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Larsen & Toubro Wins Large ONGC Offshore Order

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Larsen & Toubro (NSE:LT, BOM:500510) said L&T Energy Hydrocarbon Offshore has secured a "large" order from Oil & Natural Gas Corp. (ONGC) for the Additional Development of Ratna-I and NLM-14 project off the west coast of India.

The project covers engineering, procurement, construction, installation and commissioning of three well-head platforms, one riser platform, subsea pipelines and cables, and modifications to existing offshore installations, according to an Indian bourse filing on Wednesday.

The company classifies orders worth 25 billion rupees to 50 billion rupees as large.

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