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
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 ...
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 ..
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Sarma said L&T's power business has carved a niche for itself as an EPC player backed by strong and indigenous manufacturing capability
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The company has been winning large-ticket orders lately, though the orders bagged, so far, are less than the year-ago level
This is the second power engineering, procurement and construction project that L&T has won in the current financial year
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), ...
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'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