Page 17 - L&t

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 ...

MNREGA jobs are short-term, only lasting solution is projects: L&T chief

In a Q&A, S N Subrahmanyan, MD and CEO of the engineering group says he expects govt and public sector capex to be lower by Rs 3-4 trillion this year

L&T board approves A M Naik's reappointment as non-exec chairman for 3 yrs

Naik's present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE

Larsen & Toubro Q4 consolidated Q4 net profit down 4% at Rs 3,430 cr

The company had clocked a consolidated net profit of Rs 3,586.48 crore in the year-ago period

L&T, IIT Kanpur collaborate for research in industrial cyber security

Will set up a Center of Excellence at IIT-K campus for research in Honeypot, intrusion detection systems, malware analysis, blockchain, vulnerability assessment and penetration testing

Mindtree founders drop promoter tag as firm reclassifies them as 'public'

Founders had requested for the reclassification in July last year after L&T took over the Bengaluru-based firm

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

L&T MBDA Missile System sets up integration facility in Tamil Nadu

Part of the Tamil Nadu Defence Industrial Corridor, the investment in the facility is yet to be disclosed

L&T profit before tax for Q3FY20 dips 5%, firm misses street estimates

After tax, the company reported a consolidated profit of Rs 2,353 crore, a jump of 15 per cent

L&T Infotech posts double-digit revenue growth in Q3, profit up marginally

During the quarter, operating margin of the L&T Group company improved 70 basis points to 16.2 per cent, owing to favourable cross-currency movement

Changes in BOT road contracts may not jumpstart private investment

Changed bidding and contractual guidelines for build-operate-transfer (BOT) road contracts are being finalised but big construction companies might, it is believed by observers, not be in a hurry to return to this segment.As for smaller players, they are occupied with hybrid annuity projects. The decisive factors in attracting private investment will be the stretches offered for bidding and projected traffic density.The new draft norms have been brought in to encourage private participation in BOT. Large highway developers (L&T, Hindustan Construction) had started avoiding these contracts, over delayed return on investment, rigid concessionaire agreements and legal disputes with governments.According to the draft Model Concessionaire Agreement, the National Highways Authority of India (NHAI) and the concessionaire would agree that in a financial default, the lender or banks can invite, negotiate and procure offers, either by private negotiations or public auction or tenders, for ..

L&T Finance raises Rs 15.03 bn in early closure of public issue of bonds

L&T Finance Ltd on Tuesday announced early closure of its public issue of secured non-convertible debentures (NCDs), garnering subscription of Rs 1,503.35 crore. L&T Finance, a wholly-owned subsidiary of L&T Finance Holdings, said tranche-I issue, which opened on December 16, has been oversubscribed and has received subscription amounting to Rs 1,503.35 crore. The subscription is 3.01 times of the base issue size of Rs 500 crore. High net worth individual (HNI) and retail categories are oversubscribed by 4.18 times and 3.04 times, respectively, of the base issue. These NCDs have been rated CRISIL AAA (stable), CARE AAA (stable) and IND AAA (stable) by Crisil Ltd, Care and India Ratings, respectively. "This NCD issue is a step in the company's overall strategic intent of building a retail liability franchise," L&T Finance said.

Not banking only on brand value, says L&T Realty CEO Shrikant Joshi

Firm is 'very cautious' on partnering stressed realty players as there is very high risk

L&T's construction arm bags contracts worth Rs 2,500 crore from clients

The company said its buildings and factories business has received an order for execution of mechanical works for a cement plant at Kurnool.

Top 10 biz headlines: Telcos pay spectrum dues, Vivo-Ogilvy spat, and more

From telcos paying their dues to the government to Vivo-Ogilvy spat, here are the top 10 business headlines on Wednesday