| Larsen & Toubro Limited Related news |
L&T Defence to make Quad launcher for BrahMos missiles
Posted on 8th May 2018 |
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L&T Defence, the defence arm of Larsen & Toubro (L&T) and one of the leading industry partners of BrahMos Aerospace (BAPL), has completed the design and prototype realisation of the ‘Quadruple Canisterised Inclined Launcher’ (QCIL or Quad Launcher) for BrahMos missiles. After rigorous trials, it has handed over the prototype Quad launcher to BAPL. |
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L&T Finance Holdings consolidated Q4 net rises 29% to Rs 406 crore
Posted on 4th May 2018 |
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L&T Finance Holdings on Thursday reported a 28.5% year-on-year (y-o-y) rise in consolidated net profit for the quarter ended March, 2018 to Rs 405.99 crore on the back of a 31% y-o-y growth in total income to Rs 2,938.44 crore. Its net interest margin (NIM), a key measure of profitability, improved by 27 basis points (bps) sequentially to 5.32%. |
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L&T to sell electrical and automation business to Schneider for Rs 140 bn
Posted on 2nd May 2018 |
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In its biggest divestment so far, engineering conglomerate Larsen & Toubro (L&T) on Tuesday said it would sell its electrical and automation business (E&A) to France-headquartered Schneider Electric for a cash consideration of Rs 140 billion. The divestment plan, which was first discussed in the summer of 2015, took three years to mature, it is learnt. |
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L&T arm bags ExxonMobil deal, expects $20 million revenue in first year
Posted on 9th April 2018 |
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Mumbai: L&T Technology Services Ltd has bagged a multi-million deal from ExxonMobil Exploration Company, which will deliver revenues of $20 million in the first year, the L&T arm said Monday. The company, a listed subsidiary of Larsen & Toubro Ltd (L&T), will help geoscientists with improved data availability, enhancing the speed and efficiency of analysis and evaluation, it said in a statement. |
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L&T's construction arm wins orders worth Rs 33.76 bn across biz segments
Posted on 5th April 2018 |
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Larsen & Toubro (L&T) on Thursday said its construction arm has won orders worth Rs 33.76 billion across business segments. "L&T Construction's power transmission and distribution business has secured orders worth Rs 12.26 billion on both domestic and international market," the engineering and construction major said in a BSE filing. |
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Larsen and Toubro s private sector, overseas orders halve
Posted on 3rd April 2018 |
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The contribution of order inflows from private sector and overseas orders has almost halved for Larsen and Toubro (L&T) over the last few years. However, a sharp uptick in fresh order inflows led by government spending in India, is aiding the heavy engineering major tide over sluggishness. |
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L&T construction bags Rs 43.53 bn orders in transmission & distribution biz
Posted on 27th March 2018 |
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Engineering major Larsen & Toubro (L&T) on Tuesday said its construction arm has bagged contracts worth Rs 43.53 billion in its power transmission and distribution business in both domestic and international markets. L&T Construction has bagged an order from Sonelgaz group for the turnkey construction of a 220/60 kV Air Insulated Substation in Draa Errich in Algeria, the company said in a statement issued here.
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Tender for 10 mn prepaid meters attracts 12 bidders, large players keep out
Posted on 21st March 2018 |
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The first and the largest tender for procuring 10 million prepaid meters, saw 12 bidders submitting interest for participating in the reverse bidding. However, the leading three large players in the industry – Landis Gyr India, Secure Meters and HPL India have not joined the race, citing regulatory and security concerns. |
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L&T arm lands 2,864 cr. deal for Eastern Dedicated Freight Corridor
Posted on 16th March 2018 |
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An arm of Larsen and Toubro Ltd. has landed a contract worth 2,864 crore from Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL). L&T Construction’s Transportation Infrastructure Business has been awarded the contract for Eastern Dedicated Freight Corridor. |
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