Larsen & Toubro (L&T) on Thursday said it has entered into a pact with ACWA Power, a developer in the Middle East, to build a desalination plant in Saudi Arabia. The water and effluent treatment business of L&T won the order in a joint venture with Lantania of Spain. The project's scope includes design, procurement, construction, testing and commissioning of a seawater reverse osmosis desalination plant, L&T said in a statement. The plant will serve as a drinking water source for Makkah Al-Mukarramah and Al-Baha regions, benefiting about one million population. This is the second desalination order that L&T has received in Saudi Arabia in the recent past and it strengthens the company's presence in the Middle East. This large order underscores the company's resolve to expand its regional footprint across all neighbouring and business-conducive geographies. Contracts worth Rs 2,500-5,000 crore are categorised as large orders by the company. L&T is a USD 27 ...
L&T share price outlook: L&T is trading below the 20-MMA, and now testing support at 100-WMA. Chart also shows formation of 'Death Cross'; trade below this key moving average can trigger a fresh fall.
Larsen & Toubro reported a consolidated net profit of Rs 3,359 crore in Q3FY25, reflecting a 13.9 per cent increase compared to Rs 2,947.4 crore in Q3FY24
Larsen & Toubro Q3 FY25 results: International revenues accounted for 51 per cent of total revenues at Rs 32,764 crore
The rise in L&T share price followed the company's announcement of a 'significant' order win, along with growing anticipation surrounding its upcoming Q3 results
Larsen & Toubro share: Brokerage see strong order inflows and better execution driving Larsen & Toubro's third quarter revenues and profits higher
Technical chart shows that L&T, NTPC, Jain Irrigation seem to be placed favourably, while Siemens and Power Grid Corporation look weak. Here are the key levels to watch out on these 5 shares.
Management expects tech and sustainability to continue the growth momentum in the near-to-medium term, while mobility is to remain muted in Q4 but should rebound by FY26
L&T, Grasim, UltraTech raise funds via 10-year bonds
The stock hit a new high of Rs 3,948, surpassing its previous high of Rs 3,919.90 touched on June 3 and rallied 13 per cent in 12 trading days
As an investment strategy, Wood has taken exposure in the US-listed online travel company MakeMyTrip in the India long-only portfolio with a 4 per cent weighting
Ind-Ra expects the consolidated order book of L&T to grow at a sustainable pace over FY25-FY26 due to order inflows from both domestic and international segments.
The NSE Nifty topped the 24,300-level, and was up 350 points following BJP-led Mahayuti alliance landslide victory in Maharashtra elections. Index heavyweights SBI and RIL were the top gainers so far.
L&T in an exchange filing today informed that the company has entered into an Investment Agreement on November 5, 2024 for acquisition of up to 21 per cent stake in E2E Networks.
The rise in L&T share price came after the company reported a healthy set of September quarter numbers on October 30, 2024
Maintains guidance on order inflow and revenue generation for full-year
L&T Q2 results preview: The engineering, procurement and construction (EPC) major's core revenue is expected to have grown in Q2FY25 as its domestic execution normalises
Markets remained volatile and ended slightly lower, taking a breather after Tuesday's decline
Larsen & Toubro (L&T) on Friday said it has entered into a pact with US-based Clean Core Thorium Energy (CCTE) for providing efficient solutions in clean energy globally. The partnership aims to accelerate nuclear power deployment globally, particularly in developing countries which require large amount of carbon-free electricity for their growth. "Larsen & Toubro...announced the signing of a Memorandum of Understanding (MoU) to collaborate on providing efficient solutions globally in clean energy through CCTE's patented ANEEL (Advanced Nuclear Energy for Enriched Life) fuel," the company said in a filing to BSE. ANEEL is a nuclear fuel that combines thorium and high assay low-enriched uranium. It's designed to be used in pressurized heavy water reactors, such as CANDU (Canadian deuterium-uranium) reactors. This fuel is expected to significantly reduce life-cycle operating costs and the waste produced (by over 85 per cent while improving safety due to its Accident Tolerant
Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps