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Disruptive effects of reforms have worn off, signs of stability emerging, says L&T’s CEO and MD SN Subrahmanyan
Posted on 8th March 2018 |
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While the government’s structural reforms augur well for the long term, much would depend on a supportive macro environment and adaptiveness of businesses to the changes, SN Subrahmanyan, CEO & MD, Larsen & Toubro, tells Shubhra Tandon. Excerpts: The year 2017 saw some significant reforms, the most important being GST. This also caused some disruptions to business. How do you view business activity now and what is your outlook for 2018? |
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L&T gets Shivaji memorial contract; revises bid downwards to Rs 2,500 cr
Posted on 2nd March 2018 |
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A year after Prime Minister Narendra Modi laid the foundation stone for the proposed 210-metre tall statue of Maratha warrior king Shivaji Bhonsle off the Mumbai coast, the construction work for the project has been awarded to Mumbai-based Larsen & Toubro (L&T). According to sources, L&T, which had bid for the project, revised its bid downward from Rs 3,826 crore to Rs 2,500 crore. |
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L&T construction arm bags orders worth Rs 1,266 crore
Posted on 23rd February 2018 |
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Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments. L&T said its buildings and factories business has bagged orders worth Rs 928 crore. |
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L&T arm bags Rs 1,680 crore orders from Pune Municipal Corporation
Posted on 19th February 2018 |
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NEW DELHI: Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,680 crore from Pune Municipal Corporation. In a regulatory filing L&T said its water and effluent treatment business has bagged orders worth Rs 1,680 crore from Pune Municipal Corporation for a study, survey, investigation, assessment, design validation and revamping of the entire water supply system for Pune. |
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L&T Hydrocarbon Engineering bags Rs 2,200 crore order
Posted on 12th February 2018 |
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L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering giant Larsen & Toubro, has secured a Rs 2,200-crore contract from Abu Dhabi's Al Dhafra Petroleum Operations Company. L&T Hydrocarbon Engineering has signed "a major field development EPC contract with Al Dhafra Petroleum Operations Company Ltd, Abu Dhabi, UAE, with a value in excess of Rs 2,200 crore", Larsen and Toubro stated in a BSE filing today. |
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L&T Q3 net surges 53% to Rs 15 bn; revenue rises 9.4% to Rs 287 bn
Posted on 31st January 2018 |
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Indian industrial group Larsen & Toubro Ltd reported a 53 per cent rise in third-quarter profit, beating analysts' expectations, as new orders rose, mainly in the infrastructure and hydrocarbon segments. Net profit rose to Rs 14.90 billion ($234.20 million) in the quarter ended Dec. 31, from 9.72 billion rupees a year earlier. |
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L&T crosses Rs2 trillion market cap for the first time
Posted on 29th January 2018 |
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Mumbai: India’s largest engineering and construction company Larsen and Toubro Ltd on Thursday crossed Rs2 trillion market cap for the first time after its shares soared over 13% so far this year. The stock touched a high of Rs1,430.60 a share and gained as much as 1.25% in intraday trade. Currently, its market cap stands at Rs2.01 trillion. At 9.35am, its shares were trading at Rs1,429.50 apiece on the BSE, up 1.17% from its previous close, while India’s benchmark Sensex index rose 0.49% to 36,228.72 points. |
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L&T Finance Q3FY18 consolidated net profit up 42% to Rs 3.84 billion
Posted on 25th January 2018 |
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L&T Finance Holdings Ltd’s (L&TFH) consolidated net profit for the third quarter ended December 2017 rose by 42 per to Rs 3.84 billion on sharp rise in fee income and control over expenses. It had posted a net profit of Rs 2.7 billion in third quarter of 2016-17 (FY17). Total Income rose by 25 per cent to Rs 27 billion in Q3Fy18. The fee income saw 93 per cent jump at Rs 3.55 billion. |
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Kingfisher case: Arrest warrant issued against Vijay Mallya, 18 others
Posted on 19th January 2018 |
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A court has directed issuance of arrest warrant against defaulter businessman Vijay Mallya and 18 others in the Kingfisher Airlines case, on a complaint filed by the Serious Fraud Investigation Office (SFIO). The probe agency, which comes under the corporate affairs ministry, has come across various violations of companies law in the case related to Kingfisher Airlines, which was grounded in 2012. |
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