Although the company did not mention the exact value of the contract, according to its project classification, the value of a large order ranges between Rs 2,500 cr and Rs 5,000 cr.
The company's business is broadly divided into three baskets - engineering, procurement and construction (EPC) projects, manufacturing and defence, and services
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The group has become a model for the global construction industry on how to transform itself by using cutting-edge technologies.
The ability to forge partnerships with large technology firms in niche areas and strong leadership are seen as the factors behind these optimistic projections
The much-awaited grand Ram temple in Ayodhya will be constructed by construction giant Larsen and Toubro (L&T).
For ITC, keep a stop at 196.5 and go long
In the last nine months, L&T has underperformed the market by falling 22 per cent, as compared to a 2 per cent rise in the benchmark S&P BSE Sensex
Infrastructure giant Larsen & Toubro (L&T) on Friday said it has entered into a pact with ideaForge, domestic unmanned aerial vehicles manufacturer, to offer drones and allied systems for defence use. "L&T and ideaForge...have entered (into) an MoU (memorandum of understanding) to offer drones and allied systems for defence use," the company said in a filing to the BSE. Both companies will combine their strengths to offer hi-tech integrated drone solutions to enhance security and surveillance. They will also offer anti-drone solutions to counter the threat of malicious or unintended usage of drones. "The MoU involves collaboration on technology, products, deployment and go-to-market strategies," it said. It will unlock the full potential of unmanned systems in security, surveillance and protection solutions. With the ever-increasing adoption of drone technology, the partnership will redefine the landscape of unmanned systems. "We are teaming as partners of choice to ...
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
In India, the company serves customers such as stock exchanges, brokers, non-banking financial companies, financial services and insurance, IT and IT-enabled services.
The stock was trading at its lowest level since February 26, 2019
The stock of construction & engineering company was trading at its lowest level since August 26, 2019.
The company said its buildings and factories business has received an order for execution of mechanical works for a cement plant at Kurnool.
On August 31, the GVK group-led Navi Mumbai International Airport awarded the airport's engineering procurement and construction contract to Larsen & Toubro
A total of 82 separate bids received, with 10 contenders bidding for all six packages of the project
At the fundamental level, analysts say the government's move to slash corporation tax rate from 35 per cent to 25.2 per cent (including surcharge) augurs well for India Inc
The defence ministry has lost sight of what it intends to achieve via the strategic partnership route in manufacturing
It is going to take a year or a year and a half before accelerated spending for development comes, says Naik
While order inflow was healthy led by domestic projects, improved execution in select private sector and power segment supported growth