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L&T bags 'major' projects in Middle East, Africa to expand electricity grids

L&T bags 'major' projects in Middle East, Africa to expand electricity grids

Wed, Oct 30, 2024

One of the orders bagged by the company is in consortium with a leading original equipment manufacturer to build the new National System Control Centre for Kenya.

Larsen & Toubro secures significant order for design, construction of Agra Metro

Larsen & Toubro secures significant order for design, construction of Agra Metro

Wed, Oct 16, 2024

The company Larsen & Toubro has "secured an order from Uttar Pradesh Metro Rail Corporation Ltd (UPMRCL) for the design and construction of Agra Metro Phase 1, Line-2," the filing said.

From Mankind Pharma to Kalyan Jewellers: Stocks to buy for good returns in 1 year - Check targets

From Mankind Pharma to Kalyan Jewellers: Stocks to buy for good returns in 1 year - Check targets

Thu, Aug 22, 2024

Stocks to buy for good returns in 1 year: The stock market has been trading in a range for the past few sessions. There are strong signals from foreign markets and the US markets have strengthened of late.

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L&T's Q4 consolidated net profit up 13.5%

Fri, May 10, 2019

Industrial conglomerate Larsen & Toubro (L&T) on Friday reported a 13.51 per cent rise in its consolidated net profit for the January-March period of financial year 2018-19.

We are open for new Asset that is in line with our Business and Strategy: Dinanath Dubhashi, L&T Finance

We are open for new Asset that is in line with our Business and Strategy: Dinanath Dubhashi, L&T Finance

Thu, May 02, 2019

We have achieved top quartile ROE in this quarter, said Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings Ltd. During a chat with Swati Khandelwal, Dubhashi said that we will use digital technology to reach places.

UAE's largest sewage treatment plant built by L&T inaugurated

Thu, Apr 25, 2019

Larsen and Toubro (L&T) Thursday said the UAE's biggest sewage treatment plant, Jebel Ali STP, built by the company has been inaugurated.

Mindtree promoter resists, L&T stays firm for takeover: Here’s where stocks are headed

Mindtree promoter resists, L&T stays firm for takeover: Here’s where stocks are headed

Tue, Mar 26, 2019

Together they translate an acquisition of 66.3% stake by L&T in Mindtree. Overall, the cost of acquisition for L&T is seen to be at Rs 10,733 crore.

'Offered huge bags of money': Mindtree founder reveals in emotion-filled letter to employees

'Offered huge bags of money': Mindtree founder reveals in emotion-filled letter to employees

Fri, Mar 22, 2019

Refusing to accept L&T takeover of Mindtree as hostile, L&T Managing Director and Chief Executive Officer S.N. Subrahmanyan earlier said it was an "act of love and with all the heart".

As Larsen & Toubro targets Mindtree, should you buy into the tech firm? Find out

As Larsen & Toubro targets Mindtree, should you buy into the tech firm? Find out

Fri, Mar 22, 2019

Three routes are being followed by Larsen & Toubro to take over Mindtree - first by acquiring CCD-founder VG Siddhartha's entire holding and pursue the other two with a stake purchase plan.

Mindtree takeover not hostile, but an act of love: Larsen & Toubro

Mindtree takeover not hostile, but an act of love: Larsen & Toubro

Tue, Mar 19, 2019

L&T bought 20.4 per cent stake in Mindtree from Cafe Coffee Day founder V.G. Siddartha for about Rs 3,300 crore and expressed its intent to buy additional stake in the Bengaluru-based midcap company through an open offer.

Mindtree and a sweet spot for Larsen & Toubro - CCD-founder VG Siddhartha under spotlight

Mindtree and a sweet spot for Larsen & Toubro - CCD-founder VG Siddhartha under spotlight

Tue, Mar 19, 2019

Acquiring CCD-founder’s VG Siddhartha entire stake and further open offer, can mean Mindtree merger with L&T Infotech - a sweet spot for parent Larsen & Toubro.

L&T buys V G Siddhartha's 20.4 pct stake in Mindtree

L&T buys V G Siddhartha's 20.4 pct stake in Mindtree

Tue, Mar 19, 2019

Diversified conglomerate Larsen & Toubro (L&T) on Monday took its first step to acquire Mindtree by buying V.G. Siddhartha`s 20.4 per cent stake in the the mid-tier IT services company for approximately Rs 3,300 crore.

Larsen & Toubro makes Rs 10,800 cr takeover bid of Mindtree

Larsen & Toubro makes Rs 10,800 cr takeover bid of Mindtree

Mon, Mar 18, 2019

L&T's announcement came even as some Mindtree board members wrote to L&T saying that most of the employees and institutionalised investors are not ready to be the part of the entity that would be controlled by the infrastructure major because of cultural differences.

L&T Construction bags large contracts from multiple clients in domestic market

L&T Construction bags large contracts from multiple clients in domestic market

Thu, Mar 07, 2019

The project consists of hotel building, office complex, international conference and business centre as well as multi-level car parking spaces. The project has to be completed in 22.5 months.

L&T says audit panel to seek external expert's help on alleged Cognizant bribery case

L&T says audit panel to seek external expert's help on alleged Cognizant bribery case

Fri, Mar 01, 2019

Last month, Cognizant Technology Solutions Corp (CTS) had said it would pay USD 25 million to the US Security and Exchange Commission (SEC) to settle its India bribery charges.

L&T Q3 net soars 37% on strong execution of project businesses

L&T Q3 net soars 37% on strong execution of project businesses

Fri, Jan 25, 2019

International revenue during the quarter stood at Rs 11,476 crore constituted 32 per cent of the total revenue, lower than 35 per cent in the previous year. During the quarter, L&T secured fresh orders worth Rs 42,233 crore as against Rs 48,130 crore in the corresponding period a year-ago.

Q3 Results: L&T’s Profit Rises For Twelfth Straight Quarter

Q3 Results: L&T’s Profit Rises For Twelfth Straight Quarter

Fri, Jan 25, 2019

Engineering conglomerate Larsen & Toubro on Friday posted better-than-expected financial results for quarter ended December 31.

Sebi rejects L&T's proposal for 9,000 cr share buyback

Sebi rejects L&T's proposal for 9,000 cr share buyback

Sat, Jan 19, 2019

"Since the ratio of the aggregate of secured and unsecured debts owed by the company after buy-back (assuming full acceptance) would be more than twice the paid-up capital and free reserves of the company based on consolidated financial statements", the buyback offer is not in compliance with the Companies Act and Sebi norms, the regulator said in a letter to the company.

Wipro, L&T Infotech, Accenture, Capgemini, Hewlett Packard, EIT, Tharavu Technologies shortlisted to beef up Sebi's surveillance activities

Wipro, L&T Infotech, Accenture, Capgemini, Hewlett Packard, EIT, Tharavu Technologies shortlisted to beef up Sebi's surveillance activities

Sun, Nov 11, 2018

The Sebi has shortlisted seven firms, including Wipro and L&T Infotech, to build a private data storage cloud, automate its inspection of brokers and enhance analytics capabilities, as the regulator is eyeing a technological leap in surveillance and investigation functions.

Sardar Patel Statue of Unity a tribute to Indian engineering skills, says L&T

Sardar Patel Statue of Unity a tribute to Indian engineering skills, says L&T

Sun, Oct 28, 2018

The Statue of Unity, built as a tribute to Sardar Patel known as Iron Man of India, would be the tallest in the world and the quickest to be completed in just 33 months unlike China's Spring Temple Buddha which took 11 years to complete, infrastructure giant Larsen & Toubro claimed.

Top 5 stocks in focus on August 20: Infosys, ONGC to L&T, here are the 5 newsmakers of the day

Top 5 stocks in focus on August 20: Infosys, ONGC to L&T, here are the 5 newsmakers of the day

Mon, Aug 20, 2018

Infosys: India's second largest IT services firm, Infosys, has accepted the resignation of its CFO MD Ranganath. He has resigned after an 18-year stint at the firm.

Reliance Industries, Infosys among key stocks trending on Dalal Street today

Reliance Industries, Infosys among key stocks trending on Dalal Street today

Thu, Jul 26, 2018

On Wednesday, the Dow Jones Industrial Average rose 0.68 per cent to 25,414.1, the S&P 500 gained 0.91 per cent to 2,846.07 and the Nasdaq Composite added 1.17 per cent to 7,932.24. But S&P 500 E-mini futures turned lower Thursday morning in Asia, falling 0.2 per cent to 2836.25.

Gathering investment momentum post RERA, GST, Demonetisation, says L&T

Gathering investment momentum post RERA, GST, Demonetisation, says L&T

Wed, Jul 25, 2018

L&T posted consolidated Profit After Tax (PAT) for the quarter ended June 30, 2018 at 1,215 crore was higher by 36% vis-a-vis PAT of 893 crore for the corresponding quarter of the previous year.

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