| Larsen & Toubro Limited Related news |
L&T Infrastructure Finance looks to raise $1 billion in a private equity fund
Posted on 4th August 2014 |
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MUMBAI: L&T Infrastructure Finance is looking to raise roughly $1 billion in a private equity (PE) fund focused on investing in power, roads, ports and other projects, three people with direct knowledge of the matter said, with the sector set to pick up as the new government gets cracking on improving India's creaking facilities. The infrastructure finance arm of engineering giant Larsen & Toubro resumed the fund-raising exercise after the general election and aims to finish by next year. The money is expected to be raised from domestic and foreign institutional investors. |
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L&T dips 7% after poor Q1 show
Posted on 31st July 2014 |
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Engineering major Larsen & Toubro’s (L&T’s) share price fell the most in a year on brokerage downgrades after the company’s dismal first quarter numbers. Shares of the company fell 7.32 per cent to Rs 1,542, a two-month low. Citigroup downgraded L&T from ‘buy’ to ‘neutral’ and said that investors “need to curb their enthusiasm”. Despite today’s fall, shares of L&T are up 42% so far in 2014 compared to a 24% increase in the benchmark Sensex. |
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BSE Sensex down 61 pts in early trade; L&T plunges 7.98 pct
Posted on 30th July 2014 |
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BSE Sensex fell over 61 points in early trade today on selling by funds and retail investors ahead of monthly expiry in the derivatives segment amidst lower-than expected corporate earnings by some firms. The 30-share barometer, which had lost 280.62 points in the previous two sessions, moved down by another 61.40 points, or 0.29 per cent, to 25,929.83 with capital goods, realty, metal and healthcare stocks leading the fall. |
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L&T tanks 8% post June quarter earnings
Posted on 30th July 2014 |
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Larsen and Toubro (L&T) has tanked nearly 8% to Rs 1,512 on National Stock Exchange after reporting the consolidated net profit of Rs 967 crore for the quarter ended June 2014 (Q1), mainly on account of one-time gain of Rs 249 crore on disinvestments and stake sale in one of its project. The company had reported a net profit of Rs 459 crore in the corresponding quarter of last fiscal and Rs 2,840 crore in March quarter. |
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L&T Tech unveils growth plans
Posted on 26th July 2014 |
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L&T Technologies Services, a wholly-owned subsidiary of Larsen & Toubro (L&T), has unveiled plans to achieve revenue of $1 billion and be one of the world’s top technology service providers. The company plans to achieve this target by focusing more on markets such as Japan, the Middle East and Korea as well as through acquisitions. |
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L&T's engg services arm set for next step
Posted on 24th July 2014 |
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After establishing itself as an independent company earlier this year, L&T Technology Services, a fully-owned subsidiary of Larsen & Toubro (L&T), is set to explore inorganic growth. Late last month, the Mumbai-headquartered company took a controlling stake in Thales Software India , a Chennai-based captive software arm of Thales, the French defence major. It has now set its sights on acquisitions in client countries. |
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L&T Infra Finance looks to offer loans to non-infra segments
Posted on 22nd July 2014 |
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Mumbai: L&T Infrastructure Finance Co. Ltd will venture into non-infrastructure segments and offer working capital loans as it transforms into the role of a wholesale lender, chief executive G. Krishnamurthy said. The company is promoted by L&T Finance Holdings Ltd, a subsidiary of Larsen & Toubro Ltd, India’s largest engineering company. |
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Autonomous L&T Gulf to service global markets
Posted on 3rd July 2014 |
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Even as most of its competitors were struggling, Larsen & Toubro (L&T) exited 2013-14 with fresh orders worth Rs 94,100 crore, up 15 per cent compared to the previous year. A third of these orders were from abroad, in line with the company's strategy to globalise and de-risk its business model. While the company has been working on this strategy for about a decade, after it missed out to US and Korean rivals during the boom in the Gulf, it is now playing catch-up by setting up a strong base there. |
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Naik divides L&T to rule the future
Posted on 2nd July 2014 |
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Conglomerates are sometimes referred to as “corporate chaos” because of the complex web of businesses they manage. Shares of these companies tend to trade at a discount compared to standalone businesses, as investors find it difficult to gauge a fair value of the diverse businesses these behemoths house. India’s engineering and construction giant Larsen & Toubro has found itself at the receiving end of some very tough questions for these very reasons as investors believe it has spread itself too thin. |
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L&T Finance Holdings gains on fund raising plan
Posted on 1st July 2014 |
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L&T Finance Holdings is trading higher by 2.5% at Rs 76.35 after the company said its board has approved to raise up to Rs 263 crore by issuing Cumulative Compulsorily Redeemable Preference Shares (CCRPS) on private placement basis. |
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