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L&T Likely to Wins $4.5 Billion from Qatar Energy Project

Written by: Team Angel OneUpdated on: Mar 24, 2025, 3:11 PM IST
L&T may win Qatar Energy’s $4.5 bn project tied to LNG expansion from 77 to 126 mtpa, boosting its hydrocarbon order book and global EPC credentials.
L&T Likely to Wins $4.5 Billion from Qatar Energy Project
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Engineering powerhouse Larsen & Toubro (L&T) has reportedly emerged as the lowest bidder for a $4.5 billion offshore project floated by Qatar Energy. While final confirmation is awaited, reports suggest L&T is leading the race for one of the largest global EPC contracts in recent months.

Linked to Qatar’s massive LNG expansion

This project is a crucial part of Qatar’s ambitious LNG capacity expansion, which aims to increase output from 77 million tonnes per annum (mtpa) to 126 mtpa. This particular bid is for a project for the expansion of North Field as well as the South Expansion. 

The scale and urgency of the expansion have created opportunities for EPC giants, and L&T appears to be well positioned to capitalise.

Boost for L&T’s hydrocarbons business

Should the contract be awarded, it will significantly bolster L&T’s hydrocarbon segment, reinforcing its status as a global EPC leader. The segment has already seen momentum through both domestic and international wins, and this Qatar deal would be among its most valuable.

Reinforces L&T’s global footprint

A win of this magnitude would add considerably to L&T’s international order book, which the company has been actively trying to expand. It aligns with its strategic focus on scaling operations in the Middle East and diversifying its revenue mix beyond India.

Conslusion 

Although the deal is yet to be officially announced, market participants have responded positively. The share price of L&T shares is trading higher by 1.83% as of 1:47 PM on March 25, 2025. 

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: Mar 24, 2025, 3:11 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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