Larsen & Toubro wins ₹5,000 cr Kuwait EPC order

Deal announcement and why it matters

Larsen & Toubro (L&T) has secured a confirmed work order valued at ₹5,000 crore from Kuwait Oil Company (KOC), according to details shared in news coverage and the company’s exchange filing. The contract is structured as an Engineering, Procurement and Construction (EPC) agreement on a Lump Sum Turnkey (LSTK) basis. The scope focuses on building Jurassic Light Oil (JLO) export facilities and upgrading Kuwait’s existing export network. For L&T, the win adds to its West Asia hydrocarbon EPC portfolio at a time when regional producers are investing in export and midstream infrastructure.

Client and project scope in Kuwait

KOC is Kuwait’s state-owned upstream operator and is pursuing a strategy aimed at strengthening crude export capacity, improving operational reliability, and supporting future production growth. The project cited in the reports is titled “JLO Export Facilities & Upgrading of Existing Export Network.” Work includes development of export facilities and modernisation of the current crude oil export network to improve efficiency, flexibility, and long-term operations. The coverage also notes that L&T will be responsible for engineering, procurement, construction, testing, commissioning, and handover.

What L&T will build: tanks, pipelines, and loading upgrades

The order’s deliverables include construction of six new crude oil storage tanks. Each tank is described as having an operating capacity of 618,000 barrels. The work package also includes installation of new pipelines and comprehensive upgrades to Kuwait’s crude loading infrastructure. The broader scope referenced in the Kuwait tenders-related information points to crude oil storage facilities and upgrades to the existing export network, aligning with the JLO export and network upgrade project description.

Contract structure: EPC on a lump-sum turnkey basis

L&T said the project has been awarded to its Energy Hydrocarbon Onshore business. The contract is on an LSTK basis, which typically places single-point responsibility on the contractor for delivering the complete project scope as per agreed specifications. The exchange filing cited in the material describes the scope as EPC of six crude oil storage tanks with associated facilities on a lump-sum turnkey basis. This structure is commonly used for large oil and gas infrastructure projects where schedule, integration, and commissioning responsibilities are critical.

Order value: ₹5,000 crore confirmed, “up to” ₹10,000 crore mentioned

The provided text includes two value references. One section states L&T has been awarded a confirmed work order valued at ₹5,000 crore by KOC. Another section says the order is expected to be worth up to ₹10,000 crore, framing the project as a major West Asia hydrocarbon infrastructure opportunity. Separately, Kuwait tenders-linked reporting values the contract at KD 303.5 million, described as about $179.2 million, and also referenced as approximately $188 million in another excerpt.

Kuwait’s tender process and award timeline

Information attributed to Kuwait’s Central Agency for Public Tenders (CAPT) says the contract was officially awarded to L&T on 15 July 2026. The same material states KOC invited bids for the project in October 2025 and that L&T emerged as the lowest bidder. It also notes that only two companies submitted bids in October: L&T and Petrofac. These details place the award within a competitive tender process with a limited bidder set.

Key numbers at a glance

How large is the order versus L&T’s revenue base

The ₹5,000 crore order is described as around 6.7% of L&T’s average quarterly revenue of ₹74,246.60 crore. The same section adds that when combined with a previously disclosed ₹10,000 crore order from JSW Steel, the total disclosed order book across the last three fiscal quarters stands at ₹15,000 crore, based on the sum of the two disclosed orders referenced.

Company commentary from the hydrocarbon business

In the provided text, E S Sathyanarayanan, senior vice president and head of L&T Energy Hydrocarbon Onshore, said development of the Jurassic Light Oil export infrastructure is an important investment in Kuwait’s energy sector. He added that L&T is committed to supporting Kuwait’s energy ambitions through reliable and world-class project execution. The company also positioned the contract as reflecting continued demand for large-scale hydrocarbon infrastructure projects in West Asia.

What investors should track next

With the award now confirmed in the cited material, the next milestones will be progress disclosures tied to execution, testing, commissioning, and handover under the EPC scope. Investors will also watch for how L&T classifies and reports this order within its order inflow and segmental reporting for the relevant quarter. The reporting includes multiple value references, so further clarity on the final booked order value in L&T’s financial disclosures will be a key datapoint.