Page 11 - Larsen & Toubro (l&t)

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

L&T's Q4 revenue expected to grow on the back of higher execution

Rising commodity prices may weigh on profitability

Mirages in corporate governance

The issue of separation of powers between corporate owners and professional managements has become a hardy perennial in the Indian corporate governance discourse

How 3D printing technology is changing the construction landscape in India

Tvasta, a startup incubated at IIT-M and L&T Construction, believes that 3D printing in construction is the answer to India's housing issue

NHAI suspends key personnel of L&T, AECOM after Dwarka Expressway mishap

The National Highways Authority of India (NHAI) on Sunday said it has suspended key personnel of developer Larsen & Toubro and supervision consultant AECOM after a portion of an under-construction elevated road on Dwarka expressway collapsed this morning. It said the personnel were suspended pending the outcome of investigation by an expert committee being constituted to probe the incident. A portion of an under-construction elevated road on the Dwarka Expressway collapsed here on Sunday morning, injuring three workers. "Authority has viewed the incident seriously and pending the outcome of the investigation by the committee, the concerned key personnel of the Contractor M/s L&T and Supervision Consultant M/s AECOM have been suspended as per Standard Operating Procedure (SOP) of NHAI," the NHAI said in a statement. The accident site is being secured with necessary precautions taken to prevent any further damages, the statement said. It said: "An unfortunate incident happened ..

L&T bags multiple orders across business segments in domestic market

Infrastructure company Larsen & Toubro (L&T) on Tuesday said it has received multiple orders across its business segments in the domestic market. 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 construction arm of L&T has secured orders for two of its businesses, L&T said in a regulatory filing. The company said its water and effluent treatment business has secured EPC (engineering, procurement and construction) orders from the rural water supply and sanitation department, Odisha to execute individual rural water supply projects in the Kendrapada and Khorda Districts of Odisha. The business has also secured a repeat order from the water resources department of Odisha. Further, the factories arm of its buildings and factories business has secured an order from a leading cement manufacturer in the ...

India vs England 3rd Test match: All eyes on Motera Stadium today

Ahmedabad's Motera Stadium, with a seating capacity of 110,000, outdoes the Melbourne Cricket Ground (MCG), which can seat 100,024 people and was before this the biggest

L&T bags large contracts in power biz, ranging between Rs 2,500-5,000 cr

Engineering and construction major Larsen & Toubro (L&T) on Monday said its power transmission and distribution business has bagged large domestic and overseas contracts across its spectrum of offerings. Though the company did not specify the exact value of the contracts, as per its specification a large contract ranges between Rs 2,500 crore and Rs 5,000 crore. The Power Transmission & Distribution (PT&D) Business of Larsen & Toubro has secured two engineering, procurement, and construction (EPC) orders to establish more than 400 MW solar photovoltaic projects in Gujarat, the company said in a statement. L&T is one of the leading EPC players globally in the renewables space with a track record of having built some of the largest solar plants. The company said it has also received a 765kV double circuit transmission line package in Rajasthan through a project specific transmission company. In West Bengal, orders have been received to supply and install high ...

BS Annual Awards 2020: Stellar jury picks the best 7 of India Inc

Seven of India Inc's leading decision-makers, who have themselves reimagined their businesses successfully many times, met virtually to select the winners

L&T construction arm wins contracts worth Rs 2,500 cr in Mauritius, UP

The company's railway infrastructure business has also secured an order from Uttar Pradesh Metro Rail Corporation Limited (UPMRCL).