Better returns profile, reduction in working capital dependence positives
Thus far in March, the stock outperformed the market by gaining 8% as compared to 3% rise in Sensex
Tie-up with MBDA will have Indian partner as majority partner; first product likely in 2 years
The venture will bid for new contracts under rules for indigenous defence firms
The company said this includes an order worth Rs 1,071 crore won by Heavy Civil Infrastructure Business (HCIB)
L&T Construction's Smart World and Communication business unit will execute the project
The stock was up 4% to Rs 1,385 on the BSE in intra-day trade.
Consolidated revenue from operations rose to Rs 25,010 cr from Rs 23,120 cr in the year-ago period
In water and effluent treatment business, the company has secured orders worth Rs 397 crore
The government is looking to sell as much as 27.8 million shares (three per cent) in L&T through block transactions
An IPO completed by the company on September 15 and was worth Rs 900 crore has hit the market this year
It is also expecting to bag one contract to develop amphibious assault ships, also called landing platform docks
19.30 lakh shares of the company were traded on BSE and over 80 lakh shares changed hands on NSE during the day
This is for design and construction of high speed patrol vessels in India as well as transfer of design and technology
To tap defence market, too
The company received orders from RINL, IOCL, PHMED
Company will build vessels for defence near Chennai; it is currently supplying 54 interceptor boats for Coast Guard
Satyam was eventually acquired by Mahindra Group in a government-initiated auction
The Chairman explained that 70% revenue of the Group comes from the "risky" project side
L&T said it has secured a lump sum turnkey contract from Indian Oil Corporation valued over Rs 355 crore