Larsen & Toubro announced on August 4, 2026, that its hydrocarbon onshore business has secured an ultra-mega order from ADNOC Offshore for a major project in the Middle East. The project value exceeds ₹15,000 crore as classified under the company's project classification system, with the order value falling into the 'Ultra-Mega' category. The contract was awarded to L&T Energy Hydrocarbon (LTEH) Offshore and will be executed through a consortium arrangement, with LTEH Offshore serving as the lead partner for the project. This significant award reflects the trust clients place in L&T's engineering excellence and project execution capabilities in the complex energy infrastructure sector.
The latest ADNOC contract represents part of L&T's exceptional order inflow momentum, with the company securing seven orders in the past month - two 'mega', one 'large', two 'major' and two 'ultra-mega' orders. Based on the lower end and upper end of order inflow value classification, L&T is likely to have won orders between ₹62,500 crore to at least ₹85,000 crore from July 20 till date. This performance demonstrates the company's strong position in securing large-scale international projects across various categories and geographies.
As the lead consortium partner, LTEH Offshore will execute the major share of the project scope covering engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities, in addition to upgrading existing facilities. The project involves the development of multiple offshore facilities, with a significant portion of the fabrication work to be undertaken at L&T's state-of-the-art fabrication yards. According to Mint, the project relates to the $6.2 billion Umm Shaif Gas Cap development in Abu Dhabi, which ADNOC announced the final investment decision for last month alongside international partners TotalEnergies, Eni and China National Petroleum Corp. (CNPC). An ADNOC spokesperson told Mint that the partnership reflects the growing partnership between ADNOC and India, with India set to become ADNOC's largest LNG customer by 2029.
Larsen & Toubro shares advanced as much as 0.4% to hit an intraday high of ₹4,042.40 on the National Stock Exchange (NSE) following the ultra-mega contract award announcement. The stock stood at ₹4,037.90 per equity share, marking a 0.32% jump, at around 11:36 AM on Monday. With the stock currently priced at ₹4,070.50 on Wednesday morning, marking a 2.02% gain from its previous close, the stock continues to demonstrate strong market performance. While the stock has risen 5% over the past week, it remains down more than 2% on a year-to-date basis. The positive market response reflects investor confidence in the company's ability to secure large-scale international projects and execute them successfully.
Commenting on the win, S N Subrahmanyan, Chairman & Managing Director of Larsen & Toubro Limited, stated, "This prestigious award from ADNOC reflects the trust our clients place in L&T's engineering excellence, project execution capabilities and unwavering commitment to delivering complex energy infrastructure projects safely and on schedule. As a long-standing partner in the region, we remain committed to supporting the UAE's energy ambitions through innovative, sustainable and world-class offshore solutions." The strategic partnership aligns with India's growing energy ties with the UAE, as the two countries signed an LNG supply agreement valued at up to $3 billion in January. Under this deal, Abu Dhabi National Oil Co. (ADNOC) will supply 0.5 million tonnes of LNG per year to state-owned Hindustan Petroleum Corporation (HPCL) for 10 years starting in 2029. The UAE has the seventh-largest gas reserves in the world, and as global demand for reliable, lower-carbon energy continues to grow, ADNOC is expanding its liquefied natural gas portfolio to meet domestic and international customer needs.
