ONGC for additional development of the Ratna-I and NLM-14 offshore projects off India's west coast
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

According to the company's classification, a large order is valued between ₹2,500 crore and ₹5,000 crore | Image: Bloomberg

Larsen and Toubro (L&T) on Wednesday said it has secured a large order from state-owned ONGC in India.

According to the company's classification, a large order is valued between ₹2,500 crore and ₹5,000 crore.

"L&T Energy Hydrocarbon Offshore has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for the Additional Development of RatnaI (ADR I) and NLM-14 project off India's west coast," L&T said in an exchange filing.

The project involves engineering, procurement, construction, installation and commissioning of three new wellhead platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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