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Larsen and Toubro gains on winning orders worth of Rs 4,006 crore
Posted on 5th January 2015
Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,570 on NSE after the company said it has won orders worth of Rs 4,006 crore in the month of December 2014.

The construction arm of L&T has won orders worth Rs 4,006 crore across various business segments in the month of December’14 in both the domestic and international markets, L&T said in a statement.


L&T bags contracts worth Rs 2,521 crore in Dec
Posted on 30th December 2014
Engineering firm Larsen & Toubro (L&T) today said it bagged contracts worth Rs 2,521 crore in its building and factories business in both domestic as well as international markets this month.

The company's overseas subsidiary L&T Oman from the ministry of transport and communications, Sultanate of Oman, has secured an order for the construction of a new passenger terminal at Duqm Airport in Oman, a release issued here said.


L&T gains on winning contract of Rs 894 crore from ONGC
Posted on 29th December 2014
Shares in Larsen and Toubro (L&T) were trading higher by nearly 1% at Rs 1,502 on NSE after the company said it has bagged an offshore contract valued at Rs 894 crore from the Oil & Natural Gas Corporation (ONGC).

L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at Rs 894 crore from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project, L&T said in a press release.


L&T keen to invest in solar, wind projects in Andhra Pradesh
Posted on 27th December 2014
The L&T group has come forward to invest in solar and wind power projects in Andhra Pradesh.

L&T Financial Holdings Limited chairman and managing director YM Deosthali, who met chief minister N Chandrababu Naidu, has sought further clarity on the government's wind power policy in this regard, according to the chief minister's office.


L&T: dip an opportunity to accumulate
Posted on 21st December 2014
Larsen And Toubro, the capital goods major, has seen more than 10% correction in its stock price as concerns over plummeting oil prices impacting its order flow from Middle East have increased.

Out of around Rs 50,000 crore overseas order flows L&T bagged since FY13, Rs 43,750 crore is spread across Qatar, Saudi Arabia, Oman Kuwait and Abu Dhabi. So, the market concerns are valid. However, the same have been over-exaggerated, feel analysts.


Sensex up over 250 points; ICICI Bank, Infosys top gainers
Posted on 19th December 2014
Markets opened higher, amid firm global cues, with bank and IT shares leading the gains in early trades.

At 9:30AM, the 30-share Sensex was up 269 points at 27,395 and the 50-share Nifty was up 77 points at 8,236.


Canada Pension Plan invests Rs 1,000 cr in L&T infra subsidiary
Posted on 18th December 2014
Canada Pension Plan Investment Board (CPPIB) has completed its initial Rs 1,000-crore investment in Larsen & Toubro Infrastructure Development Projects (L&T IDPL). The two companies had signed an agreement in June and the investment was concluded on Tuesday.

According to the agreement, CPPIB will invest the second tranche of (a minimum of) Rs 1,000 crore after 12 months. This is the first direct investment by the Canadian pension plan in an Indian infrastructure company.


MFs shed Bharti Airtel, HDFC Ltd & ITC from their top 10 picks in 2014
Posted on 17th December 2014
India's equity mutual fund managers have kept their top-10 picks almost intact through 2014, barring three stocks. Despite being giants in their respective sectors, the three failed to make it to the most-invested stocks this year, said Value Research.

The three are telecom giant Bharti Airtel, fast-moving consumer goods major ITC and Housing Development Finance Corporation.


Nifty facing resistance above 8,450; HDFC down 1%
Posted on 18th November 2014
Benchmark share indices remained rangebound after the first hour of trade as gains in Bharti Airtel and index heavweight Reliance Industries helped offset losses in IT majors and HDFC.

At 10:45AM, the 30-share Sensex was up 64 points at 28,242 and the 50-share Nifty was up 12 points at 8,443.


L&T agrees to realign Hyd metro route in three locations
Posted on 17th November 2014
Infrastructure major Larsen and Toubro (L&T Limited), which was not ready to accept the request of the Telangana government a few months ago to change the metro rail alignment, has finally agreed to change it in three locations.

According to the new changes, the track, which was earlier planned in front of the old Assembly building, will now go from behind the Assembly building.


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