L&T Share Price in Focus; Wins Large Offshore Order from ONGC

Larsen & Toubro has received a large order from Oil and Natural Gas Corporation (ONGC) for work on two offshore projects, as per the exchange filing. The order has been won by L&T Energy Hydrocarbon Offshore, the company's offshore oil and gas business.  

The work is part of the Additional Development of Ratna-I (ADR-I) and NLM-14 projects, which are located off India's west coast. The project includes building new offshore facilities as well as making changes to some existing installations.  

Work on New Offshore Platforms 

L&T will handle engineering, procurement, construction, installation and commissioning work for three new well-head platforms and one riser platform. 

The order also covers several sections of subsea pipelines and cables. L&T will make modifications to existing offshore facilities as part of the project.  

The work is aimed at helping ONGC increase production from its offshore assets and continue developing the fields in the region.  

Order Falls Under L&T's Offshore Business 

L&T Energy Hydrocarbon Offshore has worked on offshore oil and gas projects for more than four decades. Its past work includes fixed platforms, subsea pipelines, offshore structures, upgrades to existing facilities, and decommissioning projects.  

For the ADR-I and NLM-14 projects, L&T will have to work on both new facilities and existing operating installations. The company said this will involve engineering and coordination across different parts of the project.  

L&T Order Classification 

L&T has classified the contract as a Large order. As per the company's order classification, a Large order is valued between ₹2,500 crore and ₹5,000 crore.  

The order was announced by L&T on September 9, 2026. The company said the project will support the continued development of ONGC's offshore assets and its production plans.  

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L&T Share Price Performance 

As of September 09, 2026, at 11:15 AM, L&T share price was trading at ₹3,988.00 per share, reflecting a surge of 1.06% from the previous trading session. 

Conclusion 

L&T has secured a large offshore contract from ONGC covering new well-head and riser platforms, subsea pipelines and cables, along with modifications to existing offshore facilities. The project is part of ONGC's ADR-I and NLM-14 developments off India's west coast.  

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