L&T shares rise 1.5% after winning over Rs 15,000-crore ultra-mega hydrocarbon order in Middle East

Larsen and Toubro wins ultra-mega order worth more than Rs 15,000 crore.

Shares of Larsen & Toubro Ltd rose 1.49 percent to Rs 3,785.40 on Thursday after the company announced that its Hydrocarbon Onshore business had secured an ultra-mega order worth over Rs 15,000 crore for setting up a Natural Gas Liquids (NGL) plant and allied facilities in the Middle East. The order was awarded to L&T Energy Hydrocarbon Onshore in consortium with Greece-based Consolidated Contractors Group S.A.L. (Offshore) (CCC).

Under the consortium arrangement, L&T will act as the lead partner responsible for engineering and procurement, while CCC will handle construction activities. The project involves engineering, procurement, construction, installation, and commissioning of an NGL plant designed to process Rich Associated Gas (RAG) and produce value-added products such as lean sales gas, ethane, propane, butane, and hydrocarbon condensate.

Commenting on the order, S.N. Subrahmanyan, Chairman & Managing Director of L&T, said: “The ultra-mega order reaffirms L&T’s position as a trusted partner in delivering mega energy infrastructure. It underscores our growing global footprint and ability to execute projects of high complexity in partnership with leading players like CCC.”

Subramanian Sarma, Deputy Managing Director and President of L&T, added that the project combines advanced engineering, complex brownfield integration, and long-term reliability measures to strengthen the company’s contribution to global energy security.

L&T Energy Hydrocarbon Onshore (LTEH Onshore) is one of India’s largest EPC businesses, with a strong execution track record across refinery expansions, petrochemical complexes, gas processing plants, fertiliser units, LNG terminals, and cross-country pipelines.

Over the past year, L&T’s stock has gained 8.55 percent, outperforming the Nifty 50 index, which has risen 0.46 percent during the same period. The company's shares currently trade at a price-to-earnings ratio of 32.84 and offers a dividend yield of 0.90 percent.

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