L&T may cut its order growth guidance for FY19, say analysts
Posted on 4th January 2019 |
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Larsen and Toubro may cut its order growth guidance for FY19 due to slowdown in new project announcements, according to analysts. L&T announced orders are down around 50% year-on-year to Rs 14,500 crore in the three months of October-December 2018, primarily due to exhaustion of large orders pipeline after a sharp order growth over the past four quarters, analysts at Deutsche Bank Research observed in a recent report. |
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L&T Construction bags orders worth Rs 1,060 crore in domestic market
Posted on 3rd January 2019 |
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Larsen & Toubro (L&T) on Thursday said its construction arm has won orders worth Rs 1,060 crore in the domestic market. "The smart world and communication business has secured a major order from the Andhra Pradesh State FiberNet Limited (APSFL) for Bharatnet Phase-II works to establish an IP/MPLS Infrastructure covering the 13 districts of Andhra Pradesh," the engineering and construction major said in a BSE filing. |
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L&T bags orders worth Rs 2,084 crore
Posted on 31st December 2018 |
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New Delhi: Engineering major Larsen & Toubro Monday said its construction arm has bagged orders worth Rs 2,084 crore in the power transmission and distribution segment. “The power transmission and distribution business of L&T Construction has secured Engineering, Procurement and Construction (EPC) orders worth Rs 2,084 crore,” the company said in a statement. |
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L&T Construction bags orders worth Rs 2,357 crore
Posted on 27th December 2018 |
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Larsen & Toubro (L&T) Thursday said its construction arm of has won orders worth Rs 2,357 crore in the domestic market. L&T's water and effluent treatment and transportation infrastructure business has secured order worth Rs 1,281 crore from Andhra Pradesh Capital Region Development Authority (APCRDA), the engineering and construction major said in a regulatory filing. |
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Larsen & Toubro Infotech appoints Nachiket Deshpande as COO
Posted on 12th December 2018 |
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Larsen & Toubro Infotech (LTI), IT services arm of engineering and construction conglomerate Larsen & Toubro (L&T) Ltd., on Wednesday said it has appointed Nachiket Deshpande as its Chief Operating Officer. Deshpande was with Cognizant Technology Solutions before joining LTI. |
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L&T Construction bags orders worth Rs 2,106 crore
Posted on 5th December 2018 |
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Larsen & Toubro (L&T) Wednesday said its construction arm has bagged orders worth Rs 2,106 crore across various business segments in the domestic market. The water and effluent treatment business have secured orders worth Rs 1,954 crore while L&T Geo-Structure business has secured orders worth Rs 152 crore, the engineering and construction major said in a regulatory filing. |
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L&T, Kotak, NBCC, two others submit EoI for JIL
Posted on 21st November 2018 |
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State-owned NBCC, Cube Highways & Infrastructure, L&T Infrastructure, Kotak Investment Advisors and Suraksha Asset Reconstruction along with Lakshdeep Investments and Finance and Suraksha Realty have submitted their expression of interest for the bankrupt Jaypee Infratech (JIL). These firms have been provisionally shortlisted by the resolution professional and will subsequently be asked to submit their resolution plans. |
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L&T, Tata Power want a piece of Aarey forest land
Posted on 8th November 2018 |
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Activists blame government for opening up green belt for commercial use. After a series of land diversions in the Aarey forest in the last few decades, more applications are coming up for land allotments from private organisations and government. Documents obtained by this newspaper under the RTI Act show that Larsen and Toubro has asked for land for a labour camp in Aarey. |
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Larsen & Toubro gains 6% as Q2 profit beats estimate
Posted on 1st November 2018 |
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Shares of Larsen & Toubro ((L&T) were up by 6% at Rs 1,379 per share on the BSE in early morning trade after the company reported 23% year-on-year (Y-o-Y) jump in its consolidated net profit at Rs 22.30 billion in September quarter (Q2FY19). The consolidated gross revenue during the quarter grew 21% at Rs 320.81 billion on a Y-o-Y basis. |
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