Page 11 - Larsen & Toubro (l&t)

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 ...

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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

India probes L&T's employee welfare arm for alleged fraud

The Registrar of Companies has issued a notice to two companies -- LandT Welfare Co Ltd. and L&T Employees Welfare Foundation -- seeking their response

L&T hits record high on order win from Technip Energies

In two days, the stock has gained 4% after L&T announced divestment of 100% stake in its 99 MW hydro power plant located in Uttarakhand to Renew Power for the sale consideration of Rs 985 crore.

L&T sells Singoli-Bhatwari hydro project to Renew Power for Rs 985 cr

Larsen & Toubro on Wednesday announced divestment of 100 per cent stake in 99 megawatt run-of-the-river hydroelectric power plant owned by its subsidiary L & T Uttaranchal Hydropower Ltd (LTUHPL) to Renew Power Services Pvt Ltd.This is in line with the declared L & T focus of divesting non-core assets and improving shareholder value. The transaction is subject to completion of customary closing conditions and closing is expected to take place before September 30.The sale consideration is Rs 985 crore, L & T said in a statement."This development is a significant step in our effort to unlock the value of some of our power development assets to streamline and allocate capital to create long-term value for our shareholders," said Whole-time Director D K Sen."It represents our strategic effort to increase focus on our core strengths and exit others to move towards becoming a more asset-light organisation."Sumant Sinha, Founder, Chairman and CEO of ReNew Power, said given .

Larsen & Toubro up for third straight day; stock nears record high

L&T remain optimistic about the Government's intent to complete around 7400 projects as envisaged in the National Infrastructure Pipeline, aggregating to Rs 111 trillion by FY25.

L&T Construction bags 'significant' orders for various businesses

Larsen and Toubro (L&T) on Thursday announced that its construction arm has secured 'significant' orders for its various businesses. The company did not provide the value of the contracts, but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. The water and effluent treatment business has won a repeat order from the Uttar Pradesh State Water & Sanitation Mission (SWSM) to implement rural water supply projects providing functional house tap connection under the Jal Jeevan Mission, the company said in a statement. The buildings and factories business has secured an order from a reputed developer to construct residential towers in Mumbai's suburb of Mulund, it said. The scope of the work includes construction of the civil structure including waterproofing, masonry and plastering for seven residential towers with a built-up area of 4.3 million square feet comprising a basement, .

Indices snap three-day winning run as heavyweights stumble; L&T falls 1%

The 30-share benchmark ended 282.63 points or 0.54 per cent lower at 52,306.08 in choppy trade. The NSE Nifty declined 85.80 points or 0.54 per cent to 15,686.95

L&T extends gain after winning significant contracts for various biz

While the company did not disclose the value of the order, it generally classifies them significant, if the value is in the range of around Rs 1,000-2,500 crore

Larsen & Toubro rallies 15% in a month, nears record high

L&T was up 2 per cent at Rs 1,538 on the BSE, trading close to its all-time high level of Rs 1,593 touched on February 2, 2021

Analysts bullish on L&T post good operational show, strong balance sheet

27 of 28 analysts polled by Bloomberg have an add, outperform recommendation

L&T shares decline over 3% amid profit booking post March quarter results

The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore

Stocks to watch: L&T, DRL, UPL, Eicher Motors, Happiest Minds, Tata Power

Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 amid a second Covid wave