L&T Wins Massive $4 Billion QatarEnergy Contract - Largest Order in Company History

L&T Clinches Landmark $4 Billion Contract with QatarEnergy

Larsen & Toubro (L&T) has achieved a significant milestone by securing its largest-ever contract from QatarEnergy LNG. The ultra-mega offshore contract represents a pivotal moment in the company's global expansion and energy portfolio.

Contract Highlights

The prestigious contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) involves:

• Engineering
• Procurement
• Fabrication
• Installation
• Commissioning of two offshore compression complexes

Leadership Perspective

S N Subrahmanyan, Chairman and Managing Director of L&T, emphasized the strategic importance of the contract, describing it as a landmark achievement that strengthens the company's global energy portfolio while supporting Qatar's energy security objectives.

Financial and Strategic Context

Key financial insights for L&T include:

• Outstanding order book as of December: ₹5.64 trillion (highest ever)
• New orders in Q3 FY25: ₹1.16 trillion (all-time quarterly high)
• International market orders: 60% of total orders
• West Asia dominates international market orders

Historical Context

This contract supersedes L&T's previous largest order from September 2023 - two packages for Saudi Aramco's Jafurah project valued at $3.9 billion.

Market Performance

Following the announcement, L&T's stock performance showed promising signs:

• Current Stock Price: ₹3,497.10
• Daily Change: +₹52.30 (1.52%)
• 52-Week High: ₹3,963.50

Future Outlook

L&T executives maintained their guidance of 10% growth in order inflow for the full year FY25. The QatarEnergy contract significantly bolsters this projection.

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Categories: engineering milestone, L&T offshore contract, QatarEnergy project