Page 17 - Larsen & Toubro

L&T profit before tax for Q3FY20 dips 5%, firm misses street estimates

After tax, the company reported a consolidated profit of Rs 2,353 crore, a jump of 15 per cent

Moral considerations and profit maximisation

There are countless examples of corporates supporting horrible regimes. United Fruit, Shell, Rio Tinto are some of the better known cases

L&T Infotech posts double-digit revenue growth in Q3, profit up marginally

During the quarter, operating margin of the L&T Group company improved 70 basis points to 16.2 per cent, owing to favourable cross-currency movement

How L&T's early warning system helped evacuate 1.2 mn during Cyclone Fani

Developed by L&T's Smart World & Communication Unit, EWDS has a unique architecture.

L&T Q2 net up 7% to Rs 2,770 cr, ordewr book swells to Rs 3 trillion

Consolidated revenues up 15% to Rs 35,328 crore

L&T's tech twins show contrasting fortunes; LTTS falls 10%, LTI gains 7%

After muted performance over the last few quarters, LTI put up a better show in Q2FY20

L&T, Afcons in fray to develop Rs 5,877 cr Gorakhpur Link Expressway

A flagship of Adityanath govt, the 91 km-long Expressway will be developed in two different packages, for which UPEIDA has received 21 bids from 13 companies

L&T builds coast guard ship 'Varaha', its 51st offshore patrol vessel

During the coming weeks, Larsen and Toubro said the fifth OPV Varad which was launched was getting ready for taking up sea trials

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher

L&T strengthens leadership team at Mindtree, inducts senior executives

Sources in the know said a tweak in the branding of Mindtree is also on the cards

L&T consortium bags offshore jacket installation project from Saudi Aramco

Larsen & Toubro on Thursday said a consortium of its arm LTHE, and EMAS AMC PTE Ltd has been awarded a project by Saudi Aramco for offshore jackets. The project is for installing 28 offshore jackets in Zuluf, Marjan, Sfaniya and Ribyan offshore fields of Saudi Arabia, as per a BSE filing by L&T. "Consortium of L&T Hydrocarbon Engineering Ltd (LTHE) and EMAS AMC PTE Ltd (a subsea7 company) has been awarded a project by Saudi Aramco," it said. LTHE is a subsidiary of L&T and is based in Mumbai. The award demonstrates Saudi Aramco's trust on LTHE's capability to deliver to a challenging schedule with excellent safety and quality performance, it said. LTHE's fabrication facilities in the Middle East and India are fully equipped to execute these challenging projects, the company added. subsea7 is a Luxembourg-based offshore projects delivering company.

Rs 9,500-crore DIAL project to increase airport's capacity goes to L&T

The operator expects that after the expansion, Terminal 1 will have an overall handling capacity of 85 million passengers per year

Construction, engineering companies line up for water-related projects

Clearances, both environmental and land, may be a challenge

L&T Q1 net profit rises 21% to Rs 1,472.58 crore, maintains guidance

Top officials at L&T feel that private investment is unlikely to make a comeback for 12-18 months

'Mindtree is independent': L&T tells shareholders after shares plunge

Mindtree shares have lost close to a quarter of their value in the last two trading sessions at stock exchanges

Remuneration for L&T's top three officials up 45-100% in FY19: Report

Remuneration for the company's CEO and MD S N Subrahmanyan rose 52.36 per cent.

L&T power business bags Rs 7,000-cr order from SJVN Thermal in Bihar

Infrastructure major Larsen & Tourbo (L&T) Monday said its power business has won a mega order from SJVN Thermal Pvt Ltd to set up an ultra-supercritical power plant in Buxar district, Bihar. The engineering and construction company, did not provide the exact value of the contract, but specified that as per its classification, the mega project is over Rs 7,000 crore. "The scope of work for L&T includes design, engineering, manufacture, procurement, supply, construction, erection, testing and commissioning of Buxar Thermal Power Project (2x660 MW). SJVN Thermal Pvt Ltd is a wholly-owned subsidiary of SJVN Ltd, a joint venture of the Government of India and the Government of Himachal Pradesh and a Mini Ratna public sector undertaking. Prime Minister Narendra Modi laid the foundation stone of the plant in March this year. Shares of the company were trading at Rs 1,545.40 apiece, up 0.35 per cent from their previous close, on BSE.

L&T promoters to offload 4.03 million LTTS shares on June 4 and 6

Larsen & Toubro Technology Services (LTTS) Monday said its promoter L&T plans to sell 40.34 lakh shares on June 4 and 6. LTTS in a BSE filing said that L&T will sell up to 40,34,399 equity shares of face value of Rs 2 each that represent 3.88 per cent of the total paid up equity share capital. The floor price of the offer shall be Rs 1,650 per equity share of the company. The shares will be sold on June 4 (for non-retail investors) and June 6 (for retail and non-retail investors who choose to carry forward their unallotted bids), it said. At the end of March 2019, L&T held 78.88 per cent shares in LTTS. Shares of LTTS closed at Rs 1723.75 apiece Monday, down 2.18 per cent from the previous close on the BSE.

L&T m-cap to touch Rs 3 trn, revenue at Rs 2 trn in 5 years: Chairman Naik

Larsen & Toubro's standalone market capitalisation will touch Rs 3 lakh crore and revenue will reach Rs 2 lakh crore in five years as strategic initiatives like L&T NxT have helped in making giant strides, Group Chairman A M Naik said. The recently launched L&T-NxT initiative is a technology platform that focusses on artificial intelligence, internet of things (IoT), virtual reality, augmented reality, geospatial solutions as well as cybersecurity. The USD 20 billion diversified L&T Group has a market cap of about Rs 2.5 lakh crore at present. "Five years from now, I expect L&T standalone market cap to be in the range of Rs 3 lakh crore from the present about Rs 2 lakh crore... L&T's revenue will then touch Rs 2 lakh crore from the present about Rs 1.4 lakh crore," Naik told PTI in an exclusive interview. According to him, when he took over as L&T CEO, the combined market cap was around Rs 2,000 crore and it has now surged to Rs 2.5 lakh crore. He joined ...

L&T net up 8% at Rs 3,418 cr in Q4; dividend of Rs 18 a share announced

The company's revenues increased 10 per cent to Rs 44,934 crore in Q4FY19 year-on-year.