Larsen And Toubro

L&T gains 3% on winning large orders; rallies 8% in 3 days post Q1 results

L&T share price had hit a record high of Rs 3,948.60 on June 3, 2024. Meanwhile, The management maintained its guidance of 15 per cent revenue growth and 10 per cent order inflow on the higher base of

L&T brass puts shareholders at ease on infrastructure, labour woes

L&T also made headlines last month over the chairman's public comment that the company was facing a shortage of about 30,000 workers

Fitch affirms 'BBB+' rating on Larsen & Toubro with stable outlook

Fitch Ratings said it has affirmed 'BBB+' rating with stable outlook on Larsen & Toubro and stressed that the ratings indicate strong financial structure and sound financial flexibility of the company. "Fitch Rating has assigned India's Larsen & Toubro Limited (L&T) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BBB+'. The Outlook is Stable," the rating agency said in a statement on Tuesday. The ratings reflect the company's strong market position as a large global engineering and construction company with above-average profitability and solid revenue visibility. "We believe L&T's robust record of steady margins, which is backed by adequate risk management and diversification into stable and high-margin IT and technical services businesses, buffers its ratings against the inherent risks in the E&C (engineering and construction) sector," it said. The credit rating agency further said that the stable outlook reflects its view that .

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 remains on analysts' hotlist despite guidance worries

The company has cut its margin guidance due to higher share of fixed-price contracts, supply chain issues, and geopolitical uncertainties

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 ...

Steel cutting of third cadet training ship held at L&T Shipyard, Kattupalli

The steel-cutting ceremony of a third cadet-training ship was held at a shipyard in Tamil Nadu's Kattupalli on Saturday, officials said. The ceremony was presided by Defence Secretary Giridhar Aramane, according to a statement shared by a spokesperson of the Indian Navy. The steel-cutting ceremony of the third cadet training ship (yard-18005) was held at the M/s L&T Shipyard, Kattupalli, the statement said. Senior officials from the Navy and Larsen and Toubro (L&T) were present on the occasion. The contract for indigenous design and the construction of three cadet-training ships was concluded between the defence ministry and L&T in March 2023, the statement said. These cadet-training ships will be utilised for training officer cadets at sea after their basic training ashore. These ships will also extend a training facility to cadets from friendly foreign countries, the statement said. The ships are likely to be delivered to the Indian Navy starting September 2026. "This is

Larsen & Toubro gains 2% on winning 'major' order from Middle East client

L&T classifies orders ranging between Rs 5,000 crore and Rs 10,000 crore as 'major' orders

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to take over

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

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

Cabinet gives nod to Rs 13,000 crore IAF projects for high-power radars

The radar project has been cleared at a time when India has plans to strengthen its radar coverage all along its borders with both its northern and western adversaries

L&T Q3 results: Net profit rises 15% to Rs 2,947 crore, misses estimates

The company's consolidated net profit rose 15% to Rs 2,947 crore ($355 million) for the quarter ended Dec. 31, but fell short of analysts' estimate of Rs 3,304 crore, as per LSEG data

L&T Technology retains full-year forecast after all units post Q3 growth

(Reuters) - Indian tech services provider L&T Technology Services retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.

Markets end flat after choppy trade; Sensex rises 31 pts, Airtel gains 1.5%

The upmove in intra-day trade followed sharp gains in the US markets, particularly technology stocks. However, the tech-heavy Nasdaq index, which gained 2.2 per cent on Monday, saw reversing gains

L&T wins Rs 1,040 cr contract for part of Bengaluru suburban rail project

Larsen and Toubro was issued the Letter of Acceptance on Saturday for the design and construction of an elevated viaduct including associated works between Heelalige and Rajanukunte of Corridor-4 of the Bengaluru Suburban Rail project, officials said. The contract price is Rs 1,040.51 crore including GST and the contract period is 30 months. The physical work is expected to commence shortly, they said. In a statement, Karnataka's Rail Infrastructure Development Company (K-RIDE) said, "Larsen and Toubro has been issued the Letter of Acceptance today for the design and construction of elevated viaduct of length 8.960 km and At-Grade of length 37.920 km (excluding station buildings) including associated works between Heelalige and Rajanukunte, on EPC (Engineering, Procurement and Construction) mode, in Corridor-4 or 'Kanaka' line of Bengaluru Suburban Railway Project (BSRP)." This contract also includes construction of a double decker alignment of 1.2 km length for BSRP Corridor-1 and

L&T arm secures Bhogapuram International Airport project in Andhra Pradesh

Larsen and Toubro (L&T) on Monday said its arm L&T Construction has secured a large order to construct the greenfield Bhogapuram International Airport project in Andhra Pradesh. The company did not disclose the order value. However, according to its classification, large orders value in the range of Rs 2,500 to Rs 5,000 crore. The project will initially be developed to handle 6 MPA (million passengers per annum) capacity to be further enhanced to the capacity of 12 MPA, L&T said in a statement. The Buildings & Factories & Transportation Infrastructure businesses of L&T Construction have secured a large project from the GMR Visakhapatnam International Airport Limited for the engineering, procurement and construction of the airport project. "The key development works includes cut & fill works, terminal works with airports systems, ATC tower, airfield development works (south runway 3,800 m length, apron, taxiways, airfield ground lighting, fuel hydrant works .

Larsen and Toubro fixes September 12 as record date for share buyback

Larsen and Toubro (L&T) has fixed September 12, 2023 as the record date for determining the entitlement and eligibility of equity shareholders for participation in the company's share buyback plan. On July 25, the board of directors of the company approved a proposal to buy back shares worth up to Rs 10,000 crore, excluding tax on buyback. On August 25, shareholders of the company approved the buyback of up to 3,33,33,333 fully paid-up equity shares of face value of Rs 2 each for an aggregate consideration not exceeding Rs 10,000 crore at a price of Rs 3,000 per equity share on a proportionate basis by way of a tender offer route using stock exchange mechanism. In a public notice on Monday, the company said the equity shares proposed to be bought back shall be divided into two categories -- reserved category for small shareholders and the general category for other eligible shareholders. On the objectives behind the move, the company said it had formulated its "Lakshya 26 ...

L&T Construction wins orders for power transmission & distribution business

Orders to establish two new 132kV substations have been received from a public services infrastructure company in Dubai

Infosys to Reliance: Gauging the economy through Q1 corporate results

Numbers show subdued overseas demand for services, gradual recovery in consumer demand and the impact of high interest and inflation