Page 7 - Larsen Toubro

L&T's middle east order book swells with Saudi Arabia's construction boom

As of June, L&T reported an outstanding order book of Rs 4.12 trillion, with Rs 1 trillion of these orders originating from the Middle East

India's 'intrapreneur'

A M Naik created an exemplar of professional management

A M Naik, 81 steps down as chairman of L&T; S N Subrahmanyan takes charge

A M Naik stepped down as the chairman of L&T Group on Saturday. He handed over the reins of the USD 23 billion conglomerate to S N Subrahmanyan at an event in Mumbai. Naik, 81, will now be the chairman of the employees trust. He will focus on increasing many philanthropic initiatives that he has been undertaking for the past few years, according to a statement. India Post unveiled a postage stamp on Naik on the occasion. Naik's attention going forward will be on his philanthropic initiatives, including the Naik Charitable Trust which focuses on education and skill-building of the underprivileged, and the Nirali Memorial Medical Trust dedicated to facilitating super speciality healthcare at subsidised cost. Naik joined the company in 1965 as a junior engineer and went on to become its Group Chairman. In the nearly three decades in leadership roles, Naik helped the company grow to its present size and stature, the statement said.

Change of guard at L&T: Size, scale key challenges for S N Subrahmanyan

Cut to 2019, L&T was on the buyer side of the table of a hostile takeover of tech company Mindtree

BAE Systems partners L&T to build BvS10 all-terrain vehicle in India

The BvS10 will participate in Indian Army trials starting in September 2023

LTTS to add 2000 employees to cater to rising software demand in vehicles

We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, CEO of LTTS Amit Chadha added

Larsen & Toubro revises buyback price upward to Rs 3,200 per share

"The company is confident that the shareholders will take advantage and benefit from the buyback offer," Shankar Raman, Whole Time Director and chief financial officer, said

Larsen & Toubro snaps up nearly $4 billion order from Saudi Aramco

Engineering firm's shares hit new high

L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high

The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback

L&T sees share of private orders settle at a third but remain below peak

MUMBAI (Reuters) - Larsen & Toubro, India's largest capital goods company, expects the contribution from private sector projects to be at about a third of its orderbook as investment activity picks up, a senior executive said.

L&T makes 'asset heavy' exception for $1 billion green hydrogen play

Company to target build-own-operate opportunities, a shift from its 'asset-light' policy

Chandrayaan-3 boost: L&T aims big on commercial satellite launch business

To bid for SSLV tech; targets its first PSLV launch next yr

L&T, MTAR, HAL: Stocks related to Chandrayaan-3 extend gain, soar up to 20%

Centum Electronics and Paras Defence were the top gainers in Thursday's intra-day deals, zooming up to 20 per cent.

These Chandrayaan-3 linked firms gained ahead of successful moon touchdown

The mission received heightened attention after Russia's Luna-25 mission failed less than a week earlier

L&T Construction wins orders for power transmission & distribution business

Orders to establish two new 132kV substations have been received from a public services infrastructure company in Dubai

Share of L&T's slow-moving projects in order book at multi-year low

As a result, fast-moving orders have picked up

L&T to look at up to $4 bn investment in green hydrogen with partners

First, L&T's planned electrolyser factory at Hazira, which Subrahmanyan stated will involve an investment of Rs. 500 crore, as the land and factory are already in place

Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors

Stocks to watch on August 10, 2023: Shares of rate sensitive sectors, such as auto, banks and real-estate will be in focus on Thursday as RBI announces its policy decision.

Shareholder bonhomie at Naik's last AGM as an era draws to a close

Naik will remain chairman of the L&T Employees' Trust - the largest shareholder in the company with a 14 per cent stake

Larsen & Toubro planning to invest as much as $12 bn over next five years

L&T Energy Green Tech, a unit of the conglomerate, will execute the clean energy strategy and over time may expand into fuel cells, grid batteries and hydrogen vending