Page 4 - L&t

L&T Finance net profit rises 2% in Q1FY26, margins and fees moderate

L&T Finance posts Rs 701 crore consolidated net profit in Q1FY26, a 2% rise YoY, as NIM plus fees decline and disbursements dip in rural segment

Rishikesh-Karanprayag rail link: L&T sets world record in tunnel building

The construction firm Larsen and Toubro achieved a remarkable feat on the Rishikesh-Karnaprayag Rail Link project on June 29, a day ahead of the baseline schedule, setting a new world record in tunnel construction using a single-shield hard rock tunnel boring machine. "The TBM Team has broken the world record by achieving a maximum progress of 790 metres in a month (31 days) using Single Scheid Hard Rock TBM named Shiv," S V Desai, the Whole Time Director, L&T Limited, told PTI on Tuesday. The company officials stated that this was the first time that anywhere in the world a single-shield hard rock tunnel boring machine (TBM) was used in such an efficient manner. "In the last leg of the boring work in the month of May-June for the longest rail tunnel of the country, the TBM, named Shiv, excavated 790 meters in 31 days and achieved a breakthrough," Rakesh Arora, Project Director, added. This 13.09-km-long tunnel is the downline one, running parallel at a 25-metre distance from the .

Larsen & Toubro mulls another ESG bond issue after debut attracts premium

MUMBAI (Reuters) -Indian infrastructure major Larsen & Toubro could raise funds through environmental, social and governance bonds again, after its first-ever issuance of the notes was sold at a premium, a company spokesperson said on Wednesday.

L&T secures land in Gujarat for green hydrogen, ammonia projects

Larsen & Toubro (L&T) on Tuesday said it has secured a land in Kandla, Gujarat for development of green hydrogen and green ammonia projects. The government is actively promoting green hydrogen as a clean energy source, with initiatives like National Green Hydrogen Mission and pilot projects focused on its use in transportation. Addressing the shareholders, company's Chairman & Managing Director S N Subrahmanyan said L&T has made significant advances in emerging clean energy segments, particularly green hydrogen and small modular reactors (SMRs). Electrolyser manufacturing is already in progress, giving the company a first-mover advantage in Green Hydrogen, he said. "A landmark development was the regulatory approval from US Department of Energy for the transfer of SMR technology to India. With L&T figuring among the only three eligible Indian companies for this, this signals the formal start of our SMR journey empowering us to lead the commercialisation of nuclear .

L&T bags up to ₹2,500 crore order from JSW Energy for heavy civil unit

L&T's Heavy Civil Infrastructure unit wins ₹1,000-2,500 crore order from JSW Energy for the Bhavali Pumped Storage Project (PSP) in Maharashtra, boosting hydroelectric capacity

L&T raises Rs 500 cr through first listed ESG bond under new Sebi norms

Larsen & Toubro issues Rs 500 crore ESG-linked bond, the first listed deal under SEBI's new framework, setting benchmarks for transparency and sustainability in India's bond market

Dividend stocks: TCS, L&T, 24 others to go ex-date next wk; do you own any?

Tata Motors, TCS, Tata Steel, L&T, Dr Lal PathLabs, Nuvama Wealth Management, HDFC Asset Management Company, and 19 other companies are set to remain in focus following their dividend announcements

L&T board pay jumps two-fold in FY25, employee headcount shrinks 1.4%

The median remuneration for key managerial personnel (KMP) rose 7.7 per cent to ₹1.85 crore, with one executive listed under this category

Indian giants L&T, Afcons win big in West Asia's $235 billion infra push

L&T focuses on transport and energy in Saudi Arabia, UAE; Afcons eyes Dubai Sewerage Project and urban tunnels as West Asia's project pipeline booms

We are sowing the seed for the future, says L&T's Subramanian Sarma

A few weeks ago, we had a meeting with the Ministry of Power and the minister was talking about adding 30 gigawatt (Gw) of additional thermal power capacity in India as the demand is rising

Street positive on Larsen & Toubro despite near-term concerns

L&T is optimistic about the GCC region for renewable, clean energy and transmission projects

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T posted a 25 per cent YoY rise in Q4 net profit to Rs 5,497.3 crore, driven by strong revenue, record order inflows and an exceptional gain from asset impairment reversal

L&T-Cloudfiniti partners with three AI startups to drive digital innovation

Larsen & Toubro on Tuesday announced its division L&T-Cloudfiniti has partnered with three leading Artificial Intelligence (AI) startups, including one based in Europe. The partnerships have been established with Hanooman AI, CoRover, and Pidima AI. The collaborations will focus on developments in healthcare, life sciences, vertical AI, and conversational technologies in India and across the globe by harnessing cutting-edge AI models to transform key industries and drive digital innovation in multiple sectors, Larsen & Toubro (L&T) said in a filing to BSE. The partnership between L&T-Cloudfiniti and Hanooman AI, an AI startup in the healthcare and life sciences space, will leverage the latter's advanced AI-powered tools to accelerate healthcare transformation in India. By integrating AI-driven insights into healthcare practices, Hanooman will improve patient outcomes, optimise treatment pathways, and advance medical research in life sciences, it said. With its ...

L&T share price rises 3% on securing 'Large' order from Brigade Group

The rise in the L&T share price came after the company's Buildings & Factories (B&F) vertical secured a large order (ranging ₹2,500 crore - ₹5,000 crore) from the Brigade Group

L&T targets 150 MW data centre capacity by 2027, to utilise land banks

At present, L&T has two operational data centres-Mumbai and Chennai-with a combined capacity of 32 MW

L&T offers one-day menstrual leave for women employees in parent group

L&T Chairman SN Subrahmanyan announced a one-day paid menstrual leave for women employees in the parent company, benefiting around 5,000 staff; subsidiaries remain excluded

Larsen & Toubro wins major power transmission orders in India, overseas

In India, L&T has been awarded a contracts in UP and southern India, while overseas, L&T has secured projects in Saudi Arabia and UAE

Capgemini CEO backs 47.5-hour workweek, promises no emails on weekends

Chief Executive of Capgemini India Ashwin Yardi dismisses 70-90 hour workweeks, advocating for a 47.5-hour workweek and discouraging weekend emails while emphasising work-life balance

LTTS eyes $3 bn revenue in near term; to add 2,000 freshers this year

LTTS expects FY25 revenue growth of near 10 per cent in constant currency terms, including contribution from Intelliswift

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash

A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25