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Larsen & Toubro (L&T) bagged its biggest offshore hydrocarbon deal ever, a ₹15,000+ crore order from QatarEnergy LNG.
The deets: L&T is one of India’s top engineering and construction giants. It builds everything from metros and airports to power plants and oil rigs.
The company will build offshore platforms for extracting natural gas from the sea. It will also set up supporting infrastructure to aid QatarEnergy’s LNG operations.
Why it matters: this deal is a major vote of confidence to India’s engineering services prowess, which is critical as we seek to expand influence in the region to counter similar ambitions displayed by Chinese giants.
