Page 13 - Larsen Toubro

L&T arm bags contracts worth Rs 2,500-5,000 crore for Chennai Metro

The construction arm of Larsen & Toubro has secured orders worth Rs 2,500-5,000 crore from its heavy civil infrastructure business in India.

Trading ideas by Ventura Securities: Buy Tata Power, Larsen & Toubro

Tata Power's stock has the strength to achieve a target of 140-160 in the coming days

Big groups plan O2 storage, transport; PM Cares Fund for 551 plants

The government is using "linear programming", an operation research tool, to get oxygen to cities from their nearest sources

L&T construction arm bags significant contracts for various businesses

The construction arm of Larsen & Toubro has secured orders from prestigious clients for its various businesses, the engineering major said on Friday.The power transmission distribution business has won orders to design and construct two sub-stations in Dubai, UAE.The factories business of buildings and factories has secured another order from a leading cement manufacturer to construct a 3.5 million tonnes per annum brownfield cement plant in Nimbahera, Rajasthan.The railway strategic business unit that resides within the transportation infrastructure business has won an order from the Central Organisation for Railway Electrification (CORE).The project is part of mission electrification initiative of the central government aimed to electrify the entire Indian Railway Network to reduce the carbon footprint as well as reduce the expenditure on diesel.Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services with over 21 billion ...

L&T's arm bags order to set up solar power project in Saudi Arabia

The Renewables arm of Larsen & Toubro's Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the "major" category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts. The Renewables arm of Larsen & Toubro's Power Transmission & Distribution Business has secured a turnkey EPC contract, from the consortium of ACWA Power and the Water and Electricity Holding Company for Sudair Solar PV Project of 1.5GW capacity, a company statement said. According to statement this project is considered the largest Solar Plant in Saudi Arabia with power purchase agreement (PPA) signed. It is also one of the largest such plants in the world. The EPC (engineering procurement construction) contract, was awarded by the consortium of ACWA Power and the Water and ...

Amit Chadha takes charge as MD and CEO of L&T Technology Services

L&T Technology Services on Thursday said Amit Chadha has taken charge as the company's CEO and managing director. Amit Chadha has taken over as CEO and MD of LTTS, effective April 1, in line with previous disclosures made to stock exchanges dated October 19, 2020, according to a statement. Prior to his elevation, Chadha was serving as the deputy CEO and whole-time board member, it added. Chadha joined LTTS in 2009 and has been a core member of LTTS' executive management team, closely involved in the company's listing on stock exchanges in 2016. Subsequently, he progressed to assume charge as president (sales and business development) where he was responsible for helping global R&D customers and Fortune 500 companies leverage LTTS' digital engineering offerings for their strategic differentiation and product development. The ER&D services sector is poised to play a critical role over the next decade as the confluence of engineering and technology reshapes the products and ..

L&T, ABB India: Analysts bet on capex-related plays amid economic revival

"Valuations for consumption stocks now appear stretched while the industrials sector still trades at historical averages," wrote Amish Shah of BofA Securities

L&T recruits 22% women at trainee level across major businesses in 2020

In a strategic decision, engineering and construction major Larsen & Toubro (L&T) has recruited 22 per cent women at trainee level across its major businesses in 2020, up 8 per cent over the previous year. Figures shared by L&T, suggest a rise in the intake of women at the level of graduate engineer trainees (GETs), and post graduate engineer trainees (PGETs). "There are now more and more women on the shop floor, project sites and offices. L&T is at the forefront to create an enabling environment that offers women opportunities to try new things, to push boundaries, to seek new challenges to succeed and make their mark," its CEO & MD S N Subrahmanyan told PTI. The company data show a steady increase in the share of women trainees. While in 2018, 12 per cent women were hired, the number shot up to 14 per cent in 2019, and 22 per cent last year. L&T recruited about 1,100 graduate and post graduate engineer trainees for deployment across businesses in ...

ACC, TaMo: These 5 cyclical stocks are showing upside bias on charts

The recent gap-up in the range of Rs 290 - Rs 282 levels remains the crucial breakout for the upside in Tata Motors

Airtel, L&T and TCS to see huge passive inflows as global indices rejig

Apollo Hospitals, Honeywell Automation and Adani Total Gas may see buying due to their entry in FTSE All world index; MSCI rebalancing expected to take place Friday, could spur inflows of over $250 mn

L&T-built Interceptor Boat, the 17th in series, commissioned at Chennai

40 Ships are at various stages of construction at different Shipyards in India, says Coast Guard

Month-on-month revenue since October better than FY20: L&T IDPL's Pathak

The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak

ITC, HDFC Bank and six other Sensex stocks scale fresh 52-week highs

SBI, the top gainer among the Sensex stocks, was up 8 per cent to Rs 337 at 02:25 pm, surpassing its previous high of Rs 332 touched on February 2, 2020

L&T arm wins contract for Mumbai-Ahmedabad High Speed Rail Corridor

The order worth Rs 1,400 crore involves two packages

Stocks to watch: Axis Bank, HUL, L&T, BoB, auto stocks, Affle India

Stocks of auto companies will be in focus after the government approved a policy to scrap more than 15-year-old vehicles owned by government departments and PSUs

Ports, roads, steel: 5 companies step up investments as economy recovers

India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do

L&T arm wins transmission line orders worth up to Rs 5,000 cr in Bangladesh

A fast-growing economy in South Asia, Bangladesh has embarked on a plan to alleviate infra deficiencies and upgrade its power system to sustain the growth

L&T bags up to Rs 5,000 crore order from Rail Vikas Nigam in Uttarakhand

Larsen & Toubro (L&T) on Monday said its construction arm has bagged an up to Rs 5,000 crore contract from Rail Vikas Nigam Ltd (RVNL) in Uttarakhand. The construction arm of L&T has secured a large order for its heavy civil infrastructure business from Rail Vikas Nigam Ltd (RVNL) for package 4 of the new broad-gauge line between Rishikesh and Karanprayag in Uttarakhand, India, the company said in a regulatory filing. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag, the company added. L&T said the entire project is to be completed within a stringent timeline of 60 months. "Establishing a rail link between Rishikesh and Karanprayag will not only facilitate easy access ..

L&T's construction arm receives multiple orders in domestic market

Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has received multiple orders across its business segments in the domestic market. The company did not disclose 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 construction arm of L&T has secured (significant) orders from prestigious clients for its various businesses," L&T said in a regulatory filing. The company said its buildings and factories business has won an order from a reputed developer to construct an office space in Mumbai. The scope of the project includes construction of two towers comprising four basements, G+21 (ground + 21) floors with a built-up area of 33.50 lakh square feet. It has also won an order from the Haryana government to construct a Medical College at Jind. The scope of the project includes construction of a hospital .

Larsen & Toubro hits 52-week high on steady order flow in construction arm

L&T today announced that its construction arm has secured significant orders from prestigious clients for various businesses