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.