As per news reports, Saudi Aramco has awarded L&T a $1.5 billion EPC contract for its Carbon Capture & Storage (CCS) hub under Aramco’s Accelerated Carbon Capture & Sequestration (ACCS) initiative, advancing carbon reduction.
As per a recent news report, Saudi Aramco has granted Larsen & Toubro’s Energy Hydrocarbon (LTEH) division the primary EPC (engineering, procurement, and construction) contract for the initial phase of its ambitious Carbon Capture and Storage (CCS) hub.
The contract, worth around $1.5 billion, is a crucial component of Aramco’s Accelerated Carbon Capture & Sequestration (ACCS) initiative, designed to curb carbon emissions and expand its CCS capabilities.
Phase 1 plays a key role in advancing Aramco’s environmental agenda as the company works toward lowering its carbon footprint and reinforcing its leadership in the global energy transition.
L&T’s financial performance has been strong, with an order book reaching ₹5.46 lakh crore as of Q3 FY25, reflecting a 20% year-on-year (YoY) growth. However, the company has observed a slight reduction in projected order prospects for Q4 FY25.
Expected orders for the quarter stood at ₹5.51 lakh crore, down from ₹6.72 lakh crore in Q4 FY24, marking a 12% YoY decline. This downturn is mainly due to fewer opportunities in hydro and carbon-lite projects.
Despite this decline in order expectations, L&T remains optimistic and has upheld its growth projections across all key areas. The company anticipates a 10% increase in order inflows and is confident in surpassing this target, highlighting its solid market standing and diverse project portfolio.
Larsen & Toubro Limited (L&T) share price traded at ₹3,306.55, reflecting a decline of ₹8.55 (-0.26%) at 9:30 AM on the NSE from its previous close of ₹3,315.10. The stock opened at ₹3,289.70 and reached a high of ₹3,310.20 while touching a low of ₹3,282.05 during early trading.
While the company has experienced a decline in Q4 FY25 order prospects due to reduced opportunities in hydro and carbon-lite projects, its strong order book and optimistic growth outlook highlight its resilience in a dynamic market.
Investors will closely monitor L&T’s performance and strategic moves as it continues to expand its presence in key infrastructure and energy sectors.
Download the Angel One online trading app and access a seamless trading platform right from your phone. Install today to experience effortless trading!
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 24, 2025, 9:36 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
