Page 9 - Larsen & Toubro (l&t)

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

L&T buys Japan-based Chiyoda's entire stake in JV LTC for Rs 75 cr

Larsen & Toubro (L&T) on Tuesday said it has bought the entire stake held by Chiyoda Corporation in L&T-Chiyoda Ltd for Rs 75 crore. L&T-Chiyoda Ltd (LTC) is a joint venture between L&T and Japan-based Chiyoda Corporation (Chiyoda). The buyout is likely to be completed by the end of next month, the engineering and construction conglomerate said in a regulatory filing. "The acquisition is a related party transaction and approval of the audit committee and board of L&T have been taken," the filing said. LTC was formed with an aim to provide engineering and related services for the hydrocarbon industry to support L&T's EPC business in the domestic and international market. In the past 27 years, LTC has worked on more than 300 projects, including complex refinery and petrochemical processes. "L&T and Chiyoda hold 50 per cent shares in LTC. Hence, purchase of Chiyoda's share by L&T is a related party transaction. The transaction is done at arms length as

Larsen & Toubro hires more than 3,000 engineering trainees in FY23

Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday said it has hired more than 3,000 fresh engineering trainees in the current financial year. The onboarding of over 3,000 graduate and postgraduate engineering trainees in the ongoing fiscal marks a more than three-fold rise as against 1,067 trainees last fiscal. The number of female engineers hired has more than quadrupled to 1,009 trainees in FY23 from 248 trainees in FY22, L&T said in a statement. "It is worth noting that 30 per cent of current batch of fresh engineers are women which is commendable given the fact that 75 per cent of the fresh engineers are hired from mechanical, civil and electrical streams where women candidates are less. "Currently, women employees comprise 7.6 per cent of the total workforce at L&T, and they have already successfully forayed into fields long considered to be male bastions," company's Executive Vice President & Head, Corporate Human Resource C Jayakumar .

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

L&T hits 9-mth high ahead of Q2 nos; wins significant order in Saudi Arabia

Including today's orders, L&T has won a total of six 'significant' orders in the month of October, it said

L&T gains 3% on significant order wins for water & effluent treatment biz

So far this month, L&T has won a total of five 'significant' orders across diverse segments

Larsen & Toubro gains 2%, hits over six-mth high on strong revenue outlook

In the past one month, L&T has outperformed the market by gaining 9 per cent as compared to a 1.4 per cent rise in the S&P BSE Sensex

L&T beats estimates as Q1 net profit surges 45% YoY to Rs 1,702 crore

But sequentially, it declines 53% amid inflationary pressure & Rs depreciation

L&T Finance Holdings Q1 net up 47% to Rs 262 cr on better interest margins

Firm expects NIM plus fees to stay above 8% in FY23

L&T Q1FY23 results: How the company performed in the last four quarters

Larsen & Toubro has seen a steady rise in net profits over the previous four quarters

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

India the place to be in now, says HSBC India CEO Hitendra Dave

'We are in growth, customer acquisition, and balance-sheet expansion mode'

Margin worries to persist for L&T over inflation, supply chain concerns

While target prices indicate healthy upside, the stock has been an underperformer

L&T Q4 net increases 10% to Rs 3,621 cr, firm declares dividend of Rs 22

L&T admitted that volatility in the price of crude oil and other commodities owing to geopolitical uncertainties was pushing up input prices

L&T bags water project in Jharkhand; to irrigate 22,283 hectares in Dumka

Engineering major Larsen & Toubro (L&T) on Monday said it has bagged a significant project from Jharkhand government for irrigation. The project envisages to provide water to irrigate 22,283 hectare of Culturable Command Area (CCA) in Dumka district of Jharkhand by way of pumping water from the Sidheshwari river. The scope includes survey, design, and constructing a barrage across the river. "The water & effluent treatment business of L&T Construction has secured a repeat EPC order from the Department of Water Resources, Government of Jharkhand, to execute the Masalia Ranishwar Megalift irrigation scheme on a turnkey basis," the company said in statement. The company is already executing a similar lift irrigation project in Jharkhand's Garhwa district. As per the company, a contract valued at Rs 1,000-2,500 crore is categorised as a significant order. L&T is an Indian multinational engaged in engineering, procurement, and construction projects.

Nykaa CEO Falguni Nayar named EY Entrepreneur of the Year for 2021

She will represent India at the EY World Entrepreneur of the Year Award on June 9.

L&T's transportation infrastructure business bags 'significant' contracts

Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients. The company did not provide the value of the contracts, but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. The business has secured an order from the Tamil Nadu Road Infrastructure Development Corporation to construct the Chennai Peripheral Ring Road EPC-02 package of section-II in the engineering, procurement and construction (EPC) mode. The scope of work broadly includes constructing a six-lane greenfield highway of 12.80 kms with flexible pavement, two-lane service roads and paved shoulders on both sides of the carriageway, at-grade intersections, major/minor bridges, vehicular/light vehicular/ small vehicular underpasses, and culverts followed by maintenance for seven years, L&T said in a statement. The railways business unit ...

Indian Oil, L&T and Renew to form JV to develop green hydrogen business

The three companies Indian Oil, L&T and Renew will hold equal stakes in the proposed JV which will develop green hydrogen assets in India.

Top headlines: L&T Q3 net falls; nod for Bharat Bio's intranasal dose trial

Business Standard brings you the top headlines on Friday