In a significant development, Larsen & Toubro (L&T) announced on Tuesday that it has secured a massive offshore project valued at over Rs 15,000 crore in the Middle East. The company has classified this remarkable achievement as an ‘ultra-mega’ project, highlighting its magnitude and impact on the industry.
Larsen & Toubro’s Hydrocarbon Business (L&T Energy Hydrocarbon LTEH) has once again proven its mettle by clinching a Letter of Intent for an Ultra-Mega Onshore project from a highly esteemed client in the Middle East. This triumph follows closely on the heels of another Ultra-Mega project award for a Gas Compression plant, marking L&T’s exceptional prowess in the sector.
The project encompasses a wide range of activities, including procurement and construction for a gas processing plant. This state-of-the-art facility will feature inlet separation facilities, booster compression systems, and other crucial components. Moreover, the project involves the integration of these cutting-edge facilities with existing gas processing plants, ensuring a seamless and efficient operation.
Larsen & Toubro, with an impressive global presence in over 50 countries, is a leading Indian multinational conglomerate with a substantial market capitalization of USD 23 billion. This latest milestone reaffirms L&T’s standing as a powerhouse in the industry, and its continued commitment to excellence and innovation.
Larsen & Toubro Ltd, often referred to as L&T, is an Indian multinational conglomerate corporation. The company’s diverse portfolio spans across various sectors, including engineering, construction, manufacturing, technology, information technology, and financial services. L&T’s main corporate headquarters is situated in Mumbai, with its technical services division headquartered in Chennai.
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