Current Affairs - Business - Discussion

L&T, through its subsidiary L&T Energy Hydrocarbon (LTEH), secured a major contract worth over ₹15,000 crore from ADNOC Offshore for the Umm Shaif Gas Cap project in Abu Dhabi. The project has a total investment of $6.2 billion and involves Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) of offshore facilities, along with upgrades to existing infrastructure. LTEH Offshore will act as the lead partner, working with international companies including TotalEnergies, Eni, and China National Petroleum Corp. L&T is a major Indian multinational conglomerate involved in EPC projects and high-tech manufacturing. It is headquartered in Mumbai and was founded in 1938 by two Danish engineers.