Larsen & Toubro (L&T), a leading company in engineering and construction, has achieved a huge milestone by securing its largest contract so far. Although the company has not disclosed the exact deal value, experts believe it could exceed $4 billion (around ₹33,000 crores).
The scope of work includes the engineering, manage operations.
Qatar Energy LNG’s Mega Contract
L&T announced that Qatar Energy LNG awarded it the prestigious North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). This deal, one of the largest in L&T’s history, covers engineering, procurement, construction, installation, and operation of two offshore compression complexes.
The company categorizes “Ultra Mega Contracts” as those valued at ₹15,000 crores or more, indicating the scale of this achievement.
QatarEnergy LNG, the world’s premier LNG company, has awarded an Ultra Mega Offshore Contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to L&T Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) marking the largest single contract… pic.twitter.com/YK0dAnclXY
— Larsen & Toubro (@larsentoubro) March 26, 2025
L&T Chairman’s Statement
L&T Chairman and Managing Director S.N. Subrahmanyan expressed joy over this achievement and said:
“Securing QatarEnergy LNG’s ultra-mega offshore contract, the largest single order in our history, is a landmark achievement. This prestigious project strengthens our global energy portfolio while supporting Qatar’s energy security objectives.”
L&T’s Boost Growth and International Projects
As of December 2024, L&T’s order book stood at ₹5.64 lakh crores, the highest in its history. In just one quarter, the company secured ₹1.16 lakh crores in new orders, marking its best performance yet.
Remarkably, 60% of the company’s new orders this financial year came from international markets, especially the Middle East. The latest deal with Qatar Energy further reinforces L&T’s presence in the global energy infrastructure sector.
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L&T’s Previous Mega Deals
In September 2023, L&T won two packages related to Saudi Aramco’s Jafurah unconventional gas production project in Saudi Arabia, with a combined value of $3.9 billion — its largest at the time.
- Oct 2020: Got the order to construct 237.1 km stretch MAHSR; package estimated upwards of ₹20,000 Crore
- Sep 2023: Bagged two packages related to Saudi Aramco’s Jafurah unconventional gas production project valued at ₹33,300 Crore
- Nov 2024: Got thermal power plant order from NTPC estimated at ₹22,000 Crore
Source: Company announcements, Industry estimates, News reports
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