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[BUSINESS] · India · 2 sources

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L&T Energy wins large ONGC offshore order for India projects

L&T Energy Hydrocarbon Offshore has secured a large-scale offshore order from the state-run Oil & Natural Gas Corporation (ONGC) for the Ratna-I ADR-I and NLM-14 projects located off India's west coast.

The contract, valued between Rs 2,500 crore and Rs 5,000 crore, involves engineering, procurement, construction, installation, and commissioning (EPCIC) services. The scope of work includes the construction of three new well-head platforms, one riser platform, and multiple segments of subsea pipelines and cables. Additionally, the project will involve brownfield modifications to existing offshore installations.

This development is intended to enhance production and support the continued growth of ONGC's offshore assets in the region. Parthasarathi Chatterjee, Senior Vice President and Head of L&T Energy Hydrocarbon Offshore, noted that the projects represent significant additions to India's offshore energy infrastructure, requiring precise engineering integration to combine new facilities with existing operating fields.

Entities

Larsen & Toubro · NLM-14 · Oil & Natural Gas Corporation · Parthasarathi Chatterjee · Ratna-I