L&T bags major order worth up to ₹10,000 crore from ONGC; shares down 2% so far in 2026

The order falls under the major category of L&T, with an estimated value ranging between ₹5,000 crore and ₹10,000 crore.

The infrastructure major in a regulatory filing said that the PRP-X involves engineering, procurement, construction, installation and commissioning (EPCIC) of multiple subsea pipeline segments, along with associated modification works across ONGC’s offshore fields. The Well Head Platforms Project involves EPCIC of four wellhead platforms.

“These orders reaffirm LTEH Offshore’s position as a trusted partner in the development of India’s offshore energy infrastructure. We look forward to delivering these projects to ONGC and contributing to the nation’s energy aspirations,” said Parthasarathi Chatterjee, Senior Vice President & Head—L&T Energy Hydrocarbon Offshore.

L&T Energy Hydrocarbon Offshore (LTEH Offshore) is a provider of integrated EPCIC solutions for the offshore oil and gas industry. Supported by robust in-house engineering capabilities, fabrication facilities and a dedicated fleet of marine vessels, it has successfully delivered complex shallow-water and deep-water developments across global markets.

Over the past four decades, the business has executed a wide range of offshore projects, including fixed platforms, subsea pipelines and structures and brownfield upgrades, as well as decommissioning assignments.

L&T order book details

L&T secured orders worth ₹1.08 lakh crore in Q1 FY27, registering a YoY growth of 14%, with significant order wins being achieved across multiple businesses such as Residential & Commercial buildings, Transportation Infrastructure, Ferrous Metals, Offshore Wind and the Heavy Engineering businesses.

Its international orders stood at ₹60,702 crore, contributing 56% to the total order inflow.

The group's consolidated order book as of June 30, 2026, was at ₹7.79 lakh crore, reflecting a 5% growth over the order book as of March 31, 2026. The international orders constituted 52% of the overall order book.

L&T Q1 FY27 earnings

The EPC major had posted a 13.98% year-on-year (YoY) increase in its consolidated net profit (attributable to the owners of the company) to ₹4,122.85 crore for the April-June quarter of the 2026-27 financial year (Q1 FY27).

In the corresponding period of the previous fiscal year, it had logged a profit of ₹3,617.19 crore.

The company recorded a consolidated revenue from operations of ₹67,942 crore during the quarter under review, marking a 6.69% YoY jump from ₹63,679 crore in the first quarter of FY26 (Q1 FY26).

L&T share price trends

At 1:30 PM, L&T shares were trading at ₹4,049.6 apiece on the National Stock Exchange, falling 0.3%. After opening at ₹4,061.80 apiece, the stock had hit an intraday low of ₹4,036.50 per share on Friday.

From the beginning of the year, L&T shares have declined 2%. Over a month’s time, the stock has climbed 1.4%.

Shares of the firm had hit a 52-week high of ₹4,440 on February 24, 2026, and a 52-week low of ₹3,288.10 on March 23, 2026.

According to NSE data, as of August 7, 2026, L&T has a total market capitalisation of ₹5.57 lakh crore.