Conglomerate expects private capex cycle to remain muted in the current financial year
They'll jointly manufacture over 100 self- propelled howitzers for Indian Army
Engineering conglomerate Larsen& Toubro Ltd's longawaited succession plan is now official and approved with the company's boardgiving its go-ahead to appoint SN Subrahmanyan as the new chief executiveofficer and managing director from July 2017. Even as Subrahmanyan takes reigns of the conglomerate asMD& CEO, group's current Executive Chairman AN Naik is expected to continueas non-executive chairman from October 2017 for another three years time. With a well-planned succession plan and Naik around to guidethe group, Subrahmanyan expects business to continue at the group the "L&Tway". "This was a well planned succession plan and Mr. Naik has been groomingme and last two three years we have had a very close working relationship. Thestrategic plan for 2020-21 is already in place. It would be business the way L&Twould do it," Subrahmanyan said in a telephonic interview with BusinessStandard. Subrahmanyan joined L&T in 1984 and in 2011 was inducted into theL&T ...
PSLV-C37 was using S139 Motor Casings manufactured by the Aerospace Business Group of L&T
Consolidated net profit at Rs 1,435 crore in the quarter, against Rs 778 crore a year earlier
A combined 17.91 million equity shares representing 1.96% of total equity of L&T changed hands on the NSE and BSE till 09:43 am.
The government has managed to raise around Rs 21,400 crore through divestments and buybacks
The stock moved higher by 2.6% to Rs 1,474 on the BSE.
Allotment of the ESOPs took place before the RHP was filed, a L&T spokesperson said
Naik has served the largest engineering and construction behemoth for more than a half a century
L&T's modular fabrication facility in Tamil Nadu will be used for the production
Interview with Chief financial officer, Larsen & Toubro
Group set to file a draft red herring prospectus in the coming weeks; looks at a valuation of $1-1.5 billion
L&T's long-serving chief says he knows everything about L&T 'on the pulse'; focus on grooming the next line of leadership
The stock of Larsen & Toubro was trading 0.81 per cent lower at Rs 1,561.95 on BSE
Orders bagged from Mitsubishi Hitachi Power Systems Ltd through its two joint venture (JV) firms
The company's division L&T Construction has won orders worth Rs 2,416 crore across three businesses
The stock has risen 20% after results but analysts call it an over-reaction to positive forecasts by the company
The Odisha government is sending its final compliance to the Union Mines Ministry on L&T's bid for the mines
L&T Infotech's IPO to go ahead with lower valuations