Page 12 - Larsen & Toubro (l&t)

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).

Infrastructure push: Higher expenditure yet to reflect in top line

Combined net sales of infra, capital goods firms down 2.3% in Dec quarter

L&T bags up to Rs 2,500-crore contract for Mumbai Ahmedabad bullet train

Infrastructure company Larsen & Toubro (L&T) on Friday said it has received an up to Rs 2,500-crore contract for Mumbai-Ahmedabad high speed rail corridor project. "The heavy civil infrastructure business of L&T Construction has secured a significant contract from two packages of the Mumbai-Ahmedabad High Speed Rail Corridor," L&T said in a regulatory filing. The company did not provide value of the contracts but said the orders fall under "significant" category which range between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts. The order is to procure, fabricate, assemble, paint and transport 28 bridges, the company added. L&T said the project was secured through a consortium of L&T and IHI Infrastructure Systems (IIS) of Japan. Shares of L&T were trading 0.56 per cent lower at Rs 1,337.45 apiece on BSE.

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L&T consolidated Q3 PAT at Rs 2,467 crore, up 5% YoY on lower expenses

Consolidated Group order book at record high of Rs 331,061 crore as on Dec 31, 2020

L&T scales fresh 52-week high ahead of December quarter results

In the past three months, L&T has outperformed the market by surging nearly 50 per cent, on the back of strong orders flow, as compared to 20 per cent rally recorded by the S&P BSE Sensex

L&T construction arm bags orders worth up to Rs 5,000 cr in Bangladesh

Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged orders worth up to Rs 5,000 crore in Bangladesh. The power transmission and distribution business of Larsen & Toubro has won a slew of transmission line orders in Bangladesh, the company said in a regulatory filing. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. The scope of these packages involves design, supply, installation, testing and commissioning of extra high voltage transmission lines on turnkey basis, the company added. "As Bangladesh aims to achieve universal electricity access this year, the enhancement of power transfer capacity will improve the reliability and efficiency of the country's grid and facilitate integrated development of its capital and the economic growth centres. These projects will also give a fillip to the cross-border

L&T arm wins contract worth up to Rs 5,000 cr from Rail Vikas Nigam

The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag

Larsen & Toubro hits 52-week high on steady order flow in construction arm

L&T today announced that its construction arm has secured significant orders from prestigious clients for various businesses

L&T receives multiple orders in domestic and international market

Infrastructure company Larsen & Toubro (L&T) Wednesday said it has received multiple orders across business segments in the domestic and international 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 (significant) orders from prestigious clients for its various businesses," L&T said in a regulatory filing. The company said its metallurgical and material handling (MMH) business has received orders to construct a metallurgical plant in the domestic market, add on orders from an overseas package and product supply orders from various customers. "Traction in metal prices gives a good outlook for the business in the near and medium term," the company said. L&T's power transmission and distribution business also won an engineering, procurement, construction ...

Indian Army soft-pedals light tank of DRDO-L&T for China border

L&T is looking to complete delivery of its contract for 100 K-9 Vajra tracked guns by February, well ahead of schedule

L&T nears 52-week high; stock surges 51% in 3 months on strong order flow

In the past one month, L&T has bagged one mega, three large and four significant orders, that are together worth over Rs 25,000 crore