Larsen And Toubro

RBI Policy: Time to be selective in rate sensitives; keep DLF, SBI on radar

As per the charts, SBI and DLF need to conquer the near resistances at Rs 620 and Rs 420, respectively, for fresh gains to emerge.

Top Gainers and Losers, NSE: TECHM grows 3.4%; ULTRAMCEMCO falls 1.9%

Today NSE Top Gainers and Top Loser, 9 Sept: Tech Mahindra rose by 3.4 percent, UltraTech cement falls by 1.97 percent. Read this detailed report on gainers and losers in National Stock Exchange

Tata Projects to build Noida International Airport; pips L&T, Shapoorji

Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at Noida International Airport

L&T Q4 net profit rises 10% to Rs 3,621 cr, firm declares dividend of Rs 22

Company reports 10% jump in consolidated revenue at Rs 52,851 cr

Larsen & Toubro's construction arm bags 'significant' order in Bangladesh

Larsen & Toubro (L&T) on Wednesday said that its construction arm has bagged a 'significant' order to construct hi-tech IT parks at eight locations across Bangladesh. This project is being funded by the Indian EXIM Bank and is the first IT and office space order that L&T has secured in Bangladesh. "The construction arm of Larsen & Toubro has secured an order from the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at 8 locations (2 packages at 4 locations each) across Bangladesh," the company said in a statement. The company did not provide the value of the contract, but said the order falls under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. The major scope of work for the project comprises procurement and construction of seven-storied structural steel buildings at all eight locations. The scope also includes lift, electrical, fire fighting system and public health ...

L&T, Microsoft sign pact to develop regulated sector-focused cloud offering

Larsen & Toubro (L&T) and Microsoft India on Monday announced signing of a pact to develop a regulated sector-focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services. In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and road maps to modernise their traditional data centres to potentially hybrid models and advance their digital transformation goals. Under the memorandum of understanding (MoU), the two industry leaders will set up a joint governance group to define future platform designs, investments, and commercial/business models to service the regulated sectors' emerging technology requirements, according to a statement. Senior leadership teams of both the organisations will be engaged collectively on this as the association evolves. "India is at the cusp of enormous cloud adoption, as innovation, scale and agility .

L&T bags 'large' offshore contract from ONGC for pipeline project

Larsen & Toubro (L&T) on Friday said that its wholly-owned arm has bagged a large offshore contract from ONGC for the seventh development phase of their pipeline replacement projects. This contract, awarded through international competitive bidding, reposes ONGC's confidence in L&T Hydrocarbon Engineering (LTHE) capabilities and commitment to support ONGC in strategic oil and gas sector, and contribute to country's energy security. "LTHE, a wholly owned subsidiary of Larsen & Toubro, has secured a contract from...ONGC for the seventh development phase of their Pipeline Replacement Projects (PRP-VII)," the company said in a statement. The contract involves engineering, procurement, construction, installation and commissioning of 350 km subsea pipelines and related offshore works spread out across country's west coast offshore fields of ONGC. Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering & technology ...

Larsen & Toubro dispatches six of world's largest coke drums to Mexico

Larsen & Toubro (L&T) on Thursday said its heavy engineering arm has dispatched six of the world's largest coke drums to Mexico. These coke drums were successfully manufactured during the COVID-19 pandemic at L&T's state-of-the-art Heavy Engineering Complex located at Hazira near Surat, the company said in a statement. "The heavy engineering arm of Larsen & Toubro, dispatched six of the world's largest coke drums weighing 658 tons each for a refinery project in Mexico ordered by PTI Infraestructura de Desarrollo, (PTI-ID), a subsidiary of the Mexico's state-owned oil company PEMEX (Petrleos Mexicanos)," the statement said. These coke drums are part of a delayed coking unit in the PEMEX Dos Bocas Refinery Project, which will convert the residue from the combined distillation plant into higher-value products. "We thank PTI-ID for reposing faith in L&T for supplying world's largest Coke Drums for such prestigious project. It's heartening to have lived up to the ...

L&T bags two 'mega' offshore orders from overseas client

A consortium led by LTHE, a wholly-owned arm of Larsen & Toubro, has bagged two mega offshore orders from a prestigious overseas client. The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore. The scope of work comprises engineering, procurement and construction (EPC) for new facilities and integration with existing installations, Larsen & Toubro (L&T) said in a statement. LTHE is currently executing several domestic and international offshore projects. It is also committed to building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload. Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering & technology (AdVENT) ...

L&T Infotech Q2 net profit rises 21% to Rs 552 cr, revenue up 26%

'We report the strongest sequential revenue growth and best ever Q2 of 8.9% in constant currency terms,' says company CEO

L&T Q1 consolidated net surges four-fold at Rs 1,174 cr on higher revenue

The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year

L&T Q1 Results: Consolidated net profit soars 287% YoY to Rs 1,174 cr

The consolidated order book of the group was at Rs 3.23 trillion as on June 30, 2021, with international orders at 20% of the total order book

Here is a Bull Spread strategy on L&T by HDFC Securities

The stock price has broken out on the daily chart with higher volumes where it closed at all-time high levels

Guidance revision, margin show help L&T Tech outperform peers in Q1

Investors advised to await a correction and hold the stock for long term to benefit from the demand uptick in the niche engineering, research and development space

Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr

Unit was founded as a startup with broad digital capabilities within L&T. It has played a key role in applications of IoT tech and digitalisation of many of L&T's operations

Lifetime achievement award: Meet AM Naik, the Oracle of Indian engineering

A M Naik transformed L&T into an aggressive private sector company run by professionals, with a continuous focus on shareholder returns

Losers and gainers in Indian industry as fuel prices climb to record high

Expensive retail fuel can trigger inflation, hurting a fragile economic recovery. Devangshu Datta explains who loses - and gains somewhat - when prices rise

Riding on high growth: Key gainers from the Budget 2021 proposals

A focus on localisation and increase of duties in select sectors are also expected to boost manufacturing across sectors.

L&T Q3 profit rises 5% YoY to Rs 2,467 cr on record quarterly order inflow

The Group order inflow for the quarter ended December 31, 2020 registered a strong growth of 76 per cent over the corresponding quarter of the previous year and stood at Rs 73,233 crore

L&T Q3 results today: Strong order inflow, liquidity management may aid nos

Analysts at HDFC Securities forecast a 71.5 per cent sequential growth in Larsen and Toubro's consolidated net profit at Rs 1,980 crore for the quarter under review