Larsen & Toubro’s (L&T’s) target of doubling its revenue in the next five years would depend on how the economy grew over the period, analysts said.

“There is not much L&T can do internally, it will depend on how the macro factors work out,” said Santosh Yellapu, analyst with Angel Broking.

Larsen & Toubro (L&T) said on Friday that it has received shareholders’ nod to raise up to R9,600 crore through a mix of equity and equity-linked instruments.

In a notice to the Bombay Stock Exchange (BSE), the company said it had received shareholders’ approval at its annual general meeting (AGM) held on August 26 to issue convertible bonds and/or equity shares through depository receipts of an amount not exceeding R3,600 crore or $600 million, whichever is higher.

Larsen & Toubro on Thursday said it has entered into a pact, valued at $99.7 million (around Rs 660 crore), with Vietnam Border Guard for design and construction of high speed patrol vessels.

"Larsen & Toubro (L&T) has signed the principle contract with Vietnam Border Guard... For design and construction of high speed patrol vessels in India as well as transfer of design and technology along with supply of equipment and material kits for construction of follow-on-vessels at a Vietnam shipyard," the company said in a BSE filing.

Infrastructure major Larsen and Toubro (L&T) has bagged orders worth Rs 1,726 crore across various business segments.

"The construction arm of L&T has won orders worth Rs 1,726 crore across various business segments," L&T said in a BSE filing today.

Infrastructure major Larsen & Toubro (L&T) on Friday said its construction arm has bagged orders worth Rs 1,458 crore across business verticals.

"The construction arm of L&T has won orders worth Rs 1,458 crore across its various business segments," the company said in a BSE filing.

The engineering and construction major L&T plans to achieve a revenue of Rs 2 lakh crores ($30 billion at current exchange rates) and order inflow in excess of Rs 2.5 lakh crores per annum by 2021. This is to be done without compromising on its margins. While releasing the five-year strategic plan at the 71st annual general meeting here today, the company CMD AM Naik said the theme is "Technology Leadership" and it is at the heart of the new L&T.

Larsen & Toubro (L&T) Infotech was down 1% at Rs 638, trading at its lowest level since listing in July this year.

The stock is currently quoting 10% below its initial public offer (IPO) price of Rs 710. The company issued shares at Rs 710, a discount of Rs 10 per equity share, to retail investors.

Mumbai: Piramal Realty, the real estate division of Piramal Group, on Friday said it has awarded contract worth Rs.700 crore to engineering firm Larsen and Toubro (L&T) Construction to build Piramal Aranya, a luxury residential project at Byculla in south Mumbai.

Spread across seven acres of land parcel, the project would be built with a total investment of Rs.4,450 crore and cover around four million sq. ft. of construction area.

American conglomerate GE today said it has signed a pact with engineering firm Larsen & Toubro to manufacture subsea equipment for future deep water projects in Krishna-Godavari basin on the eastern coast of India.

“Contributing to India’s exploration and production (E&P) activities in the oil and gas sector, GE has signed an exclusive MoU with L&T Hydrocarbon Engineering, a wholly-owned subsidiary of L&T,” the company said in a statement.

Heavy engineering major Larsen and Toubro (L&T) along with its partner Sojitz Corp, Japan, is understood to be well on track to win around Rs 4,000-crore contract on the western dedicated freight corridor, sources with knowledge of the development said.

The contract to be awarded by Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) is for a nearly 128-km stretch between Rewari in Haryana to Dadri in Uttar Pradesh.

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