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L&T Energy Hydrocarbon Onshore (LTEH Onshore) has signed an ultra-mega contract

ICICIdirect Research 25 Aug 2026 DISCLAIMER

News: L&T Energy Hydrocarbon Onshore (LTEH Onshore) has signed an ultra-mega contract (>₹15,000 crore) for a gas compression facilities project in the Middle East, against an LoA received in FY26. The EPC scope includes gas inlet facilities, compression systems, condensate and produced-water handling, propane refrigeration and associated utilities for new onshore sour-gas installations. L&T’s Power Transmission & Distribution business will additionally execute two 230kV EHV substations to meet the plants’ power requirements.

View: The ultra-mega order strengthens L&T’s Middle East hydrocarbon EPC pipeline, while the integrated scope across Energy Hydrocarbon and PT&D provides incremental revenue visibility. The win supports L&T’s FY27 order inflow growth guidance of 10–12% and reinforces its strong positioning in the Middle East, where sustained investments in gas infrastructure remain a key growth driver.

Impact: Positive

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