Page 6 - Larsen & Toubro (l&t)

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.

L&T's Power Business wins EPC orders West Bengal Power Development Corp

The Power Transmission & Distribution Business of Larsen & Toubro will set up wet Flue Gas Desulphurization (FGD) systems for its thermal power plant at Sagardighi, West Bengal

L&T arm bags order for Dahisar-Bhayander bridge construction in Mumbai

L&T on Tuesday said one of its subsidiaries has bagged a 'large' contract for construction of a bridge in Mumbai. The transportation infrastructure business vertical of L&T Construction has received the Dahisar-Bhayander Bridge project in Mumbai, L&T said in a statement. The project has been awarded by Municipal Corporation of Greater Mumbai (MCGM). The 4.5-kilometre bridge will significantly reduce the travel time between Dahisar and Bhayander, which currently takes more than 45 minutes. Though the company did not specify the exact value of the contract, as per its specification, a large contract ranges between Rs 2,500-5,000 crore.

L&T Construction to build 4.5 km bridge between Dahisar-Bhayander, Mumbai

The project, secured by L&T's Transportation Infrastructure Business, is estimated to be valued between Rs 2,500 crore to Rs 5,000 crore

Street Signs: Nifty finds favour at 19,500, L&T buyback, and more

The recently concluded Rs 10,000 crore buyback of engineering and construction behemoth Larsen & Toubro (L&T) proved to be a missed opportunity for retail investors

L&T's order book robust, mcap at peak, says Chairman Subrahmanyan

L&T's order book is robust, market cap and share price are at their highest levels, the company's newly-appointed Chairman & Managing Director S N Subrahmanyan said and asked employees to remain hungry for success. In his first letter to employees after taking charge as Chairman & Managing Director, Subrahmanyan said that the company is committed to keep doing things that make both India and the world proud. "We must believe in the power of technology and keep harnessing its tremendous potential to keep improving our productivity and efficiency," he wrote in the letter. Timely delivery and safe way of work, he said, must remain the way of life. Stating that digitalisation is impacting every aspect of business, he said that the there was a need to be ready for the future. "There are basic and massive changes occurring in the ecosystem, energy change, sustainability as a way of life...We must be ready to face it today and (I) am confident that together we will be able to do .

BRO DG inspects construction of 'world's largest 3D concrete campus'

Inspecting the ongoing construction work of an air dispatch unit of the BRO here, which is also touted to be the world's largest 3D concrete printed campus, Director General, Border Roads (BR), Lt General Rajeev Chaudhry Sunday said it was a major breakthrough in the building construction domain. Lt Gen Chaudhry said the Border Roads Organisation (BRO) and construction company L&T joined hands to make the Himank Air Dispatch Unit in Chandigarh, which features state-of-the art 3D printing technology, a world class facility. India is the frontrunner to adopt this technology, the DG said, adding that he was really delighted to witness the development. Chaudhry said such a building complex will take nothing less than 18 months or two years to complete through conventional construction methods. But 60 per cent of the construction work on the air dispatch unit, which began in April, is already done and will be finished by the end of December, he said. It is a major breakthrough in the ..

Larsen & Toubro revises buyback price upward to Rs 3,200 per share

"The company is confident that the shareholders will take advantage and benefit from the buyback offer," Shankar Raman, Whole Time Director and chief financial officer, said

Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas

Stocks to Watch on September 8, 2023: As per a Business Standard report, L&T has secured a multi-billion-dollar contract from Saudi Aramco

L&T, HAL vetted to potentially bid on India's rocket privatisation

BENGALURU (Reuters) - Larsen & Toubro and Hindustan Aeronautics are among companies vetted to potentially bid in India's efforts to privatise its small satellite launch rocket, a source told Reuters, as the government seeks more investment in the booming space market.