{"id":238636,"date":"2026-09-09T15:48:43","date_gmt":"2026-09-09T10:18:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=238636"},"modified":"2026-09-09T15:48:44","modified_gmt":"2026-09-09T10:18:44","slug":"lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/","title":{"rendered":"L&#038;T Share Price in Focus on 9 September 2026 as LTEH Offshore Wins Rs 2,500 Crore to Rs 5,000 Crore ONGC Order for Ratna-I and NLM-14"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>L&amp;T share price Rs 3,941.10 on NSE at 2:57 PM, 9 September 2026, down 0.13%. Day high Rs 4,020.20. ONGC offshore order valued Rs 2,500 crore to Rs 5,000 crore. 52-week high Rs 4,440.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Larsen and Toubro&#8217;s offshore energy arm, L&amp;T Energy Hydrocarbon Offshore, has won a large order from ONGC for the Additional Development of Ratna-I (ADR-I) and the NLM-14 project off India&#8217;s west coast. L&amp;T did not disclose the exact value, but classifies a large order as one worth Rs 2,500 crore to Rs 5,000 crore. The scope covers engineering, procurement, construction, installation and commissioning of three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing installations. The stock traded at Rs 3,941.10 on the NSE at 2:57 PM on 9 September 2026, down 0.13 per cent, after touching an intraday high of Rs 4,020.20.<\/p>\n<\/div>\n<p>The L&amp;T share price was in focus on 9 September 2026 after the company told the exchanges that its offshore hydrocarbon business had secured a large order from Oil and Natural Gas Corporation. The stock had risen close to 1 per cent in early trade before giving up the gain, and was quoted at Rs 3,941.10 on the NSE in the afternoon session.<\/p>\n<p>The award went to L&amp;T Energy Hydrocarbon Offshore, known as LTEH Offshore, for the Additional Development of Ratna-I and the NLM-14 project in the western offshore basin. Under L&amp;T&#8217;s own classification bands, a large order sits between Rs 2,500 crore and Rs 5,000 crore, which is the only value guidance the company gave.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=lt_ongc_order\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_Did_L_T_Win_From_ONGC\" title=\"What Did L&amp;T Win From ONGC?\">What Did L&amp;T Win From ONGC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Why_the_Order_Matters_for_the_L_T_Order_Book\" title=\"Why the Order Matters for the L&amp;T Order Book\">Why the Order Matters for the L&amp;T Order Book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#L_T_Share_Price_Today_Live_Data_and_Key_Levels\" title=\"L&amp;T Share Price Today: Live Data and Key Levels\">L&amp;T Share Price Today: Live Data and Key Levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_the_Order_Means_for_ONGC\" title=\"What the Order Means for ONGC\">What the Order Means for ONGC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Key_Risks_to_Watch\" title=\"Key Risks to Watch\">Key Risks to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Frequently_Asked_Questions_on_the_L_T_ONGC_Order\" title=\"Frequently Asked Questions on the L&amp;T ONGC Order\">Frequently Asked Questions on the L&amp;T ONGC Order<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_order_has_L_T_won_from_ONGC_in_September_2026\" title=\"What order has L&amp;T won from ONGC in September 2026?\">What order has L&amp;T won from ONGC in September 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_is_the_value_of_the_L_T_ONGC_offshore_order\" title=\"What is the value of the L&amp;T ONGC offshore order?\">What is the value of the L&amp;T ONGC offshore order?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_is_the_L_T_share_price_today\" title=\"What is the L&amp;T share price today?\">What is the L&amp;T share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_are_the_52-week_high_and_low_for_Larsen_and_Toubro\" title=\"What are the 52-week high and low for Larsen and Toubro?\">What are the 52-week high and low for Larsen and Toubro?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Where_are_the_Ratna-I_and_NLM-14_projects_located\" title=\"Where are the Ratna-I and NLM-14 projects located?\">Where are the Ratna-I and NLM-14 projects located?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Why_did_the_L_T_share_price_not_rise_sharply_on_the_order_news\" title=\"Why did the L&amp;T share price not rise sharply on the order news?\">Why did the L&amp;T share price not rise sharply on the order news?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#What_is_the_market_capitalisation_and_PE_ratio_of_Larsen_and_Toubro\" title=\"What is the market capitalisation and PE ratio of Larsen and Toubro?\">What is the market capitalisation and PE ratio of Larsen and Toubro?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-ongc-ratna-i-nlm-14-offshore-order-september-2026\/#Is_this_L_Ts_first_offshore_order_from_ONGC_this_year\" title=\"Is this L&amp;T&#8217;s first offshore order from ONGC this year?\">Is this L&amp;T&#8217;s first offshore order from ONGC this year?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Did_L_T_Win_From_ONGC\"><\/span><strong>What Did L&amp;T Win From ONGC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L&amp;T won an EPCIC contract from ONGC covering three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to installations that are already producing. EPCIC stands for engineering, procurement, construction, installation and commissioning, meaning L&amp;T carries the project from design through to handover.<\/p>\n<table>\n<thead>\n<tr>\n<th><strong>Parameter<\/strong><\/th>\n<th><strong>Detail<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Client<\/td>\n<td>Oil and Natural Gas Corporation (ONGC)<\/td>\n<\/tr>\n<tr>\n<td>Executing entity<\/td>\n<td>L&amp;T Energy Hydrocarbon Offshore (LTEH Offshore)<\/td>\n<\/tr>\n<tr>\n<td>Projects<\/td>\n<td>Additional Development of Ratna-I (ADR-I) and NLM-14<\/td>\n<\/tr>\n<tr>\n<td>Location<\/td>\n<td>Western offshore basin, off India&#8217;s west coast<\/td>\n<\/tr>\n<tr>\n<td>Order value band<\/td>\n<td>Rs 2,500 crore to Rs 5,000 crore (company classification)<\/td>\n<\/tr>\n<tr>\n<td>New facilities<\/td>\n<td>Three well-head platforms and one riser platform<\/td>\n<\/tr>\n<tr>\n<td>Additional scope<\/td>\n<td>Subsea pipelines and cables, brownfield modifications<\/td>\n<\/tr>\n<tr>\n<td>Announcement date<\/td>\n<td>9 September 2026 (exchange filing)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Parthasarathi Chatterjee, Senior Vice President and Head of L&amp;T Energy Hydrocarbon Offshore, said the ADR-I and NLM-14 developments are significant additions to India&#8217;s offshore energy infrastructure and that combining new facilities with brownfield work in producing fields calls for careful planning and engineering integration.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_Order_Matters_for_the_L_T_Order_Book\"><\/span><strong>Why the Order Matters for the L&amp;T Order Book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The win extends a run of offshore awards for the hydrocarbon business rather than starting a new one. L&amp;T has already picked up an ONGC pipeline replacement and well-head platform package in the preceding month, and separately reported offshore and battery storage awards in West Asia in August 2026.<\/p>\n<p>What makes this order different from a pure greenfield build is the brownfield component. Modifying live offshore installations while new platforms are being installed requires shutdown planning around producing wells, which typically carries tighter execution risk but also fewer competitors capable of bidding.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"L_T_Share_Price_Today_Live_Data_and_Key_Levels\"><\/span><strong>L&amp;T Share Price Today: Live Data and Key Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Larsen and Toubro stock is trading below both its 50-day and 200-day moving averages, which sit close together near Rs 3,970 and Rs 3,982, so the order news has not yet produced a decisive breakout.<\/p>\n<table>\n<thead>\n<tr>\n<th><strong>Metric<\/strong><\/th>\n<th><strong>Value (9 September 2026)<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/lt\/larsen-and-toubro-ltd-share-price-today\">Larsen and Toubro Ltd.<\/a> (NSE: LT)<\/td>\n<\/tr>\n<tr>\n<td>Current market price<\/td>\n<td>Rs 3,941.10<\/td>\n<\/tr>\n<tr>\n<td>Day change<\/td>\n<td>Down Rs 5.00 or 0.13%<\/td>\n<\/tr>\n<tr>\n<td>Day high and low<\/td>\n<td>Rs 4,020.20 and Rs 3,935.30<\/td>\n<\/tr>\n<tr>\n<td>52-week high<\/td>\n<td>Rs 4,440.00<\/td>\n<\/tr>\n<tr>\n<td>52-week low<\/td>\n<td>Rs 3,288.10<\/td>\n<\/tr>\n<tr>\n<td>Market capitalisation<\/td>\n<td>Rs 5,44,843 crore<\/td>\n<\/tr>\n<tr>\n<td>PE ratio<\/td>\n<td>32.84 (sector PE 57.76)<\/td>\n<\/tr>\n<tr>\n<td>PB ratio<\/td>\n<td>4.78<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 120.58<\/td>\n<\/tr>\n<tr>\n<td>14-day RSI<\/td>\n<td>60.34<\/td>\n<\/tr>\n<tr>\n<td>50 DMA and 200 DMA<\/td>\n<td>Rs 3,970.45 and Rs 3,982.27<\/td>\n<\/tr>\n<tr>\n<td>Volume<\/td>\n<td>25.73 lakh shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The stock is about 11.2 per cent below its 52-week high of Rs 4,440 and roughly 19.9 per cent above its 52-week low of Rs 3,288.10. A 14-day RSI of 60.34 places momentum in neutral to mildly positive territory rather than overbought.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen Larsen and Toubro fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_the_Order_Means_for_ONGC\"><\/span><strong>What the Order Means for ONGC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For ONGC, the award is part of a continuing spend to hold up production from established western offshore fields. The state-run explorer was quoted at Rs 235.92 on the NSE on 9 September 2026, down 0.03 per cent, with a market capitalisation of about Rs 2,97,146 crore and a price to earnings ratio near 6.63 against an industry multiple of 7.63.<\/p>\n<p>Ratna-I has a long history in India&#8217;s offshore story, and the additional development phase adds infrastructure around a known asset rather than opening new acreage. Combined with NLM-14, the package is designed to lift output from the region rather than to prove new reserves.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Watch\"><\/span><strong>Key Risks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Undisclosed value:<\/strong> the company gave only a Rs 2,500 crore to Rs 5,000 crore band, so the earnings contribution cannot be modelled precisely yet.<\/li>\n<li><strong>No execution timeline:<\/strong> L&amp;T did not disclose a completion schedule, which makes revenue phasing across FY27 and FY28 uncertain.<\/li>\n<li><strong>Brownfield complexity:<\/strong> working alongside producing installations raises the risk of shutdown-related delays.<\/li>\n<li><strong>Margin pressure in EPC:<\/strong> competitive offshore bidding has historically compressed margins in the hydrocarbon segment.<\/li>\n<li><strong>Client concentration:<\/strong> a rising share of offshore inflows from a single state-owned client links the order pipeline to ONGC&#8217;s capital expenditure cycle.<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Larsen and Toubro share price live and get daily research updates.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ONGC order adds visible work to L&amp;T&#8217;s offshore hydrocarbon pipeline, but with the value disclosed only as a Rs 2,500 crore to Rs 5,000 crore band and no execution timeline, the market response on 9 September was muted rather than enthusiastic. The Larsen and Toubro stock gave up an early gain to trade at Rs 3,941.10, with the 50-day average near Rs 3,970 acting as the first level to reclaim. Investors tracking the order book should watch the Q2 FY27 order inflow disclosure for the value that eventually gets booked. Consult a SEBI-registered advisor before acting on any of this.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_L_T_ONGC_Order\"><\/span><strong>Frequently Asked Questions on the L&amp;T ONGC Order<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_order_has_L_T_won_from_ONGC_in_September_2026\"><\/span><strong>What order has L&amp;T won from ONGC in September 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&amp;T Energy Hydrocarbon Offshore has won an EPCIC order from ONGC for the Additional Development of Ratna-I (ADR-I) and the NLM-14 project off India&#8217;s west coast. The scope covers three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_value_of_the_L_T_ONGC_offshore_order\"><\/span><strong>What is the value of the L&amp;T ONGC offshore order?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&amp;T did not disclose the exact value and described it as a large order. Under the company&#8217;s own classification, a large order is valued between Rs 2,500 crore and Rs 5,000 crore, which works out to roughly 263 million to 527 million dollars.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_L_T_share_price_today\"><\/span><strong>What is the L&amp;T share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Larsen and Toubro was trading at Rs 3,941.10 on the NSE at 2:57 PM on 9 September 2026, down Rs 5.00 or 0.13 per cent from the previous close of Rs 3,946.10. The stock touched an intraday high of Rs 4,020.20 and a low of Rs 3,935.30.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_52-week_high_and_low_for_Larsen_and_Toubro\"><\/span><strong>What are the 52-week high and low for Larsen and Toubro?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week high is Rs 4,440.00 and the 52-week low is Rs 3,288.10 on the NSE. At Rs 3,941.10, the stock is about 11.2 per cent below its 52-week high and around 19.9 per cent above its 52-week low.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_are_the_Ratna-I_and_NLM-14_projects_located\"><\/span><strong>Where are the Ratna-I and NLM-14 projects located?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Both are in India&#8217;s western offshore basin, off the west coast, and form part of ONGC&#8217;s producing offshore asset base. The additional development phase is intended to enhance production from established fields rather than to explore new acreage.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_L_T_share_price_not_rise_sharply_on_the_order_news\"><\/span><strong>Why did the L&amp;T share price not rise sharply on the order news?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The exact contract value was not disclosed and no execution timeline was given, so the earnings impact cannot be quantified yet. The stock rose close to 1 per cent in early trade before easing back, and it remains below its 50-day moving average of Rs 3,970.45.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_capitalisation_and_PE_ratio_of_Larsen_and_Toubro\"><\/span><strong>What is the market capitalisation and PE ratio of Larsen and Toubro?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Larsen and Toubro&#8217;s market capitalisation is about Rs 5,44,843 crore, with a PE ratio of 32.84 against a sector PE of 57.76 and a PB ratio of 4.78. Earnings per share on a trailing twelve-month basis stand at Rs 120.58.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_L_Ts_first_offshore_order_from_ONGC_this_year\"><\/span><strong>Is this L&amp;T&#8217;s first offshore order from ONGC this year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The award follows an earlier ONGC package for pipeline replacement and well-head platforms secured in the preceding month, and comes alongside offshore and battery energy storage orders reported in West Asia in August 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L&#038;T Energy Hydrocarbon Offshore has won an ONGC EPCIC order for the Ratna-I and NLM-14 projects valued at Rs 2,500 crore to Rs 5,000 crore. 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