Larsen & Toubro Share Price in Focus; Wins Major Offshore Orders from ONGC

Larsen & Toubro Ltd. (L&T) has secured a batch of major offshore orders from Oil & Natural Gas Corporation (ONGC) through its hydrocarbon offshore business, L&T Energy Hydrocarbon Offshore (LTEH Offshore), as per the exchange filings.  

The contracts cover the Pipeline Replacement Project (PRP-X) and the Well Head Platforms Project, further strengthening L&T's presence in India's offshore oil and gas infrastructure sector.  

Major Orders Awarded by ONGC 

According to the company, the PRP-X project involves engineering, procurement, construction, installation and commissioning (EPCIC) of multiple subsea pipeline segments, along with associated modification works across ONGC's offshore fields. 

The second contract covers the EPCIC of four Well Head Platforms, which will support ONGC's offshore production infrastructure on India's west coast.  

Strengthens Offshore EPC Portfolio 

L&T said its offshore hydrocarbon business has developed strong capabilities in executing complex offshore projects through in-house engineering expertise, fabrication facilities and a dedicated marine fleet.  

Over the past four decades, the business has delivered fixed platforms, subsea pipelines, offshore structures, brownfield upgrades and decommissioning projects across global markets.  

Order Classified as 'Major' 

L&T classifies Major orders as those valued between ₹5,000 crore and ₹10,000 crore.  

However, the company has not disclosed the exact value of the contracts awarded by ONGC.  

Read More: Britannia Industries Share Price Gains Over 3% After Q1 FY27 Earnings Results: Total Income Up 8.2% YoY! 

L&T Share Price Performance 

As of August 07, 2026, at 1:06 PM, Larsen & Toubro share price was trading at ₹4,047.50 per share, reflecting a decline of 0.35% from the previous closing price. 

Conclusion 

The latest ONGC contracts strengthen L&T's order pipeline in the offshore oil and gas segment and reinforce its leadership in executing complex EPCIC projects. The win also underscores continued investment in India's offshore energy infrastructure and is expected to support the company's long-term infrastructure business growth.  

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