Page 4 - Larsen And Toubro

Larsen & Toubro dispatches six of world's largest coke drums to Mexico

Larsen & Toubro (L&T) on Thursday said its heavy engineering arm has dispatched six of the world's largest coke drums to Mexico. These coke drums were successfully manufactured during the COVID-19 pandemic at L&T's state-of-the-art Heavy Engineering Complex located at Hazira near Surat, the company said in a statement. "The heavy engineering arm of Larsen & Toubro, dispatched six of the world's largest coke drums weighing 658 tons each for a refinery project in Mexico ordered by PTI Infraestructura de Desarrollo, (PTI-ID), a subsidiary of the Mexico's state-owned oil company PEMEX (Petrleos Mexicanos)," the statement said. These coke drums are part of a delayed coking unit in the PEMEX Dos Bocas Refinery Project, which will convert the residue from the combined distillation plant into higher-value products. "We thank PTI-ID for reposing faith in L&T for supplying world's largest Coke Drums for such prestigious project. It's heartening to have lived up to the ...

L&T bags two 'mega' offshore orders from overseas client

A consortium led by LTHE, a wholly-owned arm of Larsen & Toubro, has bagged two mega offshore orders from a prestigious overseas client. The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore. The scope of work comprises engineering, procurement and construction (EPC) for new facilities and integration with existing installations, Larsen & Toubro (L&T) said in a statement. LTHE is currently executing several domestic and international offshore projects. It is also committed to building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload. Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering & technology (AdVENT) ...

L&T Infotech Q2 net profit rises 21% to Rs 552 cr, revenue up 26%

'We report the strongest sequential revenue growth and best ever Q2 of 8.9% in constant currency terms,' says company CEO

L&T Q1 consolidated net surges four-fold at Rs 1,174 cr on higher revenue

The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year

L&T Q1 Results: Consolidated net profit soars 287% YoY to Rs 1,174 cr

The consolidated order book of the group was at Rs 3.23 trillion as on June 30, 2021, with international orders at 20% of the total order book

Here is a Bull Spread strategy on L&T by HDFC Securities

The stock price has broken out on the daily chart with higher volumes where it closed at all-time high levels

Guidance revision, margin show help L&T Tech outperform peers in Q1

Investors advised to await a correction and hold the stock for long term to benefit from the demand uptick in the niche engineering, research and development space

Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr

Unit was founded as a startup with broad digital capabilities within L&T. It has played a key role in applications of IoT tech and digitalisation of many of L&T's operations

Lifetime achievement award: Meet AM Naik, the Oracle of Indian engineering

A M Naik transformed L&T into an aggressive private sector company run by professionals, with a continuous focus on shareholder returns

Losers and gainers in Indian industry as fuel prices climb to record high

Expensive retail fuel can trigger inflation, hurting a fragile economic recovery. Devangshu Datta explains who loses - and gains somewhat - when prices rise

Riding on high growth: Key gainers from the Budget 2021 proposals

A focus on localisation and increase of duties in select sectors are also expected to boost manufacturing across sectors.

L&T Q3 profit rises 5% YoY to Rs 2,467 cr on record quarterly order inflow

The Group order inflow for the quarter ended December 31, 2020 registered a strong growth of 76 per cent over the corresponding quarter of the previous year and stood at Rs 73,233 crore

L&T Q3 results today: Strong order inflow, liquidity management may aid nos

Analysts at HDFC Securities forecast a 71.5 per cent sequential growth in Larsen and Toubro's consolidated net profit at Rs 1,980 crore for the quarter under review

L&T trades higher for seventh straight day; stock hits over 9-month high

In the past one month, L&T has outperformed the market by gaining 15 per cent as against a 6-per cent rise in the S&P BSE Sensex

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

L&T shipyard completes order for 54 fast interceptor boats ahead of time

The FICs delivered to the Coast Guard are 90-tonne vessels that can patrol the coastline at a scorching speed of 45 knots

L&T bags Rs 7,000-cr order to construct part of Bullet Train project

Infrastructure major Larsen and Toubro (L&T) on Thursday said it has bagged an order worth over Rs 7,000 crore to construct a part of the Mumbai-Ahmedabad High Speed Rail (MAHSR), also known as the Bullet Train Project. The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, the mega project is of over Rs 7,000 crore. The transportation infrastructure business of L&T Construction has secured mega contract from the National High-Speed Rail Corporation Ltd (NHSRCL) to construct 87.569 km of the MAHSR project, L&T said in a regulatory filing. The scope of the order includes the construction of viaducts, one station, major river bridges, maintenance depots, and other auxiliary works. The approximately 508 km Mumbai-Ahmedabad High-Speed Rail project will cover Maharashtra, Union Territory of Dadra and Nagar Haveli and Gujarat, with 12 stations along the route. Upon completion, the ...

Lockdown blues over, economy improving: Winners of Business Standard awards

Larsen & Toubro won the Company of the Year award and Wipro founder Azim Premji won the Lifetime Achievement award

Business Standard Awards: Watch the winners share their vision for future

Join us for an insightful discussion with the best in business: The winners of this year’s BS Awards

L&T continues to suffer from slowdown in India's infrastructure sector

At consolidated level, L&T reported net profit of Rs 1,410 crore, down 45 per cent YoY, excluding gains from asset sale, while net sales were down 12 per cent YoY