L&T Construction bags orders worth Rs 5,492 cr Posted on 6th April 2015 |
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| Larsen & Toubro (L&T) today said its construction arm has bagged orders worth Rs 5,492 crore across various segments in March. In the building and factories segment, the projects L&T Construction has won include a major order for construction of a mix use development complex in Mumbai, it said. "The scope involves civil, structural, architectural, finishes, mechanical, electrical and plumbing works," it said. In the power transmission and distribution business it has bagged orders in both the domestic and international markets, including add-ons, it said. "New orders and variations have been won from various reputed customers in the Middle East which includes engineering, procurement, and construction of 200 kv and 132 kv substations and power upgradation works at certain facilities," the company said. In the water and renewable energy segment, the company has won an order from the Rural Water Supply and Sanitation Department for the construction of intake wells, water treatment plants and a raw water pumping main in the Medak district of Telangana along with associated electrical, mechanical and instrumentation works. "Additional orders...Have been received from various ongoing jobs of other businesses of L&T Construction," it said. |
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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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