The project will produce 2,000 tonnes of ammonium nitrate daily, reducing imports, conserving foreign exchange, and strengthening India's energy and chemicals sectors
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 ...
The BJP's victory in West Bengal, wrote analysts at Nomura in a note, could lead to expectations of improved governance, ease of doing business and enhanced infrastructure spending.
Q4FY26 company results: Firms including Ajanta Pharma, Emcure Pharmaceuticals, SRF, United Breweries, Shoppers Stop and Raymond are also to release their January-March earnings today
L&T's top line is likely to see double-digit growth, supported by strong Core E&C performance, while earnings growth may remain modest on a year-on-year basis
Stocks to Watch today, April 30, 2026: Bajaj Finance, Adani Power, IIFL Finance, Indegene, and L&T are some of the key stocks to watch today
Acquisition of ₹1,123 crore adds Gurugram to co portfolio amid expansion
Infrastructure major Larsen & Toubro on Monday said one of its subsidiaries, L&T Realty Properties Ltd, has bought a 100 per cent stake in International Green Scapes Ltd (IGSL), unlocking 20 acres of prime land in Gurugram for real estate development. This is the first land acquisition in the National Capital Region (NCR) micro-market by L&T Realty Properties Ltd (LTRPL), and offers a development potential of about 3.6 million square feet. On April 10, Larsen & Toubro had announced that it had executed a Share Purchase and Shareholders' Agreement for the acquisition of a 100 per cent stake in International Green Scapes Ltd (IGSL) for Rs 1,123 crore. This acquisition will enable L&T Realty Properties to leverage the land owned by IGSL for enhancing and expanding its real estate development portfolio, L&T had said. L&T Realty Properties completed the acquisition on April 13, 2026. The NCR land acquisition significantly bolsters L&T's real estate portfolio
L&T's long-term outlook for the Middle East business remains robust with no news of project cancellations or payment delays, says brokerage firm JM Financial.
Over two weeks ago, L&T, in a media interaction, had said that it derives more than 35 per cent of its revenue from the Middle East region
The stock price of engineering and construction (E&C) major was trading higher for the third straight day, gaining 6 per cent during the period.
Elara said the Nifty50 is currently trading at around 17.3 times one-year forward earnings, nearly 7 per cent below its 10-year average of 18.6 times, placing it in a historical 'bounce zone'
L&T has secured a significant order for its water and effluent treatment (WET) business from the Guwahati Metropolitan Drinking Water & Sewage Board for a water management project in Assam
In the month of March, the stock price of L&T tanked 22 per cent from a level of ₹4,280 to ₹3,341.90 as of yesterday.
Kunal Kamble, technical analyst at Bonanza cautions against venturing into HDFC Bank stock for now due to a weak chart setup; while he sees support for Larsen & Toubro around ₹3,100 levels.
L&T stock was trading at ₹3,316.5, down 3.5 per cent against the previous session's close of ₹3,434.80
95% of sites are operating in its 'second home'; supply chain and logistics seen as key challenges, new opportunities likely post war
Amid concerns over a surge in import bill because of commodity price hardening in the wake of the Middle East conflict, Larsen & Toubro is hoping that the government continues with its capital expenditure even if it means a widening of fiscal deficit. The engineering, procurement and construction major feels the government should borrow more if needed to continue with capital expenditure, a senior official has said. "The import bill will go up because of oil and gas prices. The government will have to balance it. They will maybe temporarily raise the deficit, may be they will borrow more," its Deputy Managing Director Subramanian Sarma told reporters over the weekend. "Overall, if you look at it, our fiscal situation is pretty good... we have some headroom so that we don't compromise on the capital for the infrastructure," Sarma added. He also noted India has been able to curtail the fiscal deficit after the impact of the Covid pandemic. Spends on infrastructure are necessary to .
Engineering, procurement and construction major Larsen & Toubro has not seen any major business impact because of the ongoing Middle East conflict, as nearly 95 per cent of the projects are continuing to function, a top official has said. The company, which gets over 35 per cent of its revenue from the geography witnessing conflict after the US and Israel's attack on Iran and the subsequent retaliations, however, flagged logistics and supply chain as key challenges and noted revenue risks if the situation remains unchanged. L&T does not see any immediate impact on revenues as the 5 per cent of projects where work has been stalled do not contribute significantly to the topline, Subramanian Sarma, its deputy managing director, told reporters over the weekend. However, if the logistical issues do not get resolved in three months, there can be an impact through revenue deferment, he added. The top company official, who directly oversees the energy portfolio, declined to directly ..
For OMCs, analysts suggest the fall in stock prices reflects, to some extent, the pain on account of higher crude oil prices that surged past the $100 a barrel (bbl) mark