| Larsen & Toubro Limited Related news |
L&T commissions 360 MW Bheramara power plant in Bangladesh
Posted on 9th January 2018 |
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Engineering major Larsen & Toubro today said it has commissioned and handed over the 360 MW Bheramara power plant in Bangladesh. The Bheramara Combined Cycle Power Plant Development project was handed over to North West Power Generation Company Ltd (NWPGCL), a fully-owned subsidiary of Bangladesh Power Development Board (BPDB), on January 5, 2018, it said in a BSE filing. |
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L&T Hydrocarbon Engineering secures Rs 14 bn offshore contract from ONGC
Posted on 5th January 2018 |
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L&T Hydrocarbon Engineering has secured a Rs 14.83 billion offshore contract from ONGC. L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has signed an offshore contract for the 'Bassein Development 3 Well Platform and Pipeline Project' with Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 14.83 billion, Larsen and Toubro stated in a BSE filing on Friday. |
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Tata Steel, NMDC hit 52-week high; L&T, Hindalco touch record high
Posted on 4th January 2018 |
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Tata Steel, NMDC, Oil India, Jain Irrigation Systems, Jet Airways and Jindal Steel & Power (JSPL) are among 36 stocks from the S&P BSE 500 index that hit their respective 52-week highs on BSE. Of these 36 stocks, around 21 recorded new highs in intra-day trade. These include Larsen & Toubro (L&T), Sun TV Network, Hindalco Industries, APL Apollo Tubes, Bajaj Electricals, Rain Industries and Sterlite Technologies |
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L&T's construction arm wins Rs 14.5 bn contracts including one in Egypt
Posted on 2nd January 2018 |
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Infrastructure major Larsen & Toubro (L&T) on Tuesday said its construction arm has won contracts worth Rs 14.54 billion including one in Egypt. The Smart World & Communications Business Unit secured an order worth Rs 8.64 billion for implementation of 5 million Smart Meters across 16 cities of Uttar Pradesh and Haryana, the company said in a statement. |
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L&T Infotech, L&T Technology Services hit 52-week high
Posted on 2nd January 2018 |
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Shares of two Larsen & Toubro (L&T) Group companies - L&T Infotech (LTI) and L&T Technology Services (LTTS) – hit their respective 52-week highs by rallying 7% each on the BSE in intra-day trade in an otherwise subdued market. LTI, a global technology consulting and digital solutions company, rallied 7% to Rs 1,229, while LTTS which focuses on engineering and R&D (ER&D) services, too surged 7% to Rs 1,141 on the BSE. At 11:08 AM; the S&P BSE Sensex was up marginally by 0.05% at 33,829 points. |
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L&T Construction gets orders valued at Rs 3,355 cr
Posted on 26th December 2017 |
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The buildings and factories business of L&T Construction has bagged orders worth Rs 3,355 crore, a regulatory filing by the company said here on Tuesday. The business has won an order from the India International Convention & Exhibition Centre Limited to design and construct a state-of-the-art India International Convention & Expo Centre in New Delhi. |
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L&T Infotech: Maintain ‘buy’ with a TP of Rs 1,175
Posted on 16th December 2017 |
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We attended L&T Infotech’s (LTI) Analyst Day, and reiterate our positive hypothesis. LTI’s growth will be driven by (1) Scalability of its strong client portfolio (54 from Fortune-500, with addressability of $54 billion across verticals), (2) New wins, with addition of 65 new logos (digital and enterprise solutions-led), (3) High client penetration in digital services (32% of rev), with an increasing deal size (>$1 mn accounts expected to increase to 120 in a year from 99 currently), (4) Investments to augment S&M and leadership in Europe, (5) Acquisitions supplementing capabilities (‘Augment IQ’ for IPs and Syncordis for core banking). |
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L&T Finance Offers Rs 300 crore loan to Satellite’s realty projects
Posted on 14th December 2017 |
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MUMBAI: Non-banking finance company L&T Finance Holdings has extended a loan of Rs 300 crore towards three projects of realty developer Satellite Group. The funding for nearly a million sq ft of development potential has been made at around 15% with a total tenure of up to 7 years, said two persons familiar with the development. The funds will be used for construction of the developer's 5-lakh-sq-ft low-cost housing project in Mumbai's western suburb Malad, a mid-income group project in Goregaon suburb, and a premium project in South Mumbai. |
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L&T may sell some assets by March to fund acquisition spree
Posted on 1st December 2017 |
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Mumbai: Larsen and Toubro Ltd (L&T), India’s largest engineering and construction group, said it expects to sell its electrical unit and spin out its road assets trust by March 2018, a sign that funding for plans to acquire more companies in information technology (IT) will soon be in place. Schneider Electric SE is in exclusive talks to buy the electrical unit, valuing it at around $2 billion, people familiar with the matter said last week. |
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PM Modi flags off first Hyderabad Metro train from Miyapur, takes a ride
Posted on 28th November 2017 |
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Prime Minister Narendra Modi on Tuesday inaugurated first phase of 30-km stretch Hyderabad Metro Rail project, touted as the world's largest public-private partnership (PPP) in the sector. Commercial operations of the Metro project will begin November 29, Hyderabad Metro Rail officials said. After inaugurating the first leg of Hyderabad Metro project from the Miyapur metro rail station on Tuesday, PM Modi took a ride in the metro. |
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