Page 6 - Larsen & Toubro (l&t)

Future Retail, IndusInd Bank, L&T: How to trade these news-driven stocks?

After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.

Larsen & Toubro gains 2% as board to consider special dividend on Wednesday

The stock quoted higher for the seventh straight days, and has gained 8 per cent during the period.

Street signs: US election cloud on FPI flows, tech boost for L&T & more

Analysts expect the markets to remain upbeat until the presidential polls, but investors may be better off on the sidelines until then

Larsen & Toubro gains 3% on hopes of contract win for bullet train project

L&T has emerged as the lowest bidder in the financial bids for the design and construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor

Top headlines: Govt may sell Hind Copper; L&T set to board the bullet train

From looking at the strategic sale of Hind Copper to L&T likely winning the tender for the bullet train, here the top business headlines this morning

L&T emerges lowest bidder for 237-km viaduct of bullet train project

Infrastructure company Larsen & Toubro has emerged as the lowest bidder for the design and construction of 237 km length of viaduct for 508-km Mumbai-Ahmedabad High Speed Rail corridor, the National High Speed Rail Corporation Limited said on Monday. Ahmedabad-Mumbai bullet train is the first high speed train project of India, which is being built with the help of Japan. "Financial bids for the design and construction of 237 km length of viaduct for 508 km of Mumbai-Ahmedabad High Speed Rail corridor were opened today and Larsen & Toubro Ltd is the lowest bidder," said the release. A total three bidders involving seven major infrastructural companies had participated in the competitive bidding, the NHSRCL said. Others bidders were "Afcons Infrastructure Limited IRCON International Limited JMC Projects India Ltd-Consortium and NCC Limited Tata Project Ltd. - J.Kumar Infra Projects Ltd. - HSR Consortium," it said in the release. The technical bids for the tender were opened on

L&T is seeing gradual but regular improvement in biz prospects: Analysts

Analysts say improving engineering and construction business, asset monetisation, and better return ratio will provide triggers

Africa could be next century's growth engine: L&T CEO Subrahmanyan

Africa could be the next century's economic growth engine, and Larsen & Toubro hopes to be a part of its journey, L&T chief executive and managing director S N Subrahmanyan said on Tuesday. He was addressing a session on Reimagining Resilient Africa during FICCI LEADS 2020 event. "Africa could be the next century's economic growth engine...We hope to be a part of the ecosystem of Africa. Make India proud and Africa proud," Subrahmanyan said. Africa would require new investment to the tune of USD 25-30 billion in the next decade to meet its requirement, as per a Ficci statement. "This is an absolute necessity, and it will come into play not only via physical infrastructure, including health centres, hospitals, better medical facilities but also through digital health connect. L&T will do whatever required to develop the African continent," Subrahmanyan said. R V Kanoria, former Ficci president, said Africa could be the answer to the food security needs of the world. Africa .

BHEL, L&T, Welspun, IRCTC among 15 firms in fray for running private trains

Rail ministry had invited RFQ for private operation of passenger trains over 12 clusters consisting of 140 Origin-Destination pair of routes with launch of 151 modern trains

Cash strapped and under-capitalised, SP group faces biggest test ever

A shift from a low-risk project execution model to big bets on infrastructure and real estate projects has plunged the group into crisis

Reliance Retail, L&T lead as advance tax growth picks up in Q2

RIL has reportedly not paid a second instalment of advance tax owing to a heavy fall in crude oil prices, which has left the company with no margin on refining.

L&T, Tata Projects, JMC, NCC in race for India's first bullet train tender

Technical bids for the design and construction of 237 kilometres of mainline for Mumbai- Ahmedabad High-Speed Rail corridor were opened on Wednesday.

SP Group, cash strapped and under-capitalised after betting on infra sector

SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent

Larsen & Toubro hits over three-month low; stock declines 13% in one month

L&T sees prospects in the areas of government buildings, data centres, etc. It is uncertain, however, of the timelines when these projects will take off.

Six out of top 10 infrastructure companies struggling to stay afloat

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

Larsen & Toubro wins 'significant' contracts for various businesses

Engineering and construction conglomerate Larsen & Toubro (L&T) on Thursday said it has won significant contracts for its various businesses. The company did not mention the exact amount of the contracts but as per its specification of significant contracts, the project value ranges between Rs 1,000 crore and Rs 2,500 crore. "The construction arm of L&T has secured orders from prestigious clients for its varied businesses...The Water & Effluent Treatment business of L&T Construction has won its maiden order in Chandigarh from the Chandigarh Smart City Limited (CSCL) to construct a 136 million litres per day (MLD) sewage treatment plant on a design, build and operate basis," the company said in a statement. The project aims to improve the quality of treated sewage and save potable drinking water which is presently being used for gardening and irrigating green spaces in the city. In addition to constructing the 136 MLD sewage treatment plant, the scope of the project

Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

Dry dock project at Cochin Shipyard: Date of completion revised to Dec 2022

The company also said that due to the pandemic, both L&T and Sealord Diving and Salvage have notified "force majeure event" from March 22 onwards, which is still continuing

Defence stocks rally up to 11% as govt bans import of 101 defence items

"This decision will offer a great opportunity to the Indian defence industry to manufacture items on the negative list by using its own design and development capabilities," the govt said.

Decline in order inflow at L&T does not augur well for capital goods sector

Even though it was better than what analysts had expected, it still paints a bleak picture.