Page 16 - Larsen & Toubro

Sensex ends 269 pts up, Nifty tops 11,200; RIL m-cap crosses Rs 13.5 trn

All that happened in the markets today

L&T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish

L&T booked orders worth Rs 23,574 crore - a 39 per cent drop from the Rs 38,700 crore in Q1FY20.

Will be conscious of govt directives: L&T on partnering with Chinese firms

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

MARKET: Indices snap 5-day rally amid weak global cues, Sensex dips 59 pts

All that happened in the markets today

L&T announces three new board-level appointments in key business verticals

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

Was apprehensive about bidding for ITER's cryostat contract: L&T's Naik

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 ...

Covid-19, economic 'comorbidities' put India's progress since 1991 at risk

By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991

Larsen & Toubro inks pact with KBR for refinery, petrochemical projects

The memorandum of understanding (MoU) has been signed by L&T Hydrocarbon Engineering

L&T board approves A M Naik's reappointment as non-exec chairman for 3 yrs

Naik's present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE

Larsen & Toubro Q4 consolidated Q4 net profit down 4% at Rs 3,430 cr

The company had clocked a consolidated net profit of Rs 3,586.48 crore in the year-ago period

Sensex gains 307 pts as financials, metals rally; Nifty PSU Bank jumps 7%

All that happened in the markets today

Opening up the space

Pvt investment will increase opportunities

L&T gains for sixth straight day, up 12% in 2 days on multiple order wins

L&T's stock has gained 17 per cent in the past six trading days

How to build institutions

In the concluding part of the series, the author talks about the mindset, behaviour and action of 'shapers'

Derivative strategy by Nandish Shah of HDFC Securities for Larsen & Toubro

The stock price has broken down on the daily chart to close at the lowest level since May 2016 with higher volumes.

2019 was a tough year but optimistic about future: L&T's Subrahmanyan

He said the stoppage of infrastructure projects in multiple states, macroeconomic concerns, and the coronavirus scare have led to the company losing its growth momentum briefly

Engineering goes digital: L&T executing projects with new-age technologies

The group has become a model for the global construction industry on how to transform itself by using cutting-edge technologies.

L&T bags significant orders from Oman to develop water infrastructure

Larsen & Toubro (L&T) on Wednesday said the water and effluent treatment business of L&T Construction has bagged a significant order in Sultanate of Oman. The order is for the design and execution of a water infrastructure project to enhance the Al Dhakhlia water transmission system phase II, the infrastructure major said in a statement. "L&T construction has been awarded significant contract for its water and effluent treatment business... from a prestigious client in the Sultanate of Oman," it said. The scope of work includes 173 km of pipelines for water transmission with associated civil works, 18 RCC water storage reservoirs, 5 pumping stations with associated mechanical, electrical, control and instrumentation works, it added. The company did not provide the value of the contract, but said the order falls under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.

Engineering firms flock to data centre biz, see opportunities worth $2.7 bn

Typical of engineering companies, data centres are being targeted for two kinds of opportunities

Stock recommendation from Prabhudas Lilladher: Buy L&T, Tata Motors

For Tata Motors, the RSI has shown a trend reversal from the highly oversold zone to signal a buy and has maintained a positive bias