Larsen and Toubro has said hydrocarbon business (LTEH) protected various offshore packages from an overseas client. According to an announcement from the business, the scope of work includes design, procurement, construction, and installation of offshore structures as well as the updating of current facilities.
A "major project" is defined in the announcement as an order valued between Rs 5,000 crore and Rs 7,000 crore.LTEH is executing several domestic and international offshore projects and is committed to building its regional presence in the geographies that it operates in, by nurturing local skills and
talent, improving procurement from local vendors, and engaging commercially with local contractors on the foundation of a sustainable workload, Larsen and Toubro said. Larsen and Toubro said LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. It also said with over three decades of rich experience, the Business has been setting global benchmarks in all facets of project management, governance, quality, health safety environment (HSE), and operational excellence.
Larsen and Toubro is an Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L and T to attain and sustain leadership in its major lines of business for eight decades.
According to the statement, a mega project means an order worth more than Rs 7,000 crore, a major project means order worth between Rs 5,000 crore and 7,000 crores, a large project means order worth between Rs 2,500 and Rs 5,000 crore while a significant project means order worth between Rs 1,000 crore and Rs 2,500 crore. The shares of L and T went up 1.67 percent to Rs 2,214. In a span of five days, the shares went up 1.43 percent.