Page 5 - Larsen & Toubro (l&t)

L&T Q1FY25 results: Net profit rises 11.7% to Rs 2,786 cr on higher revenue

The company beat street estimates as in a Bloomberg poll, 13 analysts estimated revenue of Rs 53,600 crore and seven analysts estimated a net income adjusted of Rs 2,639 crore

Tax a fundamental issue: L&T CFO Raman on retaining labour in India

"The biggest differentiator is the tax-free income there versus growing tax here," said R Shankar Raman, chief financial officer and whole-time director for L&T

RVNL, Angel One, Dixon, ITC, SBI: Strategies for Budget 2024 stocks

Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,

L&T brass puts shareholders at ease on infrastructure, labour woes

L&T also made headlines last month over the chairman's public comment that the company was facing a shortage of about 30,000 workers

L&T share price gains after bagging large offshore order from ONGC

Shares of Larsen and Toubro (L&T) soared 2.3 per cent at Rs 3716.80 per share on the BSE in Thursday's intraday trade

India summer temperature hits 50 degrees: 5 cool stocks for your portfolio

Infra stocks such as - Larsen & Toubro, Adani Ports, BPCL, Ashok Leyland and Container Corporation of India can rally up to 17 per cent, technical charts suggests.

L&T stock remains on analysts' hotlist despite guidance worries

The company has cut its margin guidance due to higher share of fixed-price contracts, supply chain issues, and geopolitical uncertainties

L&T Q4 results: Profit rises 10% to Rs 4,396 crore, beats estimates

Revenue for L&T also rises 15 per cent year-on-year (YoY) to Rs 67,079 crore

L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15%

The company board has recommended a final dividend of Rs 28 per equity share. Shares of the company closed trading at Rs 3,485.2 on the BSE ahead of the company's Q4 results

L&T's power transmission biz bags multiple orders in India, overseas

Larsen & Toubro (L&T) on Wednesday said its power transmission and distribution business has bagged multiple orders in the country and overseas. The business has bagged orders to set up two floating solar plants in India. Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work. There are other site-specific merits too, besides reduction of water evaporation. The power transmission and distribution (PT&D) vertical has also received orders to set up transmission lines and a gas insulated substation to integrate solar energy zones in Rajasthan and Karnataka. These crucial links will enable the evacuation of renewable energy to load centres in various parts of the country. The company has also another order to build a gas insulated substation overseas. "The ...

Edelweiss Alternatives completes acquisition of L&T IDPL for Rs 6,000 cr

Edelweiss Alternatives on Thursday announced that it has completed the Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), which owns various road assets and power transmission lines. The deal to buy LTIPDL, a joint venture where infra major L&T had a 51 per cent stake and its partner Canada Pension Plan Investment Board had the rest, was first announced in December 2022. The Edelweiss arm is buying 100 per cent ownership in the JV and will get a portfolio comprising seven road assets spanning 4,400 lane-km and a 960 circuit km power transmission line, according to a statement. After this acquisition, the infra platform's overall portfolio will go up to 26 assets, comprising 5,000 lane-km of roads, 1,800 ckms of power transmission assets and 813 MWp of renewables, with a cumulative annual revenue of Rs 3,000 crore, it added. A statement from L&T said the stakes have been acquired by Epic Concesiones, an investee company of Edelweiss ...

SBI to L&T: NSE revises F&O lot size of derivative contracts for 54 stocks

Exchange has cut the lot size for the futures and options contracts of 42 stocks to half of the current lot sizes. The revised lot sizes will be effective from 26 April for expiries in May or later

BS Manthan: India has long road ahead in green energy targets, say experts

Country's ambition of rapid economic growth must balance with its climate change commitments, they say at Business Standard summit

L&T board approves a proposal to raise funds worth Rs 7,500 crore

L&T added, these funds would be raised in the form of external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate

L&T wins Rs 5,000 crore major onshore gas pipeline project in West Asia

This is the largest cross-country pipeline EPC (Engineering, Procurement, and Construction) project awarded to us to date, said Subramanian Sarma, whole-time director and senior executive vice prez

L&T Fin to borrow $125 million from JICA for on-lending to women, others

L&T Finance Holdings on Tuesday said it will borrow USD 125 million (about Rs 1,038 crore) from the Japan International Cooperation Agency for on-lending to women and other segments. The two entities have signed a financing pact, under which 40 per cent of the money will be allocated to women borrowers, while the rest will support farmers, micro, small and medium-sized enterprises (MSMEs) and loans to purchase new two-wheeler vehicles, including electric two-wheelers. The loan is being raised from JICA as part of a co-financing agreement with Asian Development Bank (ADB) in addition to USD 125 million it had raised from ADB in November last year. LTFH's chief financial officer Sachinn Joshi said the agreement with JICA is a substantial step toward driving sustainability and positive business impact. "This long-term loan also helps us take forward our ongoing strategy of diversifying funding sources for the company," Joshi added. JICA said poverty alleviation is a "pressing issue"

L&T Tech, Intel partner to develop AI solutions for traffic management

Global tech firm L&T Technology Services on Tuesday said it will partner with American technology firm Intel Corporation to develop AI solutions for enhancing traffic management and emergency safety measures in smart cities and transportation sectors. LTTS is a technology partner for Intel's new Edge Platform, a modular, open software platform enabling enterprises to develop, deploy, run, secure, and manage edge and Artificial Intelligence applications at scale with cloud-like simplicity. The collaboration is "aimed at developing and providing scalable edge-AI solutions for a range of use cases, including Cellular Vehicle-to-Everything (CV2X) applications", the company said. Using the Edge Platform, including built-in AI runtime with OpenVINO, LTTS will enhance on-premises and hybrid AI scenarios for traffic management and emergency safety in smart cities and transportation. LTTS and Intel Corporation together will take this platform to businesses that are working in the smart ...

L&T fined Rs 500 cr over Pragati Maidan Tunnel, company files counter claim

PWD, Delhi has also asked construction major L&T, which executed the Pragati Maidan Tunnel project, to initiate the repair work

L&T wins contract for Assam bridge, to boost link to textile hub Sualkuchi

The foundation stone for the key infrastructure project was laid during Prime Minister Narendra Modi's visit to Assam during the festival of Bihu last year

L&T bags 'large' contract for hydrocarbon biz from IndianOil Adani Ventures

The scope of work includes engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis