| Larsen & Toubro Limited Related news |
L&T gains after bagging an order worth Rs 5,100 crore
Posted on 5th September 2014 |
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Engineering conglomerate L&T has gained over 1% to Rs 1610 on the BSE in the early morning trades after the company secured a turnkey order worth Rs 5,100 crore for setting up a 1320 MW supercritical thermal power plant project at Shree Sinaji TPP (Stage-II) on complete engineering-procurement construction basis from the state utility MP Power Genertaing Company Limited (MPPGCL) |
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L&T faces cost overrun of Rs3,000 crore
Posted on 3rd September 2014 |
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Hyderabad: Larsen and Toubro Ltd (L&T), which is building the Rs.16,375 crore Hyderabad Metro Rail project, said on Tuesday it is facing a cost overrun of as much as Rs.3,000 crore on account of high interest cost and delays in execution. “The project is at a critical stage,” said V.B. Gadgil, chief executive and managing director of L&T Hyderabad Metro Rail Pvt. Ltd, the unit that’s executing the metro rail project. |
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Sensex up over 150 points; ICICI Bank, L&T up 2-3%
Posted on 1st September 2014 |
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Markets continue to trade near their day's highs in late morning deals with capital goods and bank shares leading the gains on better-than-expected GDP growth in the first quarter ended June 30, 2014. At 11:50AM, the 30-share Sensex was up 168 points at 26,808 and the 50-share Nifty was up 56 points at 8,010. |
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L&T Finance checks in at Lavasa
Posted on 26th August 2014 |
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L&T Infra Finance has signed an agreement with Lavasa Corporation, a subsidiary of HCC group, for purchase of 20.23 hectares of land, with a development potential of 500,000 sq ft at Mugaon town in Pune's Lavasa City. |
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ITC topples TCS to become India's most admired company
Posted on 25th August 2014 |
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Tobacco-to-FMCG conglomerate ITC has replaced Tata group's IT giant TCS as the country's most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. In the latest list for the year 2014, ITC is followed by engineering and infrastructure major Larsen and Toubro (L&T), another FMCG giant Hindustan Unilever, carmaker Maruti Suzuki and public sector bank SBI among the top five most admired companies in India. |
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L&T to consolidate foreign business
Posted on 23rd August 2014 |
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Policy changes and a provision for guaranteed returns must be put in place to boost infrastructure development, which requires large-scale funding, said Larsen & Toubro (L&T) Chairman A M Naik. Companies will invest only if there is an assurance of returns, he said in an interaction with reporters here on Friday. Over the past few years, L&T has been looking abroad for orders. Naik said the company would consolidate its international business by replicating its domestic structure and systems and that it is hopeful of domestic projects coming on track with the new government approving coal mines and taking policy decisions to support investment. |
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Why analysts are angry with L&T
Posted on 14th August 2014 |
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The international strategy of Larsen & Toubro, the country’s largest engineering and construction company, hasn’t quite worked the way it had wanted. It hydrocarbon division reported a Rs 900 crore loss in the June quarter. With the company booking losses in all the six hydrocarbon orders it won and implemented over the past three years, the stock has fallen 12 per cent since the results were announced. Analysts are angry, as the company’s performance is not in line with their projections and say L&T did not adequately disclose the extent of stress in its international order book. |
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L&T to go for subcontracts in Persian Gulf instead of hiring
Posted on 11th August 2014 |
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Larsen & Toubro (L&T) will strengthen its project management team and go in for subcontracting instead of hiring local staff in the Persian Gulf, following a Rs 942-crore pre-interest and tax loss in the hydrocarbon segment in the last quarter. L&T posted a 111 per cent year-on-year growth in consolidated net profit to Rs 967 crore in the first quarter of 2014-15 on the sale of its stakes in its finance services company, L&T Finance Holdings, and Dhamra port. |
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Sensex, Nifty rangebound; top ten stocks in focus
Posted on 6th August 2014 |
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NEW DELHI: The S&P BSE Sensex plunged as much as 86 points in trade on Wednesday following muted trend seen in other Asian markets. The fall in the index was led by losses in ITC, HDFC Bank, Tata Motors and L&T. Tracking the momentum, the 50-share Nifty index also came under some bit of pressure but was trading above its crucial psychological level of 7700. |
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IT & telecom drive net up in Q1, infra still to recover from slowdown
Posted on 4th August 2014 |
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With Maruti, Bharti, HUL and Idea all beating the Street, the mood in corporate India, if not actually, upbeat, is certainly better than it was a few months ago. There is, however, some despondency that goes with the realisation that the core of the economy remains in deep trouble; from Larsen &Toubro to NTPC and Ultratech to Sesa Sterlite, large chunks of industry continue to find the going tough. |
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