WebinarsNew
Explore Business Standard
Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged an order valued between Rs 2,500 crore to Rs 5,000 crore from the joint venture of state-owned Coal India Limited and Bharat Heavy Electricals Limited for the development of a coal-to-ammonium nitrate project in Odisha. The project is likely to produce 2,000 tonnes of ammonia nitrate per day, reducing import dependence, conserving foreign exchange and strengthening domestic industrial capabilities in energy and chemicals sectors. "L&T Energy Hydrocarbon Onshore has won large order from Bharat Coal Gasification and Chemicals Ltd (BCGCL), a joint venture of Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (BHEL)," the infrastructure firm said in a filing to BSE. The order encompasses the development of the nitric acid and ammonium nitrate Plant, to be executed on a lump sum turnkey basis. "Once operational, the facility will enable the conversion of coal into ammonium nitrate with a planned ...
State-owned BHEL on Monday posted a two-fold jump in consolidated net profit to Rs 1,290.47 crore during the quarter ended March 31, supported by growth in revenues. It had reported a net profit of Rs 504.45 crore in the same period a year ago, the company said in an exchange filing. During the fourth quarter, its total income surged to Rs 12,553.50 crore from Rs 9,142.64 crore in the January-March period of preceding 2024-25 financial year. For the entire FY26, the company's net profit jumped to Rs 1,600.26 crore from Rs 533.90 crore in the year ago. The board of the company also approved a final dividend of Rs 1.40 per share of Rs 2 each for the fiscal ended March 31, 2026. BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors.