Engineering and construction major Larsen & Toubro Ltd has bagged a major order worth $30 million for upgrading facilities at the Bu Hasa project of the gas gathering and processing company GASCO at Abu Dhabi.
Larsen & Toubro on Tuesday announced that the company has won a key contract for construction of four ships valued at over Rs 440 crore (Rs 4.4 billion) from Zadeko Ship Management CV of the Netherlands.
The IAC would serve to bolster India's position in the Indian Ocean Region (IOR) and its quest for a blue water Navy
The Larsen & Toubro-Grasim deal is expected to aid the recovery in cement prices and limit the share of the multinational companies, according to CRIS INFAC, a research subsidiary of the rating agency CRISIL Ltd.
International Finance Corporation, the private sector arm of the World Bank Group, will provide a loan of $50 million to Larsen & Toubro, one of India's largest engineering and construction companies.\n\n\n\n
Larsen & Toubro, a cement and engineering conglomerate, said on Monday it had received a $103 million order from a unit of French building materials giant Lafarge to construct a cement plant in northern Bangladesh.
Workaholic CEOs find their job appealing, but their subordinates find that appalling.
Grasim Industries Ltd has submitted an alternate proposal to Larsen & Toubro before the engineering major decides to demerge its cement business at its board meeting
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
State-run Life Insurance Corporation of India has raised its holding in cement and construction major Larsen & Toubro by about one percentage point to 18.4 per cent.\n\n
Engineering giant Larsen & Toubro (L&T) handed out a pay cheque of Rs 61.27 crore to its chief executive officer (CEO) and managing director (MD) SN Subrahmanyan in the last financial year (FY22), which is a near 115 per cent hike over FY21, as executive compensation at India Inc comes under sharp focus after two years of Covid-19. In fact, the total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows. This points to sharp hikes that the top management saw in their remuneration during the period, experts in human resources said. In FY21, L&T's executive compensation was 56 to 337 times the median remuneration of company employees.
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Larsen & Toubro has won about Rs 70.3 crore [Rs 703 million) ($15.6 million)] contract from Radissons Group for the construction of a 15-storey hotel and service apartments in Bahrain.
Larsen & Toubro has bagged a $19 million order from Oman Cement Company for a cement grinding plant at Rusayl, Oman.
Mumbai-based L&T Infotech, a part of the Larsen &Toubro group, is evaluating acquisitions of $50-200 million (close to Rs 200-820 crore) in the US, Europe and India in a bid to boost revenues.
Larsen & Toubro Ltd on Monday posted a massive jump in its second quarter net profit at Rs 371.98 crore (Rs 3.71 billion) as against Rs 81.26 crore (Rs 810 million) in July-September 2003.
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