L&T Secures Record-Breaking Ultra Mega Contract Worth Over ₹15,000 Crore from QatarEnergy LNG
Larsen & Toubro (L&T) has been awarded its largest single contract by QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project. Valued at over ₹15,000 crore, the project involves engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes off Qatar's northeast coast. The scope includes large offshore platforms with compression & power generation facilities, living quarters, and associated structures. This Ultra-Mega project strengthens L&T's global energy portfolio and partnership with Qatar.

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Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has clinched its largest-ever single contract, marking a significant milestone in the company's history. The Mumbai-based firm announced that it has been awarded an Ultra Mega Offshore Contract by QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4).
Contract Details
The contract, valued at more than ₹15,000.00 crore, represents a major leap forward for L&T's Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH). This prestigious project involves the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes off the northeast coast of Qatar.
Scope of Work
The project's scope is extensive and includes:
- Two large offshore platforms with compression & power generation facilities
- Living quarters
- Flare platforms
- Interconnected bridges
- Other associated structures
These facilities will be located approximately 80 km off the northeast coast of Qatar, underlining the project's strategic importance and technical complexity.
Strategic Significance
Mr. S N Subrahmanyan, Chairman & Managing Director of L&T, emphasized the significance of this contract, stating, "Securing QatarEnergy LNG's Ultra Mega Offshore Contract—the largest single order in our history, is a landmark achievement. This prestigious project strengthens our global energy portfolio while supporting Qatar's energy security objectives."
Strengthening Global Partnerships
The award of this contract not only bolsters L&T's position in the global energy sector but also reinforces its partnership with Qatar. Mr. Subramanian Sarma, Deputy Managing Director & President of L&T, highlighted the trust placed in L&T's expertise, saying, "This collaboration not only strengthens our partnership but also reaffirms L&T's commitment to supporting Qatar's strategic energy objectives through innovative and reliable solutions."
Company Overview
Larsen & Toubro, a $27.00 billion Indian multinational, operates in over 50 countries worldwide. The company is engaged in EPC Projects, Hi-Tech Manufacturing, and Services. L&T's strong customer-focused approach and quest for top-class quality have enabled it to maintain leadership in its major lines of business for eight decades.
Project Classification
L&T classifies its projects based on their value. The table below illustrates the company's project classification system:
Classification | Value Range (₹ Cr) |
---|---|
Significant | 1,000.00 to 2,500.00 |
Large | 2,500.00 to 5,000.00 |
Major | 5,000.00 to 10,000.00 |
Mega | 10,000.00 to 15,000.00 |
Ultra-Mega | >15,000.00 |
This latest contract falls into the Ultra-Mega category, underscoring its exceptional scale and importance for L&T.
The successful execution of this project is expected to set new benchmarks in project execution and reinforce Qatar's position as a global LNG leader. As L&T embarks on this monumental project, the industry will be watching closely to see how this contract impacts the company's financial performance and global standing in the coming years.
Historical Stock Returns for Larsen & Toubro
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.61% | +4.22% | +2.33% | -9.05% | -8.55% | +248.09% |