L&T wins contract worth up to Rs 10,000 crore from Kuwait Oil Company for crude export infrastructure - financialexpress.com

Larsen & Toubro (L&T) has secured a substantial contract, valued at up to approximately $1.2 billion (Rs 10,000 crore), from the Kuwait Oil Company (KOC) for critical crude export infrastructure. This significant award underscores Kuwait's unwavering commitment to enhancing its oil and gas export capabilities, a cornerstone of its national economy and a key component of its Vision 2035 development plan. For L&T, this win reinforces its robust presence and expertise in executing large-scale, complex energy projects across the GCC. In the broader Gulf market, such investments in core energy infrastructure highlight the region's strategic focus on maintaining and optimizing its primary revenue streams, even as diversification efforts gain momentum. This ensures the financial stability required to fund ambitious mega-projects in other sectors, solidifying Kuwait's position as a major global energy supplier.