The Hansen collection, being auctioned by Sotheby's, includes Gaitonde, Ram Kumar and Krishen Khanna
The Acquisition Wing, Ministry of Defence signed contracts with Bharat Earth Movers Ltd (BEML), Tata Power Company Ltd (TPCL), and Larsen & Toubro (L & T) on August 31.
The deal, which was first announced in May 2018, is worth Rs 14,000 crore and is one of L&T's biggest divestment so far by value
MEP Infrastructure was up around 4.5 per cent to Rs 18.70 on the BSE.
We have been working continuously through the lockdown, says S N Subrahmanyan
Sun Pharma's counter has provided a fresh breakout after retesting its rising channel on the daily chart
Ministry had planned to import such tanks to counter possible attack by Chinese troops
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L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.
L&T Group Chief Financial Officer R Shankar Raman said Chinese firms, which it had contracted, are providing critical equipment for some of the projects and helping in implementing and operating them
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The new appointments have been made after Shailendra Roy, whole-time director, ceased to be a director of the company on account of his superannuation
Larsen & Toubro non-executive chairman A M Naik on Tuesday said he was "apprehensive" about bidding for Rs 1,338-crore ITER's cryostat contract for the world's largest experimental thermo-nuclear fusion reactor in France as it was considered as "too risky" a bet. The company, which bagged the contract in 2012from ITER India, a wing of Department of Atomic Energy,to manufacture and install the cryostat, on Tuesday flagged off the last delivery of top lid sectors of the cryostat to the facility in France. Naik, who had joined the flag off ceremony through a virtual platform, recollected the days of 2011 when he was in doubt whether the company should bid for the project or not. "At the time when we were quoting in 2011, this project was perceived by L&T and by me in particular...if you want to call me a culprit...as a risk. The contract included construction of large temporary workshops in France within two years of award of contract with capacity of 200 MT and I was very ...
By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991
The memorandum of understanding (MoU) has been signed by L&T Hydrocarbon Engineering
Naik's present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE
The company had clocked a consolidated net profit of Rs 3,586.48 crore in the year-ago period
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Pvt investment will increase opportunities
L&T's stock has gained 17 per cent in the past six trading days