Page 7 - Larsen & Tourbo L&t
L&T hits new high ahead of Q3 results; market-cap crosses Rs 2 trillion
Thus far in January, L&T outperformed the market by surging 15% as compared to 7% rise in the S&P BSE Sensex
 "L&T hits new high ahead of Q3 results; market-cap crosses Rs 2 trillion")
Larsen & Toubro launches second offshore patrol vessel for Indian Navy
Engineering major Larsen & Toubro (L&T) today said it has launched the second offshore patrol vessel (OPV) for the Navy at its greenfield defence shipyard in Kattupalli near Chennai. An OPV is a long-range surface ship with helicopter operation capabilities. Its role includes coastal and offshore patrolling, policing maritime zones of India, control and surveillance, among others. JD Patil, Senior Executive Vice-President and whole- time Director (Defence), L&T said OPV-2 is the ninth defence vessel launched by L&T in the current financial year, as per a company statement. L&T, the first private Indian shipyard to construct and deliver OPVs for the Indian Coast Guard, received a Rs 1,432- crore order for design and construction of seven OPVs from the Ministry of Defence in March 2015. "With in-house capabilities to undertake ship design, in-house manufacturing of critical marine equipment, world- class shipyard infrastructure and robust financial ...
 "Larsen & Toubro launches second offshore patrol vessel for Indian Navy")
L&T construction arm bags orders worth Rs 4,023 cr across business segments
Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 4,023 crore across business segments. "The construction arm of L&T has won orders worth Rs 4,023 crore," the engineering and construction major said in a BSE filing. L&T said its heavy civil infrastructure business has bagged orders worth Rs 1,906 crore in the domestic market, while its building and factories business received an order worth Rs 830 crore. L&T's water and effluent treatment business and power transmission and distribution business has bagged orders worth Rs 788 crore and Rs 342 crore respectively. Smart world communication business of L&T has won an order worth Rs 157 crore. Shares of the company were trading at Rs 1,239.85 apiece, up 1.91 per cent from the previous close on BSE.
L&T up 3% on order win of Rs 3,551 crore
L&T was trading at Rs 1,236, up 2.6% on the BSE, as compared to 0.31% decline in the S&P BSE Sensex at 10:40 AM