Page 5 - Larsen & Toubro

Expanding bond market to ease capital needs key to India's $5 trn goal

Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent

Stocks To Watch: RIL, HCLTech, L&T, Adani Power, Atul Auto, SpiceJet

Stock Market Today: RIL reported a 4.8 per cent year-on-year decline in consolidated profit for Q2 FY25, totaling Rs 16,563 crore, and missing analyst expectations.

Order pipeline, margin gains positive for Larsen & Toubro's stock

The brokerage believes that the order book would grow at 12 per cent CAGR over FY24-27

Cap goods, engineering firms see new order wins worth Rs 2 trn in H1FY25

Industry sources estimate sluggish demand for cement, slow awarding for roads in the first half

L&T wins Rs 10K-15K cr power transmission, distribution orders in West Asia

As of June, L&T had an outstanding order book of Rs 4.90 trillion, of which 35 per cent was from West Asia

FIIs up long bets in Nifty, long-short ratio hops to 3:1; retail add shorts

Derivatives market update for Sept 23: FIIs net bought over 1 lakh contracts of Nifty futures and 25,878 contracts of Bank Nifty futures on Friday. Retail investors hold 2 shorts for every long bet.

L&T Semiconductor Technologies, IBM ink pact to develop advanced processors

Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps

LTIMindtree and L&T Technology Services plug into high-growth nodes

Strategic reboots and fresh opportunities drive broker upgrades for the two L&T subsidiaries

Schneider looks to raise India's share in industrial automation biz to 25%

In 2020, Schneider Electric completed the purchase of Larsen & Toubro's switchgear business which was acquired by Schneider Electric in 2020

Larsen & Toubro bags 'large' order for infra development in Maharashtra

Engineering and construction conglomerate Larsen & Toubro (L&T) on Wednesday said that it has bagged a 'large' order for integrated infrastructure development in Maharashtra. The order has been bagged by the Transportation Infrastructure vertical of L&T, the company said in a stock exchange filing. Orders in the range of Rs 2,500 crore to Rs 5,000 crore are classified as 'large' by the company. "L&T has secured an order for integrated infrastructure development project in town planning schemes 2 to 7 under the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra," it said. The project has been awarded by City and Industrial Development Corporation Limited (CIDCO) for integrated infrastructure development of roads, construction of various major and minor structures and allied electrical works. The project also involves construction of utility works and allied electrical works. L&T is a USD 27-billion company engaged in engineering, procurement .

L&T gains 3% on winning large orders; rallies 8% in 3 days post Q1 results

L&T share price had hit a record high of Rs 3,948.60 on June 3, 2024. Meanwhile, The management maintained its guidance of 15 per cent revenue growth and 10 per cent order inflow on the higher base of

L&T likely to outperform guidance after strong Q1 FY25 performance

Assuming valuations at around 30 times price-to-earnings and valuing holdings in listed subsidiaries at a discount of 25% to fair-value, there could still be an upside of 15-20%

L&T Finance Q1 results: Consolidated net up 29% on healthy margins, fees

Its NIM plus fees and other income improved by 144 basis points to 11.08 per cent in Q1FY25 from 9.64 per cent in Q1FY24, LTF said in a statement

L&T bags Rs 10-15K cr order to build two solar plants in West Asia

Proposed plants will have a cumulative capacity of 3.5 GW, the Indian engineering giant said. The work on the projects will commence soon

DRDO, L&T begin advanced stage trials of indigenous light tank 'Zorawar'

In a major boost to Indian forces deployed opposite China in Ladakh, premier defence research agency Defence Research and Development Organisation (DRDO) and private sector firm Larsen and Toubro (L & T) are at advanced stage of trials of the indigenous Light Tank Zorawar.DRDO chief Dr Samir V Kamat today reviewed the progress made in the project at the Larsen and Toubro plant at Hajira in Gujarat.Developed in a record time of two years for high altitude areas of Ladakh, the tank is testimony to Indian progress in indigenous manufacturing.The DRDO and L & T have integrated USVs in loitering munitions in the tank learning lessons from the Russia and Ukraine conflict.The light tank Zorawar with 25 tonnes in weight and it is the first time, a fresh tank has been designed and made ready for trials in such a short time.59 of these tanks will be provided to the Army initially and it will be a front runner for the major programme of 295 more of these armoured vehicles.The Indian Air .

Bridging the skill gap

Quality training remains an elusive goal

Fitch affirms 'BBB+' rating on Larsen & Toubro with stable outlook

Fitch Ratings said it has affirmed 'BBB+' rating with stable outlook on Larsen & Toubro and stressed that the ratings indicate strong financial structure and sound financial flexibility of the company. "Fitch Rating has assigned India's Larsen & Toubro Limited (L&T) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BBB+'. The Outlook is Stable," the rating agency said in a statement on Tuesday. The ratings reflect the company's strong market position as a large global engineering and construction company with above-average profitability and solid revenue visibility. "We believe L&T's robust record of steady margins, which is backed by adequate risk management and diversification into stable and high-margin IT and technical services businesses, buffers its ratings against the inherent risks in the E&C (engineering and construction) sector," it said. The credit rating agency further said that the stable outlook reflects its view that .

Stocks to Watch, June 12:L&T, Cipla, Patanjali Foods, TCS, TVS Supply Chain

Stocks to Watch on Wednesday, June 12: L&T expects private capex to pick up gradually post general elections in India in FY25.

L&T looks to crack China hi-tech code; deploys on-ground teams, taps MNCs

L&T is looking at cutting down on certain imports from Europe

Larsen & Toubro rallies 3% on strong outlook; stock surges 14% in 3 weeks

L&T share: Focus on lower balance sheet intensity, restructuring of metro project and focus on cash flows will drive rerating for the stock