Page 17 - L&t

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

L&T builds coast guard ship 'Varaha', its 51st offshore patrol vessel

During the coming weeks, Larsen and Toubro said the fifth OPV Varad which was launched was getting ready for taking up sea trials

L&T bags contract worth up to Rs 2,500 in Maharashtra and Odisha

Engineering and construction major Larsen & Toubro (L&T) on Thursday said it has procured 'significant' orders in Maharashtra and Odisha. According to the company's project classification, the total value of the 'significant' contract falls in the range of Rs 1,000 crore-Rs 2,500 crore. "The water & effluent treatment business of L&T Construction has secured orders from prestigious clients from two states in India," the company said in a statement. It said an EPC (engineering, procurement and construction) order has been bagged for the Gunjawani project piped distribution network, including the Narayanpur Lift Irrigation Scheme from Maharashtra Krishna Valley Development Corporation-WRD, Pune. The scope includes survey, investigation, design, procurement and construction, it said and added the business has also been mandated to prepare all the relevant documents to form a water user association for the command area, to build the capacity of farmers to attain the ...

Despite several headwinds, analysts are turning positive on L&T stock

The company has been winning large-ticket orders lately, though the orders bagged, so far, are less than the year-ago level

L&T's construction arm bags contract for Navi Mumbai International Airport

Infrastructure major L&T on Tuesday said its construction arm has bagged the contract for construction of the Navi Mumbai International Airport. The company did not provide value of the contracts but said the orders fall under "major" category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts. "The transportation infrastructure and buildings and factories businesses of L&T Construction have secured a prestigious project from the Navi Mumbai International Airport Private Ltd (NMIAPL) for the engineering, procurement and construction of the greenfield Navi Mumbai International Airport at Navi Mumbai," L&T said in a regulatory filing. The passenger terminal building is being developed to initially handle a capacity of 10 MPA (million passengers per annum). The project will subsequently be enhanced to handle 20 MPA, the company added. Shares of the company were trading at Rs 1,314 apiece, down 1.06 per cent, from their previous close

L&T JV bags order for THDC India's super thermal power project in UP

This is the second power engineering, procurement and construction project that L&T has won in the current financial year

L&T bags 'significant' order from NTPC to set up FGD system at MP plant

Infrastructure major Larsen & Toubro (L&T) on Monday said its power business has bagged a "significant" order from NTPC to set up flue gas desulphurisation system at Vindhyachal Super Thermal Power Station in Madhya Pradesh. L&T has received engineering, procurement and construction (EPC) order to set up flue-gas desulphurisation (FGD) system at Vindhyachal Super Thermal Power Station at stage-I & II (6x210 mega watt (MW) & 2x500 MW, the company said in a BSE filing. This is in continuation to the order received for Stage III 0 IV (2x500 MW 0 2x500 MW) in September last year, it added. The company did not provide value of the contracts but said the orders fall under "significant" category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts. L&T said installation of FGD systems in existing and upcoming thermal power plants has been made mandatory by the Ministry of Environment, Forest and Climate Change (MoEFCC), ...