Page 14 - Larsen & Toubro (l&t)

Six out of top 10 infrastructure companies struggling to stay afloat

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

Larsen & Toubro wins 'significant' contracts for various businesses

Engineering and construction conglomerate Larsen & Toubro (L&T) on Thursday said it has won significant contracts for its various businesses. The company did not mention the exact amount of the contracts but as per its specification of significant contracts, the project value ranges between Rs 1,000 crore and Rs 2,500 crore. "The construction arm of L&T has secured orders from prestigious clients for its varied businesses...The Water & Effluent Treatment business of L&T Construction has won its maiden order in Chandigarh from the Chandigarh Smart City Limited (CSCL) to construct a 136 million litres per day (MLD) sewage treatment plant on a design, build and operate basis," the company said in a statement. The project aims to improve the quality of treated sewage and save potable drinking water which is presently being used for gardening and irrigating green spaces in the city. In addition to constructing the 136 MLD sewage treatment plant, the scope of the project

Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

Dry dock project at Cochin Shipyard: Date of completion revised to Dec 2022

The company also said that due to the pandemic, both L&T and Sealord Diving and Salvage have notified "force majeure event" from March 22 onwards, which is still continuing

Defence stocks rally up to 11% as govt bans import of 101 defence items

"This decision will offer a great opportunity to the Indian defence industry to manufacture items on the negative list by using its own design and development capabilities," the govt said.

Decline in order inflow at L&T does not augur well for capital goods sector

Even though it was better than what analysts had expected, it still paints a bleak picture.

Covid-19: L&T board members take pay cut of up to 53%, Naik sees hope in H2

Naik takes 24% cut; company to take up Rs 4,500 cr fundraising at AGM

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

Central Vista project: 7 companies submit pre-qualification bids

The CPWD, a prime construction agency of the central government, said the new building will be constructed at plot number 118 of the Parliament House Estate

Mindtree PBT more than doubles in Q1; revenues up 4.1% to Rs 1,908.8 cr

Revenue of the firm grew 4.1 per cent year-on-year to Rs 1,908.8 crore during this period though it declined 6.9 per cent sequentially

Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1

Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak

Committed to achieving self-reliance for the domestic industry: L&T

The L&T chief added, "We can drastically reduce our dependency on imported products including those from China by putting processes and systems in place"

Larsen & Toubro trades higher for fourth straight day; stock surges 7%

L&T said its construction arm secured large orders from prestigious clients for its various businesses.

Prove financial capability: Cidco puts GVK in dock over Navi Mumbai airport

Cidco's queries to GVK group on its financial health comes as the latter has been unable to secure funds from banks and start work on the project.

L&T Q4 preview: Analysts see muted nos amid Covid-19; order inflow eyed

Usually, Q4 is an execution-heavy quarter for capital goods players, but the lockdown has affected execution and deliveries for most companies.

Domestic capital goods companies seek price preference policy from Centre

Companies like Siemens suggest the government needs to reduce the cost of doing business to ensure domestic firms grow

Defence reforms: Indian manufacturers looking to ride the opportunity

FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Covid-19: Order inflow a concern for capital goods, construction companies

In a two-part series, Business Standard takes stock of order books of infrastructure companies and whether they will be able to withstand the lockdown-induced economic slowdown

L&T defers salary appraisals over Rs 12,000 cr billing loss since lockdown

Analysts raise concerns over Q1 show, firm to shift focus to Africa as West Asian market turns weak