Page 3 - Larsen & Tourbo L&t

L&T Q1FY25 analysis: Analysts eye order execution post strong June quarter

Shares of Larsen and Toubro rose 2.46 per cent at Rs 3606.25 per share on the BSE in Thursday's intraday trade

L&T's shares rally on reports of order win worth $4 bn from Saudi Aramco

On Tuesday, the shares of Larsen Toubro soared up to 3 per cent at Rs 3,634 per share on the BSE in intraday trade.

Income tax department imposes penalty of over Rs 4.68 crore on L&T

The income tax department has imposed a penalty of over Rs 4.68 crore on Larsen & Toubro Ltd, according to a regulatory filing. The department levied a penalty of Rs 4,68,91,352 in connection to the tax proceedings of erstwhile L&T Hydrocarbon Engineering Limited, a wholly-owned subsidiary, which was merged with the company on April 1, 2021, L&T said in the filing on Saturday. "Pursuant to the income tax assessment of the company and consequent adjustment in the returned income for the Assessment Year 2020-21, a penalty is levied on such adjustment to the returned income," it said. However, the conglomerate said it will file an appeal against this order as it "does not agree with this levy" and expects a favourable outcome at the higher forum. L&T is a USD 27 billion Indian multinational enterprise engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services, operating across multiple geographies.

Buy and Sell ideas: Top technical picks by ICICI Securities for May 21

In the process, volatility would remain high as expectations related to the General election outcome would have bearing on market direction in the upcoming truncated week

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.

L&T stock dips 6% on cut in margin guidance; brokerages remain optimist

The stock was trading at its lowest level since February 2, 2024, down 15 per cent from its record high level of Rs 3,859.95 touched on April, 2, 2024.

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 gains nearly 4% on commissioning its first Hydrogen electrolyser

The electrolyser will now undergo rigorous testing in the coming weeks to optimise its performance, the company said

LTIMindtree joins IBM Quantum Network to explore quantum computing

With the initiative, LTIMindtree said it hoped to establish a series of long-term projects, including applied research toward business and societal problems

Stocks to Watch: L&T, Whirlpool, CIE Auto, ESAF SFB, Ujjivan SFB, NBCC

Stocks to watch on Tuesday, February 20, 2024: Whirlpool of India parent company likely to offload 24 per cent stake via block deal today.

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 ...

How Rs 777 cr Pragati Maidan tunnel turned 'useless' in less than 2 years

Launched by PM Modi in June 2022, the tunnel is an integral part of the Pragati Maidan Redevelopment Project, visioned at the cost of Rs 920 crore, readied eyeing the 2023 G20 Summit in New Delhi

L&T wins contract for Assam bridge, to boost link to textile hub Sualkuchi

The foundation stone for the key infrastructure project was laid during Prime Minister Narendra Modi's visit to Assam during the festival of Bihu last year

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

IRCTC, L&T, RVNL: How to trade rail, infra stocks ahead of Budget?

Barring IRFC, RVNL which have rallied sharply in the recent pasts, other rail-related stocks like IRCTC, Titagarh Rail Systems and RailTel could rally up to 23 per cent, suggest charts.

L&T Construction wins contracts for housing, hotel projects in India, Oman

L&T will construct Economically Weaker Section housing, 14 towers and related infrastructure works in Navi Mumbai over a period of 42 months. It bagged the project from the Maharashtra government

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

Samvat 2080: Stock picks from Anand Rathi, Nirmal Bang, Sharekhan, Axis Sec

Here's a list of stocks recommended by top brokerage and research firms that can help you build your portfolio this Diwali.

L&T Construction to build Bhogapuram International Airport, Andhra Pradesh

In a regulatory filing, L&T said that the project will be developed to handle 6 million passengers per annum initially

Challenge is going to be resource management without doubt: Shankar Raman

Raman discusses the West Asia market, India's order prospect and L&T's new businesses