L&T Acquires Sapura's 40% Stake in JV for ₹122 Crore, Gains Full Ownership

Share Market
C
CNBC Awaaz•12-01-2026, 15:26
L&T Acquires Sapura's 40% Stake in JV for ₹122 Crore, Gains Full Ownership
- •Larsen & Toubro (L&T) signed an agreement to acquire Sapura Nautical Power's 40% stake in their joint venture, L&T Sapura Shipping Private Limited (LTSSPL).
- •The acquisition is valued at approximately ₹122 crore, making LTSSPL a wholly-owned subsidiary of L&T.
- •LTSSPL, established in 2010 as a 60:40 JV, operates a Heavy Lift cum Pipe-Lay Vessel (HLPV).
- •The HLPV provides services like offshore platform installation and subsea pipe/cable laying for the hydrocarbon upstream industry.
- •This acquisition aims to enhance L&T's operational flexibility and asset availability for offshore projects.
Why It Matters: L&T takes full control of its JV, LTSSPL, for ₹122 crore, boosting offshore project capabilities.
✦
More like this
Loading more articles...





