March 26, 2025
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L&T bags ‘largest order for offshore hydrocarbon business
Larsen & Toubro Ltd (L&T) announced on Wednesday that it has secured a landmark ultra-mega offshore contract for the “North Field Production Sustainability Offshore (Hydrocarbon) Compression Project (NFPS COMP 4)” from global LNG leader QatarEnergy. This marks the largest single contract ever awarded to the homegrown conglomerate.
According to a BSE filing, the project scope includes the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes. These will consist of large offshore platforms with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures, located approximately 80 kilometers off the northeast coast of Qatar.
L&T’s Chairman and Managing Director, SN Subrahmanyan, commented, “Securing the QatarEnergy LNG Ultra Mega Offshore Contract—our largest-ever order—is a momentous milestone. This prestigious project not only enhances our global energy portfolio but also supports Qatar’s energy security goals.”
On the stock front, L&T shares were trading 0.28% higher at Rs 3,479.55. Despite the recent uptick, the stock has declined by 5.12% year-to-date (YTD).
The stock is currently trading above its 5-day, 10-day, 20-day, 30-day, and 50-day simple moving averages (SMAs) but below its 100-day, 150-day, and 200-day SMAs. Its 14-day relative strength index (RSI) stands at 67.50, suggesting it is approaching overbought territory (above 70 is considered overbought, while below 30 is oversold).
L&T has a price-to-earnings (P/E) ratio of 47.69 and a price-to-book (P/B) value of 7.26. The company’s earnings per share (EPS) are 73.01, with a return on equity (RoE) of 15.22%. As per Trendlyne, L&T has a one-year beta of 1.4, indicating higher volatility.
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