| Larsen & Toubro Limited Related news |
L&T bags Rs 1,630-cr contract in UP
Posted on 8th October 2014 |
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Engineering firm Larsen & Toubro (L&T) on Tuesday said it has bagged a contract worth Rs 1,630 crore from the Uttar Pradesh Expressways Industrial Development Authority for the construction of a six-lane access controlled expressway in the state. The company's transportation infrastructure business has received the Rs 1,630 crore EPC order for constructing a six- lane access controlled expressway from Unnao district to Lucknow, a release issued here said. |
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Larsen and Toubro gains on Rs 1,423 crore new orders
Posted on 30th September 2014 |
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Larsen and Toubro (L&T) has moved higher by 2% to Rs 1,490 after the company said it has won new orders worth Rs 1,423 crore across various business segments in September 2014, including order from Lucknow Metro Rail Corporation. The company’s heavy civil infrastructure business has bagged a Rs 631 crore prestigious order from the Lucknow Metro Rail Corporation Limited for the construction of the Lucknow Metro, L&T said in a statement. |
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Tata companies band together for bigger piece of defence pie
Posted on 30th September 2014 |
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In July, when Tata group Chairman Cyrus Mistry identified defence & aerospace as one of the four clusters that could drive growth for the conglomerate over the next decade, he clearly had his eye on the estimated $250 billion (Rs 15 lakh crore) that the government would spend to purchase arms and equipment in this period. The other three clusters, in Mistry's view, were consumer goods, infrastructure and financial services. |
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Markets open flat; IT, pharma gains
Posted on 29th September 2014 |
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After a brief opening in red, benchmark indices edged higher on account of gains in IT and pharma names. At 0940 hrs, the Sensex was up 62 points at 26,688 and the Nifty edged higher up 13 points to trade at 7,981. In line with weak Asian cues, the benchmark indices started on a flat note with a negative bias. The one weighing on the indices were ICICI Bank, L&T, ITC and ONGC in opening deals. |
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109 stocks from BSE-500 index hit three-month low
Posted on 26th September 2014 |
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The recent 1,000 point correction in the S&P BSE Sensex from its record high has seen 109 stocks from BSE-500 index hit their respective three-month low level. Reliance Industries, Hindalco Industries, Tata Steel, Larsen and Toubro, BHEL, DLF, Tata Power Company, Reliance Infrastructure, Cairn India and Reliance Capital are among few notable shares touched three-month low on BSE during the current week. |
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L&T wins Rs 1,577 cr contracts
Posted on 22nd September 2014 |
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Engineering and construction major Larsen & Toubro today said it has bagged new orders worth Rs 1,577 crore in September including those for building two residential towers in Mumbai. "The construction arm of L&T has won new orders worth Rs 1,577 crores across various business segments in September 2014," an official statement said. |
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Committed to Hyderabad metro rail: L&T
Posted on 18th September 2014 |
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The L&T management on Wednesday reiterated its commitment to complete the Rs 16,000-crore Hyderabad Metro Rail project “expeditiously as per schedule” after local newspapers published reports stating the concessionaire had informed the government its intent to exit from the public-private partnership project owing to several issues, including the change in status of Hyderabad post bifurcation. |
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40 Years Ago... And now: L&T - The graveyard of corporate raiders
Posted on 17th September 2014 |
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In 1987, a move by Manu Chhabria to pick up a one per cent stake in Larsen & Toubro (L&T) triggered multiple controversies that ended only 16 years later in 2003, after many riveting political and boardroom dramas. By then, two of the corporate protagonists were dead and employees of the giant engineering conglomerate had taken charge of its destiny |
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DLF, L&T, ITC in Goldman Sachs' 'conviction' list
Posted on 9th September 2014 |
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Realty major DLF, engineering behemoth Larsen and Toubro (L&T) and FMCG (fast moving consumer goods) giant ITC are among the eight ‘conviction ideas’ of Goldman Sachs according to a September 2014 report. Grasim Industries, IndusInd Bank, Petronet LNG, Voltas and Tech Mahindra are other stocks in this list, where the upside from closing price levels of September 4, 2014 over the next 12 months could range between 1.4 and 74.5 per cent, the report says. |
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L&T gains on winning orders worth Rs 1,920 crore
Posted on 8th September 2014 |
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Shares of L&T have gained nearly 1% to Rs 1,623 on the BSE after the company said its wholly owned subsidiary L&T Hydrocarbon Engineering (LTHE) has secured new orders in the offshore and onshore segments worth Rs 1920 crore from domestic oil and gas majors. An offshore contract worth Rs 1340 crore from Oil & Natural Gas Corporation (ONGC), includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field of ONGC. The project is scheduled for completion by March 2016, L&T said in a statement. |
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