THIS Indian company bags MASSIVE order in Middle East, company's hydrocarbon offshore business secures order..., project likely to...
New Delhi: In a major development, Larsen & Tourbo Energy Hydrocarbon Offshore has secured an huge order worth from an unnamed Middle Eastern entity. According to the company, Larsen & Tourbo has classified the order under its 'ultra-mega' category, implying that the order value is more than Rs 15,000 crore. It is important to note that the company's hydrocarbon offshore business vertical will take up engineering, procurement, construction (EPC) and installation of offshore structures, along with the upgradation of existing facilities under the order. This order collectively includes multiple offshore packages.
'This ultra-mega order is a testament to the speed and precision with which the Hydrocarbon Offshore business vertical delivers complex projects across the globe, while adhering to world-class safety practices,' L&T said in a stock exchange filing. Larsen & Toubro (L&T)
Larsen & Toubro (L&T) on Tuesday posted a robust set of numbers for the first quarter of the fiscal year 2025-26 (FY26), recording double-digit growth in both bottomline and topline. L&T's Q1 consolidated net profit (attributable to owners) stood at Rs 3,617.19 crore, as against Rs 2,785.72 crore in the same period last year, recording a growth of 29.8% year-on-year.
The company reported a 16 percent YoY jump in its June quarter revenue to Rs 63,679 crore on healthy execution witnessed in its key Projects & Manufacturing (P&M) portfolio. International revenues during the quarter stood at Rs 32,994 crore, constituting 52% of the total revenues.
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