Page 2 - Larsen & Tourbo

L&T may gain from China's loss of Delhi-Meerut Rapid Rail project

The border standoff is casting a shadow on economic ties between the two neighbours

Market Ahead, June. 1: Top factors that could guide markets this week

SGX Nifty, which is up 130 points, is indicating a stronger opening for the Indian indices today

L&T turns to international business, financial services to power growth

Faced with a sluggish local market, L&T has turned to international business, software and financial services to power growth

L&T plans to become asset light, reduce debt by Rs 30,000 crore

To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT

Nifty outlook and stock pick by Angel Broking: Buy Larsen & Toubro

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

We expect L&T's Isro business to grow at least sixfold: J D Patil

Isro is going to ask private players to assemble small rockets right away, says the senior executive vice-president of L&T's defence segment

L&T Construction bags large contracts from clients in Delhi, other states

Infrastructure giant Larsen & Toubro (L&T) Thursday said its construction arm has bagged "large" contracts from multiple clients in the domestic market. The engineering and construction company, however, did not provide the exact value of the contract; but as per its project classification, the value of the contracts were in "large" category which is in the range of Rs 2,500 to Rs 5,000 crore. The buildings and factories business has secured an order for the construction of campus development of IIT Hyderabad at Kandi, Telangana, L&T said in BSE filing. L&T said its buildings and factories business has received another order from an Indian Real Estate development company for the construction of "Asset 13 project" at Aerocity, New Delhi. The project consists of hotel building, office complex, international conference and business centre as well as multi-level car parking spaces. The project has to be completed in 22.5 months. The company further said that the business ..

L&T to seek expert opinion to review Cognizant bribery case probe

L&T said its management presented all details of its construction contracts with Cognizant as well as details regarding the ongoing proceedings before the US Department of Justice

L&T shares shrug off buyback rejection; shares end marginally lower

Sebi's cancellation of buyback was on account of difference in interpretation of the law, said company sources and analysts

PM Modi inaugurates L&T's howitzer gun-manufacturing unit in Surat

Prime minister Narendra Modi inaugurated the howitzer gun-manufacturing unit of Larsen & Toubro (L&T) at Hazira in Surat on Saturday. L&T had won the Rs 4,500-crore contract to supply 100 units of the K9 Vajra-T 155 mm/52 calibre Tracked Self-Propelled gun systems to the Indian Army in 2017. The company has set up the Armoured Systems Complex at its Hazira facility, around 30 km from Surat, to manufacture the guns. The Armoured Systems Complex is the first such facility in the country's private sector, an official said.

L&T Hydrocarbon arm bags two orders from Saudi Aramco for undisclosed sum

Larsen & Toubro (L&T) Hydrocarbon Engineering Tuesday said that it has, in consortium with Subsea 7, has bagged two projects from the world's largest oil company Saudi Aramco. The company, however, did not share the value of the contracts. "The award (of projects) consists of engineering, procurement, construction and installation (EPCI) of three oil production deck manifolds and subsea pipelines in Zuluf and Berri fields of Saudi Aramco," L&T said in a BSE filing. L&T Hydrocarbon Engineering is a wholly-owned subsidiary of Larsen & Toubro. This is the fifth award for the consortium and provides for significant pipeline projects for the firms, the company said. "At present, there are four offshore contracts under execution by the consortium for Saudi Aramco under the long-term agreement," it added. Shares of L&T were trading 0.41 per cent higher Rs 1,339.45 apiece on BSE.

Benagluru's top developers bid for L&T land in a deal worth Rs 8-10 bn

The land has development potential of 4 million square feet, and it could become the largest land deal in south India this year

L&T divests stake in L&T Tech to meet 25% minimum public shareholding

L&T has time till September 2019 to bring down its stake to at least 75%

BSE Capital goods index hits 18-month high; BHEL at 52-week high

In past five trading sessions, the capital goods index rallied 5.2% against 2% rise in Sensex

L&T Tech may file for offer on Friday

Following the successful initial public offering (IPO) of L&T Infotech, engineering major Larsen & Tourbo (L&T) is ready to take another group company public. According to sources, L&T Technology Services will file the draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) on Friday. The IPO size could be between Rs 900 and Rs 1,000 crore, said sources. L&T Technology operates in the niche engineering research and development space. SBI caps, JM Financial, Kotak Mahindra and Bank of America Merrill Lynch are the investment bankers to the IPO. L&T successfully divested a little over 10 per cent in its IT services arm L&T Infotech through an IPO, which closed on Wednesday. L&T Technology Services' had clocked revenues of $470 million for FY16.