Stocks to Watch on September 8, 2023: As per a Business Standard report, L&T has secured a multi-billion-dollar contract from Saudi Aramco
The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback
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India became the first country to land a spacecraft near the moon's south pole with Chandrayaan-3
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'Now, all national sectors are of interest to me, for instance nuclear'
Citing a survey conducted in January, the L&T chairman said Modi's approval rating is highest at 78 per cent, which is way ahead of US President Joe Biden at 40 per cent
"International funds are available for infrastructure, and there is a benefit in terms of an electoral bias"
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The board also decided to give a special dividend of Rs 6 per share, which company executives said is to mark A M Naik's tenure at L&T
So far in this calendar year (CY23), shares of L&T surged 24 per cent, as against 9.1 per cent gain in the S&P BSE Sensex
With this package, L&T will execute 92% of the main line between Shilphata in Maharashtra and Ahmedabad in Gujarat
L&T has also commissioned the deep space network antenna at Byalalu in Karnataka required for exploratory missions
L&T's Kattupalli Shipyard, near Chennai, a major node in the Southern Defence Corridor, has been undertaking voyage repairs of the Military Sealift Command vessels, the firm said in a statement
AIP-driven submarines can remain underwater for up to two weeks before surfacing for battery charging
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Larsen & Toubro said the energy modules will be integrated into the AIP plug that will be retrofitted into the Kalvari submarine
Larsen & Toubro Group's non-bank financing vertical aims to maintain a compound annual growth rate (CAGR) of over 25 per cent predominantly by focusing on retail financing as a long-term strategy, a senior official said on Sunday. With the current growth rate, the retail portfolio of the group is estimated to reach Rs 1,00,000 crore by FY2025-26. "In FY23 we grew by 35 per cent. Our CAGR for the next few years will continue to be at least 25 per cent with the opportunities lying ahead," L&T Finance group CFO Sachinn Joshi told PTI. L&T Finance Group would predominantly become a retail finance company in the long term, gradually reducing the wholesale book from its existing portfolio, which is around Rs 19,500 crore now," he said. In the current fiscal year itself, he expects retail to reach 80 per cent of the total loan book, two years ahead of the target under its goal "Lakshya." The group's non-banking finance companies' loan book currently stands at about Rs 81,000 ...
Larsen & Toubro (L&T) on Monday said it has bagged large orders worth over Rs 2,500 crore in the domestic and offshore markets. The power transmission & distribution (PT&D) business of its arm Larsen & Toubro Construction has secured large orders to be set up on engineering, procurement and construction (EPC) basis, it said in a statement. In Saudi Arabia, the business has secured two orders to establish 380kV overhead power transmission lines connecting prominent cities situated on the Red Sea coast. Another order is to design, supply, and construct a 380kV substation in the central region of Saudi Arabia, the company said. "In India, the PT&D business continued its winning streak in the Revamped Reforms Based and Results-Linked Distribution Sector (RDSS) Scheme projects with fresh orders from a prominent Gujarat DISCOM. The scope of work involves modernization and development of distribution infrastructure in three districts of Gujarat's southern region," it .
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