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L&T secures USD 4 billion order from QatarEnergy for offshore gas project

#International News#Qatar
Last Updated : 2nd Apr, 2025
Synopsis

Larsen & Toubro (L&T) has secured its largest-ever offshore contract worth USD 4 billion from QatarEnergy LNG. The project, part of the North Field Production Sustainability Offshore Compression initiative, involves installing gas compression systems on platforms and associated facilities. This deal surpasses the INR 25,000 crore railway electrification contract L&T won last year. The contract strengthens L&T's presence in the oil and gas sector and aligns with Qatar's strategy of boosting gas production. It also highlights the growing role of Indian infrastructure companies in international energy projects. L&T has been witnessing strong order inflows, with an order book exceeding INR 5.65 trillion as of December 2024.

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