GENERAL9 Sept 2026
L&T secures large order from ONGC
Engineering giant L&T has bagged a large order from state-owned ONGC, valued between ₹2,500 crore and ₹5,000 crore. L&T Energy Hydrocarbon Offshore will develop the Ratna-I and NLM-14 projects off India's west coast. The work includes new platforms, subsea pipelines and cables, plus changes to existing installations. This signals continued spending in India's offshore oil and gas sector.
Key Statutory Highlights
- L&T has secured a large order from ONGC worth between ₹2,500 crore and ₹5,000 crore.
- The project covers additional development of the Ratna-I and NLM-14 offshore projects off India's west coast.
- The scope includes three new wellhead platforms, one riser platform, subsea pipelines and cables, and brownfield modifications to existing offshore installations.
Actionable Advice for Taxpayers / Founders:If your business serves the oil and gas or engineering sector, watch L&T and ONGC announcements for tenders and contract updates before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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