Indian stock news
On July 16, 2026, Larsen & Toubro (L&T) announced that its Hydrocarbon business has secured a "Mega" contract from a leading global energy major for an offshore project in the Middle East. The project involves the Engineering, Procurement, Construction, and Installation (EPCI) of multiple offshore platforms and subsea pipelines. Valued between ₹10,000 crore and ₹15,000 crore, this contract enhances L&T's international order visibility and demonstrates its competitive edge in high--complexity energy infrastructure. The project is expected to be executed over the next 36 months.