Nifty defended the expected support at 7700. Reversion of momentum indicator form its oversold zone augurs well for the ongoing pullback. However absences of a firm reversal pattern on the immediate scale indicates the pullback to be temporary in nature.
Adani Kattupalli Port, a subsidiary of Adani Ports, has entered into an in-principle agreement for acquisition of Kattupalli Port in Tamil Nadu from L&T Shipbuilding (L&TSB), a subsidiary of Larsen and Toubro.
Larsen & Toubro (L&T)’s performance for the quarter ending September disappointed the Street on a number of fronts and led to a four per cent fall in its stock to Rs 1,411.15.Although consolidated revenues and net profit at Rs 23,393 crore and Rs
The Larsen & Toubro (L&T) stock seems to be clouded with negative sentiment. Its performance in the first quarter (Q1) of FY16 did not match analysts’ expectations and it could not keep pace with order inflow targets.
After the Dhamra Port acquisition, Adani Ports and Special Economic Zone (APSEZ) is again set to do business with the Larsen &Toubro group.A recent agreement will allow APSEZ to evaluate port operations of L&T Shipbuilding at Kattupalli, Tamil Nadu.
Indian engineering major, Larsen & Toubro (L&T), in partnership with Korea's Samsung Techwin (STW), has bagged a Rs 4,875-crore ($750 million) order for supplying the Indian Army with 100 self-propelled (SP), tracked howitzers.
Shares of Adani Ports and Special Economic Zone (SEZ) and Larsen & Toubro (L&T) were trading higher by up to 3% on the bourses in early morning trade after these companies announced that they have inked a pact to oversee operations of Kattupalli
Engineering giant Larsen & Toubro's (L&T) bid to secure Kutrumali and Sijimali bauxite deposits has got a major breakthrough with the Odisha government sending the DGPS (Differential Global Positioning System) survey report on the mines to the
ICRA has downgraded outstanding rating of L&T Halol Shamlaji Tollways Limited from ICRA BB ++ to ICRA D indicating junk category. L&T Halol Shamlaji Tollway is a 100% special purpose vehicle promoted by L&T Infrastructure Development Project.
Ratings agency CRISIL has assigned AAA/Stable rating to the L&T's Rs 1,000-crore non-convertible debenture (NCD) issue. It has also reaffirmed the oustanding ratings on the company's debt programme and bank facilities at AAA/FAAA/Stable.
Industrial group Larsen & Toubro is looking to sell some assets including roads and infrastructure projects and dilute its stake in non-core subsidiaries to revive performance, the group's executive chairman said on Wednesday.
Engineering giant Larsen & Toubro (L&T) has set its succession plan rolling by elevating S N Subrahmanyan as deputy managing director (MD) and president from October 1. This also means that L&T will not have an MD & CEO after K
The government’s stakes in Hindustan Zinc Ltd (HZL)-Bharat Aluminium Company Ltd (Balco), Axis Bank, Larsen & Toubro (L&T), and ITC have been part of its disinvestment plans for years, though hardly ever has any sale been carried out.