Larsen And Tourbo

While the exact worth of the deal was not disclosed but the order was marked as 'significant', which the L&T uses to describe orders valued between Rs 1,000 crore and Rs 2,500 crore

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

The infrastructure projects have created vibrancy in the system and have attracted a lot of foreign technology and capital, said Raman

Chandra has been with the L&T Group since October 2013

The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share

So far in the calendar year 2023 (CY23), the stock of this engineering company has surged 30.6 per cent, as against 7 per cent rise in the S&P BSE Sensex

Stocks to watch on June 23, 2023: From L&T to Fortis Health, here are top stocks to watch in Friday's trading session

On Monday, L&T announced that the hydrocarbon business of the company secured a significant order under its AdVENT (Advanced Value Engineering and Technology) business vertical

Firm expects NIM plus fees to stay above 8% in FY23

Business Standard brings you the top headlines of the day

Short term trend is positive where stock price is trading above all Important short-term moving averages

CFOs, analysts say moratorium on interest is key to tide over crisis

The company said its buildings and factories business has received an order for execution of mechanical works for a cement plant at Kurnool.

Sources in the know said a tweak in the branding of Mindtree is also on the cards

L&T, according to a source, chose to write to NITI Aayog with reference to the Make In India programme

The stock of Larsen and Toubro (L&T) has been a surprise winner gaining over 22 per cent year-to-date, much ahead of BSE Sensex's 12.5 per cent. This is despite a lacklustre December quarter show. But, interestingly the Street is willing to put all the disappointments behind and look at the bright side of the company. "L&T today has reached a certain scale that it would be unfair to see the company expand its order book by 12-15 per cent year-on-year hereon, given its base effect and the operating conditions which haven't turned totally favourable yet," a fund manager invested in the stock explains.Therefore, he believes that what analysts would closely monitor is whether L&T is taking the right steps to reduce its working capital ratio and monetise its non-core assets. Analysts at Jefferies, who recently upped their 12-month target price on L&T to Rs 2,000 (nearly 20 per cent upside), say that the company has begun the process of improving its return ratios from the ..

Larsen and Toubro Hydrocarbon Engineering today said it has bagged orders worth Rs 1,100 crore from IOC for its Bongaigaon refinery in Assam. The orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit including LPG treatment facility. Larsen and Toubro Hydrocarbon Engineering Ltd is a wholly-owned subsidiary of engineering major Larsen and Toubro (L&T). "The company has bagged an onshore EPC contract from IOC worth around Rs 1,100 crore for setting up a 0.740 MMTPA Fluidised Cracking Unit (FCU) including LPG treatment facility at their Bongaigaon refinery, Assam," it said in a BSE filing. The contract covers extended basic engineering, detailed engineering, procurement, supply, transportation and installation, among others. The process licensor for the Indane Maximisation (INDMAX) unit is Lummus Technology, the company said, adding that Merichem, US, is the the process licensor for the LPG treatment unit. The company said it .