The operators would be selected after the requests for proposals (RFP) are submitted with a revenue share quote
Analysts believe that L&T is well-placed to emerge stronger given its financial, technical and managerial capability to sustain and gain market share
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
A selection of key court orders
The other bidders for this package were the Tata Projects-J Kumar Infrastructure Projects Ltd-NCC Ltd and AFCONS Infrastructure Ltd.-Ircon International-JMC Projects consortiums
The company reported a reasonable July-September quarter operational performance amid a subdued business environment
After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.
The stock quoted higher for the seventh straight days, and has gained 8 per cent during the period.
Analysts expect the markets to remain upbeat until the presidential polls, but investors may be better off on the sidelines until then
L&T has emerged as the lowest bidder in the financial bids for the design and construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor
From looking at the strategic sale of Hind Copper to L&T likely winning the tender for the bullet train, here the top business headlines this morning
Infrastructure company Larsen & Toubro has emerged as the lowest bidder for the design and construction of 237 km length of viaduct for 508-km Mumbai-Ahmedabad High Speed Rail corridor, the National High Speed Rail Corporation Limited said on Monday. Ahmedabad-Mumbai bullet train is the first high speed train project of India, which is being built with the help of Japan. "Financial bids for the design and construction of 237 km length of viaduct for 508 km of Mumbai-Ahmedabad High Speed Rail corridor were opened today and Larsen & Toubro Ltd is the lowest bidder," said the release. A total three bidders involving seven major infrastructural companies had participated in the competitive bidding, the NHSRCL said. Others bidders were "Afcons Infrastructure Limited IRCON International Limited JMC Projects India Ltd-Consortium and NCC Limited Tata Project Ltd. - J.Kumar Infra Projects Ltd. - HSR Consortium," it said in the release. The technical bids for the tender were opened on
Analysts say improving engineering and construction business, asset monetisation, and better return ratio will provide triggers
Africa could be the next century's economic growth engine, and Larsen & Toubro hopes to be a part of its journey, L&T chief executive and managing director S N Subrahmanyan said on Tuesday. He was addressing a session on Reimagining Resilient Africa during FICCI LEADS 2020 event. "Africa could be the next century's economic growth engine...We hope to be a part of the ecosystem of Africa. Make India proud and Africa proud," Subrahmanyan said. Africa would require new investment to the tune of USD 25-30 billion in the next decade to meet its requirement, as per a Ficci statement. "This is an absolute necessity, and it will come into play not only via physical infrastructure, including health centres, hospitals, better medical facilities but also through digital health connect. L&T will do whatever required to develop the African continent," Subrahmanyan said. R V Kanoria, former Ficci president, said Africa could be the answer to the food security needs of the world. Africa .
Rail ministry had invited RFQ for private operation of passenger trains over 12 clusters consisting of 140 Origin-Destination pair of routes with launch of 151 modern trains
A shift from a low-risk project execution model to big bets on infrastructure and real estate projects has plunged the group into crisis
RIL has reportedly not paid a second instalment of advance tax owing to a heavy fall in crude oil prices, which has left the company with no margin on refining.
Technical bids for the design and construction of 237 kilometres of mainline for Mumbai- Ahmedabad High-Speed Rail corridor were opened on Wednesday.
SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent
L&T sees prospects in the areas of government buildings, data centres, etc. It is uncertain, however, of the timelines when these projects will take off.