Business Standard

Page 4 - Larsen And Toubro

L&T's power transmission, distribution business bags 'large' contracts

Larsen & Toubro (L&T) on Monday said its power transmission and distribution business has bagged 'large' contracts in the domestic and international market. The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. "L&T's power transmission and distribution business has won a prestigious package to establish transmission lines and substations associated with a major infrastructure project in Telangana," the company said in a regulatory filing. The scope of the package involves establishing three new 400 kV substations with reactors, associated bay extensions at connected substations and more than 170 km of 400 kV transmission links, on a turnkey basis, the filing added. The company said it has secured another order from Konkan Railway Corporation Ltd to provide electrical and mechanical systems for two tunnels in the Katra Dharam

L&T's power transmission, distribution business bags 'large' contracts
Updated On : 07 Sep 2020 | 11:15 AM IST

Larsen and Toubro bags significant contract by Ministry of Defence

The defence arm of Larsen & Toubro has been awarded a significant contract by the Ministry of Defence for the supply of four regiments of Pinaka weapon systems.The contract involves the supply of Pinaka launchers, battery command posts and associated engineering support package. The system has been indigenously developed by L & T as part of Pinaka development programme of Defence Research and Development Organisation (DRDO) and functions as a high-tech, all-weather, long-range area fire artillery weapon system."As a proponent of Atmanirbhar Bharat philosophy from inception and a practising Make-in-India company, we have been associated with the Pinaka programme since its development in the 1990s and induction in armed forces and serial production since a one-and-a-half decade," said J D Patil, Member of the board and Senior Executive Vice President (Defence a Smart Technologies) at L & T."We continue to live up to our ethos to build strong India and commitment to the ...

Larsen and Toubro bags significant contract by Ministry of Defence
Updated On : 04 Sep 2020 | 12:04 PM IST

Virtual innovations enable to honour hiring commitment during Covid-19: L&T

Amid the challenges due to COVID-19 pandemic, domestic infrastructure giant Larsen & Toubro (L&T) said virtual innovations enabled it to honour its job offers and hire 1,297 candidates from institutions like IITs and government colleges. The conglomerate had visited 112 colleges in 2019 for the recruitment of graduate and postgraduate engineering trainees for 2020. Over 18,000 candidates had applied for the recruitment and finally, 7 per cent or 1,297 were hired, Larsen & Toubro (L&T) said. "We had honoured all our offers made to these engineers and graduates from the IIT's, NIT's and government colleges last year... I am glad that L&T has been able to live up to its commitment even in these extenuating circumstances of COVID-19," S N Subrahmanyan, CEO & Managing Director, L&T Group told PTI. "It is critical that as good corporate citizens, we recognise the difficulties faced by the potential employees at personal and professional levels and have the best ..

Virtual innovations enable to honour hiring commitment during Covid-19: L&T
Updated On : 30 Aug 2020 | 4:59 PM IST

Why ban on India's $47-bn arms imports may not have the desired effect

The banned list is also vague on the position of joint-ventures between Indian and foreign manufacturers and license produced weapon systems

Why ban on India's $47-bn arms imports may not have the desired effect
Updated On : 17 Aug 2020 | 12:30 PM IST

L&T Metro Rail may invoke force majeure to extend operations in Hyderabad

The concession period of the project is 35 years, from the appointed date of July 5, 2012 including the initial construction period of five years

L&T Metro Rail may invoke force majeure to extend operations in Hyderabad
Updated On : 10 Aug 2020 | 3:47 PM IST

Corporate contraction

Recovery depends on how quickly the pandemic is contained

Corporate contraction
Updated On : 02 Aug 2020 | 10:11 PM IST

N Sivaraman appointed group CEO of Icra, to take over on August 10

Sivaraman has spent over 34 years with engineering major L&T

N Sivaraman appointed group CEO of Icra, to take over on August 10
Updated On : 28 Jul 2020 | 11:55 PM IST

Ram temple to be made from stones, not steel, iron: Construction supervisor

The Lord Ram temple will be made from stones, while iron and steel will not be used, said the temple construction workshop's supervisor

Ram temple to be made from stones, not steel, iron: Construction supervisor
Updated On : 27 Jul 2020 | 10:14 AM IST

L&T Board inducts Subramanian Sarma as Executive Director, promotes others

Sarma said L&T's power business has carved a niche for itself as an EPC player backed by strong and indigenous manufacturing capability

L&T Board inducts Subramanian Sarma as Executive Director, promotes others
Updated On : 13 Jul 2020 | 3:12 PM IST

IT firms seek higher volume of work from clients amid price discount demand

Higher volume may offset losses from delayed payment in short-term; travel & hospitality, auto cliebts make max requests for delayed payment; Large IT firms likely to gain most from price war

IT firms seek higher volume of work from clients amid price discount demand
Updated On : 21 May 2020 | 9:54 PM IST

L&T board approves fund raising up to Rs 9000 crore via various instruments

In the current financial year, L&T is the second conglomerate putting provisions in place for a fund-raising

L&T board approves fund raising up to Rs 9000 crore via various instruments
Updated On : 10 Apr 2020 | 12:11 AM IST

Fighting coronavirus: L&T donates Rs 150 cr, TVS Motor 25 cr to PM-CARES

L&T and TVS Motor join a list of other corporates including Tata Group and Reliance Industries who have come forward to offer their support to fight this unprecedented crisis.

Fighting coronavirus: L&T donates Rs 150 cr, TVS Motor 25 cr to PM-CARES
Updated On : 30 Mar 2020 | 3:53 PM IST

Stock market rout: India Inc's overall m-cap declines by Rs 14.2 trillion

Several blue chips such as Axis Bank, Wipro, ONGC, Bajaj Finserv, and Titan have fallen off the list following unprecedented declines in their stocks

Stock market rout: India Inc's overall m-cap declines by Rs 14.2 trillion
Updated On : 23 Mar 2020 | 11:09 PM IST

Ram temple 'Bhoomi pujan' likely on April 30; PM Modi, RSS chief invited

On March 25, the makeshift idol of Ram Lalla at the Ram Janambhoomi will be shifted to a fibre structure in the Manas Bhawan

Ram temple 'Bhoomi pujan' likely on April 30; PM Modi, RSS chief invited
Updated On : 20 Mar 2020 | 10:10 AM IST

Will the Rs 102 trillion infra plan boost L&T and other companies?

Analysts, in unison, gave a thumbs up to the latest measure by the government to boost the sagging economy but cautioned that more needed to be done to resolve existing issues

Will the Rs 102 trillion infra plan boost L&T and other companies?
Updated On : 02 Jan 2020 | 6:25 AM IST

Despite several headwinds, analysts are turning positive on L&T stock

The company has been winning large-ticket orders lately, though the orders bagged, so far, are less than the year-ago level

Despite several headwinds, analysts are turning positive on L&T stock
Updated On : 08 Sep 2019 | 9:21 PM IST

L&T JV bags order for THDC India's super thermal power project in UP

This is the second power engineering, procurement and construction project that L&T has won in the current financial year

L&T JV bags order for THDC India's super thermal power project in UP
Updated On : 31 Aug 2019 | 1:22 AM IST

L&T bags 'significant' order from NTPC to set up FGD system at MP plant

Infrastructure major Larsen & Toubro (L&T) on Monday said its power business has bagged a "significant" order from NTPC to set up flue gas desulphurisation system at Vindhyachal Super Thermal Power Station in Madhya Pradesh. L&T has received engineering, procurement and construction (EPC) order to set up flue-gas desulphurisation (FGD) system at Vindhyachal Super Thermal Power Station at stage-I & II (6x210 mega watt (MW) & 2x500 MW, the company said in a BSE filing. This is in continuation to the order received for Stage III 0 IV (2x500 MW 0 2x500 MW) in September last year, it added. The company did not provide value of the contracts but said the orders fall under "significant" category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts. L&T said installation of FGD systems in existing and upcoming thermal power plants has been made mandatory by the Ministry of Environment, Forest and Climate Change (MoEFCC), ...

L&T bags 'significant' order from NTPC to set up FGD system at MP plant
Updated On : 26 Aug 2019 | 11:11 AM IST

L&T plans to raise up to Rs 1400 cr through NCDs on private placement basis

Infrastructure major Larsen and Toubro (L&T) on Wednesday said it plans to raise up to Rs 1,400 crore through issuance of non-convertible debentures (NCDs) on private placement basis. The company, however, did not elaborate on the reasons for raising funds. "The company proposes to issue rated, listed, unsecured, redeemable non-convertible debentures aggregating up to Rs 1,400 crore on private placement basis," L&T said in a regulatory filing. Shares of L&T were trading 1.32 per cent higher at Rs 1,331.10 apiece on BSE.

L&T plans to raise up to Rs 1400 cr through NCDs on private placement basis
Updated On : 14 Aug 2019 | 12:43 PM IST

The ship is in: L&T shows private shipbuilders can deliver on time

L&T's Kattupalli shipyard took just 36 months to build and deliver the offshore patrol vessel, even though this was the first OPV it had ever built

The ship is in: L&T shows private shipbuilders can deliver on time
Updated On : 07 Aug 2019 | 5:44 PM IST