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L&T secures largest-ever offshore hydrocarbon contract from QatarEnergy

March 28, 2025 at 01:44 AM UTCBy FilingReader AI

Larsen & Toubro (L&T:LT) announced it has secured its largest-ever single contract from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). The "Ultra Mega" offshore contract encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each including large offshore platforms, power generation facilities, and living quarters, located approximately 80 kilometers off Qatar's northeast coast. According to the company, a contract is classified as "Ultra Mega" if valued above ₹15,000 crore. L&T's Chairman, Mr. S N Subrahmanyan, noted the deal strengthens L&T's global energy portfolio and supports Qatar's energy security objectives. Mr. Subramanian Sarma, Deputy Managing Director & President of L&T noted it strengthens the company’s partnership with Qatar and reaffirms L&T’s commitment to supporting Qatar’s energy objectives through innovation.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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