Page 16 - L&t

L&T construction arm bags orders worth up to Rs 5,000 cr in Bangladesh

Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged orders worth up to Rs 5,000 crore in Bangladesh. The power transmission and distribution business of Larsen & Toubro has won a slew of transmission line orders in Bangladesh, the company said in a regulatory filing. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. The scope of these packages involves design, supply, installation, testing and commissioning of extra high voltage transmission lines on turnkey basis, the company added. "As Bangladesh aims to achieve universal electricity access this year, the enhancement of power transfer capacity will improve the reliability and efficiency of the country's grid and facilitate integrated development of its capital and the economic growth centres. These projects will also give a fillip to the cross-border

L&T-owned Mindtree third quarter profit rises 29% to Rs 327 crore

L & T-owned digital transformation company Mindtree reported 28.7 per cent sequential growth in consolidated profit at Rs 327 crore for the quarter ended December 2020 as compared to Rs 254 crore in Q2 FY21.Consolidated revenue grew by 5.1 per cent quarter-on-quarter to Rs 2,024 crore and dollar revenue increased by 5 per cent to USD 274.1 million during the October to December period 2020.The bounce in numbers was backed by growth across verticals and robust margin expansion with a strong order book."The third quarter has by far been the best performing in recent years, backed by broad-based revenue growth of 5 per cent across verticals and service lines, robust margin expansion of 350 basis points and a healthy order book of USD 312 million (against USD 303 million in Q2FY21)," said Debashis Chatterjee, Chief Executive Officer and Managing Director."We are witnessing strong business momentum across all verticals with significant demand for cloud, data and analytics capabilities.

L&T bags up to Rs 5,000 crore order from Rail Vikas Nigam in Uttarakhand

Larsen & Toubro (L&T) on Monday said its construction arm has bagged an up to Rs 5,000 crore contract from Rail Vikas Nigam Ltd (RVNL) in Uttarakhand. The construction arm of L&T has secured a large order for its heavy civil infrastructure business from Rail Vikas Nigam Ltd (RVNL) for package 4 of the new broad-gauge line between Rishikesh and Karanprayag in Uttarakhand, India, the company said in a regulatory filing. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag, the company added. L&T said the entire project is to be completed within a stringent timeline of 60 months. "Establishing a rail link between Rishikesh and Karanprayag will not only facilitate easy access ..

L&T Hydrocarbon Engineering bags offshore contract from state-owned ONGC

The contract has been awarded through international competitive bidding on a lump sum turnkey (LSTK) basis

Larsen & Toubro lowest bidder for Rishikesh-Karnaprayag railway project

The Heavy Civil Infrastructure business of L&T Construction has emerged as the lowest bidder for a Package 4 of new broad-gauge line between Rishikesh and Karnaprayag, sources privy to the development said.

Pradhan flags off equipment for Indian Oil's MEG Plant at Paradip

Union Petroleum Minister Dharmendra Pradhan on Monday flagged off from L&T's Hazira plant in Surat district critical components bound for Indian Oil's MEG (mono-ethylene glycol) plant coming up at the refinery-cum-petrochemical complex at Paradip in Odisha. During his visit to Surat in Gujarat, the minister flagged off the equipment from the engineering and construction giant Larsen & Toubro's Hazira plant. "Flagged-off indigenously manufactured critical components from L&Ts Hazira manufacturing facility to @IndianOilcls MEG (mono-ethylene glycol) plant coming up at the refinery-cum- petrochemical complex at Paradip in Odisha," Pradhan tweeted after the visit. In a series of tweets, the Union Minister said the delivery of three super critical equipment -- Ethylene Oxide Reactor, Wash Tower and De-ethyleniser -- "will be a significant stride in the commissioning of the MEG project at Paradip refinery" and will help reduce MEG imports and also enhance the competitiveness of .

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