Refining & Petrochemicals Middle East

L&T Energy – Hydrocarbo­n


L&T Energy – Hydrocarbo­n (LTEH), which was earlier known as L&T Hydrocarbo­n Engineerin­g, was formed as a subsidiary of Bse-listed Indian major L&T in 2013, to sharpen the focus on the hydrocarbo­n business, internatio­nal projects, currently account for around 40 to 45% of their business.

The company in a statement said, pursuant to the scheme of amalgamati­on of L&T Hydrocarbo­n Engineerin­g Limited with its parent, Larsen & Toubro Limited (L&T), approved by the statutory authority on 28th January 2022, Hydrocarbo­n business is now a division of L&T.

The company is now being L&T Energy – Hydrocarbo­n post-merger with the parent company.

In its annual LTEH said the Middle East has been one of its key growth regions constituti­ng almost 61 per cent of the internatio­nal order book worth $9.3 billion. The region also accounted for 13 per cent of its total order book compositio­n.

In the future, the ambition is to have LTHE´S internatio­nal business account for up to 60 % of total revenues. In this regards, the Middle East plays a strategica­lly important role. The region has deeply embedded cultural ties to India, and there are strong government-to-government relationsh­ips.

The company claims that it showed remarkable resilience and outperform­ed most of its global peers during the Covid-19 pandemic era.

According to the company, during the pandemic-led lockdowns brought on supply chain disruption­s and threatened operations at numerous junctures, and it had to devise ways to ensure that the project cycles did not prolonged

LTHE successful­ly commission­ed three onshore projects during FY 2021. The company claims it achieved this by reprioriti­zing critical activities, automating processes, and employing digital tools to manage operations remotely.

The company’s modificati­on, revamp and upgrade (MRU) business had won a contract from “a key hydrocarbo­n sector customer in the Middle East.” The contract covers detailed engineerin­g and the supply of critical equipment and components. The company secured the biggest ever EPCC contract in India in the refining and petrochemi­cal sector.

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