| Larsen & Toubro Limited Related news |
Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28 mn
Posted on 14th February 2019 |
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New Delhi: IT firm Larsen & Toubro lnfotech on Thursday announced acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore). "The company, through its wholly-owned subsidiary, Larsen & Toubro lnfotech GmbH, Germany, has signed a definitive agreement to acquire Nielsen+Partner Unternehmensberater GmbH headquartered in Hamburg, Germany, along with its identified subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium," Larsen & Toubro lnfotech said in a regulatory filing. |
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Larsen & Toubro's hydrocarbon arm get order worth over Rs 7,000 crore in Algeria
Posted on 12th February 2019 |
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L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro, has won a mega order worth over Rs 7,000 crore from Sonatrach-Algeria, the engineering major said in a statement on Tuesday. The engineering, procurement, construction and commissioning order is for setting up of to three Central Processing (CPF) facilities in the Adrar province of Algeria. |
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Reliance Group accuses L&T, Edelweiss of 'illegal' and 'motivated' actions
Posted on 8th February 2019 |
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Anil Ambani-led Reliance Group Friday accused L&T and Edelweiss entities of "illegal" and "motivated" actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value. A few NBFCs, "substantially L&T Finance and certain entities of Edelweiss Group, have invoked pledge of listed shares of Reliance Group and made open market sales of the value of approximately Rs 400 crore from February 4 to 7," the group said in a statement. |
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Larsen & Toubro gains 4% as Q3 results beat Street estimates
Posted on 28th January 2019 |
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Shares of Larsen & Toubro (L&T) were up 4 per cent to Rs 1,337 apiece on BSE in the early morning trade in an otherwise weak market after the company reported 37 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,042 crore in December quarter (Q3FY19). The healthy performance during the quarter was on back of improved operating performance and a higher other income. |
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L&T buyback rebuff throws up questions
Posted on 22nd January 2019 |
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The rejection of Larsen and Toubro’s (L&T) share buyback plan by Sebi has led to questions on whether the standalone or consolidated financials of a company should be considered. However, proxy advisory firm IiAS feels the latter is a more prudent method of defining parameters. On Saturday, L&T had announced that the market regulator had denied it permission for a Rs 9,000-crore share buyback programme. |
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L&T recovers after dropping 3% in intra-day trade
Posted on 21st January 2019 |
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Shares of Larsen & Toubro (L&T) recovered after falling 3 per cent to Rs 1,275 apiece on BSE even as the Securities and Exchange Board of India (Sebi) denied approval to the company’s Rs 9,000-crore share buyback plan, citing compliance issues over its post-buyback debt-equity ratio. |
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Sebi nixes L&T proposal for Rs 9,000 crore share buyback
Posted on 19th January 2019 |
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Engineering major Larsen & Toubro (L&T) Saturday said market regulator Sebi has denied permission for its Rs 9,000 crore share buyback offer. In a regulatory filing to stock exchanges, L&T said the Securities and Exchange Board of India (Sebi) has asked it not to proceed with the buyback. |
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PM Modi inaugurates L&T's howitzer gun-manufacturing unit in Surat
Posted on 19th January 2019 |
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Prime Minister Narendra Modi Saturday inaugurated the Armoured Systems Complex of Larsen and Toubro in Gujarat, the first private facility in the country where the K9 Vajra self-propelled Howitzer guns will be manufactured. L&T had in 2017 won the Rs 4,500-crore contract from the Ministry of Defence to supply 100 units of K9 Vajra-T 155 mm/52 calibre tracked self-propelled gun systems to the Indian Army under the Centre's 'Make in India' initiative. |
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Larsen & Toubro Infotech acquires Ruletronics for $7.48 million
Posted on 17th January 2019 |
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IT midcap and digital solutions company Larsen & Toubro Infotech (LTI) announced the acquisition of Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, USA, and India for $7.48 million. The acquisition will strengthen LTI’s rapidly growing digital business with a suite of capabilities in Pega implementation space around establishing BPM Roadmap & Strategy, Customer Services, RPA and Decisioning. |
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HFCL bags Rs 500-cr orders for optical fibres from L&T, ITI-led consortium
Posted on 10th January 2019 |
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Himachal Futuristic Communications Limited (HFCL) on Thursday won optical fibre cable (OFC) orders worth over Rs 500 crore for BharatNet Phase –II Project from Larsen & Toubro (L&T) and a consortium led by ITI. Order from L&T amounts to Rs 147.73 crore for supply of 16,882 KM OFC which shall be used by L&T for creating OFC Network infrastructure in Andhra Pradesh under BharatNet Phase-II Project. |
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