L&T secures ultra-mega contract worth over ₹150 billion
L&T's offshore hydrocarbon division secured an ultra-mega contract from ADNOC Offshore worth over ₹15,000 crore, enhancing its order book and providing long-term revenue visibility. This follows a 14% YoY net profit growth to ₹4,123 crore in Q1 FY27.
after close1 source ↓written by the desknot a recommendation
- from ADNOC Offshore
- ₹15,000 crore
- net profit grew
- 14% YoY
- ₹4,123 crore
L&T's offshore hydrocarbon business has won an ultra-mega contract valued at over ₹15,000 crore from ADNOC Offshore for developments in the Middle East. This significant order enhances L&T's hydrocarbon order book and provides long-term revenue visibility.
The contract underscores L&T's strong engineering and EPCIC capabilities, following a solid Q1 FY27 where net profit grew 14% YoY to ₹4,123 crore.
Not investment advice. For informational purposes only.