L&T Finance Holdings hits 52-week low post September quarter results
Posted on 25th October 2018 |
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Shares of L&T Finance Holdings (LTFH) have slumped as much as 13% to Rs 111 per share, also their 52-week low on the BSE in early morning trade, despite the company reporting a strong 66% year-on-year (Y-o-Y) growth in its consolidated net profit of Rs 5.60 billion in September quarter (Q2FY19). Net interest income (interest income minus interest expense) grew 54% to Rs 11.26 billion over the previous year quarter. |
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L&T only Indian firm among 25 companies in Forbes' best employer list
Posted on 17th October 2018 |
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Engineering and construction major Larsen & Toubro (L&T), which is majority owned by its employees, is the only domestic firm to be featured among the top 25 companies in the Forbes’ global 2000 best employers list that is led by Google parent Alphabet. While L&T is ranked 22, there are only four domestic firms in the top 100 list which include Mahindra & Mahindra at 55, Grasim Industries at 59 and HDFC at 91, and only 24 domestic companies in the overall list, according to the US magazine. |
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L&T arm bags orders worth Rs 1,000 cr in Q2
Posted on 15th October 2018 |
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NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Monday said that its heavy engineering arm has bagged additional orders worth over Rs 1,000 crore during the September quarter. The L&T Heavy Engineering, the heavy engineering arm of Larsen & Toubro, has secured additional orders worth 1,050 crore in the second quarter this fiscal. |
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L&T Construction bags orders worth Rs 18.81 bn from India, Kuwait, Egypt
Posted on 8th October 2018 |
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Larsen & Toubro (L&T) Monday said the power transmission and distribution business of its arm L&T Construction has bagged orders worth Rs 18.81 billion in the domestic and international markets. "The business has secured major orders for constructing 22 132/11kV substations in Kuwait," the engineering and construction major said in a BSE filing. |
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L&T bags Rs 30.36-bn order to build T2 of Bengaluru international airport
Posted on 3rd October 2018 |
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Larsen & Toubro (L&T) Wednesday said its buildings and factories business has won Rs 30.36-billion order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport, Bengaluru. "The scope of work includes design, engineering, procurement, construction, testing and commissioning of terminal-2 |
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Larsen & Toubro bags orders worth Rs 7,489 crore
Posted on 1st October 2018 |
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Larsen & Toubro (L&T) Monday said its Heavy Civil Infrastructure Business has won orders worth Rs 7,489 crore in the domestic market. “A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project,” L&T said in a BSE filing. |
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L&T construction arm secures orders Rs 14 bn from Rajasthan, Andhra Pradesh
Posted on 28th September 2018 |
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Larsen & Toubro Friday announced that its construction arm has secured orders worth Rs 14.77 billion. The company has bagged orders worth Rs 11.57 billion from the Public Health Engineering Department, Rajasthan for the execution of drinking water supply projects in Pali, Dungarpur and Banswara districts of the state, it said in a statement. |
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L&T's power business bags orders worth Rs 1,400 crore
Posted on 27th September 2018 |
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NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Thursday said its power business has bagged orders worth Rs 1,400 crore in the domestic market. The two orders are for setting up flue gas desulphurisation (FGD) systems from NTPC at its Vindhyachal super thermal power plant in Madhya Pradesh and Darlipali super thermal power project in Odisha. |
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L&T Technology Services strikes $40 million deal in Europe
Posted on 24th September 2018 |
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Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology companys industrial products segment. The deal is expected to run for a period of five years with an aggregate revenue potential of $40 million |
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RMZ offers Rs 8.15 billion to acquire L&T's 14-acre land in Bengaluru
Posted on 10th September 2018 |
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Bengaluru-based property developer RMZ is in the final round of negotiations to acquire 14-acre land of engineering and construction major Larsen & Toubro (L&T) in Bengaluru. If the deal goes through, it will become the largest land deal in south India this year. RMZ has quoted around Rs 8.15 billion (Rs 0.58 billion per acre) for the land parcel in Hebbal area of Bengaluru, said sources in the know. |
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