Page 2 - Larsen & Toubro

In relief for L&T, SC accepts scrapping of MMRDA's ₹14,000 cr road tender

Supreme Court rules that cancelling the tender for Mumbai road projects serves public interest, paving way for fresh bids and ending L&T's legal challenge

L&T board pay jumps two-fold in FY25, employee headcount shrinks 1.4%

The median remuneration for key managerial personnel (KMP) rose 7.7 per cent to ₹1.85 crore, with one executive listed under this category

Thane road, tunnel tender row: HC denies relief to L&T, okays bid opening

The Bombay High Court on Tuesday denied relief to construction giant Larsen & Toubro (L&T) in connection with the dispute over the Thane-Ghodbunder to Bhayandar tunnel and elevated road projects, giving a go-ahead for the opening of tender bids. A vacation bench of Justices Kamal Khata and Arif Doctor said it was not continuing its interim stay passed last week restraining the Mumbai Metropolitan Region Development Authority (MMRDA) from opening the financial bid, which is the last stage of the tendering process. The financial bid was scheduled to be opened on May 13. L&T had filed two petitions in the high court earlier this month, challenging the non-intimation of the status of its bid by the MMRDA for the projects. The bench on Tuesday rejected the petitions but directed the MMRDA to keep the company's price bids in a sealed cover for one week after the tender is opened. "We are not continuing the earlier interim order of stay," the court said. The construction company,

L&T up 7% in 2 days, crosses 200-DMA after 4 months; chart flags this alert

Meanwhile, brokerage firm Nomura has retained its 'Buy' rating on Larsen & Toubro post Q4 results; but lowered the target price.

L&T up 7% in 2 days, crosses 200-DMA after 4 months; chart flags this alert

Meanwhile, brokerage firm Nomura has retained its 'Buy' rating on Larsen & Toubro post Q4 results; but lowered the target price.

Street positive on Larsen & Toubro despite near-term concerns

L&T is optimistic about the GCC region for renewable, clean energy and transmission projects

L&T stock gains 2% on winning ultra mega order; soars 12% so far in March

L&T had guided for 10% YoY growth in its order inflow for FY25E, which has been comfortably surpassed with the recent order win

L&T bags biggest order till date for offshore units from QatarEnergy LNG

L&T secures largest order till date from QatarEnergy LNG to commission two offshore compression complexes

L&T-Cloudfiniti partners with three AI startups to drive digital innovation

Larsen & Toubro on Tuesday announced its division L&T-Cloudfiniti has partnered with three leading Artificial Intelligence (AI) startups, including one based in Europe. The partnerships have been established with Hanooman AI, CoRover, and Pidima AI. The collaborations will focus on developments in healthcare, life sciences, vertical AI, and conversational technologies in India and across the globe by harnessing cutting-edge AI models to transform key industries and drive digital innovation in multiple sectors, Larsen & Toubro (L&T) said in a filing to BSE. The partnership between L&T-Cloudfiniti and Hanooman AI, an AI startup in the healthcare and life sciences space, will leverage the latter's advanced AI-powered tools to accelerate healthcare transformation in India. By integrating AI-driven insights into healthcare practices, Hanooman will improve patient outcomes, optimise treatment pathways, and advance medical research in life sciences, it said. With its ...

L&T board approves nearly Rs 12,000 crore debt-based fundraising plan

L&T also announced appointment of Subramanian Sarma, whole-time director and president, energy, as the deputy managing director and president of the company with effect from April 2, until Feb 2028

L&T signs pact with ACWA Power to build desalination plant in Saudi Arabia

Larsen & Toubro (L&T) on Thursday said it has entered into a pact with ACWA Power, a developer in the Middle East, to build a desalination plant in Saudi Arabia. The water and effluent treatment business of L&T won the order in a joint venture with Lantania of Spain. The project's scope includes design, procurement, construction, testing and commissioning of a seawater reverse osmosis desalination plant, L&T said in a statement. The plant will serve as a drinking water source for Makkah Al-Mukarramah and Al-Baha regions, benefiting about one million population. This is the second desalination order that L&T has received in Saudi Arabia in the recent past and it strengthens the company's presence in the Middle East. This large order underscores the company's resolve to expand its regional footprint across all neighbouring and business-conducive geographies. Contracts worth Rs 2,500-5,000 crore are categorised as large orders by the company. L&T is a USD 27 ...

L&T bets on space exploration as India expands private rocket industry

At its factory in Coimbatore, in the southern Indian state of Tamil Nadu, L&T is assembling the country's first privately built Polar Satellite Launch Vehicle (PSLV)

Larsen & Toubro wins major power transmission orders in India, overseas

In India, L&T has been awarded a contracts in UP and southern India, while overseas, L&T has secured projects in Saudi Arabia and UAE

Larsen & Toubro wins major power transmission orders in India, overseas

In India, L&T has been awarded a contracts in UP and southern India, while overseas, L&T has secured projects in Saudi Arabia and UAE

L&T secures major Hindalco order to build alumina refinery in Odisha

Larsen & Toubro on Thursday said it has secured a large order from Hindalco for setting up an 850 KTPA (kilo tonne per annum) greenfield alumina refinery plant in Odisha. The order has been secured by its Minerals & Metals (M&M) business vertical, Larsen & Toubro (L&T) said in an exchange filing. According to the company's classification, a large order ranges between Rs 2,500 crore and Rs 5,000 crore. The scope of work includes engineering, manufacturing, supply, construction & installation in collaboration with reputed technology providers. L&T's M&M vertical offers world-class end-to-end solutions in the Engineering, Procurement, and Construction (EPC) domain across sectors such as mining, minerals processing, industrial products and material handling.

Welfare scheme benefits causing labour shortages in construction: L&T MD

Addressing the CII Mystic South Global Linkages Summit, L&T's MD noted that despite the crucial role of construction in national development, the industry is struggling due to a lack of workforce

Strong order inflow, execution likely to be positives for L&T stock

The company is well-placed in 4-5 large domestic orders and has visibility of Rs 50,000 crore in inflows for Q4FY25

Brokerages bullish on L&T post steady Q3, eye domestic capex, global growth

After a steady set of third quarter numbers, L&T shares were the top gainer on both the 30-stock BSE Sensex and the NSE Nifty50 today

L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, revenue up 17%

Larsen & Toubro Q3 FY25 results: International revenues accounted for 51 per cent of total revenues at Rs 32,764 crore

L&T wins big order for freight handling in gulf worth Rs 1,000-2,500 crore

The project will include designing, procuring materials, constructing, and setting up advanced automated freight handling systems at two locations