L&T has a heavy exposure to migrant labour force, which is paid in cash
The shares of the company were trading 1.70 per cent higher at Rs 1,456 on BSE
Scepticism also stems from L&T's missed guidance in the last three financial years
Vessels to be built at the company's Kattupalli Shipyard, off Chennai
However, shares of the company were trading 0.41% lower at Rs 1,474.10 on BSE
In the international market, it has got a contract from the National Grid Saudi Arabia
Naik announces 5-year plan, with thrust on digitisation
LTHE has also tied up with international firms like GE and McDermott for deep-water projects on the east coast of India
The company is looking at mining top 30 accounts to grow its business, while looking at adjoining areas of opportunities for growth
Net profit surged 46% over a year but missed the analyst forecast due to adoption of Ind-AS
Says it is cautiously optimistic on India's outlook
Project is scheduled to be completed over a period of three and half years
The offer would comprise an offer for sale of up to 1.04 crore equity shares of face value of Rs 2 each by L&T
Company's 12.25 mn share offering attracted 132 mn bids from various investors as per exchange data
Price band for the issue, which would be open for subscription from July 11 to 13, has been fixed at Rs 705-710
Project scheduled to be completed in 48 months
Company's building and factories business won orders worth Rs 1,165 crore
A boost for the Indian firm, which is facing a slowdown in its key West Asia market due to low oil prices
Consolidated gross revenue rises 18% to Rs 33,157 crore, with progress in project implementation
After two years of NDA rule, company continues to view outlook as cautiously optimistic