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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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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