Page 5 - L&t

Top headlines: IMF ups GDP forecast, L&T board approves buyback, and more

Business Standard brings you the top headlines at this hour

L&T gets board nod for Rs 10K cr share buyback; Q1 profit surges 46.5% YoY

The board also decided to give a special dividend of Rs 6 per share, which company executives said is to mark A M Naik's tenure at L&T

L&T Q1 preview: Buyback, special dividend and other things to know

So far in this calendar year (CY23), shares of L&T surged 24 per cent, as against 9.1 per cent gain in the S&P BSE Sensex

L&T bags order worth nearly Rs 7,000 cr for Mumbai-Ahmedabad rail project

With this package, L&T will execute 92% of the main line between Shilphata in Maharashtra and Ahmedabad in Gujarat

Chandrayaan-3: One more step for India's space mission, giant leap for L&T

L&T has also commissioned the deep space network antenna at Byalalu in Karnataka required for exploratory missions

L&T signs Master Ship Repair Agreement with US Navy, to boost Indo-US bond

L&T's Kattupalli Shipyard, near Chennai, a major node in the Southern Defence Corridor, has been undertaking voyage repairs of the Military Sealift Command vessels, the firm said in a statement

L&T, Navantia sign teaming deal for Project 75(I) submarines at Rs 43K cr

AIP-driven submarines can remain underwater for up to two weeks before surfacing for battery charging

Stocks to watch: L&T, GAIL, ONGC, Fortis Health, Tata Power, Paytm, Vedanta

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

L&T and DRDO sign contract to make AIP modules for Indian Navy submarines

Larsen & Toubro said the energy modules will be integrated into the AIP plug that will be retrofitted into the Kalvari submarine

L&T Finance group focuses on retail, aims 25% CAGR in 3-4yrs: Official

Larsen & Toubro Group's non-bank financing vertical aims to maintain a compound annual growth rate (CAGR) of over 25 per cent predominantly by focusing on retail financing as a long-term strategy, a senior official said on Sunday. With the current growth rate, the retail portfolio of the group is estimated to reach Rs 1,00,000 crore by FY2025-26. "In FY23 we grew by 35 per cent. Our CAGR for the next few years will continue to be at least 25 per cent with the opportunities lying ahead," L&T Finance group CFO Sachinn Joshi told PTI. L&T Finance Group would predominantly become a retail finance company in the long term, gradually reducing the wholesale book from its existing portfolio, which is around Rs 19,500 crore now," he said. In the current fiscal year itself, he expects retail to reach 80 per cent of the total loan book, two years ahead of the target under its goal "Lakshya." The group's non-banking finance companies' loan book currently stands at about Rs 81,000 ...

L&T bags orders worth over Rs 2,500 crore in Indian, offshore markets

Larsen & Toubro (L&T) on Monday said it has bagged large orders worth over Rs 2,500 crore in the domestic and offshore markets. The power transmission & distribution (PT&D) business of its arm Larsen & Toubro Construction has secured large orders to be set up on engineering, procurement and construction (EPC) basis, it said in a statement. In Saudi Arabia, the business has secured two orders to establish 380kV overhead power transmission lines connecting prominent cities situated on the Red Sea coast. Another order is to design, supply, and construct a 380kV substation in the central region of Saudi Arabia, the company said. "In India, the PT&D business continued its winning streak in the Revamped Reforms Based and Results-Linked Distribution Sector (RDSS) Scheme projects with fresh orders from a prominent Gujarat DISCOM. The scope of work involves modernization and development of distribution infrastructure in three districts of Gujarat's southern region," it .

TMS Ep434: Go First vs lessors, L&T, mutual funds, private credit funds

How will Go First vs lessors affect Indian aviation? Where is L&T headed after a change of guard? Which equity mutual funds are experts betting on? What are private credit funds? Answers here

Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%

CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise

Larsen & Toubro dips 4% on profit booking post March quarter results

In the past one year, L&T has rallied 45 per cent, as against nearly 15 per cent gain in the S&P BSE Sensex

AM Naik to step down as L&T's non-executive chairman, 'SNS' to take over

AMN, as he is popularly known, is credited with saving the company from corporate raiders in the 1990s including the Ambanis and the Birlas

Larsen & Toubro reports 10% surge in Q4 net profit to Rs 3,987 crore

The company reported a 10 per cent year-on-year rise in revenues of Rs 58,335 crore

L&T Infra's non-Executive Chairman A M Naik has decided to step down

Infrastructure major Larsen & Toubro on Wednesday announced that its Non-Executive Chairman A M Naik has decided to step down from the post. S N Subrahmanyan, who is the Chief Executive Officer & Managing Director, has been re-designated as the Chairman and Managing Director of the company with effect from October 1, 2023, L&T said in an exchange filing. "... A. M. Naik has decided to step down as Non-Executive Chairman of the Company with effect from September 30, 2023. He has been conferred the status of 'Chairman Emeritus' by the Board." Naik has served the company for more than 58 years and his stewardship has led to an upsurge in shareholder value creation. He has been widely acknowledged as the architect of the transformation of the company into a sharply focused company delivering superior value to stakeholders. As a robust upholder of the company's value system, Naik has played a critical role in ensuring the company retains its unique ethos across decades, ...

Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead

CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv

L&T Q4 preview: Strong order inflow may drive profit up to 90% higher QoQ

Larsen & Toubro Q4 result preview: BNP Paribas expects total order inflow to cross Rs 76,000 crore during the quarter

L&T's power transmission biz bags significant orders in India, overseas

Homegrown Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution business has won significant orders in the domestic and overseas markets. The infrastructure major did not disclose the financial details of the projects. However, according to its classification, significant orders value in the range of Rs 1,000-2,000 crore. The power transmission & distribution (PT&D) business of Larsen & Toubro (L&T) Construction has recently secured EPC orders in India and overseas, the firm said in a statement. "The business has secured orders to develop distribution infrastructure in two discom circles of western Rajasthan. It also bagged a power supply system order for the second phase of Chennai Metro. In the overseas market, the business won an order to supply, construct, test and commission a 132kV substation in the UAE," it said. Under the umbrella of the Reforms-based Results-linked Distribution Sector Scheme (RDSS), distribution utilities in the