Core Announcement – Order Details
Awarding Entity: Oil & Natural Gas Corporation (ONGC)
Domestic/International Order: Domestic (India)
Nature of Order/Contract:
Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the Additional Development of Ratna–I (ADR I) and NLM-14 project off India's west coast. The scope includes construction of three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.
Order Value:
The order is classified as "Large" per L&T's order classification system. This corresponds to a value range of ₹2,500 crore to ₹5,000 crore. The exact value is not specified.
Materiality Context:
The project is described as significant additions to India's offshore energy infrastructure and demonstrates continued investment in enhancing production from established offshore assets. The work combines new offshore facilities with brownfield modifications in existing operating fields.
Execution Timeline:
Not Specified
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
Not Specified
Financial Implication:
Not Specified