| Larsen & Toubro Limited Related news |
L&T plans to become asset light, reduce debt by Rs 30,000 crore
Posted on 5th March 2020 |
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Construction and engineering major Larsen & Toubro (L&T) is set to reduce its debt by Rs 30,000 crore in the next financial year by selling its entire stake in L&T Infrastructure Development Projects (IDPL) and Nabha Power, and transferring its stake in Hyderabad Metro to an infrastructure investment trust (InvIT).
S N Subrahmanyan, chief executive officer (CEO) and managing director (MD) of L&T, said the plan for the next financial year was to become asset light and reduce debt wherever possible. |
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Larsen & Toubro trades lower for fourth straight day, hits new 52-week low
Posted on 25th February 2020 |
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Shares of Larsen & Toubro (L&T) were trading lower for the fourth straight day, slipping 1.3 per cent on Tuesday to hit 52-week low of Rs 1,244 on the BSE. The construction & engineering company's stock was trading at its lowest level since February 18, 2019.
In the last nine months, L&T has underperformed the market by falling 22 per cent, as compared to 2 per cent rise in the benchmark S&P BSE Sensex during the period. |
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L&T Tech bags engineering, procurement project worth millions in Europe
Posted on 23rd December 2019 |
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L&T Technology Services on Monday said it has bagged a multi-million-dollar engineering, procurement and construction management project in Europe.
"L&T Technology Services Ltd (LTTS)...won a multi-million dollar project from one of the world's top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of engineering, procurement and construction management (EPCM) services for the expansion of an existing site in Europe," the company said in a filing to BSE. |
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MSTC stock zooms 20% after L&T appoints the firm as its selling agent
Posted on 7th November 2019 |
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Shares of MSTC zoomed 20 per cent to Rs 148 on the BSE on Thursday after the construction & engineering giant Larsen & Toubro (L&T) appointed the company as its selling agent.
The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the past nine trading days, it soared 56 per cent, as compared to a four per cent rise in the S&P BSE Sensex. The stock has more than doubled from its recent low price of Rs 70, touched on August 14 in the intra-day deal.
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L&T, Afcons in fray to develop Rs 5,877 cr Gorakhpur Link Expressway
Posted on 4th October 2019 |
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Leading infra companies Larsen & Toubro (L&T) and Afcons Infrastructure are among 13 firms vying for the development of the Rs 5,877-crore Gorakhpur Link Expressway project. The Expressway will directly link Gorakhpur, the home turf of chief minister Yogi Adityanath, with the under-construction Purvanchal Expressway. |
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L&T builds coast guard ship 'Varaha', its 51st offshore patrol vessel
Posted on 28th September 2019 |
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The Coast Guard ship 'Varaha' launched by Defence Minister Rajnath Singh in Chennai recently was the 51st such vessel built by Larsen and Toubro. Larsen and Toubro Shipyard Ltd had been mandated by the Ministry of Defence for design and construction of seven offshore patrol vessels (OPVs) in 2014. |
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L&T Construction bags contract from CIDCO to construct residential project in Navi Mumbai
Posted on 9th September 2019 |
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Infrastructure company Larsen & Toubro (L&T) on Monday said its construction arm has bagged contract from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) to construct 23,432 dwelling units at various locations in Navi Mumbai. The company did not provide the value of the contract, but said the order falls under the ‘major’ category, which ranges between Rs 5,000 crore and Rs 7,000 crore according to the classification of contracts. |
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L&T Construction bags order for Navi Mumbai International Airport
Posted on 3rd September 2019 |
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Infrastructure major L&T on Tuesday said its construction arm has bagged the contract for construction of the Navi Mumbai International Airport. The company did not provide value of the contracts but said the orders fall under “major” category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts. |
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L&T secures big boiler order for 1300-MW plant in Uttar Pradesh
Posted on 31st August 2019 |
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Larsen & Toubro (L&T), India’s largest engineering, procurement and construction (EPC) player, along with its joint venture partner Mitsubishi-Hitachi Power Systems has secured a large steam generator and associated packages contract for 2×660 (1320) MW thermal power project of UP government in Bulandshahar district. The order comes at a time when thermal power sector is undergoing severe stress and overall boiler, turbine, generator (BTG) orders have depleted consistently over the last four years. |
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L&T bags ‘significant’ order from NTPC to set up FGD system at Madhya Pradesh plant
Posted on 26th August 2019 |
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Infrastructure major Larsen & Toubro (L&T) on Monday said its power business has bagged a “significant” order from NTPC to set up flue gas desulphurisation system at Vindhyachal Super Thermal Power Station in Madhya Pradesh. L&T has received engineering, procurement and construction (EPC) order to set up flue-gas desulphurisation (FGD) system at Vindhyachal Super Thermal Power Station at stage-I & II (6×210 mega watt (MW) & 2×500 MW, the company said in a BSE filing. |
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