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L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega EPCIC order

ICICIdirect Research 05 Aug 2026 DISCLAIMER

News: L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega EPCIC order (worth over ₹15,000 crore) from ADNOC Offshore as the lead consortium partner for the development of multiple offshore facilities in the UAE. The scope includes engineering, procurement, construction, installation and commissioning (EPCIC) of new offshore facilities, along with upgrades to existing assets. A significant portion of the fabrication will be executed at L&T's domestic fabrication yards, further strengthening its Middle East offshore hydrocarbon order book.

View: The order is positive for L&T as it enhances revenue visibility for the Energy Projects business and reinforces its strong execution capabilities in the Middle East offshore oil & gas market. The large order strengthens the company's international hydrocarbon business and supports management's FY27 order inflow growth guidance of 10–12%, with overseas energy markets expected to remain a key growth driver.

Impact: Positive

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