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.

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.

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.

Larsen & Toubro (L&T) Wednesday said its buildings and factories business has won Rs 30.36-billion order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport, Bengaluru.

"The scope of work includes design, engineering, procurement, construction, testing and commissioning of terminal-2

Larsen & Toubro (L&T) Monday said its Heavy Civil Infrastructure Business has won orders worth Rs 7,489 crore in the domestic market. “A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project,” L&T said in a BSE filing.

Larsen & Toubro Friday announced that its construction arm has secured orders worth Rs 14.77 billion.

The company has bagged orders worth Rs 11.57 billion from the Public Health Engineering Department, Rajasthan for the execution of drinking water supply projects in Pali, Dungarpur and Banswara districts of the state, it said in a statement.

NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Thursday said its power business has bagged orders worth Rs 1,400 crore in the domestic market.

The two orders are for setting up flue gas desulphurisation (FGD) systems from NTPC at its Vindhyachal super thermal power plant in Madhya Pradesh and Darlipali super thermal power project in Odisha.

Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology companys industrial products segment. The deal is expected to run for a period of five years with an aggregate revenue potential of $40 million

Bengaluru-based property developer RMZ is in the final round of negotiations to acquire 14-acre land of engineering and construction major Larsen & Toubro (L&T) in Bengaluru. If the deal goes through, it will become the largest land deal in south India this year.

RMZ has quoted around Rs 8.15 billion (Rs 0.58 billion per acre) for the land parcel in Hebbal area of Bengaluru, said sources in the know.

Over the past decade, L&T has experienced significant growth in its core E&C business’ working capital. Our analysis suggests that in the core E&C business, working capital has increased by Rs 148 billion for L&T over FY10- FY18 (a rise of ~5x). As a percentage of E&C sales, this number has risen from ~7.3% in FY10 to ~19.1% in FY18 (peaking in FY16 at ~23%). During the same time frame, the comparable E&C revenue base has gone up ~3x.

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