This article has been modified. Please see the clarification at the end. In the middle of this month, Anil Manibhai Naik, chairman of Larsen & Toubro (L&T), will complete 50 years at the company, a feat only a few in India Inc can boast of.
Shares of infrastructure companies, including cement, have rallied by up to 10% on bourses since increased spending in the sector was announced in the Union Budget for 2015-16. In contrast, the benchmark indices, the BSE Sensex and the National
Shares of Larsen and Toubro (L&T) were trading higher by 2% at Rs 1,792, extending its previous day’s 5% rally on the NSE, after the company said the Defence Ministry shortlisted a consortium of Tata Power-Strategic Electronics Division (SED) and
The Larsen and Toubro consortium has been shortlisted for the multi-year Rs 50,000-crore battlefield management system (BMS) programme, which could translate into orders of about Rs 10,000 crore by FY17. The BMS project, which will enable real time
Shares of L&T, BEL, Rolta India and Tata Power are trading high upto 7% on the BSE on Business Standard reports stating that the Ministry of Defence (MoD) has selected two consortia from the dozen companies invited to bid in November 2013. One is a
The National Democratic Alliance (NDA) government is poised to award its first 'make' contract, in which the Ministry of Defence (MoD) will fund two Indian consortia in developing a Rs 40,000-50-000 crore 'battlefield management system' (BMS).
Journalist and political commentator Swapan Dasgupta has been appointed on the board of director of Larsen & Toubro. Dasgupta joins the board as a nominee of the Specified Undertaking of the Unit Trust of India (Suuti), replacing A K Jain.
The domestic slowdown is beginning to hurt Larsen & Toubro's revenue growth and profitability. After surviving the slowdown for four years, profit margin in its core infrastructure business is coming under pressure, as a recovery remains elusive.
India’s biggest engineering and construction company Larsen and Toubro Ltd (L&T) reported a 14% decline in standalone net profit at Rs 1,060 crores for the quarter ended Decmber 2014 after a fall in revenue at its power and metallurgical businesse.
Larsen and Toubro (L&T) has dipped 7% to Rs 1,565 on BSE after reporting a 15% year on year (yoy) decline in standalone net profit at Rs 1,060 crore for the third quarter ended December 31, 2014 (Q3), due to poor performance of the heavy engineering
Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,570 on NSE after the company said it has won orders worth of Rs 4,006 crore in the month of December 2014.“The construction arm of L&T has won orders worth Rs 4,006 crore across various
Capital Goods shares are trading higher between 0.1-3.5% on the Bombay Stock Exchange (BSE) after Indian manufacturing activity expanded at its fastest pace in two years in December as new orders flooded in and factories kept price increases to a minimum,