Page 6 - Larsen & Toubro (l&t)

Brokerages divided on L&T's new order prospects, exposure to West Asia

L&T's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections

Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel

Stocks to watch on January 31, 2024: Nova Agri Tech will make its debut today. The issue price is Rs 41

L&T Q3 results: Net profit rises 15% to Rs 2,947 crore, misses estimates

The company's consolidated net profit rose 15% to Rs 2,947 crore ($355 million) for the quarter ended Dec. 31, but fell short of analysts' estimate of Rs 3,304 crore, as per LSEG data

L&T Finance Q3 results: Net profit jumps 41% to Rs 640 crore, NII up 8%

L&T Finance Holdings on Tuesday reported a 41 per cent jump in net profit to Rs 640 crore for the December quarter, driven by retail loan sales. The Mumbai-based Non-Banking Financial Company (NBFC) had earned a net profit of Rs 454 crore in the year-ago period. The Net Interest Income (NII) of the NBFC grew 8 per cent to Rs 1,833 crore as compared to Rs 1,693 crore in the same quarter in the previous year, L&T Finance Holdings Ltd said in a statement. The company's retail disbursements grew 25 per cent to Rs 14,531 crore. The company completed the merger of L&T Finance Ltd, L&T Infra Credit Ltd, and L&T Mutual Fund Trustee Ltd with L&T Finance Holdings Ltd in the third quarter, it said.

Shri Ram Janmabhoomi Mandir to last over a thousand years, says L&T

Ayodhya Ram mandir stands as a symbol of endurance designed and constructed to last a thousand years, said Larsen & Toubro

A sense of collective achievement prevailed, says L&T's S V Desai

S V Desai, whole-time director & senior executive vice-president (civil infrastructure), L&T, talked about the challenges and learnings from executing India's longest sea bridge

No pre-election lull in execution, orders so far, say cement, steel firms

Cement dealers and executives from ratings agencies echo Acharya's view

L&T Construction bags contract for AMAALA project in Saudi Arabia

Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged a contract to establish various systems related to green energy generation and utilities for an ultra-luxury tourism destination in Saudi Arabia. "The construction arm of Larsen & Toubro has been chosen as the turnkey engineering, procurement and construction (EPC) contractor....for the AMAALA project in the Red Sea region, Saudi Arabia," the company said in a filing to BSE. AMAALA is an ultra-luxury destination set in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia's northwestern coast. Spanning 4,155 square kilometer, the project features pristine landscape and diverse natural ecosystems, coupled with unique and intriguing heritage and local culture. "The award of this prestigious contract stands testimony to the synergistic strength of diverse offerings of L&T Construction in providing innovative solutions to customers keen on sustainable, clean and reliable electricity and ...

Tata group companies, Larsen & Toubro top mcap gainers in market boom

The construction and engineering major Larsen & Toubro (L&T), however, tops in terms of percentage gains as the company added an additional Rs 2.4 trillion, or 49.1 per cent

L&T Finance announces completing merger of 3 subsidiaries with itself

Merger will create "sustainable value" for stakeholders and help governance, says NBFC

L&T Finance Holdings completes merger of 3 of its subsidiaries with itself

LTFH also announced the appointment of Amresh Kumar as its chief risk officer for two years effective from December 4

L&T Tech, NVIDIA to unveil Gen AI & advanced software for medical devices

This collaboration provides a complete solution for customers looking to transition to a software-defined business model via real-time AI applications

Larsen & Toubro arm secures significant orders in Odisha, Madhya Pradesh

Larsen and Toubro (L&T) on Tuesday said its arm L&T Construction has bagged significant work orders from the governments of Odisha and Madhya Pradesh. The company did not disclose the order value. However, according to its classification, significant orders value in the range of Rs 1,000 crore to Rs 2,500 crore. "Water & effluent treatment business of L&T Construction has secured repeat orders from the Water Resources Department, Government of Odisha to execute cluster XXII & cluster XXV mega lift irrigation projects," L&T said in a statement. The scope of works includes the execution of 19 lift irrigation schemes comprising intake points spread across the Manjore reservoir, Brahmani river, Rengali left main canal, Rengali right main canal and lndravati reservoir to irrigate a culturable command area of 28,944 hectares in the districts of Angul, Dhenkanal and Nabarangpur on a turnkey basis. The scope additionally includes establishing a distribution network, ...

L&T Construction to build Bhogapuram International Airport, Andhra Pradesh

In a regulatory filing, L&T said that the project will be developed to handle 6 million passengers per annum initially

Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs

Infrastructure major Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs). The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing. "The company has today (Thusrday) issued and allotted 1,50,000 rated, listed, unsecured, redeemable, non-convertible debentures of Rs 1 lakh each aggregating to Rs 1,500 crore maturing on May 2, 2025," it said. The NCDs have been issued at a coupon rate of 7.58 per cent. Larsen & Toubro is an Indian multinational engaged in EPC (engineering, procurement and construction) projects, hi-tech manufacturing and services. It operates in over 50 countries.

L&T bags ultra mega offshore project worth Rs 15k cr in Middle East

Larsen & Toubro (L&T) on Tuesday said it has bagged another ultra mega offshore project worth over Rs 15,000 crore in the Middle East. Projects worth over Rs 15,000 crore have been classified under the 'ultra-mega' category by the company. "The Hydrocarbon Business (L&T Energy Hydrocarbon LTEH) of Larsen & Toubro (L&T) has secured a Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East further to the recent Ultra-Mega project award for a Gas Compression plant," the company said in a statement. The scope of work includes procurement and construction for a gas processing plant, consisting of inlet separation facilities and booster compression system, among others, in new onshore facilities and its integration with existing gas processing plants. Larsen & Toubro is a USD 23 billion Indian multinational, which operates in over 50 countries worldwide.

L&T Q2FY24 consolidated net profit tops 44%; offshore revenue shines

It sees no major impact of Israel-Hamas war on West Asia projects

Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh

Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent

L&T's hydrocarbon arm bags order for gas compression plants in Middle East

The scope of work involves engineering, procurement and construction of gas compression plants

Larsen & Toubro's hydrocarbon business bags mega order in west Asia

Larsen & Toubro (L&T) on Wednesday said its hydrocarbon business has bagged a mega onshore project from a client in the Middle East. While L&T did not disclose the exact value of the contract, it counts an order as 'mega' when it is valued above Rs 7,000 crore. The scope of work involves engineering, procurement and construction of gas compression plants consisting of gas inlet facilities, compression system for gas compression facilities in new onshore facilities and its integration with existing plants, it said in a statement. The project has been bagged by L&T Energy Hydrocarbon. The company further said that in a bid to cater to the power supply requirements of the gas compression plants, three 230 kV extra high voltage substations will be set up by the power transmission and distribution arm of L&T Construction.