Page 10 - Larsen & Toubro (l&t)

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

L&T Technology Services reports double-digit revenue growth in Q3FY22

L & T Technology Services Limited (BSEHighlights for Q3FY22 include:Revenue at Rs 16,875 million; growth of 20% YoYUSD Revenue at $225.1 million; growth of 18% YoYEBIT margin at 18.6%; up 340 bps YoYNet profit at Rs 2,488 million; growth of 34% YoYInterim Dividend of Rs 10 per share; Record date January 27, 2022During the quarter, LTTS won a USD45 million deal and a total of 3 deals with TCV of USD10 million plus. Revenues from digital and leading-edge technologies stood at 56% during the quarter."We sustained our performance trajectory with sequential growth of 4.2% in constant currency led by strong demand across segments. The deal conversations and pipeline in our six big bets - Electric Autonomous & Connected Vehicle (EACV), 5G, Med-tech, AI & Digital Products, Digital Manufacturing and Sustainability - continues to see healthy improvement as our customers make steady progress on their long-term transformative journeys.We are expanding our EACV global presence with

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's arm dispatches mega tubular reactors to overseas plants

Larsen & Toubro (L&T) on Tuesday said that its heavy engineering arm has dispatched two large ethylene oxide reactors, weighing 1,200 tonnes each, from Hazira, Gujarat to a large petrochemical complex overseas. This was a repeat order after four identical reactors were supplied by L&T to the same client in 2020, during the first wave, the company said in a press release. "Such a repeat order is testimony of our unique ability to handle these large & complex equipment and customer's confidence in our reliable delivery performance even during the unprecedented COVID-19 pandemic," Anil V Parab, member L&T Executive Committee, Senior VP & Head Heavy Engineering said. The reactors were manufactured at L&T's heavy engineering complex located at Hazira near Surat. These highly complex reactors are crucial equipment for production of mono ethylene glycol in the petrochemical complex. "Our focus on high-end products, in-house development of distinctive ...

L&T Heavy Engineering bags significant orders in third quarter

Larsen & Toubro (L&T) on Wednesday said its heavy engineering arm has won significant contracts for its various business segments in the third quarter of the ongoing financial year. The modification, revamp and upgrade (MRU) business of L&T Heavy Engineering has been awarded an important contract by a key hydrocarbon sector customer in the Middle East, the company said in a statement. It covers detailed engineering, supply of critical equipment and components, leading into multi-disciplinary site work involving multiple staggered shutdowns during which the revamp work would be carried out. The MRU business has also been awarded a project for revamp of the FCC (fluid catalytic cracking) system for another important hydrocarbon sector customer in the Middle East. These wins strengthen L&T Heavy Engineering's position as a key player in the global MRU market. In the domestic market, the MRU business has been awarded the project for RFCC (residue fluid catalytic cracking) .

L&T's construction arm receives significant order from DMRC

L&T on Tuesday said its construction business has bagged a significant order from Delhi Metro Rail Corporation Ltd for the design and construction of the underground metro project Phase-1 of Patna Mass Rapid Transit System. The order has been awarded to heavy civil infrastructure business of L&T Construction, it said in a BSE filing. Larsen and Toubro (L&T) classifies a contract worth Rs 1,000-2,500 crore as a significant order. The project is being funded by Patna Metro Rail Corporation (PMRC) and, upon completion, will be operated by PMRC. "The major scope of work for the project comprises design and construction of twin tunnel...ramp at Rajendra Nagar and six UG metro stations viz, Rajendra Nagar, Moin Ul Haq Stadium, University PMCH, Gandhi Maidan and Akashvani along with other associated structures including architectural finishing, water supply, sanitary installation and drainage works on the new ISBT to Patna Station of Corridor-2 of Phase-1 of Patna MRTS," it ...

L&T power transmission, distribution biz bags orders in India, overseas

Larsen & Toubro (L&T) on Thursday said that its power transmission and distribution business has bagged a slew of orders both in India and overseas. An order has been secured to provide dynamic reactive power compensator system at a substation in Abu Dhabi, L&T said in a statement. To enhance the grid stability and provide voltage support, specialised equipment are deployed in substations, it said. The scope of this package includes related protection, substation control and monitoring system, 220kV cables and associated civil, mechanical, and electrical works. Further in the Middle East region, the business has won orders to construct 380kV Overhead transmission lines, 132kV network connections and to establish a 400kV substation. The business has also bagged an order to build a new 220kV gas insulated substation in Bangladesh. In India, orders have been won to create power distribution infrastructure in two circle areas of Bengaluru. Additional orders have also been ...

F&O: Bull Spread Strategy on L&T by Nandish Shah of HDFC Securities

Capital goods as a sector looking good on the chart

L&T losing to ill-equipped cos in India; isn't it a pity: A M Naik

Engineering major lost large domestic orders as technical-deficient rivals won tenders

L&T, ReNew Power ink partnership to tap emerging hydrogen biz in India

It is anticipated that green hydrogen demand in India for applications such as refineries, fertilisers and city gas grids will grow up to 2 million tonne per annum by 2030

Top headlines: India detects 2 Omicron cases; Paytm gets first 'Buy' rating

Business Standard brings you the top stories this evening

L&T signs pact with Tamil Nadu govt to build data centre at Kanchipuram

Larsen & Toubro (L&T) on Wednesday said it has entered into a pact with the Tamil Nadu government to establish a data centre in the state. L&T will establish 90 MW capacity data centres and associated units in a phased manner in Kanchipuram over the next five years. The company envisages to employ around 1,100 people -- 600 direct and 500 indirect -- in the project. Larsen & Toubro "has signed an MoU with the Government of Tamil Nadu to establish a data centre at Kanchipuram, Tamil Nadu," the company said in a filing to the BSE. The Government of Tamil Nadu will provide uninterrupted power supply and other infrastructure support on a best-effort basis that will bring tangible economic and social benefits to the people of state. "Tamil Nadu is on a growth trajectory, and we are delighted to partner with the Government of Tamil Nadu to propel this growth by building a data centre that will further trigger development by attracting investments and generating jobs for the .

L&T's construction arm bags significant orders for various businesses

Larsen & Toubro (L&T) on Monday said its construction arm has bagged significant orders for its various businesses in the country. "The construction arm of L&T has secured orders for its businesses in India," the company said in a statement. The company's metallurgical and material handling (MMH) business has bagged an engineering, procurement and construction order from NMDC Ltd. L&T "has been awarded an engineering, procurement and construction (EPC) order for 12 MTPA (million tonnes per annum) dry circuit systems on a turnkey basis for a screening plant (SP-III) from NMDC Ltd at their Kirandul Complex, Chhattisgarh," the statement said. The scope of work includes tertiary crushing, two-stage screening, stacking, reclaiming and dispatch of iron ore along with the associated civil, structural and other auxiliary facilities. This plant will be one of the largest iron ore handling plants and aims to ensure uninterrupted iron ore supply for different customers of ...

Stocks to Watch: Bajaj Finserv, NTPC, L&T, Titan, ITC, PNB, IRCTC, SBI Card

Apart from earnings candidates, auto and telecom stocks could be in focus on reports of chip shortage likely to linger for a longer period

L&T Q2 results: Consolidated PAT falls 67% YoY to Rs 1,819 crore

Exceptional income in year-ago quarter pulled down profit

Stocks to Watch: Bajaj Auto, Axis Bank, ITC, Maruti, L&T, SBI Life, Cipla

The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today

ESG goals: L&T aims to be carbon neutral by 2040 and water neutral by 2035

The company's aim to achieve carbon neutrality is much ahead of the Paris Agreement deadline of 2050

Private defence firms pitch their skills to senior military brass

Two private firms explained to the student officers, all of them of general rank, about how their companies were capable of contributing to self-reliance in the linked fields of aerospace and defence

A year after deal with L&T, Schneider sticks with '2 Brand 2 Sales Model'

As part of Rs 14,000-crore deal between L&T and Schneider Electric, brands associated with L&T and used by its E&A division would be available to Schneider for five years from August 2020

Building blocks in place for L&T stock to outperform

Improving balance sheet, likely rise in order flows and attractive valuations are among key positives