Page 12 - Larsen & Toubro (l&t)

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.

Top headlines: Farmers breach Red Fort; UN warns about Indian economy

Business Standard brings you top news of the evening

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

Firms face I-T heat over GST evasion charges; L&T, Zee offices 'surveyed'

The crackdown is part of coordinated action against thousands of entities identified by the Directorate General of GST Intelligence, which recently shared the information with the I-T department

L&T construction arm wins 'significant' orders in overseas, domestic market

Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has received orders in the overseas and 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 from prestigious clients for two of its businesses," L&T said in a regulatory filing. L&T said its power transmission and distribution business has won two transmission line packages in the Kingdom of Saudi Arabia. These lines are expected to strengthen the grid in the Eastern Region of Saudi Arabia and facilitate power evacuation. Its water and effluent treatment business has secured an EPC (engineering, procurement, and construction) order in Gujarat to execute a package in the SAUNI Yojna Link 3. Saurashtra Narmada Avtaran Irrigation (SAUNI) is a project launched ..

EAM S Jaishankar visits FIFA 2022 World Cup venue in Qatar built by L&T

Union Minister for External Affairs, S Jaishankar, alongside India's ambassador in Qatar Deepak Mittal, visited the Ahmad Bin Ali Stadium which is a 2022 FIFA World Cup venue built by Indian construction giant Larsen & Tubro.

On the road to recovery: Marquee companies raise advance tax payment

Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table

With an experiential museum at Powai, Larsen & Toubro eyes the future

"Museum" is one way to describe the 11,500-sq-ft expanse. In effect, it is an "experience centre" that showcases the 81-year-old firm's current and future projects in addition to historical happenings

L&T trades firm as arm lowest bidder for HPCL Rajasthan Refinery contract

According to report, L&T Hydrocarbon is the lowest bidder for HPCL Rajasthan Refinery.

BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%

Given the likely recovery in capex from public sector, multilateral funded projects and certain process industries, analysts at ICICI Securities believe, companies like L&T will be key beneficiary

Top headlines: Tata sons to raise stake in AirAsia; Serum seeks damages

From Tata Sons raising stakes in AirAsia to putting off artillery import embargo, here are top headlines this morning

Mumbai-Ahmedabad bullet train: Contract signed with L&T for alignment works

The National High Speed Rail Corporation Limited (NHSRCL) on Thursday signed an agreement for the country's biggest infrastructure contract for design and construction of 47 percent alignment for the Mumbai-Ahmedabad bullet train project. The contract signed with Larsen & Turbo also includes four stations namely Vapi, Billimora, Surat and Bharuch, Surat Depot, 14 river crossings, 42 road crossings and six railway crossings including one mountain tunnel of 350 metres length, the NHSRCL said in a statement. "The NHSRCL signed contract agreement with Larsen & Toubro Limited today for the design and construction of 237 km length of viaduct between Vapi (Zaroli Village at Maharashtra- Gujarat Border) and Vadodara in the state of Gujarat for 508 kms of Mumbai-Ahmedabad High Speed Rail corridor," the statement from the company said. Satoshi Suzuki, Ambassador of Japan to India, was present at the event along with senior officials of the Railway Board and NHSRCL. Technical bids for ...