Page 9 - Larsen Toubro

HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore

Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.

L-T profit misses as infrastructure growth eases; net profit rose 24%

BENGALURU (Reuters) -India's Larsen & Toubro reported a smaller-than-expected rise in quarterly profit on Monday, as moderate growth in order inflows hurt the infrastructure company.

Larsen & Toubro sells business division to subsidiary LTTS for Rs 800 crore

The business transfer to L&T Technology Services will be on slump sale basis

L&T Realty Developers to sell its entire stake in Think Tower Developers

L&T Realty Developers Ltd, a subsidiary of L&T, has agreed to sell its complete stake in Think Tower Developers Pvt Ltd, the engineering and construction conglomerate said on Thursday. The agreement is expected to complete on January 30, which is subject to the completion of closing conditions. "L&T Realty Developers Ltd, a wholly owned subsidiary of Larsen & Toubro Ltd, has entered into an agreement to sell its entire stake of 99 per cent in Think Tower Developers Private Ltd, a subsidiary company (TTDPL), on January 5," Larsen and Toubro (L&T) said in a regulatory filing. TTDPL will cease to be a subsidiary company, the filing added. "The entire stake held by L&T Realty Developers Ltd in the company is being sold to Pratik Harshad Kalsariya, who does not belong to the promoter group," the company said.

2023 to be a challenging year due to Covid recurrence, says L&T CEO

Soaring price of oil, gas and other commodities, however, a concern, Subrahmanyan says

Stocks to Watch: Hinduja Global, Just Dial, IRB Infra, SWRE, Ramco Systems

Stocks to Watch Today: Larsen & Toubro is also likely to see some action on Tuesday as the engineering major is looking to pare stake in its subsidiaries - Nabha Power and Hyderabad Metro.

Ongoing divestment, healthy order inflows positive for Larsen & Toubro

Analysts expect a 12-15 per cent upside from current levels

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs

In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.

Larsen & Toubro hits record high; market-cap crosses Rs 3 trn mark

L&T is the best proxy for domestic capex given its market leadership in the engineering and construction industry, diversified revenue stream and strengthening balance sheet.

L&T bags new large order in proposed Mumbai-Ahmedabad bullet train project

Larsen and Toubro (L&T) says it has bagged another 'large' order in the proposed Mumbai-Ahmedabad bullet train project from National High-Speed Rail Corporation

Larsen & Toubro closes $107 million sustainability-linked loan with SMBC

Sustainability-linked loans aim to facilitate and support environmentally and socially sustainable economic activity and growth

HSBC Asset Management Company completes acquisition of L&T Mutual Fund

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds

L&T gains 3% in two days, hits record high on strong order prospects

The inflow momentum looks set to continue with a strong Rs 6.3 trillion-prospective pipeline and better conversion ratio

F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro

The derivative analyst from HDFC Securities recommends to Buy L&T 2100 Call and simultaneously Sell 2160 Call of the 29-December expiry.

L&T buys Japan-based Chiyoda's entire stake in JV LTC for Rs 75 cr

Larsen & Toubro (L&T) on Tuesday said it has bought the entire stake held by Chiyoda Corporation in L&T-Chiyoda Ltd for Rs 75 crore. L&T-Chiyoda Ltd (LTC) is a joint venture between L&T and Japan-based Chiyoda Corporation (Chiyoda). The buyout is likely to be completed by the end of next month, the engineering and construction conglomerate said in a regulatory filing. "The acquisition is a related party transaction and approval of the audit committee and board of L&T have been taken," the filing said. LTC was formed with an aim to provide engineering and related services for the hydrocarbon industry to support L&T's EPC business in the domestic and international market. In the past 27 years, LTC has worked on more than 300 projects, including complex refinery and petrochemical processes. "L&T and Chiyoda hold 50 per cent shares in LTC. Hence, purchase of Chiyoda's share by L&T is a related party transaction. The transaction is done at arms length as

Larsen & Toubro nears record high after strong Q2FY23, healthy order book

Analysts believe that L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Larsen & Toubro Q2 PAT jumps 26% to Rs 2,819 cr on higher revenue from ops

Engineering and construction major Larsen & Toubro (L&T) on Monday reported a 26 per cent rise in consolidated net Profit After Tax (PAT) at Rs 2,819.20 crore for the quarter ended September on the back of higher revenue from operations. The company had posted a consolidated net PAT of Rs 2,231.33 crore in the year-ago period, L&T said in a filing to BSE. The consolidated revenue from operations increased by 22.9 per cent to Rs 42,762.61 crore from Rs 34,772.90 crore in the July-September quarter a year ago, the filing added. The company recorded orders worth Rs 51,914 crore at the group level during the July-September period, registering a growth of 23 per cent over the corresponding period of the previous fiscal. During the second quarter, the company bagged orders across various sectors like public spaces, nuclear power, irrigation and renewables. Of the total order inflow, international orders were worth Rs 17,341 crore. The consolidated order book of the group stood ..

MGS, Light Tank, WhaP: DRDO presents 3 'Make in India' successes at DefExpo

The DRDO has chosen Larsen & Toubro as a "design cum production partner"