Page 2 - Larsen & Toubro (l&t)

L&T gains 3% on significant order wins for water & effluent treatment biz

So far this month, L&T has won a total of five 'significant' orders across diverse segments

Larsen & Toubro gains 2%, hits over six-mth high on strong revenue outlook

In the past one month, L&T has outperformed the market by gaining 9 per cent as compared to a 1.4 per cent rise in the S&P BSE Sensex

L&T beats estimates as Q1 net profit surges 45% YoY to Rs 1,702 crore

But sequentially, it declines 53% amid inflationary pressure & Rs depreciation

L&T Finance Holdings Q1 net up 47% to Rs 262 cr on better interest margins

Firm expects NIM plus fees to stay above 8% in FY23

L&T Q1FY23 results: How the company performed in the last four quarters

Larsen & Toubro has seen a steady rise in net profits over the previous four quarters

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

India the place to be in now, says HSBC India CEO Hitendra Dave

'We are in growth, customer acquisition, and balance-sheet expansion mode'

Margin worries to persist for L&T over inflation, supply chain concerns

While target prices indicate healthy upside, the stock has been an underperformer

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

L&T admitted that volatility in the price of crude oil and other commodities owing to geopolitical uncertainties was pushing up input prices

L&T bags water project in Jharkhand; to irrigate 22,283 hectares in Dumka

Engineering major Larsen & Toubro (L&T) on Monday said it has bagged a significant project from Jharkhand government for irrigation. The project envisages to provide water to irrigate 22,283 hectare of Culturable Command Area (CCA) in Dumka district of Jharkhand by way of pumping water from the Sidheshwari river. The scope includes survey, design, and constructing a barrage across the river. "The water & effluent treatment business of L&T Construction has secured a repeat EPC order from the Department of Water Resources, Government of Jharkhand, to execute the Masalia Ranishwar Megalift irrigation scheme on a turnkey basis," the company said in statement. The company is already executing a similar lift irrigation project in Jharkhand's Garhwa district. As per the company, a contract valued at Rs 1,000-2,500 crore is categorised as a significant order. L&T is an Indian multinational engaged in engineering, procurement, and construction projects.

Nykaa CEO Falguni Nayar named EY Entrepreneur of the Year for 2021

She will represent India at the EY World Entrepreneur of the Year Award on June 9.

L&T's transportation infrastructure business bags 'significant' contracts

Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients. 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 business has secured an order from the Tamil Nadu Road Infrastructure Development Corporation to construct the Chennai Peripheral Ring Road EPC-02 package of section-II in the engineering, procurement and construction (EPC) mode. The scope of work broadly includes constructing a six-lane greenfield highway of 12.80 kms with flexible pavement, two-lane service roads and paved shoulders on both sides of the carriageway, at-grade intersections, major/minor bridges, vehicular/light vehicular/ small vehicular underpasses, and culverts followed by maintenance for seven years, L&T said in a statement. The railways business unit ...

Indian Oil, L&T and Renew to form JV to develop green hydrogen business

The three companies Indian Oil, L&T and Renew will hold equal stakes in the proposed JV which will develop green hydrogen assets in India.

Top headlines: L&T Q3 net falls; nod for Bharat Bio's intranasal dose trial

Business Standard brings you the top headlines on Friday

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

L&T Technology Services reports double-digit revenue growth in Q3FY22

L & T Technology Services Limited (BSEHighlights for Q3FY22 include:Revenue at Rs 16,875 million; growth of 20% YoYUSD Revenue at $225.1 million; growth of 18% YoYEBIT margin at 18.6%; up 340 bps YoYNet profit at Rs 2,488 million; growth of 34% YoYInterim Dividend of Rs 10 per share; Record date January 27, 2022During the quarter, LTTS won a USD45 million deal and a total of 3 deals with TCV of USD10 million plus. Revenues from digital and leading-edge technologies stood at 56% during the quarter."We sustained our performance trajectory with sequential growth of 4.2% in constant currency led by strong demand across segments. The deal conversations and pipeline in our six big bets - Electric Autonomous & Connected Vehicle (EACV), 5G, Med-tech, AI & Digital Products, Digital Manufacturing and Sustainability - continues to see healthy improvement as our customers make steady progress on their long-term transformative journeys.We are expanding our EACV global presence with

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's arm dispatches mega tubular reactors to overseas plants

Larsen & Toubro (L&T) on Tuesday said that its heavy engineering arm has dispatched two large ethylene oxide reactors, weighing 1,200 tonnes each, from Hazira, Gujarat to a large petrochemical complex overseas. This was a repeat order after four identical reactors were supplied by L&T to the same client in 2020, during the first wave, the company said in a press release. "Such a repeat order is testimony of our unique ability to handle these large & complex equipment and customer's confidence in our reliable delivery performance even during the unprecedented COVID-19 pandemic," Anil V Parab, member L&T Executive Committee, Senior VP & Head Heavy Engineering said. The reactors were manufactured at L&T's heavy engineering complex located at Hazira near Surat. These highly complex reactors are crucial equipment for production of mono ethylene glycol in the petrochemical complex. "Our focus on high-end products, in-house development of distinctive ...

L&T Heavy Engineering bags significant orders in third quarter

Larsen & Toubro (L&T) on Wednesday said its heavy engineering arm has won significant contracts for its various business segments in the third quarter of the ongoing financial year. The modification, revamp and upgrade (MRU) business of L&T Heavy Engineering has been awarded an important contract by a key hydrocarbon sector customer in the Middle East, the company said in a statement. It covers detailed engineering, supply of critical equipment and components, leading into multi-disciplinary site work involving multiple staggered shutdowns during which the revamp work would be carried out. The MRU business has also been awarded a project for revamp of the FCC (fluid catalytic cracking) system for another important hydrocarbon sector customer in the Middle East. These wins strengthen L&T Heavy Engineering's position as a key player in the global MRU market. In the domestic market, the MRU business has been awarded the project for RFCC (residue fluid catalytic cracking) .

L&T's construction arm receives significant order from DMRC

L&T on Tuesday said its construction business has bagged a significant order from Delhi Metro Rail Corporation Ltd for the design and construction of the underground metro project Phase-1 of Patna Mass Rapid Transit System. The order has been awarded to heavy civil infrastructure business of L&T Construction, it said in a BSE filing. Larsen and Toubro (L&T) classifies a contract worth Rs 1,000-2,500 crore as a significant order. The project is being funded by Patna Metro Rail Corporation (PMRC) and, upon completion, will be operated by PMRC. "The major scope of work for the project comprises design and construction of twin tunnel...ramp at Rajendra Nagar and six UG metro stations viz, Rajendra Nagar, Moin Ul Haq Stadium, University PMCH, Gandhi Maidan and Akashvani along with other associated structures including architectural finishing, water supply, sanitary installation and drainage works on the new ISBT to Patna Station of Corridor-2 of Phase-1 of Patna MRTS," it ...