Page 5 - Larsen And Toubro

L&T hikes shareholding in Mindtree to 28.45%, buys 2.49-million shares

Infrastructure major Larsen and Toubro (L&T) on Thursday acquired over 4.5 lakh shares of Mindtree from open market, taking its shareholding in the IT services firm to 26.93 per cent, according to a regulatory filing. "Larsen and Toubro Ltd has acquired 4,50,687 equity shares (with a face value of Rs 10 each) of Mindtree Ltd on May 23, 2019," a Mindtree filing said. After the latest transaction, L&T's shareholding in Mindtree stands at 26.93 per cent. The latest stock purchase was made at Rs 979.91 apiece. Earlier this month, L&T purchased around 20 per cent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from open market. On Wednesday, L&T had acquired 1.29 lakh shares of Mindtree from the open market. In all, the infrastructure major is eyeing up to 66 per cent stake in Mindtree for around Rs 10,800 crore -- marking the country's first-ever hostile takeover bid in

Construction giant L&T to launch open offer for Mindtree at Rs 980 a share

L&T has placed an order with its broker for on-market purchase of up to 15% of share capital of Mindtree at the same price

Corporate battle looms as Mindtree management rejects L&T's takeover bid

As the engg. major tries to assuage concerns of Mindtree promoters, Bengaluru firm in no mood to relent and vows to restore its independent identity

MFs could support L&T's takeover bid for Mindtree at 'right' price

Mindtree management reiterates backing of large investors

Open offer route by L&T paved with uncertainty for warring parties: Experts

Promoters have around 20 days from the original open offer announcement to initiate this process

L&T mounts hostile bid for Mindtree, eyes 67% stake for Rs 10,733 crore

The deal is likely to be closed by the first quarter of FY20

Servicing loans without default: L&T Halol Shamlaji Tollway tells NCLT

The NCLT has directed Oriental Bank of Commerce to submit all the documents related to the matter without fail on March 8, 2019

Larsen & Toubro Q2 profit jumps 23% at Rs 22.30 billion, beats estimate

Revenue from operations jumped 21.3 per cent to Rs 320.81 billion

Larsen & Toubro construction arm bags orders worth Rs 12.96 billion

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,296 crore across business segments in the domestic market. L&T said its metallurgical and material handling business has received orders worth Rs 808 crore. The company's water and effluent treatment business also bagged an order worth Rs 488 crore. "Water and effluent treatment business has won an order worth Rs 488 crore from Karnataka Power Corporation Ltd for the execution of a water supply pipeline from Narayanpur reservoir to Kushtagi in the Krishna basin," the engineering and construction major said in a BSE filing. The scope includes supply and laying of water supply pipe lines including all electro mechanical works. This project aims to augment water requirements for their existing power plant at Bellary, it added. Shares of Larsen & Toubro were trading at Rs 1,294.25 apiece, up 0.22 per cent, from the previous close on BSE.

L&T's construction arm wins orders worth Rs 33.76 bn across biz segments

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 3,376 crore across business segments. "L&T Construction's power transmission and distribution business has secured orders worth Rs 1,226 crore on both domestic and international market, the engineering and construction major said in a BSE filing. The company's water and effluent treatment business has received an order worth Rs 1,200 crore, and its building and factories business has won orders in health and automobile sector worth Rs 950 crore. Shares of the company were trading 2.26 per cent higher at Rs 1,325.65 apiece on BSE.

L&T's construction arm wins Rs 14.5 bn contracts including one in Egypt

Infrastructure major Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,454 crore including one in Egypt. The Smart World & Communications Business Unit secured an order worth Rs 864 crore for implementation of 5 million Smart Meters across 16 cities of Uttar Pradesh and Haryana, the company said in a statement. "This is a significant win for us in the smart solutions space and reaffirms our credentials as a technology leader, said S N Subrahmanyan, CEO and MD, L&T. Besides, Power Transmission & Distribution Business has bagged orders worth Rs 568 crore from both international and domestic customers. "In Africa, the business has bagged a breakthrough order from the Egyptian Electricity Transmission Company for turnkey construction of the Sokhna 500/220kV Gas Insulated Substation," the statement said. In the domestic market, Sterlite Power Grid Ventures awarded an order for a project involving engineering, procurement ...

L&T walks a tightrope as new orders dwindle

Company braces for a lacklustre order inflow scenario in FY18

L&T Hydrocarbon Engineering gets 5-year job order from Shell

Larsen and Toubro Hydrocarbon Engineering today said it has signed a 5-year framework agreement with Shell for engineering, procurement and construction management services. "L&T Hydrocarbon Engineering, a fully-owned subsidiary of Larsen & Toubro, has signed an enterprise framework agreement with Shell Global Solutions International for providing engineering, procurement and construction management services," Larsen and Toubro said in a BSE filing. The company said the order, for five years, is for Shell projects in the Middle-East, South-East Asia and India. Larsen and Toubro (L&T), which operates in over 30 countries, is engaged in technology, engineering, construction, manufacturing and financial services.

Tepid reponse for Suuti's L&T stake sale

Govt sells 1.63% as against 3% on offer; SBI emerges as a big buyer