Page 12 - Larsen Toubro

SBI, DLF, Bajaj Auto, Manappuram look good on charts post RBI policy

Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.

Decent upside in L&T stock; analyst recommendations strongly positive

Core revenues were at Rs 35,850 crore, up 22 per cent year-on-year (YoY) and down 32 per cent quarter-on-quarter (QoQ)

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 Q1 results: Net profit rises 45% to Rs 1,702 cr; revenue up 22%

Company's order inflow rises 57% in June quarter

Powered by FMCG, auto stocks; indices snap four-day losing streak

Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards

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

Lord of the rings: Audi India head Balbir Dhillon on 'simplest business'

The first Indian executive to head the German luxury carmaker in the subcontinent, Dhillon has worked his way up the ranks, writes Pavan Lall

Tata Projects wins bid to build Jewar Airport, beats SP Group and L&T

Betters SP Group, L&T on quality and cost-based selection criteria

L&T bags order for Chennai Metro Rail Project for Rs 1,000-Rs 2,500 crore

Infrastructure major Larsen and Toubro (L&T) on Monday said it has received another significant contract order for Chennai Metro Rail Project. According to the company's project classification, the value of a significant order ranges between Rs 1,000 crore to Rs 2,500 crore. "L&T Construction awarded another Significant contract for Chennai Metro Rail Project (CMRL)," L&T said in a statement. The scope of the order involves the construction of an elevated viaduct of approximately 10 km, including an elevated ramp and 10 elevated metro stations at Nehru Nagar, Kandanchavadi, Perungudi, Thoraipakkam, Mettukuppam, PTC colony, Okkiyampet, Karapakkam, Okkiyam Thoraipakkam and Sholinganallur. This elevated metro rail package is to be constructed in 35 months. L&T is already executing four packages of CMRL Phase II, of which one is underground and the other three are elevated packages. L&T had earlier executed metro rail projects for CMRL in Phase I.

L&T plans to exit road, power concessions, incubate digital business

Company aims to touch revenue of Rs 2.7-3 trillion, achieve order inflow of Rs 3.4 trillion and return on equity of over 18 per cent by FY26

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

Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%

Business Standard brings you the top headlines on Thursday

L&T Infotech, Mindtree may be merged to create $22-billion firm

For L&T, this merger ties in with the group's vision of becoming more services-oriented

Firms rush to tap into green hydrogen, three top cos corner large share

Greenko-John Cockeril latest to join league; RIL, L&T, Adani together set aside investment of nearly Rs 6 trillion, say analysts

L1 bidder HAL-L&T combine to deliver PSLV rocket in 2024

The Hindustan Aeronautics Ltd and Larsen & Toubro Ltd (L&T) consortium has turned out to the lowest price bidder for making five Polar Satellite Launch Vehicle (PSLV) XL variant rocket out of the three who had bid, said a space sector official.

Current slowdown could be temporary, multiple long-term triggers in L&T

Q4 is expected to be soft and any corrections could offer a good entry in the stock

IOC, L&T, ReNew announce joint venture for India green hydrogen business

IndianOil and L&T to form separate JV to manufacture and sell electrolysers.

Flight control system integration facility for DRDO built in 45 days: L&T

Larsen & Toubro (L&T) on Monday said that it has constructed a seven-storey state-of-the-art flight control system integration facility for the Defence Research and Development Organization in just 45 days. The facility was inaugurated on March 17 by defence minister Rajnath Singh. "The buildings business of Larsen & Toubro has set a record by constructing the 7-storey, state-of-the-art Flight Control System (FCS) integration facility for the Defence Research and Development Organization (DRDO) in just 45 days using Integrated Hybrid Modular Construction Technology (IHMCT)," the company said in a statement. This facility shows that India can build anything in a short span of time, DRDO Chairman G Satheesh Reddy said. The project commenced on February 1, 2022, and the building has been constructed on 1,30,000 sq feet.

Larsen and Toubro spends Rs 150 crore on CSR activities in FY21

Engineering conglomerate Larsen and Toubro (L&T) spent Rs 150 crore in FY'21 on corporate social responsibility activities, impacting 1.21 million beneficiaries. The beginning of the current year was noteworthy for L&T's efforts in corporate social responsibility (CSR) as the company's CSR team handed over two Integrated Community Development Projects (ICDPs) to the Tamil Nadu government's agriculture department at Kalangal village in Sulur block, an area that till recently was one of the most water-scarce places in the state. "With a CSR spend of Rs 1.5 billion in FY'21, 108 partners and several thousand suppliers and contractors, L&T's social initiatives have touched 1.21 million beneficiaries," the company said. The company said in building India's social infrastructure, the aim is to improve the quality of life, mitigate social inequalities, build self-sufficiency and help individuals achieve their true potential. The CSR team's various interventions in water and ...