L&T Q2 results preview: The engineering, procurement and construction (EPC) major's core revenue is expected to have grown in Q2FY25 as its domestic execution normalises
While the exact worth of the deal was not disclosed but the order was marked as 'significant', which the L&T uses to describe orders valued between Rs 1,000 crore and Rs 2,500 crore
Markets remained volatile and ended slightly lower, taking a breather after Tuesday's decline
Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent
Stock Market Today: RIL reported a 4.8 per cent year-on-year decline in consolidated profit for Q2 FY25, totaling Rs 16,563 crore, and missing analyst expectations.
The brokerage believes that the order book would grow at 12 per cent CAGR over FY24-27
Industry sources estimate sluggish demand for cement, slow awarding for roads in the first half
As of June, L&T had an outstanding order book of Rs 4.90 trillion, of which 35 per cent was from West Asia
Derivatives market update for Sept 23: FIIs net bought over 1 lakh contracts of Nifty futures and 25,878 contracts of Bank Nifty futures on Friday. Retail investors hold 2 shorts for every long bet.
Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps
Strategic reboots and fresh opportunities drive broker upgrades for the two L&T subsidiaries
In 2020, Schneider Electric completed the purchase of Larsen & Toubro's switchgear business which was acquired by Schneider Electric in 2020
Engineering and construction conglomerate Larsen & Toubro (L&T) on Wednesday said that it has bagged a 'large' order for integrated infrastructure development in Maharashtra. The order has been bagged by the Transportation Infrastructure vertical of L&T, the company said in a stock exchange filing. Orders in the range of Rs 2,500 crore to Rs 5,000 crore are classified as 'large' by the company. "L&T has secured an order for integrated infrastructure development project in town planning schemes 2 to 7 under the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra," it said. The project has been awarded by City and Industrial Development Corporation Limited (CIDCO) for integrated infrastructure development of roads, construction of various major and minor structures and allied electrical works. The project also involves construction of utility works and allied electrical works. L&T is a USD 27-billion company engaged in engineering, procurement .
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
Assuming valuations at around 30 times price-to-earnings and valuing holdings in listed subsidiaries at a discount of 25% to fair-value, there could still be an upside of 15-20%
Its NIM plus fees and other income improved by 144 basis points to 11.08 per cent in Q1FY25 from 9.64 per cent in Q1FY24, LTF said in a statement
Proposed plants will have a cumulative capacity of 3.5 GW, the Indian engineering giant said. The work on the projects will commence soon
In a major boost to Indian forces deployed opposite China in Ladakh, premier defence research agency Defence Research and Development Organisation (DRDO) and private sector firm Larsen and Toubro (L & T) are at advanced stage of trials of the indigenous Light Tank Zorawar.DRDO chief Dr Samir V Kamat today reviewed the progress made in the project at the Larsen and Toubro plant at Hajira in Gujarat.Developed in a record time of two years for high altitude areas of Ladakh, the tank is testimony to Indian progress in indigenous manufacturing.The DRDO and L & T have integrated USVs in loitering munitions in the tank learning lessons from the Russia and Ukraine conflict.The light tank Zorawar with 25 tonnes in weight and it is the first time, a fresh tank has been designed and made ready for trials in such a short time.59 of these tanks will be provided to the Army initially and it will be a front runner for the major programme of 295 more of these armoured vehicles.The Indian Air .
Quality training remains an elusive goal
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 .