Larsen & Toubro Wins $1.57 Billion ADNOC Offshore Contract

Larsen & Toubro secured an ultra-mega contract valued at over Rs 15,000 crore ($1.57 billion) from ADNOC Offshore. The project tasks the company's subsidiary, L&T Energy Hydrocarbon Offshore, with the engineering, procurement, construction, installation, and commissioning of multiple offshore facilities and infrastructure upgrades in the Middle East.

L&T Energy Hydrocarbon Offshore will serve as the lead partner in a consortium, managing the majority of the project scope. A significant portion of the fabrication work is scheduled to take place at L&T fabrication yards.

Chairman and Managing Director S N Subrahmanyan stated that the award reflects the trust clients place in the company's engineering and execution capabilities. He further reaffirmed the organization's commitment to supporting the energy ambitions of the United Arab Emirates through sustainable offshore solutions.