Page 6 - Larsen Toubro

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

Infrastructure major L&T bags 'significant' orders in Middle East

Infrastructure major Larsen & Toubro (L&T) on Tuesday said that its hydrocarbon division has bagged "significant orders" from a client in the Middle East. The company did not disclose the order value. However, according to its classification, significant orders value in the range of Rs 1,000 crore to Rs 2,500 crore. "The Hydrocarbon vertical, L&T Energy Hydrocarbon (LTEH) of Larsen & Toubro (L&T), has secured an onshore order and an offshore order from a prestigious client in the Middle East," the infrastructure major said in a stock exchange filing. The scope of work for the onshore order comprises engineering, procurement and construction of an enclosed ground-flare system and demolition of existing facilities, reducing flame and smoke visibility to the nearby ongoing large-scale residential developments. The offshore order involves mainly brownfield work including upgradation of shutdown systems in existing offshore platforms. Larsen & Toubro is a USD 23 ...

Brokerages divided on L&T's new order prospects, exposure to West Asia

L&T's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections

L&T's Heavy Engineering unit bags 'significant' orders in India, overseas

Larsen & Toubro (L&T) on Tuesday said that its arm Heavy Engineering has bagged 'significant' orders in the domestic and international markets. The company did not disclose the value of orders. However, according to company, the value of significant order is between Rs 1,000 crore and Rs 2,500 crore. "L&T Heavy Engineering (HE)'s Modification, Revamp and Upgrade (MRU) business segment has bagged a major order from a key oil and gas customer...for their important debottlenecking project. For the last couple of years, MRU business has concentrated on Middle East opportunities and this order is an important milestone for MRU business in the Middle East," the company said in a filing to BSE. In another development, MRU business has also secured the Coke Drum critical repair project from (Indian Oil Corporation Ltd) IOCL Gujarat Refinery, according to the filing. The company has also secured orders for several critical equipment in the process plant equipment segment ...

Shri Ram Janmabhoomi Mandir to last over a thousand years, says L&T

Ayodhya Ram mandir stands as a symbol of endurance designed and constructed to last a thousand years, said Larsen & Toubro

Shri Ram Janmabhoomi Mandir to last over a thousand years, says L&T

Ayodhya Ram mandir stands as a symbol of endurance designed and constructed to last a thousand years, said Larsen & Toubro

L&T wins Rs 10,000 crore electrification order for high-speed rail project

The company said this would be the first of its kind railway project in India involving the implementation of Japanese Shinkansen High Speed Electrification Techno­logy