Page 8 - L&t

L&T bags multiple orders across business verticals in domestic market

Infrastructure company Larsen & Toubro (L&T) on Monday said it has received multiple orders across various business segments in the domestic market. The company did not provide the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. "The construction arm of L&T has secured (significant) orders from prestigious clients for its varied businesses,"L&T said in a regulatory filing. The waterand effluent treatment business of L&T Construction has secured a repeat orderfrom Narmada Water Resources, Water Supply & Kalpsar Department,Government of Gujarat to execute the TapiKarjan Pipeline Link Irrigation Scheme, it said. The project envisages to irrigate 16,919 hectares of command area in the districts of Tapi and Surat in Gujarat by lifting 14.2 cubic meters per second (cumec) of water from the Ukai reservoir, the company added. L&T ...

Eight companies bid to build 28 bridges for Bullet train project: NHRSCL

The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday

Larsen and Toubro bags significant contract by Ministry of Defence

The defence arm of Larsen & Toubro has been awarded a significant contract by the Ministry of Defence for the supply of four regiments of Pinaka weapon systems.The contract involves the supply of Pinaka launchers, battery command posts and associated engineering support package. The system has been indigenously developed by L & T as part of Pinaka development programme of Defence Research and Development Organisation (DRDO) and functions as a high-tech, all-weather, long-range area fire artillery weapon system."As a proponent of Atmanirbhar Bharat philosophy from inception and a practising Make-in-India company, we have been associated with the Pinaka programme since its development in the 1990s and induction in armed forces and serial production since a one-and-a-half decade," said J D Patil, Member of the board and Senior Executive Vice President (Defence a Smart Technologies) at L & T."We continue to live up to our ethos to build strong India and commitment to the ...

IT firms lead IIM-A's one-year executive MBA final placement with 42 offers

Concluded in July, IIM-A releases audited placement report

Import curbs on 101 defence items open big avenue for L&T, Bharat Forge

PSUs, such as BEL, are already seeing good order flows

L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.

Covid-19 impact: L&T pre-tax profit plunges 66% to Rs 894.46 cr in Q1

The company's net profit at Rs 303.14 crore for the quarter under review, was 79 per cent lower than the net profit of Rs 1,472.58 crore reported last year

L&T announces three new board-level appointments in key business verticals

The new appointments have been made after Shailendra Roy, whole-time director, ceased to be a director of the company on account of his superannuation

L&T Board inducts Subramanian Sarma as Executive Director, promotes others

Sarma said L&T's power business has carved a niche for itself as an EPC player backed by strong and indigenous manufacturing capability

Was apprehensive about bidding for ITER's cryostat contract: L&T's Naik

Larsen & Toubro non-executive chairman A M Naik on Tuesday said he was "apprehensive" about bidding for Rs 1,338-crore ITER's cryostat contract for the world's largest experimental thermo-nuclear fusion reactor in France as it was considered as "too risky" a bet. The company, which bagged the contract in 2012from ITER India, a wing of Department of Atomic Energy,to manufacture and install the cryostat, on Tuesday flagged off the last delivery of top lid sectors of the cryostat to the facility in France. Naik, who had joined the flag off ceremony through a virtual platform, recollected the days of 2011 when he was in doubt whether the company should bid for the project or not. "At the time when we were quoting in 2011, this project was perceived by L&T and by me in particular...if you want to call me a culprit...as a risk. The contract included construction of large temporary workshops in France within two years of award of contract with capacity of 200 MT and I was very ...

MNREGA jobs are short-term, only lasting solution is projects: L&T chief

In a Q&A, S N Subrahmanyan, MD and CEO of the engineering group says he expects govt and public sector capex to be lower by Rs 3-4 trillion this year

L&T board approves A M Naik's reappointment as non-exec chairman for 3 yrs

Naik's present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE

Larsen & Toubro Q4 consolidated Q4 net profit down 4% at Rs 3,430 cr

The company had clocked a consolidated net profit of Rs 3,586.48 crore in the year-ago period

L&T, IIT Kanpur collaborate for research in industrial cyber security

Will set up a Center of Excellence at IIT-K campus for research in Honeypot, intrusion detection systems, malware analysis, blockchain, vulnerability assessment and penetration testing

Mindtree founders drop promoter tag as firm reclassifies them as 'public'

Founders had requested for the reclassification in July last year after L&T took over the Bengaluru-based firm

L&T plans to become asset light, reduce debt by Rs 30,000 crore

To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT

L&T MBDA Missile System sets up integration facility in Tamil Nadu

Part of the Tamil Nadu Defence Industrial Corridor, the investment in the facility is yet to be disclosed

L&T profit before tax for Q3FY20 dips 5%, firm misses street estimates

After tax, the company reported a consolidated profit of Rs 2,353 crore, a jump of 15 per cent

L&T Infotech posts double-digit revenue growth in Q3, profit up marginally

During the quarter, operating margin of the L&T Group company improved 70 basis points to 16.2 per cent, owing to favourable cross-currency movement

Changes in BOT road contracts may not jumpstart private investment

Changed bidding and contractual guidelines for build-operate-transfer (BOT) road contracts are being finalised but big construction companies might, it is believed by observers, not be in a hurry to return to this segment.As for smaller players, they are occupied with hybrid annuity projects. The decisive factors in attracting private investment will be the stretches offered for bidding and projected traffic density.The new draft norms have been brought in to encourage private participation in BOT. Large highway developers (L&T, Hindustan Construction) had started avoiding these contracts, over delayed return on investment, rigid concessionaire agreements and legal disputes with governments.According to the draft Model Concessionaire Agreement, the National Highways Authority of India (NHAI) and the concessionaire would agree that in a financial default, the lender or banks can invite, negotiate and procure offers, either by private negotiations or public auction or tenders, for ..