Page 16 - L&t

Larsen & Toubro wins 'significant' contract in Chhattisgarh

Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said it has won a 'significant' contract in Chhattisgarh. The company did not provide the exact contract value. However, as per its classification, a significant contract ranges between Rs 1,000 crore to Rs 2,500 crore. "The Water and Effluent Treatment business of L&T Construction has secured an EPC (engineering, procurement and construction) order involving design, engineering, supply and installation of plant and equipment to lay 135 km of slurry pipeline and water pipeline systems between Bacheli and Nagarnar and associated facilities in the state of Chhattisgarh," the company said in a statement. L&T is already executing a pumping facility as part of another package for the same client in the same area that involves supply of positive displacement pumps and construction of a slurry pump house, it added. L&T is an Indian multinational engaged in EPC projects, manufacturing, defence and ..

Trading ideas by Nilesh Jain of Anand Rathi: Buy L&T, IDFC First Bank

L&T stock has witnessed a build-up of long positions with the addition of 6 per cent open interest

L&T Construction 3D prints India's first building with reinforcement

This achievement will certainly give a huge fillip to the mass housing segment, said the company

L&T Hydrocarbon is the lowest bidder for HPCL Rajasthan Refinery

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has emerged as the lowest bidder for HPCL Rajasthan Refinery Ltd's two engineering, procurement, construction and commissioning (EPCC) packages, coming up at Barmer in Rajasthan, according to sources.

L&T bags orders for supply of 90 units of Komatsu Mining Equipment

Infrastructure major Larsen & Toubro (L&T) on Monday said it has receivedorders for supply of 90 units of Komatsu Mining Equipment. "The construction and mining equipment business of Larsen a Toubro... hassecured multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries, leading Infra companies engaged with the coal sector and customers from the cement and iron ore sectors," L&T said in a BSE filing. The company, however, did not disclose the value of the orders received. L&T MD&CEO S N Subrahmanyan said receipt of these orders from customers across various sectors "is a strong indication of the revival taking place in the mining industry, driven by the progressive and supportive policies of the Government of India." The company had recently won an order to supply 46 units of Komatsu Mining Equipment from Tata Steel. Shares of L&T were trading 0.93 per cent higher at Rs 1,159.90 apiece on BSE.

L&T sells UK-based marine automation solutions provider Servowatch Systems

Servowatch is headquartered in Heybridge, Essex, United Kingdom (UK) and has 44 employees in the UK and India

Larsen & Toubro is lowest bidder for road bridge over river Brahmaputra

Engineering and construction giant Larsen & Toubro has emerged as the lowest bidder for a Rs 3,200 crore project to build a road bridge over the Brahmaputra river, according to an NHIDCL official. It will be one of the longest road bridges over a river in the country and on completion will connect two eastern states - Assam and Meghalaya. "Larsen & Toubro has emerged as the lowest bidder for about Rs 3,200 crore four-lane road bridge across river Brahmaputra from Dhubri to Phulbari on NH 127 B," the National Highways & Infrastructure Development Corporation (NHIDCL) official said. The project is being financed by Japan International Cooperation Agency (JICA). The proposed around 18 km bridge, which is considered as strategic, will connect Assam and Meghalaya, reducing the detouring road distance by about 203 km from Dhubri to Phulabari, which lie on the either side of the Brahmaputra before it flows into Bangladesh.

L&T Q2 net profit declines 45% to Rs 1,410 crore on Covid-19 impact

Engineering and construction giant Larsen & Toubro (L&T) on Wednesday posted a 45 per cent decline in consolidated net profit to Rs 1,410.29 crore for the quarter ended September, hit by the COVID-19 pandemic. The company had clocked a net profit of Rs 2,551.67 crore in the year-ago period, it said in a regulatory filing. "Net Profit After Tax (PAT) and share in profit / (loss) of joint ventures / associates from continuing operations before exceptional items for the quarter is at Rs 1,410 crore, registering a sequential improvement of nearly 4 times reflecting pickup in the business momentum. "However, the impact of pandemic in terms of lower revenue, higher credit provisions in the Financial Services business and disruption of the Metro services, led to decline of 45 per cent vis--vis reported PAT of corresponding quarter of the previous year at Rs 2,552 crore," the company said in a statement. Total consolidated income fell to Rs 31,593.77 crore in July-September quarter, ..

L&T Q2 preview: PAT may fall up to 64.1% YoY; dividend announcement eyed

Emkay Global estimates net sales (revenue) to come in at Rs 34,188.6 crore, down 3.2 per cent on a year-on-year (YoY) basis.

L&T to take up special dividend plan at its upcoming board meeting

The company did not disclose further details or the rationale for the move

L&T bags multiple orders across business verticals in domestic market

Infrastructure company Larsen & Toubro (L&T) on Monday said it has received multiple orders across various business segments in the domestic market. The company did not provide the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. "The construction arm of L&T has secured (significant) orders from prestigious clients for its varied businesses,"L&T said in a regulatory filing. The waterand effluent treatment business of L&T Construction has secured a repeat orderfrom Narmada Water Resources, Water Supply & Kalpsar Department,Government of Gujarat to execute the TapiKarjan Pipeline Link Irrigation Scheme, it said. The project envisages to irrigate 16,919 hectares of command area in the districts of Tapi and Surat in Gujarat by lifting 14.2 cubic meters per second (cumec) of water from the Ukai reservoir, the company added. L&T ...

Eight companies bid to build 28 bridges for Bullet train project: NHRSCL

The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday

Larsen and Toubro bags significant contract by Ministry of Defence

The defence arm of Larsen & Toubro has been awarded a significant contract by the Ministry of Defence for the supply of four regiments of Pinaka weapon systems.The contract involves the supply of Pinaka launchers, battery command posts and associated engineering support package. The system has been indigenously developed by L & T as part of Pinaka development programme of Defence Research and Development Organisation (DRDO) and functions as a high-tech, all-weather, long-range area fire artillery weapon system."As a proponent of Atmanirbhar Bharat philosophy from inception and a practising Make-in-India company, we have been associated with the Pinaka programme since its development in the 1990s and induction in armed forces and serial production since a one-and-a-half decade," said J D Patil, Member of the board and Senior Executive Vice President (Defence a Smart Technologies) at L & T."We continue to live up to our ethos to build strong India and commitment to the ...

IT firms lead IIM-A's one-year executive MBA final placement with 42 offers

Concluded in July, IIM-A releases audited placement report

Import curbs on 101 defence items open big avenue for L&T, Bharat Forge

PSUs, such as BEL, are already seeing good order flows

L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.

Covid-19 impact: L&T pre-tax profit plunges 66% to Rs 894.46 cr in Q1

The company's net profit at Rs 303.14 crore for the quarter under review, was 79 per cent lower than the net profit of Rs 1,472.58 crore reported last year

L&T announces three new board-level appointments in key business verticals

The new appointments have been made after Shailendra Roy, whole-time director, ceased to be a director of the company on account of his superannuation

L&T Board inducts Subramanian Sarma as Executive Director, promotes others

Sarma said L&T's power business has carved a niche for itself as an EPC player backed by strong and indigenous manufacturing capability

Was apprehensive about bidding for ITER's cryostat contract: L&T's Naik

Larsen & Toubro non-executive chairman A M Naik on Tuesday said he was "apprehensive" about bidding for Rs 1,338-crore ITER's cryostat contract for the world's largest experimental thermo-nuclear fusion reactor in France as it was considered as "too risky" a bet. The company, which bagged the contract in 2012from ITER India, a wing of Department of Atomic Energy,to manufacture and install the cryostat, on Tuesday flagged off the last delivery of top lid sectors of the cryostat to the facility in France. Naik, who had joined the flag off ceremony through a virtual platform, recollected the days of 2011 when he was in doubt whether the company should bid for the project or not. "At the time when we were quoting in 2011, this project was perceived by L&T and by me in particular...if you want to call me a culprit...as a risk. The contract included construction of large temporary workshops in France within two years of award of contract with capacity of 200 MT and I was very ...