L&T to construct Wave's housing project in Noida
Posted on 30th April 2015 |
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Infra major Larsen & Toubro (L&T) will construct a luxury housing project of Wave Infratech in Noida. The project 'Eminence' would be completed in 42 months. Eminence spread over 1.62 acres is part of Wave's mega township project Wave City Center. |
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L&T Finance Holdings gains post Q4 results
Posted on 23rd April 2015 |
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Shares of L&T Finance Holdings has moved higher by 4% to Rs 66.45 on the NSE in an otherwise weak market after reporting a 10% year on year (yoy) jump in its consolidated net profit before exceptional items at Rs 206 crore for the quarter ended March 2015 (Q4). Net interest income grew 21% at Rs 706 crore on yoy basis. Gross non-performing assets (NPA) during the quarter under review declined to 3.01% against 3.18% and net NPA to 1.98% from 2.29% over the previous year quarter, L&T Finance Holdings, the non-banking financial arm of Larsen & Toubro said in a filing. |
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Nifty facing resistance above 8,400; HDFC, L&T up 1%
Posted on 22nd April 2015 |
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The Indian rupee was trading marginally higher at 62.83 per dollar against previous day's closing value of 62.85 a dollar tracking gains in equities. BSE Healthcare index was the top gainer up 1% followed by Capital Goods, FMCG, Metal, Oil and Gas indices. |
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L&T gains on signing MoU with French firm for nuclear plant
Posted on 13th April 2015 |
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Shares of Larsen & Toubro (L&T) were trading higher by 1% at Rs 1,783 on the BSE after the company said it has signed a memorandum of understanding (MoU) with French firm Areva for cooperation to maximise localisation for the EPR nuclear power plant to be built at Jaitapur in Maharashtra. Areva’s EPR nuclear reactor is a third generation advanced pressurised water reactor. |
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Markets shrug off RBI neutral stance; L&T up 1%, NTPC up 3%
Posted on 7th April 2015 |
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Marginal recovery in rate sensitive shares in late trades helped markets recoup intra-day losses to finally end flat even as the Reserve Bank of India at its policy meet early today maintained status quo on key rates. The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660. |
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L&T Construction bags orders worth Rs 5,492 cr
Posted on 6th April 2015 |
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Larsen & Toubro (L&T) today said its construction arm has bagged orders worth Rs 5,492 crore across various segments in March. In the building and factories segment, the projects L&T Construction has won include a major order for construction of a mix use development complex in Mumbai, it said. |
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L&T bags Rs. 5,580 crore order from NTPC
Posted on 1st April 2015 |
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Infrastructure firm Larsen & Toubro has bagged a Rs 5,580—crore contract from state—run NTPC for setting up a thermal power project at Khargone in Madhya Pradesh. “Larsen & Toubro (L&T) has secured a turnkey order from NTPC for setting up a 2x660 MW greenfield thermal power plant in Khargone district of Madhya Pradesh on EPC (engineering, procurement and construction) basis, ” the company said in a statement. |
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L&T Construction bags orders worth Rs 2,101 crore
Posted on 31st March 2015 |
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Larsen & Toubro (L&T) today said it has bagged orders worth Rs 2,101 crore across various segments in March. "The construction arm of L&T has won orders worth Rs 2,101 crore," the company said in a filing to the BSE. |
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3,000 L&T employees celebrate Naik's 50th year in service
Posted on 24th March 2015 |
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In his 50 years of service and leadership in one company, A M Naik has a formidable collection of laurels. There has been no dearth of compliments. However, the executive chairman of Larsen & Toubro (L&T) would surely treasure this as one of his biggest awards – about 3,000 employees of the engineering and construction conglomerate came together to celebrate Naik’s 50 years of service at the company’s Powai campus here on Monday. Naik completed his 50th year in the company on March 15, but the celebrations were delayed as the man himself was in Kuwait, to do what he loves best – work. |
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L&T Infotech bags $10-million contract from RVNL
Posted on 16th March 2015 |
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IT solutions service provider L&T Infotech has received a $10 million contract from state-run Rail Vikas Nigam (RVNL) to integrate its business functions. "L&T Infotech, a global provider of information technology services and solutions, has been awarded a contract worth USD 10 million to integrate the business functions of Rail Vikas Nigam (RVNL)," the company said in a release today. |
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