L&T Wins Large Offshore Order from ONGC Worth Up to Rs 5,000 Cr

Government or defence orderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹3946.10

prior close

₹3998.10

announcement price

In-mkt

timing

Nifty 100market-0.7%+0.1% vs market

Civil Construction peers, median of 99sector-0.7%+0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty 100 and 0.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.7+0.1-0.7+0.1

Next day

+0.2-0.6+0.9-1.1+1.3

-0.4-1.0+0.6-1.5+1.1

-2.4-2.5+0.0-3.9+1.4

-3.5-2.1-1.4-4.2+0.7

-2.3-1.7-0.6-3.8+1.5

-1.3-1.0-0.3-3.3+2.1

15d

-6.4-5.2-1.2-5.7-0.7

-6.2-5.1-1.1-7.2+1.1

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UpDownMarket · Nifty 100Sector · Civil Construction peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

L&T Energy Hydrocarbon Offshore has secured a large order from ONGC valued between Rs 2,500 crore and Rs 5,000 crore. The scope covers engineering, procurement, construction, installation and commissioning (EPCIC) of three new well-head platforms, one riser platform, subsea pipelines, cables, and brownfield modifications for ONGC's Ratna-I and NLM-14 fields off India's west coast. The project aims to enhance production from established offshore assets.

Likely market impact

Positive for L&T's order book; strengthens the offshore hydrocarbon segment and reinforces ties with government PSU ONGC.