Page 5 - Larsen Toubro

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

Larsen and Toubro bags multiple orders for buildings, factories business

Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said its buildings and factories business vertical has bagged multiple orders. The company has bagged a project from the Institute of Neurosciences Kolkata, for constructing a medical college and hospital campus in Kolkata on a design and build mode. This involves a 605-bed hospital and a medical college. The project is to be executed in two phases over a period of 60 months. The scope of work includes civil structure and external development works. L&T's Buildings and factories business has also received several add-on orders. Larsen & Toubro is a 27 billion dollar Indian multinational enterprise engaged in Engineering, Procurement, and Construction (EPC) projects, hi-tech manufacturing and services operating across multiple geographies.

Revenue in FY25 to grow around 15%, tensions in West Asia a factor: L&T CFO

BENGALURU (Reuters) -India's national elections and global geopolitical tensions will hurt Indian engineering company Larsen and Toubro's (L&T) order inflow and revenue in fiscal year 2025, the firm said on Wednesday, after reporting fourth-quarter results that beat analysts' estimates.

L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15%

The company board has recommended a final dividend of Rs 28 per equity share. Shares of the company closed trading at Rs 3,485.2 on the BSE ahead of the company's Q4 results

L&T's power transmission biz bags multiple orders in India, overseas

Larsen & Toubro (L&T) on Wednesday said its power transmission and distribution business has bagged multiple orders in the country and overseas. The business has bagged orders to set up two floating solar plants in India. Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work. There are other site-specific merits too, besides reduction of water evaporation. The power transmission and distribution (PT&D) vertical has also received orders to set up transmission lines and a gas insulated substation to integrate solar energy zones in Rajasthan and Karnataka. These crucial links will enable the evacuation of renewable energy to load centres in various parts of the country. The company has also another order to build a gas insulated substation overseas. "The ...

L&T Q4 preview: Company may see 22% YoY jump in PAT; check key monitorables

On a quarter on quarter (Q-o-Q) basis, the company may see a sequential surge of 15-20 per cent in revenue in the January-March of FY24

Order pick up to sustain growth momentum for engineering major L&T

L&T's 9MFY24 saw a 65% surge in orders to Rs 1.8 trn propelled by international inflows, while domestic orders dipped by 11%

NBFC major L&T Finance Holdings receives approval for name change from RoC

The name of L&T Finance Holdings (LTFH) has been changed to L&T Finance Ltd following approval from the Registrar of Companies (RoC), the company said in a statement on Friday. Mumbai-headquartered L&T Finance, formerly known as L&T Finance Holdings, is a leading non-banking financial company (NBFC), offering a range of financial products and services. L&T Finance Managing Director & CEO Sudipta Roy said subsequent to the merger, effective December 4, 2023, the rebranding initiative reflects company's commitment towards creation of the simplified 'single lending entity', housing all lending businesses under one operating NBFC. "To us, the name change simply signifies a renewed focus on delivering value to our customers and driving sustainable growth," Roy said. In December 2023, the company had successfully completed the merger of its subsidiaries -- L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, with itself. Apurva Rathod, Company ...

BS Manthan: India has long road ahead in green energy targets, say experts

Country's ambition of rapid economic growth must balance with its climate change commitments, they say at Business Standard summit

L&T board approves a proposal to raise funds worth Rs 7,500 crore

L&T added, these funds would be raised in the form of external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate

L&T Technology Services to train 1,000 engineers in Nvidia's GenAI software

LTTS attended the Nvidia GTC global AI conference and revealed its plans to upskill its engineers in software such as Nvidia AI Enterprise, including Nvidia NeMo, Nvidia NIM

L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity

Programme will set up 'cybersecurity and cybercrime prevention centre' for public safety

A M Naik family office invests in medtech firm S3V Vascular Technologies

The Series B funds raised from Naik and other investors would be used to set up a state-of-the-art integrated manufacturing facility for neurovascular devices in Karnataka

L&T wins Rs 5,000 crore major onshore gas pipeline project in West Asia

This is the largest cross-country pipeline EPC (Engineering, Procurement, and Construction) project awarded to us to date, said Subramanian Sarma, whole-time director and senior executive vice prez

L&T ramps up green hydrogen play, plans launch of electrolysers in Sept

During the first phase, L&T looks to supply electrolysers to a mix of Indian procurers and foreign markets, with a 70:30 ratio, Shah said