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. L&T said water and effluent treatment business has received a design and build order from the Andhra Pradesh Capital Region Development Authority (AP CRDA). “This order will be jointly executed by water effluent treatment business and transportation infrastructure business of L&T Construction,” it added. The business has also secured a turnkey order from the Jharkhand Urban Infrastructure Development Company Limited (JUIDCO) for execution of drinking water supply projects in the Hazaribagh and Ranchi districts of Jharkhand, the company said. L&T GeoStructure business has secured an order from BHEL for the execution of pile caps, pedestals, piers, deep foundation-supported bridges and gallery, for a coal handling and ash handling plant of the 2×660 MW STTP at Ennore, Chennai. Shares of the company were trading at Rs 1,405.50 apiece, down 0.79 per cent, from the previous close on BSE. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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