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MSTC stock zooms 20% after L&T appoints the firm as its selling agent
Posted on 7th November 2019

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.

L&T, Afcons in fray to develop Rs 5,877 cr Gorakhpur Link Expressway
Posted on 4th October 2019
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.

L&T builds coast guard ship 'Varaha', its 51st offshore patrol vessel
Posted on 28th September 2019
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.

L&T Construction bags contract from CIDCO to construct residential project in Navi Mumbai
Posted on 9th September 2019
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.

L&T Construction bags order for Navi Mumbai International Airport
Posted on 3rd September 2019
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.

L&T secures big boiler order for 1300-MW plant in Uttar Pradesh
Posted on 31st August 2019
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.

L&T bags ‘significant’ order from NTPC to set up FGD system at Madhya Pradesh plant
Posted on 26th August 2019
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.

Make in India is yet to create enough jobs, says L&T chairman
Posted on 19th August 2019
Mumbai: The government’s Make in India initiative has failed to create enough jobs as companies across sectors still prefer to import goods instead of manufacturing locally, said Larsen and Toubro Ltd chairman A.M. Naik.

“The Prime Minister’s Make In India programme, which is spoken about a lot, has to do a lot more.

L&T plans to raise up to Rs 1400 cr through NCDs on private placement basis
Posted on 9th August 2019
Infrastructure major Larsen and Toubro (L&T) on Wednesday said it plans to raise up to Rs 1,400 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

The company, however, did not elaborate on the reasons for raising funds.

Larsen and Toubro, HDFC, Paytm donate Rs 14.80 cr to Bihar CM's relief fund
Posted on 9th August 2019
Top officials of Larsen and Toubro Ltd, HDFC Bank and Paytm have donated about Rs 15 crore to the Chief Ministers Relief Fund in Bihar.

A cheque of Rs 10 crore was presented to Chief Minister Nitish Kumar by the CEO and MD of Larsen and Toubro Shailesh Roy in presence of assembly Speaker Vijay Kumar Chaudhary on Thursday, a release said.

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