L&T Shares Jump 1.5% on $15,000-Crore Middle East Hydrocarbon Order

Market Performance:

Shares of Larsen & Toubro Ltd (L&T) climbed 1.49% to ₹3,785.40 on Thursday, reflecting market optimism after the company announced a major order win in the Middle East. The uplift came on the back of L&T securing an ultra-mega contract in its Hydrocarbon Onshore business.

The broader market showed steady activity, with L&T emerging as one of the top performers in the engineering and construction space.

Main News:

L&T Energy Hydrocarbon Onshore (LTEH Onshore) has bagged an order worth over ₹15,000 crore for setting up a Natural Gas Liquids (NGL) plant and associated facilities. The contract was awarded in partnership with Greece-based Consolidated Contractors Group S.A.L. (CCC), with L&T taking the lead role in engineering and procurement, while CCC manages construction operations.

Key highlights of the project include:

• Complete engineering, procurement, construction, installation, and commissioning of a Natural Gas Liquids (NGL) plant.
• Plant designed to process Rich Associated Gas (RAG) and produce lean sales gas, ethane, propane, butane, and hydrocarbon condensate.
• Combination of advanced engineering, complex brownfield integration, and long-term reliability measures.

Company Details:

LTEH Onshore is among India’s largest EPC businesses with expertise across refinery expansions, petrochemical complexes, gas processing plants, fertiliser units, LNG terminals, and cross-country pipelines. The order strengthens L&T’s global presence and highlights its ability to handle complex mega-projects in partnership with international players.

Financial Snapshot:

• L&T shares have risen 8.55% over the past year, outperforming the Nifty 50 index.
• Current price-to-earnings (P/E) ratio: 32.84.
• Dividend yield: 0.90%.

Summary:

This landmark order reinforces L&T’s position as a trusted global player in the energy infrastructure sector. By combining engineering excellence with strategic partnerships, the company continues to expand its footprint while contributing to global energy security.