| Larsen & Toubro Limited Related news |
Narendra Modi govt shortlists Larsen & Toubro, Pipavav for Rs 60,000 cr submarine contract
Posted on 9th March 2015 |
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The government has shortlisted Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company, in which the Anil Ambani group firm Reliance Infrastructure has recently acquired management control, for award of a Rs 60,000-crore contract to build six conventional submarines under its Project 75i. According to highly-placed sources, a high-level committee headed by vice-admiral Subhedar, which had inspected both public and private shipyards to shortlist candidates to issue the request for qualification (RFQ) for Project 75i, in its final presentation to the ministry of defence (MoD) last week, selected the two private sector shipyards — L&T’s Katupalli yard and Pipavav unit. |
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L&T wins orders worth Rs 2,215 crore
Posted on 3rd March 2015 |
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Mumbai: India’s biggest engineering and construction firm Larsen and Toubro Ltd (L&T) on Tuesday said it had won orders worth Rs.2,215 crore across various business segments over the last two months. The power transmission and distribution business contributed Rs.1,137 crore of new orders, Rs.962 crore of orders went to the buildings and factories unit that includes a repeat order of Rs.732 crore for a commercial project in Oman. |
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Tata Power, Larsen & Toubro gain as consortium shortlisted for defence project
Posted on 27th February 2015 |
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Shares of Larsen and Toubro (L&T) and Tata Power Company are trading higher between 3-4% on BSE after these companies were shortlisted for Battlefield Management System by Ministry of Defence. At 1005 hours, Tata Power Company has surged 4% to Rs 86, while L&T up 3% at Rs 1,728 on BSE. |
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Airbus in talks with L&T to set up radar manufacturing facility
Posted on 20th February 2015 |
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Mumbai: The Airbus Group NV is in advanced talks with India’s largest engineering company Larsen and Toubro Ltd (L&T) for setting up a radar manufacturing facility in India. In an interview, Christian Scherer, executive vice-president (head of marketing and sales) and member of executive committee at Airbus Defence and Space GmbH, said it has started discussions with its preferred partner L&T for such a facility. |
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Larsen & Toubro rating: Add: Disappointing pace
Posted on 16th February 2015 |
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L&T’s Q3 profitability was below our estimate, led by losses in the hydrocarbons business, unfavourable job mix, very weak non-infrastructure sales and one-offs. FY15 will be a lacklustre year but FY16 looks better given (i) likely continuation of strong sales growth in the infrastructure segment (+20%) and pick-up in non-infrastructure sales on improving inflow/backlog in FY15, (ii) losses in the hydrocarbon business will be largely provided for in FY15, (iii) potential impact, if any, of the infrastructure segment’s overseas execution on margin will materially reflect only in FY17, (iv) continued positive news flow on better domestic ordering, which will eventually be followed by actual higher order awards, though potentially back-ended. |
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L&T Infotech targets $1 billion revenue next year
Posted on 12th February 2015 |
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L&T Infotech, the IT services and solutions arm of the EPC major, is looking at revenues of over $1 billion in FY16 before it comes with its IPO in mid-2016. (We are) working on strategies for revenues to cross $1 billion and go for IPO in mid 2016, its chief operating officer Chandrashekar Kakal told PTI |
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Sensex closes 178 points higher; Axis Bank, L&T top gainers
Posted on 11th February 2015 |
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Mumbai: India’s benchmark index, S&P BSE Sensex, rose for the second consecutive day on Wednesday, led by shares of capital goods, healthcare and power companies, and banks. The 30-share Sensex closed 0.63%, or 178.35 points, higher at 28,533.97, while the National Stock Exchange’s broader 50-share CNX Nifty gained 0.72%, or 61.85 points, to end at 8,627.40. |
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L&T disappoints on many counts
Posted on 10th February 2015 |
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Larsen & Toubro posted an 8.8 per cent rise in consolidated net profit for the third quarter, on the back of revenue growth. However, the results failed to meet the Street expectation. The company also disappointed by lowering its order growth forecast (‘guidance’) to 15-20 per cent from the 20 per cent at the start of the financial year, anticipating delays in order booking. |
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Sensex falls over 300 points; L&T, ICICI Bank dip 2%
Posted on 9th February 2015 |
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Benchmark indices have extended losses and are trading near day’s low with Sensex and Nifty slipping over 1% weighed down by metal, auto and financials shares. By 10:15, the Sensex was lower by 341 points at 28,377 whereas the Nifty has slipped by 100 points at 8,561 levels. |
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L&T Finance mulls payment bank option
Posted on 22nd January 2015 |
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L&T Finance Holdings Limited is considering putting its hat into the ring for a payment bank licence. Y M Deosthalee, chairman and managing director, said, "We have evaluated the payment bank option. It will take some more time for us to arrive at a decision." |
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