Page 4 - Larsen & Toubro (l&t)

Celebrities, leaders blast L&T over chairman's 'work on Sundays' remark

L&T Chairman SN Subrahmanyan's controversial call for working Sundays, featuring a misogynistic joke, sparked backlash from figures like Deepika Padukone, Harsh Goenka

L&T chairman asks employees to work 90 hours a week, company backs him

Subrahmanyan's '90-hour workweek' formula is one step ahead of Infosys founder Narayan Murthy's suggestion of working 70-hours a week

L&T eyes 20% growth in construction, mining machinery biz in FY26

Infrastructure major Larsen & Toubro (L&T) expects its construction and mining machinery business to grow at least 20 per cent in the next fiscal year with the company planning to double sales in the next five years. In an interview to PTI, Arvind K Garg, Senior Vice President and head of L&T's Construction and Mining Machinery business, said, "If you ask me what the plan for the coming fiscal year is, definitely our construction and mining machinery business will grow at least 20 per cent. And, "as we have to meet the target of growing or doubling our sales in the next five years, along with profitability, we will have to invest in our service capabilities. This financial year, we also launched a mini excavator, the Komatsu PC35, which will help fuel growth," Garg said. Larsen & Toubro and Komatsu Ltd entered into a joint venture in 1998 to manufacture construction equipment and hydraulic components in India. From 1998 to 2013, the joint venture company was ...

L&T secures major defence order for K9 Vajra-T artillery platforms

Infrastructure major Larsen & Toubro (L&T) on Monday said it has bagged a major order from the Defence Ministry for the supply of K9 Vajra-T Artillery Platforms to the Indian Army. According to the company's project classification, the 'major' order values between Rs 5,000 crore-10,000 crore. The K9 Vajra-T is a 155 mm, 52-caliber tracked self-propelled artillery platform, adapted from the world's leading South Korean self-propelled howitzer K9 Thunder. Co-developed by L&T and Hanwha Aerospace, it has been customised to suit the requirements of the Indian Army for operations in varied terrains, including deserts, plains and high-altitude regions. In 2017, the company won the order for the first batch of 100 K9 Vajra-T platforms through a global competitive bidding and after successful field evaluation. The company delivered the Vajra Platforms ahead of schedule. "Like the first batch, the second batch of the K9 Vajra-T too will be manufactured at our Armoured Systems ...

Stocks to watch, Dec 13: RIL, HDFC Bank, JK Tyre, Zomato, TCS, NBCC, L&T

Stocks to watch, Dec 13: From RIL to HDFC Bank, here is a list of stocks that will be in focus today

L&T's data centre biz onboards first major customer in Tamil Nadu

Infrastructure major Larsen and Toubro (L&T) on Thursday said its data centre business L&T-Cloudfiniti has on boarded the first major customer at its hyperscale data centre in Sriperumbudur near Chennai. The centre has a built-in capacity of 30 MW, of which 12 MW colocation-ready capacity is live across two floors, Larsen and Toubro (L&T) said in a stock exchange filing. The company's client, a leading cloud service provider, has rented as much as 6 MW IT Load capacity, consisting of high-density racks spread over an entire floor, and a bulk bandwidth, the filing said. The tenure of the contract is 10 years. "This deal marks the beginning of many such collaborations and acts a testament to our commitment to delivering world-class colocation and cloud services to businesses across the spectrum. In the days to come, we are confident of redefining India's data centre landscape with our fast scalable and reliable solutions," L&T-Cloudfiniti Chief Executive Seema Ambastha ..

L&T to acquire 21% stake in E2E Networks in two-part Rs 1,406 crore deal

The strategic investment helps expand the company's Cloud service offering as part of the data centre business

L&T share price jumps 6% as Q2 results beat street estimates; details here

The rise in L&T share price came after the company reported a healthy set of September quarter numbers on October 30, 2024

L&T Q2 FY25 results: Net profit increases 5.4% to Rs 3,395 crore

Maintains guidance on order inflow and revenue generation for full-year

L&T Q2 results: Profit rises 5% to Rs 3,395 crore on higher income

Infrastructure major Larsen and Toubro (L&T) on Wednesday posted a 5 per cent rise in consolidated profit after tax to Rs 3,395 crore in the September 2024 quarter on account of higher income. The company's consolidated profit after tax stood at Rs 3,223 crore in the year-ago period, L&T said in a regulatory filing. "The company for the quarter ended September 30, 2024, posted a consolidated Profit After Tax (PAT) of Rs 3,395 crore, registering a growth of five per cent compared to the corresponding quarter of the previous year," the filing said. During the period under review, its consolidated income rose to Rs 62,655.85 crore from Rs 52,157.02 crore in the year-ago period. Its expenses in the September quarter increased to Rs 57,100.76 crore against Rs 47,165.95 crore a year ago. "We have delivered yet another quarter of strong financial performance despite the continuing global macro economic volatility. The projects and manufacturing businesses of the company continue to ..

L&T wins 'major' orders in West Asia, Africa to expand high-voltage grid

The orders are estimated to be valued between Rs 5,000 crore and Rs 10,000 crore

L&T locks key contract for world's largest nuclear fusion project in France

While the exact worth of the deal was not disclosed but the order was marked as 'significant', which the L&T uses to describe orders valued between Rs 1,000 crore and Rs 2,500 crore

Employee grievances at India's top companies up 30% in FY24, shows data

BSE50 companies reported 8,468 complaints

L&T's first electrolyser factory to start commercial operations soon

L&T is developing these electrolysers in partnership with French company McPhy and has set up this factory at its Hazira facility

Larsen & Toubro unit wins major energy management projects in South India

L&T DES will implement these Energy Management Systems across Andhra Pradesh, Kerala, Puducherry, Tamil Nadu, and Telangana

L&T wins Rs 10K-15K cr power transmission, distribution orders in West Asia

As of June, L&T had an outstanding order book of Rs 4.90 trillion, of which 35 per cent was from West Asia

L&T acquires 12.25% stake worth Rs 12.5 crore in quality management firm

Engineering and construction giant Larsen & Toubro has acquired 12.5 million equity shares in not-for-profit company Indian Foundation for Quality Management

Whistleblower complaints at Indian companies up 8% to 1,074 in FY24

Of the BSE-50 companies, two-year data of whistle-blower complaints were available for 14 companies

Industrials, energy conglomerates see double-digit churn in human capital

Flagship entities of groups such as L&T, Vedanta, Grasim & Adani reported double-digit employee turnover in FY24

Sensex, Nifty end flat after see-saw trade; L&T stock rises over 2%

After hitting an intraday high of 24,999.75, the 50-share blue chip company index closed at 24,836, up 1.25 points over its previous close