Latest news with #SubramanianSarma
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Business Standard
5 days ago
- Business
- Business Standard
L&T gears up for nuclear entry, to focus on small modular reactors
Company is actively scouting for global technology partners in the US and Europe Alappuzha Listen to This Article With the regulatory approval from the US Department of Energy in its kitty, Indian multinational conglomerate L&T is planning to focus on manufacturing small modular reactors (SMRs) to play a leading role in the commercialisation of nuclear energy in India. 'Nuclear by nature is long gestation. The global trend is now to move from these large reactors to small reactors. That technology is now available, but we'll have to have the right tie-ups,' said Subramanian Sarma, whole-time director and senior executive vice-president, L&T. The company is now actively scouting for global technology partners in the US and Europe, he added.
Arabian Business
31-03-2025
- Business
- Arabian Business
India's L&T wins ‘ultra-mega' contract from QatarEnergy LNG, its largest order till date
India 's engineering and construction major Larsen & Toubro (L&T) announced it has secured an 'ultra-mega' contract from QatarEnergy LNG. The contract is estimated to be valued at about $1.75 billion. QatarEnergy LNG has awarded the offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro Limited (L&T) Hydrocarbon Business, the company said in a media release. It marks the largest single contract ever received by L&T, the company said. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes – each comprising large offshore platforms with compression and power generation facilities. It also includes living quarters, flare platforms, interconnected bridges, and other associated structures to be located at approximately 80 kms off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director, L&T, said securing QatarEnergy LNG's ultra-mega offshore contract is a landmark achievement. 'This prestigious project strengthens our global energy portfolio, while supporting Qatar's energy security objectives,' he said. Subramanian Sarma, Deputy Managing Director & President-L&T, said the collaboration not only strengthens the company's partnership but also reaffirms its commitment to supporting Qatar's strategic energy objectives through innovative and reliable solutions.
Zawya
27-03-2025
- Business
- Zawya
L&T snaps up mega $1.7bln QatarEnergy LNG contract
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its key unit - L&T Energy Hydrocarbon (LTEH) - has secured a ultra mega contract from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). Confirming the mega win, L&T said the contract, which is worth more than Rs150 billion ($1.7 billion), is the largest single order ever received by the company. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each comprising large offshore platforms with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures to be located 80 km off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director - L&T, said: "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." "I thank QatarEnergy LNG for placing their trust in L&T to deliver this complex and strategically important project. We look forward to setting new benchmarks in project execution that will reinforce Qatar's position as a global LNG leader," he stated. Subramanian Sarma, Deputy Managing Director & President - L&T, said: "The award of a project of such nature is a reflection of the confidence and trust placed by QatarEnergy LNG in L&T's expertise and its ability to deliver such large-scale projects for which L&T is very thankful." "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," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
26-03-2025
- Business
- Trade Arabia
L&T snaps up mega $1.7bn QatarEnergy LNG contract
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its key unit - L&T Energy Hydrocarbon (LTEH) - has secured a ultra mega contract from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). Confirming the mega win, L&T said the contract, which is worth more than Rs150 billion ($1.7 billion), is the largest single order ever received by the company. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each comprising large offshore platforms with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures to be located 80 km off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director - L&T, said: "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." "I thank QatarEnergy LNG for placing their trust in L&T to deliver this complex and strategically important project. We look forward to setting new benchmarks in project execution that will reinforce Qatar's position as a global LNG leader," he stated. Subramanian Sarma, Deputy Managing Director & President - L&T, said: "The award of a project of such nature is a reflection of the confidence and trust placed by QatarEnergy LNG in L&T's expertise and its ability to deliver such large-scale projects for which L&T is very thankful."
