Larsen & Tourbo

CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index

The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T

Analysts expect a 12-15 per cent upside from current levels

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows

As the world changes with changing realities, some businesses will suffer. But in any case India has an unplanned advantage: It has to destroy less of the old to make way for the new, writes T N Ninan

The technical analyst from HDFC Securities recommends buying L&T 1700 Call and simultaneously selling 1800 Call of the July expiry.

But sequentially, it declines 53% amid inflationary pressure & Rs depreciation

Larsen & Toubro has seen a steady rise in net profits over the previous four quarters

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

Stocks to Watch Today: Bandhan Bank, BoB, Eicher Motors, Escorts, REC, SBI, Tech Mahindra and UCO Bank are likely to be in focus ahead of Q4 results; Delhivery and Venus Pipes IPOs close on Friday.

Larsen & Toubro (L&T) on Thursday said its hydrocarbon business has bagged two 'significant' offshore projects from an overseas client. As per the company, a significant order is valued at Rs 1,000-2,500 crore. The scope of work comprises engineering, procurement, construction, installation and commissioning for the expansion of a marine terminal and replacement of electrical switchgear and protection equipment at existing facilities. "The hydrocarbon business of Larsen & Toubro has secured two offshore projects from a prestigious overseas client," the company said in a statement. L&T is currently executing several domestic and international offshore projects. The company is also committed to building its regional presence in geographies that it operates in by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload. The hydrocarbon business organised under ...

Larsen & Toubro (L&T) on Tuesday said its construction arm has bagged a large order for its buildings and factories business from the Odisha government to construct clinical blocks and allied infrastructure for a hospital in Cuttack. The duration of the engineering, procurement, and construction (EPC) project is 30 months, the company said in a statement. The project involves construction of four clinical blocks comprising composite structural systems and other ancillary buildings. The facility will cover specialty departments such as neurology, nephrology, endocrinology, gastroenterology, hematology, hepatology, cardiology, surgical blocks, casualty, trauma and general surgery with a total of 2,058 beds. The scope of work includes design and execution of architecture and structurecomposite system among others.

Larsen & Toubro (L&T) on Tuesday said its construction arm has won significant contracts including an order for the construction of a bridge on river Ganga in Bihar. The company did not specify the exact value of the contracts but as per its specification a significant contract ranges between Rs 1,000 crore and Rs 2,500 crore. "...The Heavy Civil Infrastructure business of L&T Construction has secured an EPC (engineering procurement and construction) order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) ... including approaches across river Ganga on the newly declared NH-131B at Bhagalpur in the state of Bihar," the company said in a statement. The project is scheduled to be completed in 48 months, it said. The company said its Water & Effluent Treatment business has bagged a design, build and operate order from Municipal Corporation, Amritsar for engineering, procurement & construction of bulk water supply system in the city of ...

The construction arm of L&T has secured an order in the range of Rs 1,000-2,500 crore to construct the Main Plant Civil Works of the Kudankulam 5 and 6 units.

The Heavy Engineering business of Larsen & Toubro, has completed and flagged off World's Heaviest LC-Max Reactors ahead of schedule.

The firm's MD & CEO, S N Subrahmanyan, says L&T has reached pre-covid levels and aims to become debt free

The construction and mining equipment business of the company has secured one of its biggest orders ever to supply 46 units of Komatsu Mining Equipment from Tata Steel

From fiscal deficit soaring to 115% in first half to L&T still suffering from lockdown woes, here are the top headlines on Friday

All that happened in the markets today

The April-June 2020 quarter is likely to be one of the weakest quarters in recent times for the engineering & capital goods (ECG) companies amid the Covid-19-induced lockdown, analysts say.