| Larsen & Toubro Limited Related news |
L&T net down 37% to Rs 606 cr in Q1
Posted on 31st July 2015 |
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Engineering and Infrastructure major L&T's net for Q1 was down by 37% to Rs 606 crore against Rs 967 crore for the corresponding period last year. Consolidated gross revenue registered a 7% growth as it rose to Rs 20,460 crore against Rs 18,970 crore. |
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L&T Finance acquires 26% stake in Grameen Capital
Posted on 14th July 2015 |
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Grameen Capital India today announced that L&T Finance has acquired 26% stake in the company for an undisclosed amount. Grameen Foundation, Citicorp Finance, Amit and Arihant Patni are the other shareholders in the company. |
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L&T bags offshore contract worth Rs 2,715 cr from ONGC
Posted on 24th June 2015 |
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L&T Hydrocarbon Engineering Ltd (LTHE), a subsidiary of Larsen & Toubro (L&T), on Wednesday said it has bagged an offshore contract from ONGC valued at Rs 2,715 crore. The contract was won against international competitive bidding for the Oil & Natural Gas Corporation (ONGC) project at Bassein field near Mumbai coast in western offshore basin of India. |
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Larsen & Toubro to list L&T Infotech by Dec 2015: report
Posted on 23rd June 2015 |
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Industrial conglomerate Larsen & Toubro Ltd will list its IT services unit L&T Infotech by December this year, Chairman AM Naik told CNBC TV18 on Tuesday. The company, which has been looking to exit non-core businesses, will sell a 10% stake in the unit, Naik said in an interview to the business news channel. |
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L&T Finance Holdings rises on stake sale plan
Posted on 10th June 2015 |
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Shares of L&T Finance Holdings has increased by 2% to Rs 62 on the BSE on reports stating that the financial services unit of engineering major L&T is in talks to sell a minority stake to Bain Capital, one of the world's leading private, alternative asset management firms. On signing the deal, Bain Capital would have to pay approximately $350 million. The company desires to expand beyond business outsourcing and manufacturing and foray into financial services in India. |
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L&T Kattupalli Port begins truck exports
Posted on 9th June 2015 |
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L&T Kattupalli Port has begun export of trucks and cars with the maiden call of car carrier, M.V. Gardenia Ace on Monday. With this, L&T Kattupalli Port has become the third port in Chennai to handle Roll-on Roll-off (RoRo) vessel for shipping cars, trucks, tractors and earth movers. The other two ports — Chennai Port Trust and Kamarajar Port Ltd. — are already handling truck and car shipments. |
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L&T bags orders worth Rs 1,099 cr in May
Posted on 1st June 2015 |
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Engineering and construction major Larsen & Toubro (L&T) today said it has bagged orders worth Rs 1,099 crore across various business verticals last month. The company's power transmission and distribution business bagged orders worth Rs 517 crore in both international and domestic markets, including add ons, L&T said in a filing to the BSE. |
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L&T open to spend $1 bn on IT buyouts
Posted on 19th May 2015 |
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Larsen & Toubro, the country's biggest engineering company, is open to spending as much as $1 billion on acquisitions for its software-services unit as the subsidiary prepares for an Initial Public Offering. Buying companies will help L&T Infotech build scale and compete with larger rivals, R Shankar Raman, L&T's Mumbai-based chief financial officer, said in an interview. The company might spend between $100 million and $1 billion, he said, without being more specific. |
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Make in India: L&T, Hyundai Industries ink LNG carriers agreement
Posted on 12th May 2015 |
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MUMBAI: Engineering major Larsen & Toubro has signed a technology transfer agreement with South Korea's Hyundai Heavy Industries to build carriers for liquefied natural gas (LNG) at its shipyard at Kattupalli, near Chennai. While L&T aims to bag order from staterun GAIL which is likely to re-launch tender for nine LNG carriers with this tie-up, the company hopes to get more orders in India and abroad. GAIL had issued a Rs 42,370-tender to charter nine LNG carriers in August last year which was later scrapped due to dismal response. |
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L&T deal key to viability of Areva’s Jaitapur N-plant
Posted on 4th May 2015 |
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A deal signed between engineering firm L&T and French nuclear vendor Areva for maximising the localisation of critical components for the proposed 10,000-MW nuclear power plant at Jaitapur marks a desperate attempt to prune the cost of each of the six 1,650 MWe (mega watt electric) reactors to be deployed at the site in Maharashtra to about $4 billion. This is expected to translate into a generation cost equivalent of about Rs 7 per unit. |
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