Page 12 - L&t
L&T bags Rs 2,400-crore job orders
Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 2,400 crore in domestic and international markets. "The power transmission and distribution business of L&T Construction has recently bagged major orders worth Rs 2,400 crore in the domestic and international markets," the engineering and construction major said in a BSE filing. L&T said that its power transmission and distribution business has secured repeat order of 400 kv transmission lines and sub-stations, 33 kv primary substations and related cabling on turnkey basis in the Middle East and Africa. It has also received orders to build transmission lines at voltage levels of 765 kv and 400 kv across different states. The stock was trading 1.18 per cent up at Rs 1,564 on the BSE.
 "L&T bags Rs 2,400-crore job orders")
L&T in race against time to meet FY17 revised order inflow guidance
Order inflow guidance was revised from 15% to 10% and revenue guidance was seen at 10% against 12%
 "L&T in race against time to meet FY17 revised order inflow guidance")
L&T Realty exits from Chennai township projects
L&T Realty Limited has sold its stake in L&T South City Projects, which is building a township project at Chennai. Stake sale estimated to be around Rs 190 crore.The company has executed Share Purchase Agreement for sale of its 51 per cent stake in L&T South City Projects Private Limited to Pragnya Group, an investment firm.L&T South City Projects is engaged in the development of a 92-acre residential township at Siruseri, one of the IT hubs of located at Old Mahabalipuram, Chennai.Limited scalability of the business in the project for L&T Realty Ltd, was the rationale behind the sale, said the company.Networth of the SPV was Rs 134.05 crore as on March 31, 2016.The buyer Pragnya Group is an investment firm with a focus on fund management, property development and asset management.The Group has been involved with L&T South City Projects and the development of the Siruseri project since its inception.ends
 "L&T Realty exits from Chennai township projects")
L&T Infra Debt to raise Rs 2,500 cr to refinance projects
The company's portfolio comprises projects with an average of four years of satisfactory operations
 "L&T Infra Debt to raise Rs 2,500 cr to refinance projects")
L&T to provide vocational skills training to Ugandan youth: Rahul Sikka
Rahul Sikka, Larsen and Toubro's Vice President and Head Africa Power Transmission and Distribution, has welcomed the decision to manufacture in Uganda with Indian skills and expertise, saying the local population needs to be empowered for long-term goals."I have been informed by my team in India that the Government of Uganda actually came to India to source an organization that could provide vocational skills. L&T has nine CSTIs i.e. Construction Skills Training Institutes (CSTI) and we have been shortlisted by the Ugandan Government and this is not known to everybody because it is still just happening. So, we will be providing the Vocational Skills Training and we believe very strongly that's the way to go," Sikka told ANI in an exclusive interview."Whichever country we should go as Indians we should believe that the local population needs to be empowered, needs to be included in anything and everything we do because that's what's long-term and that's what sustains," he ...
H1B salary hike plan: L&T Tech fears 2.5% hit on margins
While H1B visa holders draw $62,000-65,000 a year, L&T workers' average salary is $75,000-80,000
 "H1B salary hike plan: L&T Tech fears 2.5% hit on margins")
L&T: Weak Q3, cut in guidance could hurt sentiment
Its net revenues grew by 1.4% to Rs 26,287 cr, while net profit increased 39% to Rs 972 cr y-o-y
L&T Q3 profit up 39%, cuts FY17 revenue growth guidance to 10%
The company recorded consolidated revenue for the quarter at Rs 26,286 crore
L&T profit up 39%; revises its revenue, order inflow guidance
Management noted demonetisation caused disruption, would be difficult to quantify scale of impact
 "L&T profit up 39%; revises its revenue, order inflow guidance")
L&T Q3 net up 39% at Rs 972 crore, calls note ban 'a disruptor'
L&T's total income from operations rose to Rs 26,286.98 crore during the quarter under review
Demonetisation impact key for L&T Q3 numbers
L&T has a heavy exposure to migrant labour force, which is paid in cash
 "Demonetisation impact key for L&T Q3 numbers")
L&T bags orders worth Rs 6,024 crore
The shares of the company were trading 1.70 per cent higher at Rs 1,456 on BSE
L&T's big targets rely on galloping economy: Analysts
Scepticism also stems from L&T's missed guidance in the last three financial years
 "L&T's big targets rely on galloping economy: Analysts")
L&T bags $99.7 mn order from Vietnam Border Guard for high speed patrol vessels
Vessels to be built at the company's Kattupalli Shipyard, off Chennai
Larsen and Toubro bags orders worth Rs 1,726 crore
However, shares of the company were trading 0.41% lower at Rs 1,474.10 on BSE
L&T bags orders worth Rs 1,458 crore
In the international market, it has got a contract from the National Grid Saudi Arabia
L&T aims to double revenue in 5 years
Naik announces 5-year plan, with thrust on digitisation
 "L&T aims to double revenue in 5 years")
L&T Hydrocarbon eyes $1 billion worth projects in offshore business
LTHE has also tied up with international firms like GE and McDermott for deep-water projects on the east coast of India
L&T Technology Services looks at startups to strengthen IoT space
The company is looking at mining top 30 accounts to grow its business, while looking at adjoining areas of opportunities for growth
 "L&T Technology Services looks at startups to strengthen IoT space")
New accounting norms spoil L&T's show
Net profit surged 46% over a year but missed the analyst forecast due to adoption of Ind-AS
 "New accounting norms spoil L&T's show")
