Page 6 - Larsen Toubro

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

Reliance, Jindal among six firms to get incentives for making electrolysers

Reliance Electrolyser Manufacturing, Jindal India and John Cockerill Greenko Hydrogen Solutions are among the six firms who have emerged as successful bidders for getting incentives to set up facilities to manufacture electrolysers, a critical component required for green hydrogen production. The bids came in response to a tender by Solar Energy Corporation of India (SECI) inviting players for setting up 1.5GW manufacturing capacity for electrolysers, as per a SECI statement. Bids for electrolysers manufacturing were invited on July 7 last year. A SECI statement issued on January 12, 2024, showed that Reliance Electrolyser Manufacturing Ltd has bagged incentives of Rs 444 crore for setting up of 300MW of manufacturing capacities for electrolysers. Similarly, John Cockerill Greenko Hydrogen Solutions Private Ltd and Jindal India Ltd have also bagged incentives of Rs 444 crore each for setting up 300 MW manufacturing capacity of electrolysers each. Ohmium Operations Pvt Ltd has bagg

Future strategy is all about sustaining this growth: L&T Finance CEO

As far as retail growth is concerned, you would see the target was 25% growth, and we have consistently achieved more than 30% growth, he said

L&T wins upward of Rs 5,000 cr order for Saudi Arabia's Amaala project

AMAALA is an ultra-luxury destination situated in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia's northwestern coast

L&T hits fresh high on EPC order win of Rs 5K-10K crore; zooms 70% in 2023

L&T classifies a 'major' order as the one worth anywhere between Rs 5,000-Rs 10,000 crore

Uttarakhand tunnel incident spotlights safety in existing, future projects

Engineering companies expect the incident to spotlight safety as a major aspect in future tunnel projects in India

With over Rs 10K cr win, L&T races to another robust quarter for orders

As of Monday, L&T has reported new order wins for FY24, just shy of the Rs 2 trillion mark by a few hundred crore

L&T Tech, NVIDIA to unveil Gen AI & advanced software for medical devices

This collaboration provides a complete solution for customers looking to transition to a software-defined business model via real-time AI applications

L&T to divest 100% stake in subsidiary LTIEL to focus on core businesses

L&T on Friday said it will sell its 100 per cent stake in subsidiary L&T Infrastructure Engineering Ltd (LTIEL) to a French entity. This transaction aligns with the company's commitment to focus on its core businesses and assets. "L&T...has announced the divestment of its 100 per cent stake in L&T Infrastructure Engineering Ltd ," the company said in a statement. LTIEL is a provider of standalone engineering consultancy services for the infrastructure sector. The stake will be acquired by STUP Consultants Pvt Ltd, a subsidiary of Assystem SA of France. The transaction, which is subject to meeting certain conditions, is likely to be completed before January 15, next year. "This is a step to exit the non-core standalone consulting engineering practice and focus energy and attention on our core businesses. It not only benefits L&T but also allows LTIEL and its employees greater avenues of growth," D K Sen, Advisor to Chairman and Managing Director, L&T said.

RBI imposes Rs 2.50-cr penalty on L&T Finance for non-compliance of norms

The statutory inspection of the company was conducted by the RBI with reference to its financial position as of March 31, 2021, and March 31, 2022

L&T Tech trims FY revenue growth guidance; Q2 profit up 4.7% to Rs 315 cr

The unit of engineering conglomerate Larsen and Toubro now expects revenue in dollars for this fiscal year ending March to grow 17.5%-18.5% in constant currency

L&T's hydrocarbon arm bags order for gas compression plants in Middle East

The scope of work involves engineering, procurement and construction of gas compression plants

L&T's hydrocarbon arm bags order for gas compression plants in Middle East

The scope of work involves engineering, procurement and construction of gas compression plants

Results preview: Profit of capital goods cos may stay the course in Q2

Margin improvement anticipated in Q2FY24 results amid lower costs

L&T's Power Business wins EPC orders West Bengal Power Development Corp

The Power Transmission & Distribution Business of Larsen & Toubro will set up wet Flue Gas Desulphurization (FGD) systems for its thermal power plant at Sagardighi, West Bengal