Page 2 - Larsen And Toubro

L&T trades higher for seventh straight day; stock hits over 9-month high

In the past one month, L&T has outperformed the market by gaining 15 per cent as against a 6-per cent rise in the S&P BSE Sensex

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

L&T shipyard completes order for 54 fast interceptor boats ahead of time

The FICs delivered to the Coast Guard are 90-tonne vessels that can patrol the coastline at a scorching speed of 45 knots

L&T bags Rs 7,000-cr order to construct part of Bullet Train project

Infrastructure major Larsen and Toubro (L&T) on Thursday said it has bagged an order worth over Rs 7,000 crore to construct a part of the Mumbai-Ahmedabad High Speed Rail (MAHSR), also known as the Bullet Train Project. The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, the mega project is of over Rs 7,000 crore. The transportation infrastructure business of L&T Construction has secured mega contract from the National High-Speed Rail Corporation Ltd (NHSRCL) to construct 87.569 km of the MAHSR project, L&T said in a regulatory filing. The scope of the order includes the construction of viaducts, one station, major river bridges, maintenance depots, and other auxiliary works. The approximately 508 km Mumbai-Ahmedabad High-Speed Rail project will cover Maharashtra, Union Territory of Dadra and Nagar Haveli and Gujarat, with 12 stations along the route. Upon completion, the ...

Lockdown blues over, economy improving: Winners of Business Standard awards

Larsen & Toubro won the Company of the Year award and Wipro founder Azim Premji won the Lifetime Achievement award

Business Standard Awards: Watch the winners share their vision for future

L&T continues to suffer from slowdown in India's infrastructure sector

At consolidated level, L&T reported net profit of Rs 1,410 crore, down 45 per cent YoY, excluding gains from asset sale, while net sales were down 12 per cent YoY

L&T, Axis Bank, Bharti Airtel: Trading strategies for stocks post Q2 result

As long as Bharti Airtel's stock is able to defend Rs 440-mark, the upside bias may lead to upward rally towards Rs 480 and Rs 510 levels

Here's a Bull Spread Strategy on L&T by Nandish Shah of HDFC Securities

Long build up is seen in the L&T Futures' till now in the October series where we have seen 23% rise in the Open Interest with Nifty rising by 10%

Strong deal pipeline to sustain L&T Infotech's growth trajectory

Margins could face some pressure in the near term

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

Infrastructure company Larsen & Toubro (L&T) on Wednesday 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 "large" category, which ranges between Rs 2,500 crore and Rs 5,000 crore according to its classification of contracts. "The construction arm of L&T has secured orders from prestigious clients for its varied businesses," L&T said in a regulatory filing. The company said its buildings and factories business has won orders from a reputed developer to construct a high rise residential project and an office space in Mumbai. The factories business has received an order from a leading global shipping and logistic company for the design and construction of warehousing logistics park at Mumbai and also secured an order for construction of 4,000 TPD (tonnes per day) capacity clinker plant in Odisha. It also received add-on orders for ongoing

L&T set to win one of the largest civil works tenders for bullet train

Not just the employment market, the production and manufacturing markets are also expected to benefit from the project.

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 ...

L&T starts commissioning of 99 MW Singoli-Bhatwari hydel project

The wet commissioning process starts with machine spinning of the turbines initially without generation of electricity

L&T Construction bags orders for metallurgical, material handling business

Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has received 'significant' orders for its metallurgical and material handling business 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. "Metallurgical and Material Handling Business of L&T Construction has secured an order from Northern Coalfields Ltd, a subsidiary of Coal India Ltd (CIL), for a coal processing and load out package to be installed at the Dudhichua Mines located in Uttar Pradesh," L&T said in a regulatory filing. CIL envisions production to touch 1 billion tonne by 2023-24 to meet the country's demand for coal. The scope of work involves EPC (engineering, procurement, and construction) for a double stream coal sizing and transportation system covering semi mobile sizing system, high capacity specialty ...

L&T deal will push Make in India for the world: Schneider India chief

In a Q&A, Anil Chaudhry says the combined business will actively contribute to make the country green and digital

L&T's power transmission, distribution business bags 'large' contracts

Larsen & Toubro (L&T) on Monday said its power transmission and distribution business has bagged 'large' contracts in the domestic and international market. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. "L&T's power transmission and distribution business has won a prestigious package to establish transmission lines and substations associated with a major infrastructure project in Telangana," the company said in a regulatory filing. The scope of the package involves establishing three new 400 kV substations with reactors, associated bay extensions at connected substations and more than 170 km of 400 kV transmission links, on a turnkey basis, the filing added. The company said it has secured another order from Konkan Railway Corporation Ltd to provide electrical and mechanical systems for two tunnels in the Katra Dharam

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 ...

Virtual innovations enable to honour hiring commitment during Covid-19: L&T

Amid the challenges due to COVID-19 pandemic, domestic infrastructure giant Larsen & Toubro (L&T) said virtual innovations enabled it to honour its job offers and hire 1,297 candidates from institutions like IITs and government colleges. The conglomerate had visited 112 colleges in 2019 for the recruitment of graduate and postgraduate engineering trainees for 2020. Over 18,000 candidates had applied for the recruitment and finally, 7 per cent or 1,297 were hired, Larsen & Toubro (L&T) said. "We had honoured all our offers made to these engineers and graduates from the IIT's, NIT's and government colleges last year... I am glad that L&T has been able to live up to its commitment even in these extenuating circumstances of COVID-19," S N Subrahmanyan, CEO & Managing Director, L&T Group told PTI. "It is critical that as good corporate citizens, we recognise the difficulties faced by the potential employees at personal and professional levels and have the best ..

Why ban on India's $47-bn arms imports may not have the desired effect

The banned list is also vague on the position of joint-ventures between Indian and foreign manufacturers and license produced weapon systems