Larsen & Toubro Ltd.LT₹3,763.70 +0.91%

The Hydrocarbon Onshore business of Larsen & Toubro Ltd. has secured an ultra-mega order for setting up a Natural Gas Liquids (NGL) plant and allied facilities in the Middle East. L&T won the contract in a consortium with the Greece-headquartered Consolidated Contractors Group S.A.L. (Offshore) (CCC).

The scope of work for the contract involves the engineering, procurement, construction, installation, and commissioning of the NGL plant and its associated utilities and offsite facilities, along with integration with existing facilities. The project is specifically designed for processing Rich Associated Gas (RAG). Under the consortium agreement, L&T, as the lead partner, will be responsible for the engineering and procurement activities, while CCC will handle the construction.

The RAG will be sourced from both offshore and onshore oil fields and treated at the new plant to remove impurities like H2S, CO2, and H2O. This process will yield several value-added products, including lean sales gas, ethane, propane, butane, and hydrocarbon condensate.

Commenting on the order win, Mr. S N Subrahmanyan, Chairman & Managing Director – L&T, said the ultra-mega order reaffirms L&T’s position as a trusted partner in delivering mega energy infrastructure. He highlighted the growing global footprint and the company’s ability to execute projects of high complexity in partnership with leading players like CCC. Mr. Subramanian Sarma, Deputy Managing Director & President – L&T, added that the project strengthens L&T’s role in shaping energy security and deepening its relationship with Oil & Gas companies through world-class execution.

L&T classifies an ultra-mega order as one with a value exceeding ₹15,000 Crore. L&T Energy Hydrocarbon Onshore is one of India’s largest EPC businesses, providing comprehensive Lump Sum Turnkey solutions across the upstream, midstream, and downstream hydrocarbon sectors globally.

Over the past five years this stock has delivered multibagger returns of more than 325%.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 2:45 pm.

Disclaimer and Disclosure 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Registration granted by SEBI, enlistment as Research Analyst with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Kindly refer to  https://share.market/ for more details.Investments in WealthBaskets are subject to the Terms of Service. All investors are advised to conduct their own independent research into investment strategies before making an investment decision. PPWB acts as a distributor of mutual funds and WealthBaskets and it is not an exchange traded product. Disputes with respect to the distribution activity of Mutual Funds and WealthBaskets will not have access to Exchange investor redressal or Arbitration mechanism. The securities are quoted as an example and not as a recommendation. This is for informational purposes and should not be considered as recommendations.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA. CIN: U65990KA2021PTC146954