Larsen & Toubro (L&T) on Wednesday said it has secured a large contract to construct the country's longest road bridge across river Brahmaputra connecting Dhubri in Assam to Phulbari in Meghalaya. The contract was bagged by the company's subsidiary L&T Construction. As per the company, a large contract is worth Rs 2,500-5,000 crore.
A symbol of self-reliance, India's space endeavours are a model for public-private partnership.
Markets ended flat amid a volatile trading session on Monday led by engineering major Larsen & Toubro.
Sep sees 94% jump in infra tendering; capital goods showing signs of stability.
Grasim Industries Ltd said it that since Larsen & Toubro Limited is contemplating consideration of the existing proposal before it to demerge its cement business, Grasim should also submit an alternate proposal.
The sale will help the government to meet disinvestment target.
Some of them have ambitious plans to fight the slowdown, while some would seek to revive their image.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
In financial year 2010-11, the likes of Larsen & Toubro, India Infrastructure Finance Company Limited, Power Finance Corporation and IDFC issued these in tranches.
It is now official. Nitish Kumar, chief minister of the power-starved state of Bihar, has decided to go green. The chief minister will use solar energy to power his official residence in Patna, an official on Wednesday said.
As Indian Army chief General Manoj Mukund Naravane inducted the last of the 100 K-9 Vajra guns ordered, three of these howitzers have been deployed for trials in high altitude mountainous area of Ladakh.
Invokes maintenance warranty for having to relay surface within 4 years; work to begin this weekend
In an interview with PricewaterhouseCoopers, A M Naik, chairman of Larsen & Toubro Limited, talks about the company's strategies, opportunities and the challenges facing it.
Some are innovators, some have inherited their family business and some are at the helm of big corporate houses. They are all successful in their own stride. Can you identify these business leaders? Take this quiz to find out
The residential real estate prices in Powai and adjoining areas are around Rs 25,000 per sq ft.
The combined net sales of 42 listed construction and capital goods companies that have declared their third-quarter results so far were down 2.3 per cent year-on-year in Q3FY21 while core operating profit was up just 4.9 per cent YoY during the quarter.
L&T has denied the charge and said the delay was entirely due to a dispute between Cidco and the railways.
The companies include Larsen & Toubro, Hindustan Unilever, Infosys, TCS and Sun Pharma
L&T operates in 152 businesses, including nuclear reactors, power generation equipment, airports, oil & gas pipelines, roads, computer software and financial services.
The Bill will be tabled in the winter session of Parliament later this year.
Sliding for the fourth straight day, the BSE Sensex shed 152 points in choppy trade on Wednesday amid mixed global cues ahead of the US Federal Reserve's policy decision.
There are some companies in the sector that have seen a decline in revenues but their performance is not sufficient to cause such a decline in industrial production data.
Uppal, Kotwal, Venkataramanan shortlisted for managing director's post; outsider not ruled out.
Data shows of the 385 companies, which had announced their latest shareholding, fund houses cut their stake in about 200.
Realty, Capital goods, Bankex among key draggers; HDFC and Sun Pharma bucks trend.
'Once finished, the project will reduce the travel time between Mumbai and Ahmedabad to just over two hours.'
Mirroring the increase in the earnings of their companies, the chief executives and promoters of India's top listed firms gained handsomely from the boom last financial year. Their remuneration includes salaries, perquisites or perks, and profit-linked commissions.
The government's ambitious highway projects under the public-private partnership mode are in serious trouble. Construction companies have either not put in bids or have withdrawn from 20 such projects, which fall under the build, operate and transfer scheme.
The Sensex ended lower by 63 points at 17,059 and the 50-share Nifty shed 16 points to close at 5,179 levels.
Larsen & Toubro, India's largest engineering, construction and technology company, is aggressively expanding its footprint across various places abroad
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
The Rs 2,460-crore project, an initiative of the Mumbai Metropolitan Regional Development Authority, is a modern urban transport where cars move on a single beam in an elevated corridor.
The company, which has been selling mining trucks in collaboration with Larsen & Toubro since 2007-08, has formed an Indian arm, Scania Commercial Vehicles India Pvt Ltd.
Infrastructure firm Larsen and Toubro on Thursday said it would form a joint venture company with the South Africa-based Befula Investments to explore opportunities in the power sector in the African nation.
L&T plans to transfer the equity of L&T in their joint ventures with Mitsubishi Heavy Industries into L&T Power through a book transfer, if clauses for the re-tender remain the same, company executives told Business Standard.
Three manufacturing sectors (engineering and construction, industrial commodities and materials and commodities) created more value for its shareholders in last five years than IT or pharmaceutical companies. Engineering and construction companies, led by Larsen & Toubro and BHEL, posted a total shareholder return of 81 per cent in the last five years trailing March 31, 2007, the BCG-CII study showed.
Under the RFQ, companies had to initially participate in technical bids based on certain minimum criteria such as net worth, experience and so on. Only five or six companies that scored the highest on this basis were then permitted to put in financial bids.
The BoA also allowed three developers, including Unitech Infopark, to surrender their SEZs, he said, adding they would have to pay back the tax concessions availed while executing the projects and other pending dues.
A consortium of India's largest engineering company Larsen & Toubro (L&T) and non-resident Keralite (NRK) businessman P Mohamed Al-led Galfar Engineering & Contracting has bagged the design and development order for the New Salalah International Airport in the Sultanate of Oman for $764 million (Rs 3,452 crore).
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