November 10, 2026: Most of India's oil and gas comes from under the sea, and the pipelines carrying it to shore do not last forever. Replacing them is slow, technical work that depends on specialised ships, divers and installation crews. Only a handful of Indian firms can do it, which is why even a single subsea contract tends to get noticed.
L&T's Energy Hydrocarbon Division has issued a Letter of Award to a consortium of SEAMEC Limited and Posh India Offshore Private Limited. The work is subsea installation for ONGC's PRP-X project, the pipeline replacement programme off the west coast.
The company says the scope is subsea installation work linked to the pipeline replacement project, and it is to be completed by May 2027. The contract is domestic and in the normal course of business. SEAMEC says its promoters have no interest in L&T and that this is not a related-party transaction. It will inform the exchanges when the project actually starts.
(Source: Trade Brains)
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