Sharekhan

Larsen and Toubro Ltd

Tue 29/04/2025,15:59:55 | NSE : LT

₹ 3322.30-5.00 (-0.15%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 3335.00

Previous Close

₹ 3327.30

Volume

1843861

Mkt Cap ( Rs. Cr)

₹467224.10

High

₹ 3376.40

Low

₹ 3315.00

52 Week High

₹ 3963.50

52 Week Low

₹ 2965.30

Book Value Per Share

₹ 634.53

Dividend Yield

1.02

Face Value

₹ 2.00

What’s Your Call?

Collective community sentiment on Larsen and Toubro Ltd

Your Vote -

Buy

74.14%

Hold

13.90%

Sell

11.96%

74.14%

43420 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

3322.30

74

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0

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0

0.00

0

Bid Total

74

Bid Price

Qty

0.00

0

0.00

0

0.00

0

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0

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0

Bid Total

0

Option Chain

Analyzes market sentiment, predicts Larsen and Toubro Ltd' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers stock stock attention, sentiment.

  • L&T - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    28 Apr 2025, 8:35PM Schedule of Analyst / Institutional Investors' Meet
  • L&T - Disclosure Pursuant To Chapter XIV Of The SEBI Operational Circular SEBI/HO/ DDHS/P/CIR/2021/613 Dated August 10, 2021

    28 Apr 2025, 4:51PM Disclosure attached
  • L&T - Board Meeting Intimation

    24 Apr 2025, 2:02PM Larsen & Toubro Limited has informed the Exchange about Board Meeting to be held on 08-May-2025 to consider and approve the Yearly Audited Financial r
  • L&T - Board Meeting Intimation for Considering Audited Financial Results For The Year Ended 31St March 2025

    24 Apr 2025, 1:02PM Larsen & Toubro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2025 ,inter alia, to consider and
  • L&T - General Updates

    17 Apr 2025, 10:42AM Larsen & Toubro Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) R
  • L&T has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    17 Apr 2025, 11:50AM As of March 2025, 100.00% owned by Public. <p align=justify> Institutional holds 62.51% (Insurance Companies 19.84%) and Non-Institutional holds 37.25
  • L&T - Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

    10 Apr 2025, 4:53PM Disclosure pursuant to Paragraph 9.1 (a) of the Chapter VIII of SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024
  • L&T - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    7 Apr 2025, 5:33PM Larsen & Toubro Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • L&T - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    7 Apr 2025, 5:30PM Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018
  • L&T - Incorporation-XBRL

    4 Apr 2025, 6:04PM LARSEN & TOUBRO LIMITED has informed the Exchange regarding Incorporation
  • L&T - General Updates

    4 Apr 2025, 5:36PM Larsen & Toubro Limited has informed the Exchange about Incorporation of a wholly owned step-down subsidiary
  • L&T - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    3 Apr 2025, 5:38PM LARSEN & TOUBRO LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Age
  • L&T - General Updates

    2 Apr 2025, 3:11PM Larsen & Toubro Limited has informed the Exchange about Change in Senior Management
  • L&T - Change In Senior Management

    2 Apr 2025, 3:06PM Change in Senior Management
  • L&T - Press Release

    1 Apr 2025, 10:11AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated April 01, 2025, titled ""L&T Wins (Large*) Orders for Power Transmis
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    1 Apr 2025, 10:09AM L&T Wins (Large*) Orders for Power Transmission & Distribution Business
  • L&T - Press Release

    26 Mar 2025, 10:44AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 26, 2025, titled ""L&T Wins Ultra Mega* Contract(L&T s largest
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    26 Mar 2025, 10:42AM L&T Wins Ultra Mega* Contract (L&T's largest order till date) for its Offshore Hydrocarbon Business
  • L&T - Press Release

    25 Mar 2025, 10:08AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 25, 2025, titled ""L&T-Cloudfiniti Forms Strategic Partnership
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    25 Mar 2025, 10:08AM L&T - Cloudfiniti Forms Strategic Partnerships with Leading AI Startups
  • L&T-Cloudfiniti forms strategic partnerships with leading AI startups

    25 Mar 2025, 10:15AM L&T-Cloudfiniti, a leading technology solutions provider, has announced strategic partnerships with three prominent AI startups, including one based i
  • L&T - Trading Window

    24 Mar 2025, 3:49PM Larsen & Toubro Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations,
  • L&T - Press Release

    24 Mar 2025, 1:00PM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 24, 2025, titled ""L&T Energy Green Tech and John Cockerill En
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    24 Mar 2025, 12:57PM L&T Energy Green Tech and John Cockerill Energy collaborate to explore specific green-power technologies
  • L&T - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    21 Mar 2025, 8:00PM LARSEN & TOUBRO LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Age
  • L&T - Outcome of Board Meeting

    21 Mar 2025, 6:52PM Larsen & Toubro Limited has informed the Exchange regarding Board meeting held on March 21, 2025.
  • L&T - Board Meeting Outcome for Outcome Of Board Meeting Held On March 21, 2025

    21 Mar 2025, 6:49PM Outcome of Board Meeting held on March 21, 2025
  • L&T - Press Release

    21 Mar 2025, 6:43PM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 21, 2025, titled ""L&T pushes the pedal to accelerate growthMr
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    21 Mar 2025, 6:40PM L&T pushes the pedal to accelerate growth\r\nMr. Subramanian Sarma elevated as Deputy Managing Director & President
  • L&T - Allotment of Securities

    21 Mar 2025, 10:56AM Larsen & Toubro Limited has informed the Exchange regarding allotment of 17150 securities pursuant to ESOP/ESPS at its meeting held on March 21, 2025
  • L&T - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    21 Mar 2025, 10:53AM Allotment of Shares
  • L&T - Press Release

    21 Mar 2025, 10:48AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 21, 2025, titled ""L&T Wins (Large *) Order for Building & Fac
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    21 Mar 2025, 10:44AM L&T Wins (Large*) Order for Building & Factories Business
  • L&T - Board Meeting Intimation

    18 Mar 2025, 8:56PM LARSEN & TOUBRO LIMITED has informed the Exchange about Board Meeting to be held on 21-Mar-2025 to consider Fund raising.
  • L&T - Board Meeting Intimation for Board Meeting For Considering Proposal Of Fund Raising

    18 Mar 2025, 8:43PM Larsen & Toubro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/03/2025 ,inter alia, to consider and
  • L&T - Analysts/Institutional Investor Meet/Con. Call Updates

    18 Mar 2025, 1:52PM Larsen & Toubro Limited has informed the Exchange about Schedule of meet
  • L&T - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    18 Mar 2025, 12:24PM Schedule of Analyst / Institutional Investors' Meet
  • L&T - Press Release

    13 Mar 2025, 10:40AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 13, 2025, titled ""L&T secures an Overseas Order (Large*) for
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    13 Mar 2025, 10:38AM L&T secures an Overseas Order (Large*) for Water & Effluent Treatment Business
  • L&T secures a significant overseas order for water & effluent treatment business

    13 Mar 2025, 10:37AM The Water & Effluent Treatment (WET) Business of L&T, in collaboration with Lantania of Spain, has signed a contract with ACWA Power, a leading develo
  • L&T - Shareholders meeting

    10 Mar 2025, 8:07PM Larsen & Toubro Limited has submitted the Exchange a copy Srutinizers report and voting results of Postal Ballot
  • L&T - Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    10 Mar 2025, 7:47PM Submission of voting results of the Postal Ballot under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements), Regulations.2015
  • L&T - Press Release

    5 Mar 2025, 10:24AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 05, 2025, titled ""L&T Wins Orders (Significant*) for Building
  • L&T bag orders to develop residential towers

    5 Mar 2025, 1:10PM Larsen & Toubro (L&T), a leading infrastructure company, announced on Wednesday that its buildings and factories vertical has secured 'significant' co
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    5 Mar 2025, 10:19AM L&T Wins Orders (Significant*) for Building & Factories Business
  • L&T - Updates

    3 Mar 2025, 12:24PM Larsen & Toubro Limited has informed the Exchange regarding 'Clarifications with regard to Postal Ballot Notice dated January 30, 2025'.
  • L&T - Press Release

    3 Mar 2025, 11:26AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated March 03, 2025, titled ""L&T Wins Orders (large*) for Power Transmis
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    3 Mar 2025, 11:26AM L&T Wins Orders (large*) for Power Transmission & Distribution Business
  • L&T bags new power transmission deals in India and abroad

    3 Mar 2025, 1:57PM Larsen & Toubro (L&T) announced on Monday that its power transmission and distribution division has secured new contracts both domestically and intern
  • L&T - Clarifications With Regard To Postal Ballot Notice Dated January 30, 2025

    3 Mar 2025, 12:20PM Clarifications with regard to Postal Ballot Notice dated January 30, 2025
  • L&T - General Updates

    1 Mar 2025, 9:46AM Larsen & Toubro Limited has informed the Exchange about Update on Amalgamation of L&T Energy Hydrocarbon Engineering Limited and L&T Offshore Private
  • L&T - Update On Amalgamation Of L&T Energy Hydrocarbon Engineering Limited And L&T Offshore Private Limited (Formerly Known A

    1 Mar 2025, 9:43AM Update on Amalgamation of L&T Energy Hydrocarbon Engineering Limited and L&T Offshore Private Limited (Formerly known as L&T Sapura Offshore Private L
  • L&T - Press Release

    20 Feb 2025, 12:28PM Larsen & Toubro Limited has informed the Exchange regarding a press release dated February 20, 2025, titled ""L&T Minerals & Metals Business Secures (
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    20 Feb 2025, 12:25PM L&T Minerals & Metals Business Secures (Large*) Orders in Steel and Alumina Sectors
  • L&T - General Updates

    18 Feb 2025, 4:35PM Larsen & Toubro Limited has informed the Exchange about Acquisition of stake in L&T Special Steels and Heavy Forgings Private Limited
  • L&T - Announcement under Regulation 30 (LODR)-Acquisition

    18 Feb 2025, 4:30PM Acquisition of stake in L&T Special Steels and Heavy Forgings Private Limited
  • L&T - Analysts/Institutional Investor Meet/Con. Call Updates

    15 Feb 2025, 5:35PM Larsen & Toubro Limited has informed the Exchange about Schedule of meet
  • L&T - Schedule Of Analyst / Institutional Investors' Meet - Update

    15 Feb 2025, 5:32PM Schedule of Analyst / Institutional Investors' Meet - Update
  • L&T - Copy of Newspaper Publication

    7 Feb 2025, 2:24PM Larsen & Toubro Limited has informed the Exchange about Copy of Newspaper Publication
  • L&T - Notice Of Shareholders Meetings-XBRL

    6 Feb 2025, 5:47PM LARSEN & TOUBRO LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
  • L&T - Shareholders meeting

    6 Feb 2025, 10:39AM Larsen & Toubro Limited has informed the Exchange regarding Notice of Postal Ballot
  • L&T - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    6 Feb 2025, 10:35AM Submission of Postal Ballot Notice
  • L&T - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Feb 2025, 3:20PM Larsen & Toubro Limited has informed the Exchange about Schedule of meet
  • L&T - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    5 Feb 2025, 3:18PM Schedule of Analyst / Institutional Investors' Meet
  • L&T - Analysts/Institutional Investor Meet/Con. Call Updates

    4 Feb 2025, 5:20PM Larsen & Toubro Limited has informed the Exchange about Transcript
  • L&T - Press Release

    4 Feb 2025, 10:26AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated February 04, 2025, titled ""L&T to build a Major(*) Expansion Projec
  • L&T - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    4 Feb 2025, 5:17PM Transcript of Q3 / 9M FY25 Earnings Call
  • L&T - Copy of Newspaper Publication

    31 Jan 2025, 1:44PM Larsen & Toubro Limited has informed the Exchange about Copy of Newspaper Publication
  • Larsen & Toubro shares jump nearly 5% post earnings announcement

    31 Jan 2025, 10:26AM Shares of infrastructure and engineering major Larsen & Toubro (L&T) on Friday climbed nearly 5 per cent after the firm reported a 14 per cent rise in
  • L&T - Updates

    31 Jan 2025, 9:44AM Larsen & Toubro Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requiremen
  • L&T - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Jan 2025, 10:18PM Larsen & Toubro Limited has informed the Exchange about Link of Recording
  • L&T - Updates

    30 Jan 2025, 6:32PM Larsen & Toubro Limited has informed the Exchange regarding 'Analyst Presentation.- Q3 / 9M FY25'.
  • L&T - Analyst Presentation - Q3 / 9M FY25

    30 Jan 2025, 6:32PM Analyst Presentation - Q3 / 9M FY25
  • L&T Q3 net profit up 13.26% at Rs 2419.38 cr

    30 Jan 2025, 6:00PM The company reported standalone net profit of Rs 2,419.38 crore for the quarter ended December 31, 2024 as compared to Rs 2136.18 crore in the same pe
  • L&T - Integrated Filing- Financial

    30 Jan 2025, 5:58PM Integrated Filing (Financial) for the quarter and nine months endedDecember 31, 2024
  • L&T - Financial Result Updates

    30 Jan 2025, 4:28PM Larsen & Toubro Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • L&T - Allotment of Securities

    30 Jan 2025, 1:10PM Larsen & Toubro Limited has informed the Exchange regarding allotment of 44,380 securities pursuant to ESOP/ESPS at its meeting held on January 30, 20
  • L&T - Press Release

    30 Jan 2025, 10:11AM Larsen & Toubro Limited has informed the Exchange regarding a press release dated January 30, 2025, titled ""L&T Minerals & Metals Vertical Wins (Sign
  • L&T - Integrated Filing (Financial)

    30 Jan 2025, 5:55PM Integrated Filing (Financial) for the quarter and nine months ended 31st December 2024
  • L&T - Outcome Of Board Meeting Held On January 30, 2025

    30 Jan 2025, 4:32PM Outcome of Board Meeting held on January 30, 2025
  • L&T - Board Meeting Outcome for Outcome Of Board Meeting Held On January 30, 2025

    30 Jan 2025, 4:26PM Outcome of Board Meeting held on January 30 , 2025
  • L&T - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    30 Jan 2025, 1:08PM Allotment of Shares
  • L&T secures order for freight handling facilities in Middle East

    30 Jan 2025, 11:17AM Infrastructure major Larsen & Toubro (L&T) on Thursday said one of its verticals has secured a 'significant' order to set up freight handling faciliti
  • L&T - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    30 Jan 2025, 10:09AM L&T Minerals & Metals Vertical Wins (Significant*) Order in the Middle East
  • L&T win orders for Power Transmission & Distribution Business

    1 Apr 2025 , 10:24AM L&T bags order in the range of Rs. 2,500-5,000 cr for power transmission & distribution business
  • L&T announces Qatar LNG order win

    26 Mar 2025 , 11:43AM L&T wins its largest order till date worth over Rs. 15,000 crore from QatarEnergy LNG
  • Larsen & Toubro

    26 Mar 2025 , 11:38AM QatarEnergy LNG awarded an Ultra Mega Offshore Contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to L&T Hydrocarbon Business, marking the largest single contract ever received by L&T. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes. Ultra mega project signifies a contract value of more than Rs 15,000 crore. Positive for L&T
  • L&T - Cloudfiniti forms strategic partnerships with leading AI startups

    25 Mar 2025 , 10:49AM L&T-Cloudfiniti announces new strategic partnerships with three leading AI startups
  • L&T arm signs MoU with John Cockerill Energy

    24 Mar 2025 , 1:47PM L&T arm signs MoU with John Cockerill Energy to explore specific green-power tech
  • L&T bags order in the range of Rs. 2,500-5,000 cr from Brigade Group.

    21 Mar 2025 , 11:08AM L&T wins large order for Building & Factories Business
  • L&T secures an overseas order for Water & Effluent Treatment Business

    13 Mar 2025 , 11:13AM L&T bags an overseas order of Rs. 2,500-5,000 cr for water & effluent treatment business
  • L&T wins order for Building & Factories Business

    5 Mar 2025 , 11:02AM L&T bags order in the range of Rs. 1,000-Rs. 2,500 cr
  • L&T minerals & metals business secures order in steel & alumina sectors

    20 Feb 2025 , 12:46PM L&T minerals bags order in the range of Rs. 2,500- 5,000 cr in steel & alumina sectors
  • L&T to build a major expansion project for a reputed steel producer in MENA Region

    4 Feb 2025 , 10:39AM Bags expansion project in the range of Rs. 5,000-10,000 cr in the Middle East & North Africa (MENA) region
  • Stock Update: Larsen & Toubro

    1 Feb 2025 , 12:29PM Stock Update: Larsen & Toubro Stock update, Order inflows steal the show.
  • L&T Minerals & Metals Vertical wins order in the Middle East

    30 Jan 2025 , 11:16AM L&T bags order in the range of Rs. 1,000-2,500 cr for freight handling facilities in gulf cooperation council
  • L&T to Build Uzbekistan's first AI-enabled Data Centre

    28 Jan 2025 , 10:31AM L&T bags order in range of Rs. 1,000-2,500 cr to build Uzbekistan's first AI-enabled data centre
  • L&T declare as preferred EPC contractor for north site

    27 Jan 2025 , 10:09AM Larsen & Toubro announced as a preferred EPC Contractor for North Site of World's First 24/7 Solar PV and Battery Storage Gigascale Project
  • Larsen & Toubro

    20 Jan 2025 , 9:39AM Company has been selected as preferred EPC contractor for $6 billion renewable facility capable of providing energy at scale around the clock in the emirate. The project will feature a 5.2GW (DC) solar photovoltaic plant, coupled with a 19 gigawatt-hour (GWh) BESS, making it the world’s largest solar and BESS project. The facility, slated to be operational by 2027, will cover 90 square kms and be located in the Abu Dhabi desert. Positive
  • Larsen & Toubro

    15 Jan 2025 , 8:57AM L&T Launches Multi-Purpose Vessel ‘Utkarsh’ For Indian Navy ahead of schedule. Utkarsh is equipped for towing ships, launching and recovering various targets, operating unmanned autonomous vehicles, and serving as a platform for trials of indigenous weapons and sensors. Additionally, this vessel will significantly enhance the Navy’s capabilities in maritime surveillance, patrolling, and disaster relief operations. Positive
  • L&T Heavy Engineering wins order in India and Abroad

    8 Jan 2025 , 12:11PM L&T Heavy Engineering bagged orders in the range of Rs. 1,000-2,500 cr
  • L&T wins new order in India and the Middle East.

    7 Jan 2025 , 11:10AM L&T bags order in the range of Rs. 2,500-5,000 cr for its Power Transmission & Distribution business
  • Stock Update: Larsen & Toubro Stock update

    24 Dec 2024 , 10:39AM Stock Update: Larsen & Toubro Stock update - Strong case for robust execution and margin recovery
  • Larsen & Toubro

    23 Dec 2024 , 11:58AM The Ministry of Defence (MoD) has awarded contract of worth Rs 7,628 crores to L&T for Vajra Artillery guns. The gun, equipped with cutting-edge technology, will be capable of delivering long-range lethal firing with high accuracy. Positive
  • L&T wins 'major' order for K9 Vajra-T Artillery platforms

    23 Dec 2024 , 11:37AM L&T wins 'major' order worth up to Rs. 10,000 crores for K9 Vajra-T Artillery platforms
  • L&T-Cloudfiniti onboards its first major customer

    12 Dec 2024 , 10:11AM L&T-Cloudfiniti onboards first major customer at centre located in Sriperumbudur near Chennai
  • Stock Update: Larsen & Toubro Q2FY2025 Results Review

    31 Oct 2024 , 11:12AM Stock Update: Larsen & Toubro Q2FY2025 Results Review: Strong execution leads to Q2 beat; Retain Buy
  • L&T wins new order for Power Transmission & Distribution Business

    30 Oct 2024 , 12:25PM L&T bags order in the range of Rs. 5,000-10,000 Cr for electricity grids
  • L&T wins contract for its Hydrocarbon Business

    17 Oct 2024 , 10:23AM L&T bags order worth Rs. 1,000-2,500 cr for hydrocarbon business
  • L&T wins order for Agra Metro Network

    16 Oct 2024 , 10:35AM L&T bags order worth Rs. 1,000-2,500 cr for Agra Metro Network
  • Larsen & Toubro

    10 Oct 2024 , 10:28AM Rashtriya Chemicals and Fertilizers (RCF) has approved a purchase order with Larsen & Toubro for the establishment of a 1200 MTPD (DAP basis) complex fertiliser plant at its Thal facility. The project will be executed on a lump-sum turn-key (LSTK) basis and is valued at ~ Rs. 1,000.27 crore, excluding GST. The construction timeline for the plant is set for 27 months. Positive for L&T.
  • Stock Update: Larsen & Toubro

    30 Sep 2024 , 11:21AM Stock Update: Larsen & Toubro: Q2 order intake healthy; to improve in H2
  • L&T makes new strides in Digital Energy Solutions business

    30 Sep 2024 , 10:50AM L&T secures mandate to implement Energy Management Systems in South India
  • L&T bags order to build advanced grid systems

    24 Sep 2024 , 11:54AM L&T bags order in the range of Rs. 10,000-15,000 cr to build advanced grid systems
  • L&T carves out a separate vertical for Renewable EPC out of its Power T&D Business

    2 Sep 2024 , 1:04PM L&T carves out Renewable Business Vertical amid energy transition led growth in its Infrastructure Segment
  • L&T wins order for its Transportation Infrastructure Business

    21 Aug 2024 , 11:35AM L&T bags order in the range of Rs. 2,500-5,000 cr for transportation infra biz
  • Larsen & Toubro

    21 Aug 2024 , 10:41AM The Company received an order of the Bombay High Court, allowing the Writ petition filed by the Company and has quashed & set aside the show cause notice issued by the GST authorities towards Service tax demand of Rs. 2,237 crore, on an erstwhile subsidiary. Positive
  • L&T wins order to Construct Automobile Plant

    31 Jul 2024 , 12:13PM L&T bags order in the range of Rs. 1,000-2,500 cr for the construction of automobile plant
  • L&T

    30 Jul 2024 , 10:38AM As per media reports, L&T's power transmission & distribution business won significant domestic and international contracts to construct substations and transmission lines. The new orders fall in the 'Large' category, valued between Rs 2,500 to Rs 5,000 crore. Positive for the stock.
  • L&T bags multiple orders in the range of Rs. 2,500-5,000 Cr

    29 Jul 2024 , 10:22AM L&T wins multiple orders to build grid elements forming backbone of clean energy transition
  • Stock Update: Larsen & Toubro Q1FY2025 Results Review

    25 Jul 2024 , 2:37PM Stock Update: Larsen & Toubro Q1FY2025 Results Review: Good show amid domestic challenges; Retain Buy
  • L&T wins order for Part Construction of Two Fleet Support Ships

    9 Jul 2024 , 11:29AM L&T bags order in the range of Rs. 1,000-2,500 cr from Hindustan Shipyard, with Indian Navy being the end user
  • L&T bags order for Solar Plants in the Middle East

    8 Jul 2024 , 11:24AM L&T bags order in the range of Rs. 10,000-15,000 cr for Solar Plants in the Middle East
  • L&T wins offshore order from ONGC

    1 Jul 2024 , 1:24PM L&T bags order in the range of Rs. 1,000-2,500 cr for an offshore order from ONGC
  • L&T bags order for solar cum energy storage plant

    24 Jun 2024 , 11:43AM L&T bags order in range of Rs. 1,000-2,500 cr for solar cum energy storage plant
  • L&T wins offshore order from ONGC

    18 Jun 2024 , 10:22AM L&T Construction bags order in the range of Rs. 1,000 Crore to Rs. 2,500 Crore
  • L&T bags order in the range of Rs. 2,500-5,000 crore from ONGC

    13 Jun 2024 , 2:34PM L&T wins large offshore order up to Rs. 5,000 crore from ONGC for its Daman Project
  • L&T Q4FY2024

    9 May 2024 , 11:36AM L&T Q4FY2024 earnings conference call highlights are as follows
  • L&T win order for renewables & grid systems project

    8 May 2024 , 10:56AM L&T bags order in Rs. 5,000-10,000 cr range for renewables & grid systems project
  • L&T GeoStructure wins multiple orders

    28 Mar 2024 , 10:27AM L&T bags order in the range of Rs. 1,000-2,500 cr
  • L&T Construction wins order for buildings & Factories business

    27 Mar 2024 , 11:21AM L&T bags multiple orders in the range of Rs. 2,500-5,000 Cr
  • Larsen & Toubro

    27 Mar 2024 , 10:50AM The Board of Directors of the Company at its meeting held on March 26, 2024 has approved the long term borrowings of upto Rs. 7,500 crore, including through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate.
  • Larsen & Toubro

    22 Mar 2024 , 11:23AM The meeting of the Board of Directors of the Company is scheduled on March 27, 2024 ,inter alia, to consider and approve fund raising including by way of debt issue.
  • L&T Construction wins order for Buildings & Factories Business

    13 Mar 2024 , 10:55AM L&T bags order in the range Rs. 1,000-2,500 cr of for buildings & factories business
  • L&T wins offshore order for Hydrocarbon Business

    7 Mar 2024 , 10:33AM L&T bags order in the range of Rs. 1,000-2,500 cr from ONGC
  • L&T signs contract for High Power Radars

    1 Mar 2024 , 2:22PM L&T gets contract worth ₹13,368 crore for supply of equipment to Indian Air Force
  • Larsen & Toubro

    1 Mar 2024 , 10:46AM The company commissioned its first indigenously manufactured electrolyser at the Green Hydrogen Plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat. L&T Electrolysers (newly incorporated entity of L&T) plans to leverage its upcoming giga-scale facility in Hazira to meet the growing demand for green hydrogen, maximizing product localization through enhanced local supply chain, and automation for cost-competitiveness. Positive for the stock.
  • L&T commissions first indigenously built Hydrogen Electrolyser at Hazira

    1 Mar 2024 , 10:02AM L&T Electrolysers foray into domestic electrolyser manufacturing
  • L&T Construction wins order for Railway Business Group

    26 Feb 2024 , 10:49AM L&T bags order in the range of Rs. 1,000-2,500 cr in Indonesia
  • L&T Construction wins order for Buildings & Factories Business

    22 Feb 2024 , 12:58PM L&T Construction bags order in the range of Rs. 1,000-2,500 cr
  • L&T wins order for Hydrocarbon Business

    13 Feb 2024 , 11:04AM L&T bags order in the range of Rs. 1,000-2,500 cr for Hydrocarbon business
  • L&T Construction wins order for Power Transmission & Distribution Business.

    7 Feb 2024 , 11:04AM L&T bags multiple orders in the range of Rs. 2,500-5,000 cr in India & West Asia for construction work.
  • L&T Construction gets order for its Transportation Infrastructure Business

    6 Feb 2024 , 10:47AM L&T bags order in the range of Rs. 2,500-5,000 cr for construction work
  • L&T wins contract for Hydrocarbon Business

    5 Feb 2024 , 2:26PM L&T bags order in the range of Rs 2,500-5,000 cr from IndianOil Adani Ventures
  • L&T Construction wins a Mega EPC order

    30 Jan 2024 , 10:34AM L&T Construction wins a Mega EPC order in the range of Rs. 10,000-15,000 cr in the United Arab Emirates
  • L&T Heavy Engineering wins multiple orders

    23 Jan 2024 , 10:54AM Larsen & Toubro win multiple orders in the domestic and international markets
  • L&T Construction wins orders for its Buildings & Factories Business

    17 Jan 2024 , 11:20AM L&T bags order in the range of Rs. 1,000-2,500 cr for its buildings & factories business
  • L&T Construction bags order in the range of Rs. 10,000-15,000 cr

    16 Jan 2024 , 11:12AM L&T Construction bags order in the range of Rs. 10,000-15,000 cr to build Electrification System Works for The Mumbai Ahmedabad High-Speed Rail Project
  • L&T Construction gets order for its Buildings & Factories Business

    9 Jan 2024 , 12:08PM L&T Construction wins order in the range of Rs. 1,000-2,500 cr for Buildings & Factories Business
  • Larsen &Toubro

    4 Jan 2024 , 11:59AM The Company has completed the sale of its entire stake in L&T Infrastructure Engineering to STUP Consultants under the Share Purchase Agreement dated November 2, 2023. Consequently, L&T Infrastructure Engineering has ceased to be a subsidiary of the Company. Neutral for the stock.
  • L&T completes sale of its entire stake in L&T Infrastructure

    4 Jan 2024 , 10:53AM L&T completes sale of its entire stake in L&T Infrastructure Engineering to STUP Consultants
  • L&T bags order in the range of Rs. 2,500-5000 cr

    28 Dec 2023 , 1:06PM L&T Construction wins order for its Power Transmission & Distribution (PT&D) Business
  • L&T Construction wins Major EPC order in Saudi Arabia

    27 Dec 2023 , 11:11AM L&T's Construction arm receives 'Major' order for Amaala Project in Saudi Arabia
  • Larsen & Toubro

    1 Dec 2023 , 10:54AM The Company has incorporated a new wholly owned subsidiary – L&T Semiconductor Technologies Limited (LTST) on November 29, 2023. LTST is formed for the purpose of engaging in the business of fabless semiconductor chip design and product ownership.
  • Larsen & Toubro

    20 Nov 2023 , 11:42AM The General Tax Authority, Qatar has imposed a penalty of 4,86,80,120 QAR (~Rs. 111.31 crore) for tax period 01/04/2016 to 31/03/2017 and 5,58,22,856 QAR (~Rs. 127.64 crore) for tax period 01/04/2017 to 31/03/2018 for year 2018 (Qatar). An appeal has been filed against the levy of this penalty as the Company believes it is arbitrary and unjustified. Negative for the stock.
  • L&T Energy Hydrocarbon gets order in MiddleEast

    20 Nov 2023 , 10:56AM L&T Energy Hydrocarbon bags order in the range of Rs. 10,000-15,000 crores in MiddleEast
  • L&T Construction bags contract for its Water & Effluent Treatment Business

    7 Nov 2023 , 12:10PM L&T Construction bags order in the range of Rs. 1,000-2,500 cr for water & effluent treatment (WET) business
  • L&T Construction bags contract to construct the Bhogapuram International Airport

    6 Nov 2023 , 10:36AM L&T bags order in the range of Rs. 2,500-5,000 cr to construct Bhogapuram Intl airport
  • Larsen & Toubro

    3 Nov 2023 , 12:28PM The company announced the divestment of its 100% stake in L&T Infrastructure Engineering (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India. The stake has been acquired by STUP Consultants, a subsidiary of Assystem SA of France. This transaction aligns with its commitment to focus on its core businesses and assets. LTIEL revenues for FY23 was Rs.92 crore. The transaction is currently pending completion of customary closing conditions and is expected to be concluded before January 15th, 2024. Positive for the stock.
  • Larsen & Toubro announces divestment of L&T Infrastructure Engineering

    3 Nov 2023 , 10:28AM L&T divests its entire stake in L&T Infrastructure Engg to STUP Consultants for Rs 60 cr
  • Stock Update: Larsen & Toubro Q2FY2024 Results Review

    1 Nov 2023 , 11:06AM Stock Update: Larsen & Toubro Q2FY2024 Results Review: Execution momentum sustains
  • L&T Construction bags order in the range of Rs. 2,500-5,000 cr

    30 Oct 2023 , 11:03AM L&T Construction wins order of Rs. 2,500-5,000 cr for its Power Transmission & Distribution (PT&D) Business
  • Larsen & Toubro

    11 Oct 2023 , 1:33PM The hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of L&T has recently secured a letter of intent for a Mega onshore project from a prestigious client in the Middle East. The scope of work involves engineering, procurement and construction of Gas Compression Plants consisting of Gas Inlet Facilities, Gas Compression System, Produced Water Handling, Propane Refrigeration System, Condensate Transfer and Utilities for Gas Compression Facilities in new onshore facilities and its integration with existing Gas Compression Plants. To cater to the power supply requirements of the Gas Compression Plants, 3 Nos of 230 kV Extra High voltage substations will be set up by the Power Transmission & Distribution arm of L&T Construction. Positive for the stock. The mega order values more than Rs. 7,000 crore.
  • L&T Hydrocarbon wins contract for gas compression plants

    11 Oct 2023 , 11:55AM L&T Hydrocarbon bags order worth more than Rs. 7,000 cr in Middle East
  • Larsen & Toubro

    10 Oct 2023 , 12:24PM The company has secured an Engineering, Procurement and Construction (EPC) order from the Public Health Engineering Department, Rajasthan to construct a Water Supply Project for 648 villages of the District of Chittorgarh from the Chambal River under the Jal Jeevan Mission (Package-I). The project also includes automation and SCADA work including Operation & Maintenance for 10 Years. The business has also secured an order from the Guwahati Water Supply and Sewerage Board, Assam for Construction & Commissioning of balance works of 107 MLD Capacity South Guwahati West Water Supply Project. The scope of work includes 84 Kms of DI pipeline, 3 Kms of MS Pipeline, 4 pre-settling tanks along with associated electrical, mechanical & instrumentation works for existing water treatment plant. The project will cater to the water demands of the western part of South Guwahati city.
  • L&T bags order in the range of Rs. 1,000-2,500 crores

    10 Oct 2023 , 11:12AM L&T Construction secures contract for its Water & Effluent Treatment (WET) Business
  • Larsen & Toubro

    5 Oct 2023 , 10:43AM L&T’s buildings & factories business has secured various orders in the large category under its various business units. The business has secured an order to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers. The business also secured orders from a reputed developer to construct Commercial Towers in Hyderabad. The scope of work includes construction of 2 buildings with a combined built-up area of 4.2 million square feet. In addition, the business has bagged an order from the Indian Institute of Technology, Kanpur to construct a Super Specialty Hospital & Academic Block as part of the Gangwal School of Medical Sciences and Technology. This will be the first super-specialty hospital with a medical college campus in India.
  • L&T Construction bags order for buildings & factories biz

    5 Oct 2023 , 10:31AM The construction arm of L&T secures various orders worth Rs. 2,500-5,000 cr for its Buildings & Factories business
  • L&T wins order for its Power Business

    4 Oct 2023 , 10:09AM L&T bags order in the range of Rs. 1,000-2,500 cr for its power biz
  • L&T bags order from MMRDA for underground road tunnel project

    29 Sep 2023 , 10:53AM L&T bags order worth more than Rs. 7,000 cr for its heavy civil biz from MMRDA
  • L&T partners with BAE Systems to bring BvS10 AllTerrain Vehicle to India

    14 Sep 2023 , 1:19PM The BvS10 will participate in Indian Army trials starting in September 2023
  • Larsen & Toubro

    12 Sep 2023 , 10:06AM The buyback price has been increased from Rs. 3,000 per equity share to Rs. 3,200 per share· The maximum number of equity shares proposed to be bought back by the company has been reduced from 3,33,33,333 (Three Crore Thirty Three Lakh Thirty Three Thousand Three Hundred and Thirty Three) fully paid-up Equity Shares to 3, 12,50,000 (Three Crore Twelve Lakh Fifty Thousand) fully paid-up Equity Shares representing upto 2.22% of the total paid-up equity shares of the company. The revised buyback price is based on a premium of 10.57 % over the daily average of the closing price on BSE and NSE in the immediately preceding two weeks' and the date of buyback committee meeting held on Monday, September 11, 2023.
  • Larsen & Toubro

    28 Aug 2023 , 10:46AM The company has received shareholder approval for a proposal to buy back shares of up to Rs 10,000 crore. The company has fixed September 12,2023 as a record date for the buy back.
  • L&T Construction win orders for its Power Transmission & Distribution Business

    23 Aug 2023 , 2:47PM L&T Construction bags orders in the range of Rs. 2,500-5,000 to establish a 220 kV gas-insulated substation and associated transmission lines in UAE
  • Larsen & Toubro

    23 Aug 2023 , 1:23PM L&T construction has won a large order for its Power Transmission & Distribution Business in the Middle East. In the United Arab Emirates, the business has received an order to establish a 220kV Gas Insulated Substation and associated Transmission Lines from a well-established service provider to the energy industry. Further, orders to establish 2 New 132kV Substations have been received from a public services infrastructure company in Dubai and another order to build a 220kV overhead Transmission Line has been secured in the region. In Kuwait, an order has been secured for turnkey construction of 4 new 132kV Substations in the Al Sabah Medical District. Additional orders have been received in the ongoing jobs in Qatar and Saudi Arabia.
  • L&T secures order from Perdaman's Urea Plant in Australia

    21 Aug 2023 , 2:34PM L&T Energy Hydrocarbon bags order in the range of Rs. 1,000-2,500 cr from Saipem & Clough
  • Larsen & Toubro

    21 Aug 2023 , 1:57PM L&T Energy Hydrocarbon has been awarded an order from The Saipem & Clough JV (SCJV), Australia for fabrication and supply of process and piperack modules for a 2.3 MMTPA urea plant for Perdaman Chemicals and Fertilisers. The plant will be constructed on the Burrup Peninsula, 20 km north of Karratha, Western Australia. On completion, this state-of-the-art facility will be the largest urea plant in Australia and one of the largest in the world. The value of this significant order is likely to be between Rs. 1,000 crore to Rs. 2,500 crore. Positive for the stock.
  • L&T Construction wins order for its Buildings & Factories Business

    14 Aug 2023 , 10:07AM L&T Construction bags order worth Rs 1,000-2,500 cr for its buildings & factories business
  • Larsen & Toubro

    10 Aug 2023 , 1:52PM As per media reports, Larsen & Toubro may buy out 26% stake that Nuclear Power Corporation of India has in L&T special steel and heavy forging company. L&T plans to shell nearly Rs. 150 crore for the acquisition. This JV was formed to establish supply chain of critical forgings for India Nuclear programme along with undertaking development work for the new generation reactors in the Nuclear as well as the Hydrocarbon sector. Apart from this, L&T and its green hydrogen joint venture partners-Indian Oil Corporation and ReNew-will invest upto US$4 billion (Rs. 32,000 crore) in their green hydrogen businesses over three-five years. L&T has a joint venture with state-run Indian Oil Corporation and renewable power company- ReNew for its green hydrogen ventures. Positive read thru for L&T.
  • L&T Construction

    1 Aug 2023 , 11:29AM L&T’s construction division has won multiple orders from prestigious clients. It has received an order from Rail Vikas Nigam Limited (RVNL), for the design and construction of an underground metro project in connection with Joka – Esplanade Metro Corridor in the city of Kolkata. Another order has been bagged from a reputable client in the Middle East for a mandate to rehabilitate structures for strategic purposes. The order has been classified as large and therefore could be in the range of Rs. 2,500- 5,000 crore. Positive for the stock
  • L&T construction win multiple orders from prestigious clients

    1 Aug 2023 , 10:31AM L&T Construction bags multiple orders in the range of Rs. 2,500-5,000 cr
  • Larsen & Toubro

    26 Jul 2023 , 10:53AM L&T reports strong Q1 earnings
  • Larsen & Toubro

    25 Jul 2023 , 10:52AM L&T’s Q1FY24 results are expected to be strong with 18% y-o-y growth in sales, 11.3% OPM (+21 bps y-o-y) and 25% y-o-y growth in adjusted net profit. The order inflow is expected to be healthy. Apart from results, the key thing to watch out for would be announcement of buyback and dividend. The company’s current cash and investments are to the tune of ~Rs. 58,000 crore. As per new SEBI rules, debt/equity ratio has to be less than 2:1 for any company which have NBFCs or housing finance companies as their subsidiaries to be eligible for the buyback and we expect that the company would not be facing any regulatory hurdles this time as its debt/equity ratio post the buyback is also expected to be within the permissible limit. We maintain our Buy rating on the stock.
  • L&T Construction wins order for its Power Transmission & Distribution Business

    25 Jul 2023 , 10:33AM L&T Construction bags orders worth Rs. 1,000-2,500 cr for its Power Transmission & Distribution business
  • Larsen & Toubro

    21 Jul 2023 , 10:42AM The company announced that it will be declaring special divided and announcing a buyback on July 25, 2023 along with its Q1FY24 results. Our view: Announcement of buyback and special dividend on July 25,2023 would act as near-term trigger for the stock. The company’s buy back plans in 2019 when the stock price was ~Rs. 1,475 – 1,490 had to be shelved as SEBI disapproved the buyback over concerns that such a buyback could increase the company’s debts. Currently, the company’s debt (excluding L&T financial services) is at a comfortable position at ~Rs. 39,000 crore. We have a Buy rating on the stock.
  • L&T Construction secures order for its Heavy Civil Infrastructure Business

    21 Jul 2023 , 9:55AM L&T Construction bags order worth more than Rs. 7,000 cr for Mumbai Ahmedabad high-speed rail project from NHSRCL
  • Larsen & Toubro

    17 Jul 2023 , 11:10AM L&T construction’s Water & Effluent Treatment Business has secured orders from the State Water & Sanitation Mission, Uttar Pradesh, to construct a water supply scheme for the Hanumanganj multi-group of villages in the districts of Ballia and Firozabad. The project is designed to provide safe & potable drinking water to 50.85 lakh rural populations in the state and is part of a larger scheme of water supply projects planned by the State Government with an objective to provide piped drinking water to every household (under Jal Jeevan Mission). The business has also secured a breakthrough order from the National Thermal Power Corporation (NTPC) for Make-up Water System & Ash Disposal cum Ash Water Recirculation System (AWRS) Package at Talcher.
  • L&T Construction bags order in the range of Rs. 2,500-5,000 cr

    17 Jul 2023 , 11:07AM L&T Construction secure contracts for its Water & Effluent Treatment Business
  • Larsen & Toubro

    14 Jul 2023 , 10:27AM L&T is playing a critical role in the launch of LVM3 M4 Chandrayaan Mission. L&T has been associated with India’s space program for over five decades. L&T has been involved in this mission starting from manufacturing of subsystems till mission tracking. The critical booster segments, namely head end segment, middle segment and nozzle bucket flange, with a diameter of 3.2 meter were manufactured and proof pressure tested at L&T’s facility in Powai. L&T has also been playing a key role in the system integration of launch vehicle for the Indian Space Programme.
  • Larsen & Toubro

    11 Jul 2023 , 11:05AM L&T’s state-of-the-art Kattupalli Shipyard near Chennai has been undertaking voyage repairs of the military sealift command vessels. After elaborate assessment by the US Navy and the military sealift command, the shipyard qualified for the master shipyard repair agreement (MSRA) for five years. This is equivalent to undertaking warship refits, for which the shipyard has already been qualified by the Indian Navy and the Coast Guard. This is the third U.S. ship coming to L&T Shipyard for Voyage Repairs. Earlier, Voyage Repairs of Marine Sealift Command (MSC) Fleet Support Ships – USNS Charles Drew and USNS Matthew Perry – were undertaken and completed on-time by L&T. Our View: L&T’s shipbuilding arm offers total solutions, from concept design to construction for new builds, as well as repair, refits and mid-life upgrades. Positive read thru for L&T. We have a Buy rating on the stock with a target price of Rs. 2,700.
  • L&T signs master ship repair agreement with US Navy

    11 Jul 2023 , 10:49AM This agreement will serve to strengthen its two nations
  • Larsen & Toubro

    10 Jul 2023 , 5:19PM L&T and Navantia, Spain signed a Teaming Agreement (TA) for the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.
  • L&T, Navantia sign a Teaming Agreement for Project 75 (India) submarine program

    10 Jul 2023 , 2:17PM L&T in agreement with Navantia, Spain for techno-commercial bid for P75 (India) Submarine Program
  • L&T concludes transition of $150 m loan with Bank of America

    10 Jul 2023 , 10:45AM L&T concludes transition of USD 150 million loan with Bank of America into a Sustainability Linked Loan
  • Larsen & Toubro

    5 Jul 2023 , 1:34PM The buildings & factories business of L&T construction has recently secured an EPC order in Mumbai for an office space development using composite steel construction technology. The order is received from a multinational company for construction of commercial office space at Mumbai with an approximate built-up area of 14.85 Lakhs Sq. ft. The project scope involves EPC including Civil Works, Composite Steel, Façade, MEP & External Development Activities. The project is scheduled to be completed in 2026. The order value will be in the range of Rs.1,000 – 2,500 crore. Our view: Positive for the stock as it has bagged many large orders recently. We have a Buy Rating on L&T with a target price of Rs. 2,700.
  • L&T Construction bags order worth Rs. 1,000-2,500 cr

    5 Jul 2023 , 1:10PM L&T Construction wins order for its Buildings & Factories Business
  • Larsen & Toubro

    27 Jun 2023 , 9:48AM As per media reports, L&T is in talks with space exploration firm Blue Origin which is owned by Jeff Bezos to supply orbital launch capabilities, such as liquid rocket engines, besides providing space habitat solutions. L&T’s defence arm is already supplying solid fuelled engines to the Indian Space Research Organisation (ISRO) from its Coimbatore facility. Our view: Positive for L&T from long-term perspective. We have a Buy rating on the stock with a target price of Rs. 2,700.
  • Larsen & Toubro

    26 Jun 2023 , 12:25PM The Power Transmission & Distribution Business of L&T has secured new orders in India and abroad. In Middle East, the business has won two orders for the upgrade of electrical networks in large industrial facilities. The scope of these orders involves establishing gas insulated substations with associated high voltage cable systems. The Power Transformers and Control & Protection systems are the other crucial elements that will be installed as part of the works
  • L&T Construction wins order for its Power Transmission & Distribution Business

    26 Jun 2023 , 10:20AM L&T Construction bags order in the range of Rs. 1,000-2,500 cr for power transmission & distribution business
  • Larsen & Toubro

    23 Jun 2023 , 10:08AM L&T and DRDO signed a contract for realisation of two Air Independent Propulsion (AIP) System Modules for Kalvari Class of Submarines of the Indian Navy. These Modules constitute the core of the fuel cell-based AIP System, indigenously developed by Naval Materials Research Laboratory (NMRL) of DRDO with L&T as prime industry partner, an association spanning more than a decade. This project would pave the way for order(s) for AIP Systems for the remaining five Kalvari Class submarines in the coming years. This could also open up possible export opportunities to other countries that operate Scorpene class submarines. Positive from long-term perspective, we have a Buy rating on the stock.
  • L&T inaugurates Heavy Wall Pressure Vessel Facility in Saudi Arabia

    22 Jun 2023 , 4:20PM L&T expands its hi-tech manufacturing capability, inaugurates Heavy Wall Pressure Vessel facility in Saudi Arabia
  • L&T partners with DRDO for AIP systems for Indian Navy submarines

    22 Jun 2023 , 4:19PM DRDO and L&T join hands for realsisation of Indigenous Air Independent Propulsion system for Submarines of Indian Navy
  • L&T wins contract for its Hydrocarbon Business

    13 Jun 2023 , 2:15PM L&T bags order in the range of Rs. 1,000 -2,500 cr for its Hydrocarbon business
  • Larsen & Toubro

    6 Jun 2023 , 1:58PM The Buildings and Factories (B&F) business of L&T Construction has recently secured EPC orders in India. The business has secured orders from a reputed developer to construct commercial towers at two locations in Mumbai. The towers are to be constructed in forty months. Another EPC order is for large commercial building of 5.1 million Sqft. The scope of the work includes four-level basements and 2 towers of 19 floors each with combined BUA of 5.1 million Sqft. The towers are to be completed in thirty-five months. The order comes under significant category and could value between Rs. 1,000 – Rs. 2,500 crore. Positive development for the stock.
  • L&T Construction bags order in the range of Rs. 1,000-2,500 cr

    6 Jun 2023 , 10:39AM L&T Construction wins orders for its Buildings & Factories Business
  • Larsen & Toubro

    29 May 2023 , 3:05PM L&T has announced the formation of L&T Green Energy Council, a think-tank comprising of eminent thought leaders, in a significant step towards building a global green energy business. The council will be responsible for identifying technology trends in green energy, analysing the evolving global policy developments, evaluate emerging business models and advise on collaborations. With India aiming to achieve energy independence by 2047 and reach Net Zero by 2070, the company is confident in its ability to make significant contributions to India's transition towards a sustainable and carbon-neutral future. Positive development from long-term perspective as L&T is focused on increasing its green energy portfolio.
  • Larsen & Toubro

    25 Apr 2023 , 12:00PM The Power Transmission & Distribution (PT&D) business of L&T construction has secured EPC orders in India and overseas. The business has secured orders to develop distribution infrastructure in two discom circles of western Rajasthan. The business has also bagged a power supply system order for the second phase of Chennai Metro. The scope includes design, supply, installation and commissioning of receiving substations (RSS), Auxiliary Substations (ASS) and SCADA system for the northern sections of Corridors 3 & 5. Further, in the overseas market, the PT&D business has won an order to supply, construct, test, and commission a 132kV substation in the United Arab Emirates. The order value is between Rs. 1,000-Rs. 2,500 crore. Positive development for the stock. We have a Buy rating on the stock with a target price of Rs. 2,600.
  • L&T Construction wins order for its Power Transmission & Distribution biz

    25 Apr 2023 , 11:47AM L&T Construction bags order in the range of Rs. 1,000-2,500 cr
  • Larsen & Toubro

    18 Apr 2023 , 10:31AM As per media reports, L&T has bagged Rs. 8,740 crore contract for redevelopment of New Delhi Railway Station. The financial bids were opened on April 06th, 2023 and L&T emerged as the lowest bidder. Our view: The order win is a positive for the stock. IT sector companies – LTIMindtree and L&T Technology Services owned by the company are witnessing pressure in the wake of poor Q4 results; which could limit the near-term upside in the stock. However, its core engineering business is expected to do well, and the company would report good Q4 numbers and order inflows for its engineering business. We maintain our Buy rating on the stock with a target price of Rs. 2,600.
  • Larsen and Toubro

    13 Apr 2023 , 11:36AM L&T, Afcons Infrastructure Ltd and JSW Infrastructure Ltd are among companies competing to build the Rs. 42,000 crore-International Container Trans-shipment Terminal in Great Nicobar. L&T has also submitted bids for the design and construction of civil and building works of a 135-km-long alignment between Shilphata and Zaroli under package C-3 of the Mumbai-Ahmedabad high-speed rail line. As per, National High-Speed Railway Corporation Ltd (NHSRCL), it has received four bids from M/s Larsen & Toubro Ltd, NCC-J Kumar (JV), M/s Afcons -KPTL Consortium and M/s Dineshchandra-DMRC JV for package C-3 that also includes Thane, Virar and Boisar HSR (high-speed rail) stations. Financial bids of the technically qualified bidders will be opened once the technical evaluation is completed. Directionally positive for L&T, we have a Buy rating on the stock with a target price of Rs. 2,600.
  • Larsen & Toubro

    10 Apr 2023 , 2:56PM The Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of L&T has recently secured an order under its AdVENT (Advanced Value Engineering and Technology) business vertical. The order is for license plus engineering, procurement and construction (L - EPC) of a Technical Ammonium Nitrate (TAN) plant along with Weak Nitric Acid (WNA) plant at Gadepan, Kota, Rajasthan from Chambal Fertilisers and Chemicals Limited (CFCL), a leading fertilizer company in India. The order falls under significant category and could value between Rs. 1,000 crore to Rs. 2,500 crore. Positive for the stock.
  • Larsen & Toubro

    10 Apr 2023 , 2:38PM The Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of L&T has recently secured an order under its AdVENT (Advanced Value Engineering and Technology) business vertical. The order is for license plus engineering, procurement and construction (L - EPC) of a Technical Ammonium Nitrate (TAN) plant along with Weak Nitric Acid (WNA) plant at Gadepan, Kota, Rajasthan from Chambal Fertilisers and Chemicals Limited (CFCL), a leading fertilizer company in India. The order falls under significant category and could value between Rs. 1,000 crore to Rs. 2,500 crore. Positive for the stock.
  • L&T wins order for its Hydrocarbon Business

    10 Apr 2023 , 1:22PM L&T bags order worth Rs. 1,000-2,500 cr for its hydrocarbon business
  • Larsen & Toubro

    5 Apr 2023 , 12:23PM The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of L&T has recently secured multiple offshore packages from a prestigious client in the Middle East. The scope of work comprises engineering, procurement, construction & installation for various new offshore facilities and integration with existing installations. The orders qualify under ‘mega’ orders and the contract value is more than Rs. 7,000 crore. Positive for the stock.
  • L&T wins contract for its Hydrocarbon Business

    5 Apr 2023 , 10:37AM L&T bags order worth more than Rs. 7,000 cr for its hydrocarbon business
  • Larsen & Toubro

    3 Apr 2023 , 1:34PM L&T has completed the sale of Carved-out Business of Smart World and Communication (“SWC”) Business Unit of the Company to L&T Technology Services Limited on April 1, 2023. Neutral read through for the stock.
  • L&T Construction bags order worth Rs. 1,000-2,500 crore

    31 Mar 2023 , 11:57AM L&T Construction wins order for its Power Transmission & Distribution Business
  • Larsen & Toubro

    29 Mar 2023 , 11:22AM The Minerals & Metals (M&M) business of L&T has secured two orders from the Vedanta Group. The orders, awarded recently, comprise the following- setting up a 5 LTPA Fertiliser Plant for M/s. Hindustan Zinc Limited (a Vedanta group subsidiary). This order, bagged on EPC basis, involves setting up of a 1.8 LTPA Phosphoric Acid Plant (PAP) and a 5.1 LTPA Di Ammonia Phosphate Plant (DAP) at Chanderiya, Rajasthan within the premises of the existing main plant. It also includes expanding the capacity of the Aluminum Smelter Complex at BALCO Korba, Chhattisgarh by 435 KTPA for M/s. Bharat Aluminium Company Limited (a Vedanta group subsidiary). The major scope of work involves critical pot shell fabrication, assembly and installation including civil, structural and equipment installation works. Positive development for the stock. We have a Buy rating on the stock with a target price of Rs. 2,600.
  • L&T Construction secures order for its Minerals & Metals Business

    29 Mar 2023 , 11:14AM L&T bags order worth Rs. 2,500-5,000 cr for its minerals & metals business
  • Larsen & Toubro

    27 Mar 2023 , 2:01PM The Power Transmission & Distribution business of L&T has secured EPC orders in India and overseas
  • L&T Construction wins order for its Power Transmission & Distribution Business

    27 Mar 2023 , 12:26PM L&T construction bags order in the range of Rs. 2,500-5,000 crore
  • Larsen & Toubro

    23 Mar 2023 , 12:07PM L&T has entered into an Electrolyzer Manufacturing Binding Agreement with France-based McPhy Energy for a long-term partnership to explore the opportunities unfolding in the emerging Green Hydrogen market. Under the deal, McPhy will grant an exclusive license of its pressurised alkaline electrolyser technology to L&T for manufacturing of electrolyzers, including future product upgrades. L&T plans to set up a Gigawatt-scale manufacturing facility for electrolyzers based on McPhy technology in India for serving the domestic requirements as well as cater to the other selected geographies. L&T is currently running a small green hydrogen plant for its captive consumption at its Hazira facility.
  • L&T signs Agreement with McPhy for Electrolyzer Manufacturing

    23 Mar 2023 , 9:57AM L&T inks pact with France-based McPhy for electrolyzer manufacturing
  • L&T Construction wins order for its various businesses

    22 Mar 2023 , 12:40PM L&T Construction bags order in the range of Rs. 1,000-2,500 Cr
  • Larsen & Toubro

    21 Mar 2023 , 10:24AM The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of L&T has secured multiple offshore packages from a prestigious overseas client. The scope of work comprises engineering, procurement, construction & installation of offshore structures and upgradation of existing facilities. Our View: The total order value is supposed to be between Rs. 5,000-7,000 crore. Positive for L&T and we have a Buy rating on the stock.
  • L&T wins contract for its Hydrocarbon Business

    21 Mar 2023 , 10:22AM L&T wins 'major' work order in the range of Rs. 5,000-7,000 cr
  • Stock Update: L&T

    9 Mar 2023 , 10:40AM Stock Update: L&T – A strong case for robust execution and margin recovery
  • Larsen & Toubro

    2 Mar 2023 , 10:03AM As per media reports, the Union Cabinet has approved the purchase of three cadet training ships for the Indian Navy from L&T at a cost of more than Rs 3,000 crore. To be constructed at the L&T shipyard in Kattupalli, Chennai, the delivery of these ships is scheduled to commence from 2026. Our view: It is relatively a small order for L&T and execution would also reflect in the revenues from 2026 onwards. Hence, mildly positive for the stock.
  • Larsen & Toubro

    10 Feb 2023 , 10:02AM As per media reports, L&T has bid for the C-2 package between Bandra-Kurla Complex in Mumbai and Shilphata in Thane under the bullet train corridor between Mumbai and Ahmedabad. The National High-Speed Rail Corporation Limited (NHSRCL) will commence the on-ground construction in Maharashtra by September 2023. As per reports, Apart from L&T, Afcons Infrastructure has also bid for the said package. After technical evaluation, financial bids will be opened. Positive read thru for L&T.
  • Larsen & Toubro

    9 Feb 2023 , 10:07AM As per media reports, Ministry of Defence has approved the proposal for the indigenous manufacture of 41 sets of modular bridges for the Corps of Engineers of the Indian Army. The contract for the procurement of modular bridges was signed with L&T at an estimated cost of over Rs 2,585 crore. Positive for L&T.
  • L&T Construction wins orders for its various businesses

    23 Jan 2023 , 11:23AM L&T Construction bags orders in the range of Rs. 1,000-2,500 cr for various businesses
  • Larsen & Toubro

    16 Jan 2023 , 1:52PM L&T Construction has been awarded a significant contract for its Buildings & Factories Fast Business. The repeat order has been secured to construct two towers with commercial office space in Hyderabad with approximate built-up areas of 28.91 lakh sq. ft and 28.53 lakh sq. ft respectively. The project is scheduled to be completed in 18 months. Although the value of the contract is not known, it falls under significant category and could range between Rs 1,000 – 2,500 crore. Positive for the stock.
  • L&T Construction bags contract for its Buildings & Factories Fast Business

    16 Jan 2023 , 11:38AM L&T Construction bags order in the range of Rs. 1,000-2,500 Cr to build commercial office space in Hyderabad
  • Larsen & Toubro

    13 Jan 2023 , 2:26PM L&T signed a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. H2C has proven expertise in developing and integrating Power-to-X (PtX) projects based on affordable, often stranded, non-commercial renewable power. Under the terms of the MoU, L&T will become a partner for EPCIC of the topsides for H2C’s floating process plants. Positive for L&T as the MoU is in-line with the company’s goal to invest and grow in green energy solutions.
  • L&T and Norway-based H2Carrier sign MoU

    13 Jan 2023 , 11:18AM To develop floating green hydrogen and green ammonia projects Topsides to be fabricated in India
  • L&T Heavy Engineering wins multiple orders in Q3 FY23

    9 Jan 2023 , 10:43AM L&T bags multiple orders in the range of Rs. 1,000-2,500 cr in Q3FY23
  • L&T unit agrees to sell entire stake in Think Tower Developers

    6 Jan 2023 , 10:15AM L&T Realty Developers, a wholly owned subsidiary of L&T enters into an agreement to sell its entire stake in Think Tower
  • Larsen & Toubro

    3 Jan 2023 , 11:49AM The water & effluent treatment business of L&T construction has bagged repeat orders from the government of Madhya Pradesh to execute two lift irrigation projects to irrigate 2,05,000 Ha of culturable command area covering more than five hundred villages of Dewas & Dhar districts in the state of Madhya Pradesh on a turnkey basis. The order reaffirms L&T’s credentials in the irrigation sector and its capability to aid the development of agriculture. Our view: Positive for the stock. While, the order size is not known, the order is classified under major category and could value between Rs 5,000-Rs 7,000 crore. We have a Buy rating on the stock.
  • L&T Construction bags orders in the range of Rs. 5,000-7,000 cr

    3 Jan 2023 , 10:37AM L&T Construction Wins orders for its Water & Effluent Treatment Business
  • L&T bags order in the range of Rs. 1,000-2,500 cr

    27 Dec 2022 , 12:12PM L&T Construction wins order for its Power Transmission & Distribution Business
  • L&T Construction gets contract for its Water & Effluent Treatment Business

    26 Dec 2022 , 10:17AM L&T bags order in the range of Rs. 1,000-2,500 cr for water & effluent treatment business
  • L&T DIVESTS its entire stake in L&T IDPL

    19 Dec 2022 , 11:00AM L&T in focus Company to sell its entire 51% stake in L&T IDPL to Epic Concesiones
  • Larsen & Toubro (L&T)

    9 Dec 2022 , 2:05PM Larsen & Toubro International FZE (LTIFZE), a wholly owned subsidiary of Larsen & Toubro has entered into a share purchase agreement on December 8, 2022, to purchase stake in OPRO.AI INC., a Delaware Corporation. OPRO.AI INC is engaged in the business of offering Deep Learning Optimization software for process industries (O&G, chemicals, petrochemicals). LTIFZE will acquire minority stake in the target company with the objective of realizing business synergies with relevant businesses of L&T Group. The cost of acquisition is USD 1 Million. The company currently has operations in the U.S. Our view: The acquisition is in line with L&T’s strategy of adopting more automation and artificial intelligence in its day-to-day businesses. Positive for the stock.
  • L&T Construction secures contract for its Minerals and Metals Business

    7 Dec 2022 , 10:49AM L&T bags orders worth more than Rs. 7,000 cr for its minerals & metals business
  • Larsen & Toubro

    5 Dec 2022 , 2:10PM The Buildings & Factories (B&F) business of L&T construction has secured an order from the National High-Speed Rail Corporation Limited (NHSRCL) to construct the Sabarmati Depot (MAHSR – D-2) in the state of Gujarat for the Mumbai – Ahmedabad High Speed Rail (MAHSR) project through a consortium led by Sojitz Corporation, Japan. The scope of the MAHSR -D-2 package project involves design, supply, construction & testing, and commissioning of the depot spread over approximately 82 hectares including various specialised equipments. L&T is already executing civil viaduct and station packages C4, C5 & C6, special steel bridges packages P4(X) & P4(Y) and Ballastless Trackworks (Package No: T3) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) project. Our view: The order is a large order and would range between Rs 2,500- Rs 5,000 crore. Positive for the stock.
  • L&T Construction bags another contract in the Bullet Train Project

    5 Dec 2022 , 1:15PM L&T Construction bags contract in the range of Rs. 2,500-5,000 cr from National High-Speed Rail Corporation in the bullet train project in Gujarat
  • Stock Update: Larsen & Toubro

    29 Nov 2022 , 10:13AM Stock Update: Larsen & Toubro - Taking the next leap of growth
  • L&T wins order for its Hydrocarbon Business

    28 Nov 2022 , 12:03PM L&T bags order in the range of Rs 1,000-2,500 crore for its hydrocarbon business
  • Larsen & Toubro

    28 Nov 2022 , 11:54AM The hydrocarbon business of L&T has secured two prestigious offshore orders. The business has received India’s first contract for decommissioning of offshore facilities from British Gas Exploration and Production India Limited (BGEPL, part of Shell Plc Group of Companies). The contract scope of work involves engineering, preparation, removal and transportation of five (5) offshore wellhead platforms and associated facilities at the Tapti field, off India’s west coast, which is being operated by the Joint Venture of BGEPL, ONGC, and RIL. The Business has also secured an order from Oil & Natural Gas Corporation (ONGC) for balance works of pipeline replacement project-VI Project (PRP-VI). The scope involves laying of approximately 42 kms subsea pipelines and associated subsea works across India’s west coast offshore fields of ONGC. Both the orders are classified in the significant category and therefore the order value would range between Rs 1,000-2,500 crore. Positive for the stock.
  • Larsen & Toubro

    24 Nov 2022 , 2:22PM Larsen & Toubro (L&T): Company has secured an order from Greenko group, one of the world’s leading renewable energy companies, for development of an off stream pumped storage project in Madhya Pradesh. The civil and hydromechanical works of the project will be executed through a consortium led by Larsen & Toubro, under a stringent timeline of 30 months. Upon completion, the project will be one of the largest clean energy projects of its kind in India. Securing this pumped storage system order reiterates Larsen & Toubro’s commitment to bolster India’s clean energy sector and a step forward towards the country’s goal of being Carbon Neutral. Although the order value is not mentioned, it falls in the significant category and could be in the range of Rs 1,000 – Rs 2,500 crore. Positive for the stock.
  • L&T Construction wins significant order for its Heavy Civil Infrastructure Business

    24 Nov 2022 , 1:13PM L&T construction bags order in the range of Rs. 1,000-2,500 cr from Greenko Group
  • L&T Construction wins significant order for its Heavy Civil Infrastructure Business

    24 Nov 2022 , 1:12PM L&T construction bags order in the range of Rs. 1,000-2,500 cr from Greenko Group
  • Larsen & Toubro

    14 Oct 2022 , 3:16PM The water & effluent treatment business of L&T construction has secured repeat orders from government of Gujarat, to execute pumping system and pipeline works from Tappar Dam to Nirona Dam (Northern Link). This is the single largest order secured by the business in Gujarat. The scope of work involves design, supply, construction & commissioning of pump houses & pipelines, with associated electrical & automation works. Our view: Order inflow of L&T has picked up pace with several announcements of order awards in the recent times across construction, building & factories, transmission and heavy engineering segment. Positive for the stock
  • Larsen & Toubro

    13 Oct 2022 , 2:58PM L&T has won several ‘significant’ contracts in Q2 of FY23 which range between Rs 1,000-Rs 2,500 crore. In the global market, L&T Heavy Engineering secured a key order for the supply of reactors for renewable diesel production from Singapore. The business also secured a repeat order for the supply of four identical coke drums for a refinery in Mexico. In the petrochemicals segment, the business won order for two large critical Tubular Reactors from a global petrochemical major for their project in China. On the domestic front, L&T Heavy Engineering successfully bagged multiple strategic orders for IOCL’s Panipat P25 Project.
  • L&T Construction win orders for its Water & Effluent Treatment Business

    11 Oct 2022 , 10:42AM L&T Construction bags order in the range of Rs. 1,000-2,500 cr from Odisha Govt for water & effluent treatment business
  • Larsen & Toubro

    6 Oct 2022 , 3:29PM Larsen & Toubro (L&T): The buildings & factories business of L&T construction has secured an order from a leading automobile major to construct a state-of-the-art manufacturing facility in Haryana, India. The scope involves design & execution of civil, structural & architectural works including external development works. The business has also won an order from the Government of Assam, Public Works Department to construct a Police reserve campus in Guwahati. The scope of works includes design and construction of accommodation facilities for Police, office space, multi-level car parking and allied buildings in all aspects including structure, finishes, MEP, and related external development works. This project is to be executed in 36 months. These orders classify in the significant category ranging between Rs 1,000-Rs 2,500 crore. Positive for the stock.
  • L&T Construction wins order for its Buildings & Factories Business

    6 Oct 2022 , 11:55AM L&T Construction wins order in the range of Rs. 1,000-2,500 cr for buildings & factories business
  • Larsen & Toubro

    4 Oct 2022 , 2:17PM L&T’s construction arm has won significant orders of Rs 1,000 - Rs 2,500 crore for its Power Transmission & Distribution Business in India and abroad. The business has secured an order to establish a 765kV transmission line in Gujarat. An order has been received to upgrade the distribution system in a state in North-East India. The business has also won repeat orders to build new 132kV substations in the United Arab Emirates. Further, an order has been secured to establish a 380kV overhead line in Saudi Arabia. As the distribution system is being strengthened in the Dhaka and Narayanganj agglomerations of Bangladesh, the business has bagged orders to establish two new 132kV and 33kV substations in these regions. Positive for the stock.
  • L&T Construction wins order for its Power Transmission & Distribution biz

    4 Oct 2022 , 10:30AM L&T construction bags multiple orders in the range of Rs 1,000-2,500 cr
  • Larsen & Toubro

    28 Sep 2022 , 12:00PM The Buildings & Factories business of L&T’s construction arm has secured an order to construct a new Medical College & Hospital at Golaghat, Assam from the State Govt of Assam on an Engineering, Procurement and Construction (EPC) basis. The scope of work involves piling, civil structure, finishes & allied MEP services including supply, installation, testing & commissioning of medical gas piping, modular OT, etc., and external development works including area development works. The Business has also secured an order from a prestigious client to construct commercial office space at Bengaluru with an approximate built-up area of 10 Lakh Sq. ft. Further, the business has secured add-on orders for various ongoing projects in the segments of airports, public spaces, factories, office spaces & data centres. Although, the exact value of these orders is not disclosed by the company, they fall into the ‘significant’ category and should be in the range of Rs 1,000-2,500 cr. Positive for the stock.
  • L&T Construction bags contract for its Buildings & Factories Business

    28 Sep 2022 , 11:39AM L&T bags order in the range of Rs. 1,000-2,500 crore from Government of Assam
  • L&T Construction bags contract for its Water & Effluent Treatment Business

    15 Sep 2022 , 12:28PM L&T Construction bags order worth Rs.1,000-2,500 cr for water & effluent treatment business from Odisha Govt
  • Larsen & Toubro

    22 Aug 2022 , 12:31PM L&T’s energy business’ hydrocarbon-onshore division has secured a large contract from Indian Oil Corporation (IOCL). IOCL is implementing the Panipat Refinery Expansion (P-25) project to enhance refining capacity from 15 MMTPA to 25 MMTPA to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run. The engineering, procurement, construction, and commissioning (EPCC) contract is for setting up a Residue Hydrocracker Unit (RHCU) for this P-25 project. The contract has been awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis. Although the exact value of the order is not reported by the company, it classifies as a large project valuing between Rs. 2,500 to Rs. 5,000 crore. Positive for the stock.
  • Larsen & Toubro

    22 Aug 2022 , 10:29AM As per media reports, Larsen & Toubro (L&T) plans to invest up to US$2.5 billion in its green portfolio in the next 3-4 years. The move is in-line with its climate leadership targets under its strategic five-year plan – Lakshya 2026 – that will help reduce the greenhouse gas footprint for L&T and its clients by about 300 tonne per annum. L&T is targeting group revenues of Rs 2.7 trillion and a return on equity (RoE) of over 18% by FY26. The company plans to manufacture and supply critical components for green hydrogen plants. It is in talks with several refineries, steel and cement manufacturers to set up green hydrogen facilities for them and expects to sign some deals in the next few months. It also recently commissioned a new green hydrogen plant at Hazira in Gujarat for captive consumption. The development comes five months after the company inked a joint venture with Indian Oil Corporation (IOC) and ReNew Power for the production of green hydrogen. L&T and IOC has also signed a separate joint venture for the production of electrolysers. Positive development for the stock from long-term perspective.
  • L&T wins contract from Indian Oil Corporation

    22 Aug 2022 , 10:12AM L&T wins order in the range of Rs. 2,500-5,000 cr from IOC
  • L&T Construction bags contract for its Heavy Civil Infrastructure biz

    10 Aug 2022 , 11:25AM L&T bags order worth Rs. 1,000 to Rs. 2,500 crore from Nuclear Power Corporation of India
  • Larsen & Toubro

    26 Jul 2022 , 10:43AM L&T has issued clarification regarding a news report that it plans to sell 8 roads and a transmission project to Edelweiss fund for Rs 7,000 cr. The company has clarified that it has not signed an agreement for sale as mentioned in the media report, which is absolutely speculative. Further, it added that it plans to exit from the road and power concession projects and the company will be notifying the Stock Exchanges when any such agreement is executed.
  • Larsen & Toubro

    26 Jul 2022 , 10:40AM L&T has issued clarification regarding a news report that it plans to sell 8 roads and a transmission project to Edelweiss fund for Rs 7,000 cr. The company has clarified that it has not signed an agreement for sale as mentioned in the media report, which is absolutely speculative. Further, it added that it plans to exit from the road and power concession projects and the company will be notifying the Stock Exchanges when any such agreement is executed.
  • Larsen & Toubro

    18 Jul 2022 , 4:32PM L&T Realty, the real-estate development arm of Larsen & Toubro, announced its expansion plans in Mumbai market to drive growth. The company has entered into a binding agreement to jointly develop projects in South Mumbai, Western Suburbs and Thane worth Rs 8,000 crore, with development potential of 4.4 million square feet. This is a part of company’s larger plan to strengthen its footprint in major metros by adding around 5 million sq. ft. per year over the next five years. L&T Realty has an extensive portfolio spanning 70 million square feet across Residential, Commercial and Retail developments and is currently present in Mumbai, Navi Mumbai, Bengaluru, Chennai, and to some extent in NCR and Hyderabad.
  • L&T Realty set to expand its footprint

    18 Jul 2022 , 12:21PM L&T Realty to jointly develop projects in South Mumbai, Western suburbs & Thane worth Rs 8,000 cr
  • L&T Construction contracts for its Buildings & Factories Business

    11 Jul 2022 , 10:37AM L&T Construction bags order in the range of Rs. 1,000-2,500 cr for its buildings & factories business
  • Larsen & Toubro

    23 Jun 2022 , 3:22PM The hydrocarbon division of L&T Energy Hydrocarbon (LTEH) has secured three offshore orders from a prestigious overseas client. The scope of work comprises Engineering, Procurement, Construction, and Installation for various new offshore jacket structures. LTEH has executed orders for this client in the past as well. Although the exact order size has not been mentioned by the company, it falls in the large category and the order value is expected to be between Rs 2,500 – 5,000 crore.
  • L&T wins large contracts for its Hydrocarbon Business

    23 Jun 2022 , 11:37AM L&T bags order worth Rs. 2,500-5,000 crore for its Hydrocarbon business
  • Larsen & Toubro

    22 Jun 2022 , 11:51AM TATA advanced systems, a private sector mobility player in the defence space in India and L&T jointly delivered the 100th Akash Air Force Launcher (AAFL) for the Indian Air Force, developed with the Defence Research and Development Organisation (DRDO). It marks the successful establishment of serial production after completing product development. Since, this is indigenously developed and produced AAFL system, it reinstates the government’s focus on domestic manufacturing and reduce dependency on imports. Therefore, positive read thru for L&T and other defence stocks as well.
  • L&T Construction bags contract for its Water & Effluent Treatment Business

    6 Jun 2022 , 11:22AM L&T Construction bags contract in the range of Rs. 2,500-5,000 cr for its Water & Effluent Treatment Business
  • L&T Construction bags contract for Chennai Metro Rail Project

    30 May 2022 , 10:39AM L&T Construction bags order worth Rs. 1,000-Rs. 2,500 cr from Chennai Metro Rail Project
  • Larsen & Toubro

    17 May 2022 , 9:14AM In a media interaction, L&T’s management has stated that it is aiming to become a ‘zero debt’ company with the sale of its stake in non-core assets and loss-making projects. L&T has identified three entities— Hyderabad Metro, Nabha Power and L&T Infrastructure Development — with an aim to bring down its ₹40,000-crore debt (excluding that of L&T Financial Services). Excluding the three assets, working capital debt is ~Rs20,000 crore. The company has been actively talking to the investors and hopeful of positive development on all the three assets in the near-term. Positive read-thru.
  • L&T Construction secures contract for its Water & Effluent Treatment Business

    13 May 2022 , 10:38AM L&T Construction bags order worth Rs. 1,000-2,500 cr for its water & effluent treatment biz
  • L&T Construction bags orders in the range of Rs 1,000-2,500 Cr

    9 May 2022 , 11:35AM L&T Construction award contracts for its Water & Effluent Treatment Business
  • L&T Construction bags yet another contract in the Bullet Train Project

    5 May 2022 , 12:22PM L&T’s railways business bags bullet train project in the range of Rs. 2,500-5,000 cr from National High-speed Rail Corporation
  • Larsen & Toubro

    2 May 2022 , 12:52PM As per media reports, Larsen and Toubro has been awarded the second track works contract for the supply and construction of the double-line high-speed rail (HSR) between Vadodara and Sabarmati Depot in Gujarat. The project has been awarded by The National High Speed Rail Corporation Limited (NHSRCL) which is responsible for finance, construction, maintenance and management of the High Speed Rail Corridor in India. The value of the contract is approximately Rs 3,141crore. Positive for the stock.
  • L&T signs agreement with IIT Bombay

    26 Apr 2022 , 10:12AM L&T collaborates with IIT Bombay for Green Hydrogen technology development
  • Larsen & Toubro

    19 Apr 2022 , 3:20PM L&T’s international arm of water & effluent treatment business has been awarded a project to construct and commission water supply schemes for various towns in Tanzania. The project is being funded by the EXIM Bank of India. The business has also secured add-on domestic orders from the Uttar Pradesh State Water & Sanitation Mission to implement various rural water supply projects under the Jal Jeevan Mission. The value of the orders is in the range of Rs 1,000-2,500cr. Positive for the stock
  • L&T bags order for water & effluent treatment business

    19 Apr 2022 , 2:32PM L&T bags order worth Rs. 1,000-2,500 cr for water & effluent treatment business
  • L&T Construction bags order in the range of Rs. 1,000-2,500 cr

    7 Apr 2022 , 11:21AM L&T Construction award contracts for its various businesses
  • L&T construction bags orders in the range of Rs. 1,000-2,500 cr

    6 Apr 2022 , 10:35AM L&T Construction awarded contracts for its Buildings & Factories Business
  • Larsen & Toubro

    5 Apr 2022 , 2:05PM Larsen & Toubro (L&T): L&T’s transportation infrastructure business has secured orders amounting to Rs 1,000-2,500crore. These orders include construction of a six-lane greenfield highway from the Tamil Nadu Road Infrastructure Development Corporation. Further, its Railways and Power Transmission & Distribution businesses have won an EPC order from the Uttar Pradesh Metro Rail Corporation (UPMRCL).
  • L&T bags order worth Rs. 1,000-2,500 cr for transportation infra biz

    5 Apr 2022 , 10:44AM L&T Construction bags contract for its Transportation Infrastructure Business
  • IOCL, L&T

    4 Apr 2022 , 12:12PM Indian Oil Corporation, L&T and ReNew Power has announced to form a joint venture for development of green hydrogen business and all three companies would have equal stake in the JV. IOCL and L&T would also form a separate JV to manufacture Electrolyzers. Long term positive for IOCL as it would help in transition towards clean energy.
  • L&T board approves long-term borrowings up to Rs 10,000 crore

    24 Mar 2022 , 2:27PM Larsen & Toubro approves long-term borrowings of as much as Rs 10,000 crore
  • L&T board approves long-term borrowings up to Rs 10,000 crore

    24 Mar 2022 , 2:27PM Larsen & Toubro approves long-term borrowings of as much as Rs 10,000 crore
  • L&T board to mull fund raising on 24 Mar

    22 Mar 2022 , 10:34AM L&T in focus as board seeks fundraising approval
  • L&T Construction bags contracts for its Power Transmission and Distribution Business

    15 Mar 2022 , 11:38AM L&T Construction bags contracts in the range of Rs. 1,000-2,500 cr for its Power Transmission and Distribution Business
  • Larsen & Toubro

    15 Mar 2022 , 10:42AM L&T bagged an EPC project for design and construction of the Dhanki-Navda Bulk Pipeline project from Gujarat Water Infrastructure (GWIL). Further, it has been awarded a project for installation of water distribution network and large meter connections in Dubai. These orders are classified as significant orders ranging between Rs 1,000-2,500cr. Positive for the stock.
  • L&T Construction bags contract for its Water & Effluent Treatment Business

    14 Mar 2022 , 12:15PM L&T Construction win orders in the range of Rs. 1,000-2,500 cr for its Water & Effluent Treatment Business
  • Larsen & Toubro

    11 Mar 2022 , 12:12PM L&T has secured significant orders in the range of Rs 1,000-2,500cr. The orders include an EPC order from IRCON International for railway electrification, construction of a food processing facility in Gujarat, India and expansion of a super specialty hospital in Kolkata. Positive for the stock.
  • Viewpoint: Shoppers Stop

    10 Mar 2022 , 11:22AM Viewpoint: Shoppers Stop – Strategic pillars to drive strong growth ahead
  • L&T Construction gets order in the range of Rs. 1,000-2,500 cr

    10 Mar 2022 , 11:01AM L&T Construction bags contract for its various business
  • L&T bags order in the range of Rs. 1,000-2,500 cr

    9 Mar 2022 , 10:58AM L&T bags order for its heavy civil infrastructure business
  • Larsen & Toubro

    8 Mar 2022 , 11:06AM L&T has launched an integrated e-commerce platform called L&T-SuFin for B2B industrial products and services. The company says that this marketplace will enable Micro, Small & Medium Enterprises (MSMEs) to source industrial goods and services in a cost- effective manner. Positive for the stock.
  • L&T launches L&T-SuFin

    7 Mar 2022 , 2:28PM L&T launches L&T-SuFin, a B2B e-commerce platform for MSMEs
  • Larsen & Toubro

    4 Mar 2022 , 11:23AM Larsen & Toubro Ltd (L&T) and Tamco Switchgear (Malaysia) have filed a patent application for a jointly developed switchgear panel structure. The companies’ customers include cement producers in Malaysia.
  • L&T secures two offshore projects from a prestigious overseas client

    10 Feb 2022 , 11:31AM L&T bags order worth Rs. 1,000 to Rs. 2,500 cr for two offshore projects
  • L&T Construction award contracts for its Buildings and Factories Business

    9 Feb 2022 , 11:33AM L&T Construction gets contracts in the range of 1,000-2,500 cr from Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT parks at 8 locations
  • L&T, Microsoft tie up for Cloud computing, infra services

    7 Feb 2022 , 2:09PM Firms to set up a joint governance group to define platform designs, investments, and commercial and business models to service technology requirements of regulated sector
  • L&T signs MoU with HydrogenPro for manufacturing Hydrogen Electrolysers in India

    27 Jan 2022 , 2:06PM L&T signs MoU with Norway-based company, HydrogenPro for manufacturing Hydrogen Electrolysers in India
  • L&T Hydrocarbon gets two offshore orders from an overseas client

    12 Jan 2022 , 12:52PM A consortium led by L&T Hydrocarbon, an arm of L&T, bags two offshore orders from an overseas client, worth over Rs. 7,000 cr
  • L&T Heavy Engineering dispatches Mega Tubular Reactors

    11 Jan 2022 , 12:19PM L&T dispatches two Ethylene Oxide Reactors from Hazira to a petchem complex overseas
  • L&T Construction bags order in the range of Rs 1,000-2,500 cr

    10 Jan 2022 , 11:42AM L&T Construction award contract for its Heavy Civil Infrastructure Business
  • L&T bags orders worth Rs 2,500-5,000 cr from Dept of Water Supply & Sanitation, Punjab

    6 Jan 2022 , 11:16AM L&T Construction award contracts worth Rs. 2,500-5,000 cr for its water & effluent treatment biz
  • L&T construction bags order from Delhi Metro Rail Corporation

    4 Jan 2022 , 11:22AM L&T Construction award Rs. 1,000 to 2,500 cr contract for its Heavy Civil Infrastructure Business
  • Larsen & Toubro

    30 Dec 2021 , 9:50AM L&T Metro Rail Hyderabad Ltd (100% subsidiary of L&T) has raised Rs 13,119 crore by selling bonds and commercial papers (CPs). Bonds were sold in three tranches collectively for Rs 2,872 crore each with cost ranging ~6.37-6.68%. The average cost of debt is said to be around 200bps lower than existing debt of subsidiary. Positive\
  • L&T Construction bags contract in the range of Rs. 1,000-2,500 cr

    22 Dec 2021 , 12:35PM L&T Construction award contract for its buildings and factories business
  • L&T wins large contracts for water & effluent treatment biz

    15 Dec 2021 , 11:05AM L&T Construction award contracts for its Water & Effluent Treatment Business
  • L&T's construction arm wins large order from Odisha Govt

    14 Dec 2021 , 10:53AM L&T Construction bags contract for its Buildings a Factories Business
  • Larsen & Toubro

    8 Dec 2021 , 3:38PM Larsen and Toubro: As per media reports, L&T has signed an agreement with the Saudi Arabian Oil Company Aramco to develop manufacturing capabilities in Saudi Arabia. Positive for the stock.
  • L&T enters into distribution agreement with Kemroc

    3 Dec 2021 , 2:44PM L&T and Kemroc ink pact to distribute latter's cutting-edge products in India
  • Larsen & Toubro

    3 Dec 2021 , 10:59AM During yesterday’s market hours, the company, and ReNew Power announced a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India. Positive for the stock.
  • L&T, ReNew announce partnership to focus on the Green Hydrogen business in India

    2 Dec 2021 , 12:20PM L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India
  • L&T inks MoU with Govt. of Tamil Nadu

    24 Nov 2021 , 10:18AM L&T signs MoU with Tamil Nadu government to build a Data Centre at Kahnchipuram
  • Larsen & Toubro

    18 Oct 2021 , 10:45AM The company, marking its entry into the virtual learning, announced the launch of L&T EduTech – a new industry-led, application-based, practical oriented learning platform, strongly rooted in technology. Positive for the stock.
  • L&T Construction

    12 Oct 2021 , 12:51PM L&T Construction has secured significant (Rs. 1000 cr to Rs. 2500 cr) orders for its various businesses 1) The Metallurgical a Material Handling (MMH) Business has secured an order to set up Coke Oven, By Product and Coke Dry Quenching plants. The MMH Business has also secured new orders in the mining sector for its Products Business and add-on orders from its existing customers. 2) The Buildings & Factories business has won an order from a prestigious client for construction of office space at Hyderabad with an approximate built-up area of 20 Lakhs Sq. ft on fast-track timelines, scheduled to be completed in 14 months. 3) The Water & Effluent Treatment business has bagged an order from Indian Oil Corporation Limited (IOCL) to construct a Demineralization Plant, ETP and allied facilities for its Barauni Refinery in Bihar. 4) L&T GeoStructure Pvt Ltd. (LTGS), a wholly owned subsidiary of L&T, has bagged a strategic order from the Department of Water Resources, Government of Odisha, for the construction of 1 km long, 1000 mm thick plastic concrete cut-off wall for the Kanupur Irrigation Project at Keonjhar District, Odisha. Positive for the stock.
  • L&T Construction bags orders in the range of Rs. 1,000-2,500 cr

    12 Oct 2021 , 11:26AM L&T Construction bags significant orders for its various businesses
  • Larsen & Toubro

    21 Sep 2021 , 12:58PM L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of L&T, has bagged two orders in the Construction Services segment - one each from GAIL India and Air Products Middle East Industrial Gases LLC. The first order is for GAIL India's Mumbai-Nagpur Pipeline under which the company will be responsible for laying steel gas pipeline (24" x 224 KM) - Section 1 of Part A and construction of terminals along with associated facilities. The pipeline project has a schedule of 14 months. LTHE's second order comes from Air Products Middle East Industrial Gases LLC for its Industrial Gas Hub (IGH) Network project at Jubail, KSA. Under the contract, the company will construct steam methane reformer (SMR) to produce hydrogen, an air separation unit (ASU) to produce oxygen and nitrogen, and hydrogen pressure swing adsorption (PSA) units. The overall duration of the project is 22 months. Positive for the stock.
  • L&T secures order in the Construction Services segment

    21 Sep 2021 , 10:59AM L&T bags order in the range of Rs. 1,000-2,500 cr in the construction services segment
  • L&T Hydrocarbon wins order from Petronet LNG

    20 Sep 2021 , 10:35AM L&T Hydrocarbon bags order in the range of Rs 1,000-2,500 cr
  • Larsen & Toubro

    7 Sep 2021 , 1:50PM The construction arm of L&T has secured a significant order (Rs. 1000 crore to Rs. 2500 crore) for its Water a Effluent Treatment business in India. The business has won an order from a state-utility organization to implement rural water supply projects providing Functional House Tap Connections (FHTC) under the Jal Jeevan Mission. It has to implement rural water supply projects to provide potable water to 800 villages. The scope comprises Tube Wells, Pump Houses cum Chlorination Rooms, Overhead Tanks, Treatment Systems, Solar Plants, Rising Main a Distribution Pipeline Network, Staff Quarters, Individual House Connections, etc. Including allied Electromechanical a Automation works. Positive for the stock.
  • L&T Construction bags contract for its water effluent treatment business

    7 Sep 2021 , 10:55AM L&T Construction bags contract in the range of Rs. 1,000-2,500 cr for its water effluent treatment business
  • L&T concludes divestment of hydroelectric power plant

    31 Aug 2021 , 10:52AM L&T concludes the divestment of 99 MW Hydro Power Plant with Renew Power
  • Larsen & Toubro

    31 Aug 2021 , 9:43AM The Company has completed the sale of its entire stake in L&T Uttaranchal Hydropower to ReNew Power Services consequent to completion of customary conditions precedent, agreed under the Securities Purchase Agreement dated August 11, 2021. Positive for the stock.
  • Larsen & Toubro

    30 Aug 2021 , 11:10AM L&T Construction, the construction arm of L&T has won significant (value in Rs. 1000 crore to 2500 crore) orders in India and abroad for its various businesses. 1) Buildings a Factories business has secured an order to construct Multilevel Parking and Advocates Chamber for Allahabad High Court with an approximate built-up area of 20 Lakhs Sq. ft. The project is scheduled to be completed in 27 months. 2) Power Transmission & Distribution business has bagged an order for the turnkey construction of a substation in Saudi Arabia. 3) Smart World & Communication business has bagged another Smart City project. The project has been awarded by the Moradabad Smart City Limited to Design, Develop, Implement, and Manage the Operations & Maintenance of a Command-and-Control Centre (CCC), CCTV Surveillance, Smart Traffic Solutions, and to integrate various ICT components with an Integrated Command and Control Center Platform (ICCC) for Moradabad, Uttar Pradesh. Positive for the stock.
  • Larsen & Toubro

    25 Aug 2021 , 9:45AM As per media reports, National Investment and Infrastructure Fund (NIIF) is in advanced negotiations with Larsen and Toubro to invest up to Rs. 4,000 crore in Hyderabad Metro, a loss making investment of L&T. Positive for the stock.
  • Larsen & Toubro

    13 Aug 2021 , 10:20AM The Heavy Engineering arm of LT has won all order for Oxidation Reactor from Technip Energies-India against stiff global competition. This order for the technologically critical Titanium Clad Reactor is for a Public Sector Petrochemical project for Purified Terephthalic Acid plant. The scope of supply involves Design, Material Procurement, fabrication, inspection and testing of Reactor meeting the Licensors stringent quality requirements. LT Heavy Engineering developed the technology for titanium clad equipment fabrication inhouse conforming to global standards of quality. This Critical Reactor is built to precision tolerances considering the exposure to severe corrosive atmosphere and dynamic loading during service. This order marks opening of multiple avenues for LT Heavy Engineering for critical Titanium Clad Reactors in both Domestic and Global markets. We have a Buy rating on LT.
  • L&T to sell entire stake in a hydel power project to Renew Power

    11 Aug 2021 , 12:03PM L&T signs agreement to divest Singoli-Bhatwari Hydroelectric Project
  • Larsen & Toubro

    28 Jul 2021 , 9:37AM The Board of Directors of Larsen & Toubro Limited at its Meeting held on July 26, 2021, have considered and approved a Scheme of Arrangement for amalgamation of L&T Hydrocarbon Engineering Limited a Wholly-owned Subsidiary of the Company. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal/other regulatory authority and the respective Shareholders and Lenders/Creditors of each of the companies involved in the Scheme. The Amalgamation will bring in synergy in operations and improve organizational capability arising from pooling of human capital with diverse skills and talent. The proposed amalgamation will also enhance the financial capability to bid for larger projects and improve the cost competitiveness. We have a Buy rating on Larsen & Toubro.
  • Stock update: Larsen & Toubro (L&T) Result update

    27 Jul 2021 , 9:57AM Stock update: Larsen & Toubro (L&T) Result update - Resilient quarter; Healthy outlook
  • Larsen & Toubro

    22 Jul 2021 , 9:30AM The government issued a Request for Proposal (RPF) to the two selected Indian Strategic Partners (SP) on Tuesday to initiate the formal process for building six conventional submarines indigenously under the Project 75 India or P-75I. The two Indian shortlisted companies are Mazagon Dock Shipbuilders Limited (MDL) and Larsen & Toubro (L&T), who will have to bid for the project in partnership with one each of the five foreign Original Equipment Manufacturers (OEM). The foreign OEMs will be the technology partner in the SP Model. Foreign OEMs will enable SP for construction of submarines, achieving high levels of indigenization, and (Transfer of Technology) for various technologies. The Defence Acquisition Council had approved the issuing of the RFP on June 4. The project is worth Rs 43,000 crore and will be the first, across services, under the strategic partnership model, which was promulgated in 2017 to boost indigenous defence manufacturing. We have a Buy rating on Larsen & Toubro.
  • Larsen & Toubro

    19 Jul 2021 , 11:17AM : L&T Construction, the construction arm of L&T has won orders in the range of Rs 1,000-2,500 crs in India and abroad for its various businesses. The Power Transmission and Distribution Business has won an order to construct a 220kV Transmission Line associated with system strengthening in the Ladakh region. The design and execution of this system involves traversing avalanche prone, hilly terrains and ice loading of conductors. Another turnkey order has been received for urban power distribution in Ayodhya city under the Integrated Power Development Scheme. In Dubai city, an order to design, supply, construct, install, test, and commission a 132/11kV substation with associated cable works has been received. Additionally, two transmission line packages have been secured in Africa. A package involving supply and construction of a new Gas Insulated Substation and associated substation extensions has been won in Thailand. These works will enhance the transmission system security and support the rising demand for electricity in the upper northern parts of the country. The Factories business has secured an order from a leading cement manufacturer in India to construct a 1.8 MTPA Grinding Unit in Dolvi, Maharashtra. The scope involves Civil, Mechanical and Equipment Installation works. We have a Buy rating on the company.
  • L&T Construction bags order in the range of Rs 1,000-2,500 cr

    19 Jul 2021 , 10:13AM L&T Construction award contracts for its various businesses
  • Larsen & Toubro

    2 Jul 2021 , 11:55AM Larsen & Toubro: The Company has completed the transfer of its digital transformation business L&T-NxT (NxT Digital Business) to Mindtree Limited. The transfer is effective from July 1, 2021, consequent to completion of customary conditions precedent, between the Company and Mindtree Limited.
  • L&T completes transfer of NxT digital business to Mindtree

    2 Jul 2021 , 10:17AM Update on Sale of NxT Digital Business to Mindtree
  • Larsen & Toubro

    1 Jul 2021 , 10:49AM The construction arm of L&T has secured orders from prestigious clients for its various businesses in India. The Water & Effluent Treatment business has won a repeat order from the Uttar Pradesh State Water & Sanitation Mission (SWSM) to implement rural water supply projects providing Functional House Tap Connection (FHTC) under the Jal Jeevan Mission. The business has been entrusted to implement rural water supply projects to provide potable water to 1285 villages in the Varanasi and Ghazipur Districts of Varanasi Revenue Division. The scope comprises Tube Wells, Pump Houses cum Chlorination Rooms, Overhead Tanks, Treatment Systems, Solar Plants, Rising Main & Distribution Pipeline Network, Staff Quarters, Individual House Connections, etc. including allied Electromechanical & Automation works. The Business is already executing Water Supply Schemes in Mahoba, Banda, Chitrakhoot and Sonbhadra Gonda, Balrampur and Shravasti Districts for the State Water & Sanitation Mission, Govt. of Uttar Pradesh. The Buildings Et Factories business has secured an order from a reputed developer to construct residential towers in Mumbai's suburb of Mulund. The scope of the work includes construction of the civil structure including waterproofing, masonry and plastering for 7 residential towers with a built-up area of 4.3 million square feet comprising a basement, ground plus 55 Floors. The Project is to be executed within stringent timelines.
  • L&T Construction bags orders in the range of Rs. 1,000-2,500 cr

    1 Jul 2021 , 10:45AM L&T Construction bags contracts for its various businesses
  • L&T wins orders in the range of Rs. 1,000-2,500 cr

    7 Jun 2021 , 12:57PM L&T Construction award contracts for its various Businesses
  • Larsen and Toubro: Result Update Q4FY21

    17 May 2021 , 10:45AM Larsen and Toubro: Result Update Q4FY21 – Recovery delayed not derailed; Retain Buy
  • L&T Construction wins orders in the range of Rs. 2,500-5,000 crore

    14 May 2021 , 10:26AM L&T Construction award contracts for its Heavy Civil Infrastructure Business
  • L&T Construction secures contract to Design and Build one of the world's largest Oil & Gas Supply Bases

    22 Apr 2021 , 10:16AM L&T Construction bags order in the range of Rs. 1,000-2,500 cr to design & build one of the world's largest oil & gas supply bases
  • L&T Construction award contracts for its various businesses

    16 Apr 2021 , 10:54AM L&T Construction get orders in the range of Rs 1,000-2,500 cr for its various businesses
  • Larsen & Toubro

    16 Apr 2021 , 10:15AM L&T construction secured orders in the range of Rs 1000-2500 crore for its various businesses- Positive
  • Larsen & Toubro

    15 Apr 2021 , 2:07PM The Heavy Engineering arm of L&T has won orders in the range of Rs 1000-2500 crore for its various business segments in Q4FY21- Positive
  • L&T Heavy Engg bags order in the range of Rs. 1,000-2,500 cr

    15 Apr 2021 , 11:16AM L&T Heavy Engineering secures significant contracts in Q4
  • L&T begins constructing the 300MW solar plant in Saudi Arabia

    13 Apr 2021 , 12:25PM L&T's Power Transmission and Distribution Business bags go-ahead to begin constructing the 300MW
  • L&T's renewables arm bags EPC order in the range of Rs. 5,000-7,000 cr for solar unit

    9 Apr 2021 , 2:27PM L&T Construction secures green EPC Order to establish one of the World’s Largest Solar PV Plants by Capacity
  • L&T Construction wins order in the range of Rs. 1,000-2,500 crore

    30 Mar 2021 , 2:09PM L&T Construction award prestigious contracts for its Various Businesses
  • Larsen & Toubro

    16 Mar 2021 , 2:13PM L&T construction has secured orders in the range of Rs 1000-2500 crore from its various businesses-Positive read through
  • L&T construction arm bags significant orders

    16 Mar 2021 , 12:21PM L&T Construction bags orders in the range of Rs 1,000-2,500 crore
  • L&T: Stock Update

    23 Feb 2021 , 11:01AM L&T: Stock Update – Multiple paths to growth; Re-iterate Buy
  • Larsen & Toubro

    22 Feb 2021 , 2:37PM L&T: The company has secured contracts in the range of Rs 2500-5000 crore for its Power Transmission & Distribution Business - Positive read through
  • L&T wins new orders for its power transmission & distribution business

    22 Feb 2021 , 2:13PM L&T Construction wins order worth Rs. 2,500-5,000 crore for its power transmission & distribution biz
  • L&T Construction bags contract to build two units of Kudankulam Nuclear Power Project

    18 Feb 2021 , 11:34AM L&T Construction awarded contract in the range of Rs. 1,000-2,500 cr to build two units of Kudankulam Nuclear Power Project
  • L&T Construction bags contract for its Transportation Infrastructure Business

    11 Feb 2021 , 2:06PM L&T Construction bags orders in the range of Rs. 1,000-2,500 cr for Transportation Infrastructure business
  • L&T –Q3FY2021 Results Update

    27 Jan 2021 , 12:34PM L&T –Q3FY2021 Results Update: Gaining traction with improving macros
  • Larsen & Toubro

    20 Jan 2021 , 12:21PM L&T construction has secured orders in the range of Rs 2500-5000 crore from for its Power Transmission & Distribution Business in Bangladesh-Positive read through.
  • L&T Construction wins contract for its Power Transmission & Distribution Business in Bangladesh

    20 Jan 2021 , 11:31AM L&T Construction wins contracts in the range of Rs. 2,500-5,000 crore for its Power Transmission & Distribution Business in Bangladesh
  • L&T Construction wins contract from Rail Vikas Nigam Ltd

    18 Jan 2021 , 10:18AM L&T Construction wins order in the range of Rs. 2,500-5,000 crore from Rail Vikas Nigam
  • Larsen & Toubro

    18 Jan 2021 , 10:09AM The company has secured order in the range of Rs 2,500-5,000 crore for its Heavy Civil Infrastructure business from Rail Vikas Nigam Limited for Package 4 of the New Broad-Gauge Line between Rishikesh and Karanprayag in the State of Uttarakhand, India- Positive read through
  • Larsen & Toubro

    14 Jan 2021 , 2:10PM L&T construction has secured orders in the range of Rs 1000-2500 crore from its various businesses-Positive read through
  • L&T Construction award contracts for its various businesses

    14 Jan 2021 , 10:58AM L&T's arm bags orders worth Rs. 1,000-2,500 cr for various businesses
  • Larsen & Toubro

    13 Jan 2021 , 12:54PM L&T construction has secured orders in the range of Rs 1000-2500 crore from its various customers-Positive read through
  • L&T Hydrocarbon gets offshore contract from ONGC

    7 Jan 2021 , 11:20AM L&T Hydrocarbon Engg bags offshore contract from ONGC worth Rs. 2,500-5,000 crore
  • Larsen & Toubro

    4 Jan 2021 , 2:03PM The company’s subsidiary L&T Hydrocarbon Engineering has bagged orders above >Rs 7000 crore for EPCC Contract for Dual Feed Cracker from HPCL Rajasthan Refinery Limited, a joint venture between Hindustan Petroleum Corporation and Government of Rajasthan -Positive read through
  • L&T engineering arm bags over Rs. 7K cr refinery project in Rajasthan

    4 Jan 2021 , 12:36PM L&T Hydrocarbon Engineering wins (Mega) EPCC Contract for Dual Feed Cracker Unit (DFCU) from HRRL
  • L&T

    4 Jan 2021 , 9:59AM As per media news, L&T has emerged as lowest bidder for a tunneling work on the ongoing 125 km long Rishikesh-Karnaprayag railway line(Package-4) in Uttarakhand, that has 12 stations on the route. The cost of the project is approximately Rs 3852.48 crore and the project is slated to be completed within five years and the overall components of work include the construction of tunnels, construction shaft and other ancillary works- Positive
  • L&T Construction bags orders worth Rs. 1,000-2,500 crore

    31 Dec 2020 , 11:32AM Orders are in power T&D and water treatment businesses
  • L&T

    23 Dec 2020 , 3:03PM L&T Construction has been awarded Large contracts (Rs. 2500-5000 crore size) for its water & effluent treatment business. The water effluent treatment business has secured multiple EPC orders for the execution of rural piped water supply schemes in various districts of Madhya Pradesh. The projects are part of Jal Jeevan Mission. The schemes will cater to the drinking water requirement of 3103 villages covering a population of 48 Lakhs. The business has also secured an order to execute Integrated Infrastructure Development Works at Gwalior. Positive for L&T.
  • Larsen & Toubro

    23 Dec 2020 , 3:01PM L&T Construction has been awarded Large contracts (Rs. 2500-5000 crore size) for its water & effluent treatment business. The water effluent treatment business has secured multiple EPC orders for the execution of rural piped water supply schemes in various districts of Madhya Pradesh. The projects are part of Jal Jeevan Mission. The schemes will cater to the drinking water requirement of 3103 villages covering a population of 48 Lakhs. The business has also secured an order to execute Integrated Infrastructure Development Works at Gwalior. Positive for L&T.
  • L&T Construction awarded contract for its Water & Effluent treatment business

    23 Dec 2020 , 1:58PM L&T Construction bags contracts in the range of Rs. 2,500-5,000 cr for its water effluent treatment business
  • L&T: Stock update

    21 Dec 2020 , 2:10PM L&T: Stock update- Gaining momentum; Re-iterate Buy
  • L&T

    21 Dec 2020 , 9:53AM As per media news, L&T -IHI Infrastructure Systems Consortium has emerged as the lowest bidder for the procurement and fabrication of 28 steel bridges for crossing over lines, rivers, highways and other structures for the 508 km Mumbai-Ahmedabad High Speed Rail project. Among the four bidders were Tata Projects Ltd, Afcons Infrastructure Ltd, NCC Ltd and L&T- IHI Infrastructure Systems Consortium- Positive read through
  • L&T

    18 Dec 2020 , 10:39AM L&T: As per media news, L&T has emerged as lowest bidder for two tenders floated by HPCL Rajasthan Refinery worth Rs 13,000 crore. - Positive
  • L&T

    17 Dec 2020 , 9:57AM As per media news National High Speed Rail Corporation signed second contract agreement with L&T for design-construction of 88 km of viaducts between Vadodara-Ahmedabad, including construction of elevated HSR station at Anand/Nadiad, for Mumbai- Ahmedabad High Speed Rail- Positive read through.
  • Larsen & Toubro

    14 Dec 2020 , 3:21PM L&T construction has bagged orders in the range of Rs 1000-2500 crore for its various businesses-Positive read through
  • L&T bags order from prestigious clients

    14 Dec 2020 , 2:38PM L&T Construction bags contracts in the range of Rs. 1,000-2,500 cr for various businesses
  • Larsen & Toubro

    14 Dec 2020 , 10:37AM As per media news, L&T has emerged as lowest bidder in three projects 1) Heavy Civil Infrastructure business to construct the Main Plant of Kudankulam 5&6 units 2) construction of the first 7.955 km elevated section of Chennai Metro’s new 26.09 km Line-4 3) L&T Hydrocarbon Engineering has emerged as the lowest bidder for ONGC’s New Living Quarters & Revamp at Neelam Quarter Complex Project- Positive read through
  • L&T wins multiple orders for Construction and Mining Equipment Business

    11 Dec 2020 , 3:28PM L&T secure multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries
  • L&T wins multiple orders for Construction and Mining Equipment Business

    7 Dec 2020 , 3:30PM L&T secures multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries
  • Larsen & Toubro

    3 Dec 2020 , 12:25PM The real estate business of Larsen and Toubro has launched North Towers at its unique residential project - Seawoods Residences in Navi Mumbai. The project has drawn strong interest from homebuyers with over 300 expression of interest received within the first two weeks. Positive for the stock.
  • Larsen & Toubro

    3 Dec 2020 , 11:47AM The company yesterday during market hours announced divestment of its UK-based integrated marine automation solutions provider Servowatch Systems to Rolls-Royce at an EV of Rs. 88.8 crore. Servowatch Sytems revenues stood at Rs. 50.42 crore in FY2020 (0.03% of L&T’s consolidated FY2020 revenue).
  • L&T signs agreement with Rolls-Royce

    2 Dec 2020 , 2:20PM L&T signs agreement to divest UK Unit Servowatch Systems to Rolls-Royce
  • Larsen & Toubro

    27 Nov 2020 , 10:43AM As per media news, The National High Speed Rail Corporation Limited (NHSRCL) has signed a contract for the design and construction of 47% alignment for the Mumbai-Ahmedabad bullet train project- Positive
  • Stock Update- L&T

    26 Nov 2020 , 10:09AM Stock Update- L&T- Order inflow gaining traction; Re-iterate Buy
  • L&T Construction

    25 Nov 2020 , 12:17PM L&T construction has bagged orders in the range of Rs 2500-5000 crore for the construction of longest road bridge(19.3 km) across river Brahmaputra connecting Dhubri in Assam to Phulbari in Meghalaya-Positive read through
  • L&T Construction bags large contract in the range of Rs. 2,500-5,000 cr

    25 Nov 2020 , 9:55AM L&T Construction awarded large contract to build India's longest river bridge
  • L&T bags another Mega contract from NHSRCL

    19 Nov 2020 , 10:33AM L&T Construction bags contract of more than Rs 7,000 cr to build India’s first High-Speed rail corridor
  • Larsen & Toubro

    18 Nov 2020 , 2:04PM L&T: The company’s Construction and Mining Equipment businesses has secured orders (value not quantified) to supply 46 units of Komatsu Mining Equipment to Tata Steel
  • L&T bags order from Tata Steel

    18 Nov 2020 , 12:07PM L&T award biggest order ever for its Construction and Mining Equipment Businesses
  • L&T delivers India's first launch hardware

    17 Nov 2020 , 3:03PM L&T delivers India's first launch hardware for Gaganyaan Mission despite COVID-19 restrictions
  • L&T bags order in the range of Rs. 1,000-2,500 crore

    11 Nov 2020 , 2:48PM L&T secures order from prestigious clients for two of its businesses
  • Larsen & Toubro

    10 Nov 2020 , 10:13AM As per media news L&T emerged as the lowest bidder for India’s longest bridge (19.3 km four lane bridge) to be built across Brahmaputra connecting Dhubri in Assam to Phulbari in Meghalaya by quoting a cost of Rs 3166 crore. Other competitors were SP Singhla Construction-Positive read through
  • Larsen & Toubro

    3 Nov 2020 , 10:13AM As per media news, L&T has emerged as the lowest bidder for the Rs 7289 crore package connecting Vadodara with Ahmedabad, in the upcoming Mumbai-Ahmedabad high speed rail project. Earlier the company had won Rs 24,985 crore package in the same project –Positive read through for L&T.
  • Stock Update – L&T Q2FY2021 Results Review

    30 Oct 2020 , 10:59AM Stock Update – L&T Q2FY2021 Results Review– Operationally in-line quarter; Healthy outlook ahead
  • L&T Q2FY2021 consolidated results

    29 Oct 2020 , 10:47AM L&T Q2FY2021 consolidated results – An operationally in-line quarter
  • L&T bags mega order from NHRCL

    29 Oct 2020 , 10:16AM L&T Construction bags contract worth over Rs. 7,000 crore to build India's first High-Speed Rail Corridor
  • Larsen & Toubro

    26 Oct 2020 , 10:05AM The company to consider and approve special dividend at its board meeting on October 28. The record date for the same has been set at November 5, 2020 if declared-Positive for the stock
  • Larsen & Toubro

    21 Oct 2020 , 10:45AM L&T Construction bags orders in the range of Rs 2,500-5000 crore for its various businesses - Positive read thru
  • L&T bags contracts in the range of Rs. 2,500-5,000 crore

    21 Oct 2020 , 10:34AM The construction arm of L&T has secured orders from prestigious clients
  • Larsen & Toubro

    20 Oct 2020 , 12:25PM L&T - Key highlights from L&T interaction with regard to Hyderabad metro project
  • Larsen & Toubro

    20 Oct 2020 , 10:39AM As per media news L&T has emerged as the lowest bidder for High speed rail line between Mumbai and Ahmedabad. The company bid for Rs 24,985 crore for the 237.1 km stretch beating two other bidders consortium comprising Tata projects JKumar Infra and NCC Ltd, and other comprising of Afcon infrastructure, Ircon International and JMC projects- Positive read through for L&T
  • Larsen & Toubro

    5 Oct 2020 , 12:51PM L&T construction bags orders for its various businesses in the range of Rs 1,000-2,500 crore - Positive read thru
  • L&T Construction bags contract for its various businesses

    5 Oct 2020 , 10:20AM L&T Construction bags contracts in the range of Rs. 1,000-2,500 crore for its various businesses
  • L&T announces 100% completion & readiness

    21 Sep 2020 , 3:25PM L&T commences commissioning of the plant today, transmission lines to get charged in about a month
  • Larsen & Toubro

    17 Sep 2020 , 11:49AM L&T Construction bags orders for its Metallurgical and Material Handling Business in the range of Rs 1,000-2,500 crore - Positive read thru
  • L&T Construction secures order from Northern Coalfields

    17 Sep 2020 , 11:01AM L&T Construction bags Rs. 1,000-2,500 crore contract for its Metallurgical & Material Handling business
  • Larsen & Toubro

    14 Sep 2020 , 12:29PM L&T construction bags orders for its various businesses in the range of Rs 1,000-2,500 crore - Positive read thru
  • L&T Construction gets contract for its various businesses

    14 Sep 2020 , 9:58AM Construction arm of L&T bags orders worth Rs. 1,000-2,500 crore for its varied businesses
  • Larsen & Toubro

    7 Sep 2020 , 1:53PM L&T construction bags orders for its power transmission & distribution business in the range of Rs 2,500-5,000 crore - Positive read thru
  • L&T Construction bags contract for its power transmission & distribution biz

    7 Sep 2020 , 9:55AM L&T Construction bags order in the range of Rs. 2,500-5,000 cr for its power transmission & distribution biz
  • Larsen & Toubro

    4 Sep 2020 , 11:59AM L&T defence bags orders from Ministry of Defence in the range of Rs 1,000-2,500 crore for the Supply of four Regiments of Pinaka Weapon Systems- Positive read thru
  • L&T gets contract from Ministry of Defence

    4 Sep 2020 , 10:52AM L&T Defence gets order in the range of Rs 1,000-2,500 cr from Ministry of Defence
  • BEML, L&T

    1 Sep 2020 , 9:18AM The Defence Ministry signed contracts with BEML, Tata Aerospace and Defence and L&T to supply of six pinaka regiments to regiment of artillery of the Indian Army at an approx cost of Rs 2580 crore. Of this BEML is slated to have bagged Rs 842 crores of order for supply of 330 High Mobility Vehicles (highly rugged BEML truck) for Pinaka Project, a multi-barrel rocket launcher from the Ministry of Defence. The BEML will be manufacturing vehicles from its Kerala facility and supply the vehicles in a span of three years. Further L&T also announced completion of the sale of its electrical and automation (E&A) business to Schneider Electric valued at Rs 14000 crore in an all cash deal and indicated that it will be using the cash for long capital allocation decisions– Positive read through for BEML and L&T.
  • Larsen & Toubro

    31 Aug 2020 , 10:43AM L&T: Stock Update – Well-prepared for Defence opportunities
  • Larsen & Toubro

    20 Aug 2020 , 11:56AM L&T Hydrocarbon Engineering( LTHE) a wholly-owned subsidiary of L&T, has signed a memorandum of understanding (MoU) with NTPC wherein LTHE shall be the Engineering, Procurement and Construction Management partner to build CO2 to Methanol demonstration Plant in NTPC Power Station. Under this MOU, LTHE and NTPC will further collaborate to accelerate the development and subsequently commercialize CO2 to Methanol plants- Positive
  • L&T Hydrocarbon Engineering signs MoU with NTPC

    20 Aug 2020 , 10:03AM L&T Hydrocarbon Engineering inks MoU with NTPC for CO2 to Methanol plants
  • Larsen & Toubro

    13 Aug 2020 , 4:07PM L&T Construction bags orders in the range of Rs 1,000-2,500 crore for its various business- Positive read thru
  • L&T:Q1FY21 result -Stock Update

    24 Jul 2020 , 11:11AM L&T:Q1FY21 result -Stock Update: Resilient performance in unprecedented times
  • Larsen & Toubro

    23 Jul 2020 , 10:09AM L&T consolidated Q1FY21 first cut – Resilient performance in tough times
  • Bharat Electronics, L&T

    14 Jul 2020 , 9:14AM The government is planning to increase FDI in defence to 74% through automatic route (currently at 49%). This is in-line with the government intention to further increase private participation in the sector and if goes through will be considered as long term positive. Positive read through for companies like Bharat Electronics, L&T, Hindustan Aeronautics among other defence companies
  • Larsen & Toubro

    23 Jun 2020 , 1:38PM L&T Construction bags orders in the range of Rs 2,500-5,000 crore for its Transportation Infrastructure and Water & Effluent businesses- Positive read thru
  • L&T secures order from prestigious client

    23 Jun 2020 , 12:44PM L&T Construction bags contract for its various businesses
  • Larsen & Toubro

    22 Jun 2020 , 1:34PM L&T Hydrocarbon Engineering a wholly-owned subsidiary of L&T has signed a memorandum of understanding with KBR to build Modular Process Plants for refinery and petrochemical projects- Positive read thru
  • L&T signs MoU with KBR

    22 Jun 2020 , 10:41AM L&T Hydrocarbon Engineering signs MoU with KBR for Refinery and Petrochemical Projects
  • L&T signs MoU with KBR Refinery

    22 Jun 2020 , 10:34AM L&T Hydrocarbon Engg signs MoU with KBR Refinery & Petchem Projects
  • L&T signs MoU with KBR Refinery

    22 Jun 2020 , 10:31AM L&T Hydrocarbon Engg signs MoU with KBR Refinery & Petchem Projects
  • L&T installs major Cryostat base in France's nuclear fusion project

    9 Jun 2020 , 12:52PM L&T-made major cryostat base installed in world's largest nuclear fusion project in France
  • Larsen & Toubro

    9 Jun 2020 , 11:44AM The Company as per SEBI circular disclosed impact of COVID 19 pandemic on operations of the company. The key highlights are as follows:
  • Larsen & Toubro

    8 Jun 2020 , 11:13AM Larsen and Toubro: Stock Update- Resilient quarter in tough times
  • L&T Construction

    5 Jun 2020 , 12:15PM Larsen & Toubro: L&T Construction bags orders in the range of Rs 2,500-5,000 crore for its Heavy Civil Infrastructure business- Positive read thru
  • L&T gains after construction arm bags contract

    5 Jun 2020 , 12:08PM L&T Construction bags contract for its Heavy Civil Infrastructure Business
  • Larsen & Toubro

    18 May 2020 , 3:24PM The companys’s Intimating of the approval granted by the Board to the Scheme of Amalgamation of L&T Shipbuilding Ltd. with L&T as announced on May 11, 2019 and the effective date of the Amalgamation is May 18, 2020, pursuant to filing of the orders received from the National Company Law Tribunals at Mumbai and Chennai with the respective Registrar of Companies.
  • Larsen & Toubro

    6 May 2020 , 5:56PM The company notifies that it has raised Rs 1450 crore through allotment of listed unsecured redeemable non-convertible debentures which will mature on May 6, 2024.
  • Larsen & Toubro

    27 Apr 2020 , 12:26PM Larsen & Toubro– Strong head start amidst uncertainties
  • Larsen & Toubro

    24 Apr 2020 , 2:04PM PM L&T: As per media reports, below are the key highlights of management’s commentary on Covid-19 situation and crude oil crash.
  • Larsen & Toubro

    24 Apr 2020 , 11:30AM L&T Construction bags contract in the range of Rs 1,000-2,500 crore for Eastern Dedicated Freight Corridor Project- Positive read thru
  • L&T Construction wins significant order in the form of 3 packages

    24 Apr 2020 , 10:41AM L&T Construction secures contract for eastern dedicated freight corridor project
  • Larsen & Toubro

    24 Apr 2020 , 9:48AM L&T has raised Rs 3800 crore through allotment of listed unsecured redeemable non-convertible debentures
  • Larsen & Toubro

    24 Apr 2020 , 9:47AM L&T has raised Rs 3800 crore through allotment of listed unsecured redeemable non-convertible debentures
  • Larsen & Toubro

    24 Apr 2020 , 9:44AM L&T has raised Rs 3800 crore through allotment of listed unsecured redeemable non-convertible debentures
  • Larsen & Toubro

    22 Apr 2020 , 10:57AM L&T Construction bags orders in the range of Rs 1,000-2,500 crore for its Buildings & Factories business - Positive read thru
  • L&T Construction bags contract for its Buildings & Factories Business

    22 Apr 2020 , 9:49AM L&T Construction has secure orders from prestigious clients in India
  • L&T Construction bags order in the range of Rs. 1,000-2,500 crore

    21 Apr 2020 , 11:39AM The construction arm of L&T has secures order from prestigious clients for its varied business
  • Larsen & Toubro

    21 Apr 2020 , 9:56AM L&T has raised Rs 1250 crore through allotment of listed unsecured redeemable non-convertible debentures which will mature in April 2023.
  • L&T Construction

    20 Apr 2020 , 11:28AM L&T Construction bags orders in the range of Rs 1,000-2,500 crore for its Power Transmission & Distribution business - Positive read thru
  • L&T Construction gets contracts for its Power Transmission & Distribution Business

    20 Apr 2020 , 10:21AM L&T Construction’s power transmission and distribution business bags order worth Rs. 1,000-2,500 crore
  • Larsen & Toubro

    17 Apr 2020 , 10:55AM L&T Construction bags orders in the range of Rs 1,000-2,500 crore for its Buildings & Factories Business - Positive read thru
  • L&T Construction secures order from prestigious clients in India

    17 Apr 2020 , 9:41AM Buildings & Factories Business of L&T Construction has secured orders in the range of Rs. 1,000-2,500 crore from clients in India
  • Larsen & Toubro

    16 Apr 2020 , 11:20AM The company’s Heavy Engineering arm has won contracts in the range of Rs 1,000-2,500 cr - Positive read thru
  • L&T wins significant contract in Q4 of FY20

    16 Apr 2020 , 10:34AM Heavy Engineering arm of L&T has win contracts in the range of Rs. 1,000-2,500 crore
  • L&T Construction bags contract for its Heavy Civil Infrastructure Business

    15 Apr 2020 , 9:59AM L&T Construction gets contracts in the range of Rs. 1,000-2,500 crore for its Heavy Civil Infrastructure business
  • L&T Construction award contracts for its Water & Effluent Treatment Business

    13 Apr 2020 , 11:58AM L&T Construction bags orders in the range of Rs. 2,500-5,000 crore for its Water & Effluent Treatment Business
  • Larsen & Toubro

    13 Apr 2020 , 11:33AM L&T Construction bags orders in the range of Rs 2,500-5,000 crore for its Water & Effluent Treatment Business - Positive read thru
  • Larsen & Toubro

    13 Apr 2020 , 11:19AM The company Board approved Long-term borrowing up to Rs 9000 crore, either through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate in its meeting held on April 9, 2020.
  • L&T board nod fund raising

    9 Apr 2020 , 2:17PM L&T board approves raising upto Rs. 9,000 crore via various instruments
  • Larsen & Toubro

    9 Apr 2020 , 11:05AM L&T Construction bags orders in the range of Rs 5,000-7,000 crore for its Power, Transmission & Distribution business in India and abroad- Positive read thru
  • L&T Construction bags order in India and abroad

    9 Apr 2020 , 9:51AM L&T Construction bags orders in the range of Rs. 5,000-7,000 cr for its Power Transmission & Distribution Business
  • Larsen & Toubro

    8 Apr 2020 , 11:39AM L&T Hydrocarbon Engineering bags order in the range of Rs 2500– 5000 crore from Indian Oil Corporation Limited (IOCL)- Positive read thru
  • L&T bags large project by IOCL

    8 Apr 2020 , 10:34AM L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro, has been awarded a Large Project by Indian Oil Corporation Limited (IOCL)
  • Larsen & Toubro

    7 Apr 2020 , 12:28PM Board to meet on April 9, 2020 to seek approval for raising funds (amount not disclosed) including through issue of debt securities.
  • Larsen & Toubro

    7 Apr 2020 , 11:58AM L&T Construction bags order from Indian army to establish Unified Network Management System to manage, support and operate the countrywide Armed Forces Network under the Network for Spectrum (NFS). The given order is in the range of Rs 2,500-5,000 core - Positive
  • L&T Construction bags order from Indian army

    7 Apr 2020 , 9:56AM L&T Construction gets contract for its Smart World & Communication Business
  • L&T announces interim dividend of Rs. 10/Sh

    18 Mar 2020 , 2:45PM Board declares first interim dividend
  • Larsen & Toubro (L&T)

    16 Mar 2020 , 11:28AM Larsen and Toubro (L&T): Stock Update: Earning headwinds, attractive valuation
  • L&T Construction bags repeat order in the range of Rs. 1,000-2,500 crore

    4 Mar 2020 , 10:39AM L&T Construction get a contract for its Water & Effluent Treatment Business
  • L&T Construction bags orders in India and overseas

    3 Mar 2020 , 10:26AM Power transmission & distribution business of L&T Construction bags orders in the range of Rs. 1,000-2,500 crore
  • L&T construction award contracts for its various businesses

    27 Feb 2020 , 12:50PM L&T Construction bags contract in the range of Rs. 1,000-2,500 crore for its various businesses in India
  • Larsen & Toubro

    27 Feb 2020 , 12:39PM L&T Construction bags contracts in the range of Rs 1,000-2,500 crore for its various businesses in India and abroad - Positive read through
  • Larsen & Toubro

    10 Feb 2020 , 1:50PM L&T Construction has bagged orders in the range of Rs 2500 -5000 crore for its Power Transmission & Distribution businesses- Positive read through
  • L&T Construction bags contract for its Power Transmission and Distribution Business

    10 Feb 2020 , 11:26AM L&T Construction bags order in the range of Rs. 2,500-5,000 crore for its Power Transmission and Distribution Business
  • L&T, ideaForge ink MoU for Unmanned Systems

    7 Feb 2020 , 3:31PM ideaForge enters an MoU to offer drones and allied systems for defence use
  • L&T

    4 Feb 2020 , 1:24PM L&T MBDA Missile Systems a joint venture between L&T sets up missile integration facility ( in area of 16,000 square meter facility) located in Coimbatore SEZ in Tamil Nadu. The unit will deliver complete missile systems for export markets from CY2020 (announced during market hours)- Positive
  • Larsen & Toubro

    4 Feb 2020 , 12:20PM L&T Construction bags contract in the range of Rs 2,500 -5,000 crore for its Water and Effluent Treatment business for the design and build of freight handling facilities at 7 strategic locations across United Arab Emirates from Etihad Rail company - Positive read through
  • Larsen & Toubro

    30 Jan 2020 , 11:36AM L&T Construction bags contract in the range of Rs 2,500 -5,000 crore for its Water and Effluent Treatment business - Positive read through
  • L&T bags fresh order for water & effluent treatment business

    30 Jan 2020 , 10:33AM L&T Construction bags order in the range of Rs. 2,500-5,000 crore in water & effluent treatment biz
  • L&T Q3FY2020: Stock Update

    23 Jan 2020 , 10:36AM Mixed quarter, prospects remain healthy
  • L&T

    22 Jan 2020 , 10:17AM As per media reports, defence ministry has taken the call to go ahead with its Rs. 45,000 crore procurement plan for submarines with two Indian competitors, the state owned Mazagaon Docks and private sector L&T, thereby rejecting third bid put up by Adani Defence and Hindustan Shipyard. The two India companies will now move on to the next step of joint bids with foreign technology collaborators, which would be evaluated on technical and commercial parameters.
  • Larsen & Toubro

    15 Jan 2020 , 1:16PM L&T Construction has bagged orders in the range of Rs 2500-5000 crore for its various businesses- Positive for the stock
  • L&T secures large contract for various businesses

    15 Jan 2020 , 12:27PM L&T Construction bags contracts in the range of Rs. 2,500-5,000 cr for its various businesses
  • Larsen & Toubro

    12 Dec 2019 , 11:04AM L&T Construction has bagged an order in the range of Rs 1000 – Rs 2500 crore from Rail Vikas Nigam Ltd (RVNL) for the construction of Rishikesh - Karanprayag Tunnel 2 package works- Positive for the stock
  • L&T bags order in range of Rs 1,000-2,500 crore from RVNL

    12 Dec 2019 , 10:28AM L&T Construction secures a prestigious order from Rail Vikas Nigam Ltd
  • Larsen & Toubro

    5 Dec 2019 , 12:00PM Stock Update – L&T– Expect near-term uncertainties to iron out; Retain Buy
  • L&T Construction bags orders in the range of Rs. 1,000-2,500 crore

    4 Dec 2019 , 11:24AM L&T bags order from prestigious clients across various Indian states for its various businesses
  • L&T Construction secures contract for various businesses

    11 Nov 2019 , 10:39AM L&T Construction bags contract in the range of Rs 1,000-2,500 crore for its various businesses
  • L&T Hydrocarbon bags order over Rs. 7,000 crore from HPCL

    23 Oct 2019 , 11:41AM L&T Hydrocarbon bags EPCC project from HPCL for Residue Up-gradation Facility (RUF) with a capacity of 3.55 mmpta
  • L&T agrees to buy entire stake held by Old Lane

    18 Oct 2019 , 1:44PM The engineering giant will buy out the 2.5% shareholding of the long-time investor in L&T IDPL for Rs.47.99 crore
  • Larsen & Toubro

    10 Oct 2019 , 10:58AM Larsen & Toubro : L&T Construction has bagged orders in the range of Rs 1000 -2500 crore for its Power Transmission & Distribution and Metallurgy & Material Handling businesses.
  • L&T Construction bags an EPC award in Mozambique

    10 Oct 2019 , 10:26AM L&T Construction bags order worth Rs. 1,000-2,500 crore
  • L&T Construction bags orders worth Rs. 1,000-2,500 crore

    12 Sep 2019 , 2:47PM The company’s Water & Effluent Treatment business has won the orders
  • L&T bags order from THDC India

    30 Aug 2019 , 10:20AM L&T's power business wins Rs. 2,500 - 5,000 crore order from THDC India Ltd
  • L&T's power business wins order from NTPC

    26 Aug 2019 , 11:33AM L&T's power business wins Rs. 1,000 to 2,500 crore order from NTPC
  • L&T Hydrocarbon Engineering bags a large order in the range of Rs. 2500-Rs. 5000 cr

    22 Aug 2019 , 11:45AM Larsen & Toubro: The company subsidiary L&T Hydrocarbon Engineering bagged a large order in the range of Rs 2500- Rs 5000 crore from Saudi Aramco - Positive for the stock
  • L&T Hydrocarbon bags order from Saudi Aramco for 28 offshore jackets

    22 Aug 2019 , 10:30AM L&T Hydrocarbon wins 'large' EPCI order from Saudi Aramco in the range of Rs. 2,500-5,000 crore
  • Larsen & Toubro: Stock Update

    24 Jul 2019 , 11:30AM Larsen & Toubro: Stock Update- Outlook remains positive
  • L&T's power business wins orders from DVC

    19 Jul 2019 , 10:18AM L&T Power bags order in the range of Rs. 1,000-2,500 crore from Damodar Valley Corp
  • L&T Hydrocarbon bags project of over Rs. 7,000 crore in Saudi Arabia

    18 Jul 2019 , 10:22AM L&T Hydrocarbon Engineering awarded Marjan Oil Increment EPCI (Mega) Project in Saudi Arabia
  • L&T Construction led joint venture secures a contract for a 100 MLD

    17 Jul 2019 , 1:22PM Larsen & Toubro: L&T Construction led joint venture secures a contract for a 100 MLD (million litres per day) desalination plant from Gujarat Industrial Development Corporation. The order secured is in the range of Rs 1000 – Rs 2500 crore- Positive for the stock
  • L&T Infotech inks deal to buy Lymbyc Solutions

    17 Jul 2019 , 1:21PM L&T Infotech: has signed a definitive agreement to acquire Lymbyc Solutions Private Limited (headquartered in Bangalore) for Rs. 38 crore; the acquisition will bolster the advanced analytics, natural language processing and data visualization capabilities of LTI; the platform complements well with LTl' s Mosaic platform; the revenue of the acquired entity for FY19 stood at Rs 7.1 crore (around 0.1% of LTI’s FY19 revenue) – neutral read-thru considering the small size of the acquired entity
  • L&T Construction led JV secures contract for 100 MLD Desalination Plant

    17 Jul 2019 , 11:59AM L&T Construction-led joint venture wins order in the range of Rs. 1,000-2,500 crore in Gujarat
  • Larsen & Toubro: Stock Update

    17 Jul 2019 , 10:43AM Larsen & Toubro: Stock Update – Standing tall in infra landscape
  • HC order on Mumbai Coastal Road Project to hit L&T, HCC

    17 Jul 2019 , 10:27AM L&T, HCC: As per media reports, Bombay High Court quashed Coastal Regulation Zone clearances given to the Rs. 14,000 crore Coastal Road project saying the BMC cannot proceed with work without obtaining environmental clearance under EIA notification-sentimentally negative
  • L&T's Hydrocarbon division bags fresh twin orders

    27 Jun 2019 , 11:26AM L&T Hydrocarbon bags order in the range of Rs. 2,500-5,000 crore from ONGC
  • L&T Wins 2x660 MW power project order in Bihar

    24 Jun 2019 , 10:26AM L&T bags order from SJVN Thermal to set up a 2x660 MW ultra-supercritical power plant in Bihar
  • L&T Construction secures multiple large orders

    19 Jun 2019 , 2:46PM The orders include an EPC project from Sri Lanka water supply board
  • L&T bags orders in the range Of Rs. 2,500-5,000 crore

    10 Jun 2019 , 12:26PM L&T Construction secures order from clients across various Indian states
  • L&T announces open offer to acquire up to 5.13 crore shares

    10 Jun 2019 , 9:16AM Larsen & Toubro, Mindtree: The company announced an open offer to acquire up to 5.13 crore shares (31% stake for Mindtree) at Rs 980 per share amounting to Rs 5,029.8 crore. The offer price is at a premium of 1% from the current market prices LTP Rs 969, no change in open offer price. Tendering for open offer will commence on Monday, June 17, 2019 and close on Friday, June 28, 2019- Positive read through for L&T, Neutral for Mindtree
  • L&T plans to sell 3.88% stake in L&T Technology Services

    4 Jun 2019 , 10:50AM L&T plans to sell 3.88% stake in L&T Technology Services. L&T will sell up to 4.03 million shares at a price of Rs 1,650 per share, which is around 4% discount to yesterday’s closing price through an offer-for-sale on June 4 (non-retail investors) & June 6 (for retail investors) – near term sentimentally negative for L&T Technology, however it remains our preferred midcap IT picks; this OFS will help L&T to meet SEBIs minimum public holding norm
  • L&T gets nod for open offer for 26% stake in Mindtree

    31 May 2019 , 9:59AM Mindtree/L&T: As per media reports, L&T received approval for open offer for 26% stake in Mindtree. As per news piece, the open offer will start from June 10th 2019 and the price remained unchanged at Rs980 per share. Sentimentally positive for L&T and Neutral-read thru for Mindtree
  • L&T buys shares of Mindtree

    24 May 2019 , 10:28AM L&T, Mindtree: The company has acquired 1,29,065 shares of Mindtree from the open market, taking its overall holding in Mindtree to 26.65%
  • L&T has raised its stake in the company to 26.48%

    17 May 2019 , 11:22AM Mindtree, L&T : L&T has raised its stake in the company to 26.48% from 25.94% via open market purchase and the company is in a position to demand a board representation in Mindtree.
  • L&T buys shares of Mindtree worth about Rs. 368 crore

    9 May 2019 , 11:35AM L&T bought shares of Mindtree worth about Rs 368 crore through open market transactions. L&T bought over 37.53 lakh shares, or 2.28% stake, worth Rs 367.8 crore, with the average price being Rs 979.96 per scrip; as a result, L&T stake in Mindtree reaches 23.9% after acquiring more shares through open market. L&T proposed to buy 15% in Mindtree through open market
  • L&T construction bags order for gold processing

    2 May 2019 , 10:24AM L&T Construction win contract for gold processing, in the range of Rs. 2,500-5,000 crore
  • L&T Heavy Engineering secures contracts

    18 Apr 2019 , 10:03AM L&T Heavy Engineering bags contracts in the range of Rs. 1,000-2,500 crore
  • L&T acquires entire stake held by Tamil Nadu

    11 Apr 2019 , 10:38AM L&T buys entire stake held by TIDCO in L&T Shipbuilding
  • L&T Finance receives bid of Rs. 3238.48 crore

    10 Apr 2019 , 11:15AM L&T Finance Holdings: L&T Finance has received bid of Rs ~3238.48crore worth of subscriptions for NCD issue, which is more than 3 times of the issue size of Rs 1000crore-Positive read thru
  • L&T Hydrocarbon wins order

    4 Apr 2019 , 10:06AM Larsen & Toubro: The company subsidiary L&T Hydrocarbon Engineering won orders in the range of Rs 1000- Rs 2500 crore - Positive for the stock
  • L&T Hydrocarbon wins contract across business segments

    4 Apr 2019 , 9:57AM L&T Hydrocarbon bags order in the range of Rs. 1,000-2,500 crore
  • L&T Construction bags large orders across various business segments

    2 Apr 2019 , 1:31PM L&T Construction awarded contracts for Power Transmission and Distribution business
  • L&T wins large order from Kuwait Oil Company

    1 Apr 2019 , 10:25AM L&T awards a large contract for New Strategic Gas Export Pipeline by KOC-Kuwait
  • L&T announces a new strategic initiative, L&T-Nxt

    29 Mar 2019 , 11:32AM L&T-Nxt, to define the future of the organization from a fresh perspective
  • L&T Construction has bags multiple orders

    28 Mar 2019 , 11:32AM Larsen & Toubro: L&T Construction has bagged multiple orders across different states in India for its Building and Factories, Smart world communication and power transmission & distribution (orders in domestic & international). Cumulative order intake is in the range of Rs 1000 – Rs 2500 crore – Positive for the stock
  • L&T Construction wins contracts for various businesses

    28 Mar 2019 , 10:34AM L&T Construction wins contract for various businesses in the range of Rs. 1,000-2,500 crore
  • L&T Construction secures multiple orders

    25 Mar 2019 , 11:34AM Larsen & Toubro: L&T Construction has bagged multiple orders for its Building and Factories & Water and Effluent Treatment businesses across Jharkhand, Hyderabad, Gujarat, West Bengal, Andhra Pradesh, Faridabad & Patna. Cumulative order intake is in the range of Rs 2500 – Rs 5000 crore – Positive for the stock
  • L&T Construction bags orders in the range of Rs. 2,500-5,000 crore

    25 Mar 2019 , 10:09AM L&T Construction awarded contracts for its Buildings and Factories & Water and Effluent Treatment businesses
  • L&T enters into SPA with Mr. VG Siddhartha

    19 Mar 2019 , 10:26AM Larsen & Toubro, Mindtree : L&T has entered into a share purchase agreement with Mr. V. G. Siddhartha, Coffee Day Trading Limited and Coffee Day Enterprises Limited for acquisition of 3,33,60,229 equity shares of Mindtree aggregating to 20.32% of the paid-up equity share capital at a price of Rs. 980 per share (Rs 3269 crores). Additionally, the Company has placed a purchase order with its stock broker for acquiring up to 2,48,34,858 equity (15%)shares at per equity share price of not more than Rs. 980 per share and for an overall consideration amount not exceeding Rs. 2434 crore. The Company will also make an open offer at a price of Rs. 980 per share to acquire 5,13,25,371 equity shares of Mindtree aggregating to 31% of the voting share capital . The total cost of acquisition will be approximately Rs. 10,733 crore , totaling 66% of the controlling stake in Mindtree and the completion is expected in the first quarter of FY2020 – Positive for Mindtree and acquisition might bring in synergies for L&T infotech (subsidiary of L&T) as acquisition will plug in the business gaps.
  • L&T Construction has bagged multiple orders

    12 Mar 2019 , 11:00AM Larsen & Toubro: The Power Transmission & Distribution business of L&T Construction has bagged multiple orders across Andhra Pradesh, Bangalore, Visakhapatnam, Tamil Nadu and United Arab Emirates . Cumulative order intake are in the range of Rs 1000 -2500 crore- Positive for the stock
  • L&T Construction bags order for T&D business

    12 Mar 2019 , 10:22AM L&T Construction awarded contracts for Power Transmission & Distribution Business
  • L&T Hydrocarbon bags order from ONGC

    8 Mar 2019 , 10:11AM L&T Hydrocarbon Engineering awarded a significant contract from ONGC
  • L&T Construction bags multiple orders

    7 Mar 2019 , 10:23AM The Construction arm of L&T secures order from prestigious clients across varied states in India
  • L&T Construction secures order from Bangalore Metro Rail

    6 Mar 2019 , 9:58AM L&T Construction bags contract for Bengaluru Metro Rail project Phase-2, for Rs. 2,500-5,000 crore
  • L&T construction wins multiple order

    5 Mar 2019 , 10:47AM L&T construction wins multiple order for Water Effluent Treatment business in Tamil Nadu, Jharkhand and Odisha, cumulative order intake is in the range of Rs 5000 crores – Rs 7000 crore - Positive for the stock
  • Plans to offload nearly the entire stake its holds in L&T

    5 Mar 2019 , 10:46AM Larsen & Toubro: As per media news the government is planning to offload nearly the entire stake its holds in Larsen & Toubro (L&T) through Specified Undertaking of the Unit Trust of India (SUUTI) in order to meet its Rs.80,000 crores disinvestment target for 2018-19. The Centre holds a 1.8 % stake in L&T through SUUTI - Stock to be in focus
  • L&T Construction bags contract for Water & Effluent Treatment Business

    5 Mar 2019 , 9:57AM Orders are in the range of Rs. 5,000-7,000 crore
  • CMDA records show L&T was contracted to build Cognizant Campus in Chennai

    26 Feb 2019 , 10:43AM As per SEC, Cognizant has used a construction firm to pay bribes to secure building permits. SEC has named an Indian construction company executive as co-conspirator in the 2016 bribery case. CMDA records show L&T was contracted to build Cognizant Campus in Chennai. IT department again has seeked bribery documents from Cognizant. Also inquiring into Cognizant’s withdrawal of depreciation claim on building for which bribes were paid. Sentimentally negative
  • L&T asks SEBI to reconsider its Rs. 9,000-crore share buyback plan

    21 Feb 2019 , 1:26PM Larsen & Toubro: As per media reports, the company has asked SEBI to reconsider its Rs 9,000-crore share buyback plan. Earlier SEBI has rejected the proposal on grounds that group’s consolidated debt to equity would cross two times the paid up capital and reserves after completion of the share buyback program – Positive
  • L&T Construction bags a mega contract

    18 Feb 2019 , 10:48AM L&T Construction gets mega contract for design and construction of a major airport
  • L&T wins order for power line, water treatment plants

    14 Feb 2019 , 10:09AM L&T wins order L&T Construction wins contract across two of its business segment The construction arm of Larsen & Toubro (L&T) has won orders across its power transmission & distribution (PT&D) business and water & effluent treatment business. At 10.01 am, L&T was trading at Rs. 1226.20 up by 0.42%, with a volume of 0.37 lakh shares on the BSE.
  • L&T bags fresh order from a private developer

    13 Feb 2019 , 10:25AM L&T Construction bags order for construction of hospital from a private developer in India
  • L&T Construction bags govt of odisha from project

    4 Feb 2019 , 11:22AM L&T Construction wins contract for individual rural water supply projects by Government of Odisha
  • L&T Hydrocarbon Engineering wins order form IOCL

    31 Jan 2019 , 2:20PM Larsen & Toubro: The company subsidiary L&T Hydrocarbon Engineering won two orders (contract value not disclosed) from Indian Oil Corporation Ltd with respect to engineering, procurement, construction and commissioning of Ethylene Glycol Project– Positive for the stock
  • L&T wins two order from Indian Oil Corporation

    31 Jan 2019 , 10:09AM L&T Hydrocarbon Engineering Awarded Two Significant Contracts for Ethylene Glycol Project by IOCL
  • L&T to sell 2.89% stake in L&T Technology Services

    30 Jan 2019 , 12:44PM L&T and L&T Technology Services: The company proposed to sell up to 30 lakh shares or 2.89% of its equity stake in L&T Technology Services, with an option of oversubscribing another 2.49% through stock exchange mechanism. This move has been undertaken by L&T to meet the minimum 25% public shareholding norms laid down by SEBI The floor price is set at Rs. 1,610 per share, which is at a discount of 5% from the last closing price- The move is in-line with L&T management strategy to lower down their stake in L&T technology, to meet SEBI shareholding norms. Stocks to be in focus
  • SEBI asked L&T not to proceed with its buy-back plan

    21 Jan 2019 , 12:00PM L&T- SEBI asked L&T not to proceed with its buy-back owing to technicality issue, Negative read-thru
  • L&T Hydrocarbon consortium wins EPCI order from Saudi Aramco

    15 Jan 2019 , 10:17AM A wholly-owned subsidiary of L&T bags award for two projects from Saudi Aramco
  • L&T Construction bags order worth Rs. 1,060 crore

    3 Jan 2019 , 10:14AM Larsen & Toubro arm L&T Construction wins order valued Rs. 1,060 crore
  • L&T Construction wins order worth Rs. 2,084 crore

    31 Dec 2018 , 10:37AM Larsen & Toubro (L&T) announces that its construction arm wins order worth Rs. 2,084 crore
  • L&T Construction wins orders valued Rs. 2,357 crore

    27 Dec 2018 , 9:54AM L&T announces its construction arm has bag orders worth Rs. 2,357 crore
  • L&T Construction wins order valued Rs. 2,547 crore

    7 Dec 2018 , 11:46AM L&T Construction wins order valued at Rs. 2547 crore in Power Transmission & Distribution business
  • L&T Construction wins order worth Rs. 2106 crore

    5 Dec 2018 , 11:31AM L&T Construction wins order worth Rs. 2,106 crore from the Andhra Pradesh Capital Region Development
  • L&T Construction wins order worth Rs. 1,127 crore

    3 Dec 2018 , 2:12PM The construction arm of L&T wins order worth Rs. 1,127 crore across two business segments
  • L&T Construction wins order valued Rs. 1,329 crore

    2 Nov 2018 , 10:44AM L&T Construction wins order valued at Rs. 1,329 Crore. The company received orders in Water & Effluent Treatment, Transportation Infrastructure and Smart World Communication businesses worth Rs. 710 crore , Rs. 481 crores and Rs. 138 crore respectively. Positive for the stock
  • L&T Construction wins order valued Rs. 1,329 crore

    2 Nov 2018 , 10:42AM L&T Construction wins order valued Rs. 1,329 crore
  • L&T additional orders worth Rs. 1,050 cr

    15 Oct 2018 , 1:03PM The Heavy Engineering arm of Larsen & Toubro has secured additional orders worth Rs.1,050 crore in Q2 FY19. These include three Super Heavy Hydrocracking Reactors for an Indian Refinery, with heaviest among them weighing 2,180 MT, to be built for the first time in the World. The total order inflow in H1 FY19 for the Process Plant and Nuclear equipment business of Heavy Engineering has reached Rs.2,661 crore, a significant achievement after a prolonged subdued market scenario. Positive for the stock.
  • L&T Heavy Engineering wins orders valued Rs. 1,050 cr

    15 Oct 2018 , 11:25AM L&T Heavy Engineering wins orders valued Rs. 1,050 cr
  • L&T Construction has receives EPC order worth Rs. 1,881 cr

    8 Oct 2018 , 12:32PM The Power Transmission & Distribution Business of L&T Construction has received EPC orders worth Rs. 1,881 crore. The business has secured major orders for constructing 22 132/11kV Substations in the State of Kuwait. On the domestic front, orders were secured for implementation of a High Voltage Distribution System in West Bengal. Additional orders have been received from ongoing Transmission Line projects in India and Egypt. Positive for the stock.
  • L&T Construction wins order worth Rs. 1,881 cr

    8 Oct 2018 , 11:54AM L&T's power transmission & distribution business wins orders worth Rs. 1,881 cr
  • L&T arm bags contract from ONGC

    4 Oct 2018 , 11:37AM L&T Hydrocarbon Engineering Consortium wins largest Oil & Gas subsea project for ONGC's prestigious 98/2 block
  • L&T fixes record for buyback offer

    4 Oct 2018 , 10:45AM L&T rises by 4% to Rs. 1293.45, after board approves buyback offer
  • L&T bags EPC order worth Rs. 3,036 crore

    3 Oct 2018 , 11:02AM The Buildings & Factories business of Larsen & Toubro has won an EPC order worth Rs. 3,036 Crore from Bangalore International Airport Limited (BIAL) to construct Terminal-2 (T2) of the Kempegowda International Airport, Bengaluru.
  • L&T bags order worth Rs. 7,489 cr

    1 Oct 2018 , 11:23AM Heavy Civil Infrastructure Business of L&T Construction wins order valued Rs. 7,489 cr
  • L&T Construction wins order valued Rs. 1,477 cr

    28 Sep 2018 , 9:55AM L&T Construction bags order worth Rs. 1477 cr for water effluent treatment, buildings & factories
  • L&T Construction bags orders worth Rs. 2,048 cr

    18 Sep 2018 , 12:02PM L&T wins order worth Rs. 2048 crore across two business segments
  • L&T bags orders worth Rs2654 cr

    3 Sep 2018 , 10:51AM Larsen & Toubro (L&T) wins order worth Rs2,654 Crore across various business segments
  • L&T Construction wins order valued Rs1394 cr

    27 Aug 2018 , 10:44AM L&T: The Water & Effluent Treatment Business of L&T Construction has won an EPC order worth Rs. 1,394 Crore from the Water Resources Department, Government of Madhya Pradesh for the execution of the Kundalia Irrigation Project - Right Bank. Positive for L&T
  • L&T Construction wins order valued Rs1394 cr

    27 Aug 2018 , 10:42AM L&T Construction wins an EPC order worth Rs1394 cr from the Water Resources Department, Government of Madhya Pradesh for the execution of the Kundalia Irrigation Project - Right Bank
  • L&T board has approves buyback of shares

    23 Aug 2018 , 2:49PM L&T board has approved a buyback of 6 crores shares (4.29% of the total outstanding shares) at a maximum price of Rs1500 per share for an aggregate amount of Rs9000crores. Sentimentally positive
  • L&T up as board approves buyback of share

    23 Aug 2018 , 12:01PM Larsen & Toubro (L&T) rises by 2% to Rs1349, after board approves share buyback proposal
  • L&T board to consider a proposal for buyback

    20 Aug 2018 , 10:29AM L&T board will consider a proposal for buyback of equity shares of the company at its meeting to be held on August 23, 2018. In other news, Bengaluru developers such as Salarpuria Sattva have bid for a land parcel of 14 acres being sold by L&T in the city as per media reports. The land parcel is estimated to fetch the company between Rs800 and Rs1000 crore. Positive for L&T.
  • L&T to consider share buyback on Aug 23

    20 Aug 2018 , 10:24AM L&T rises over 6% to Rs1315, as board to consider a proposal for buyback of equity shares of the company
  • L&T Construction wins order valued Rs1904 cr

    7 Aug 2018 , 11:48AM L&T Construction wins order worth Rs1904 cr across business segments in the domestic and international markets
  • L&T Construction wins orders worth Rs1,296 cr

    6 Aug 2018 , 2:21PM L&T: Larsen & Toubro Construction wins orders valued Rs1,296 crore; positive
  • L&T Construction wins orders worth Rs1,296 cr

    6 Aug 2018 , 2:17PM The construction arm of Larsen & Toubro win orders worth Rs1,296 crore across various business segments
  • Larsen & Toubro: Q1FY2019 result review

    26 Jul 2018 , 1:04PM Larsen & Toubro: Q1FY2019 result review- Strong overall performance; Upgrade to Buy
  • L&T arm bags EPC contract from HPCL

    17 Jul 2018 , 11:15AM L&T arm bags EPC contract from HPCL
  • L&T construction bags order worth Rs30 bn

    13 Jul 2018 , 12:47PM L&T construction arm win order worth Rs30 bn to build office buildings in Andhra Pradesh and a tourism-related facility in Oman
  • L&T wins order worth Rs23.88 bn

    12 Jul 2018 , 12:36PM L&T wins order worth Rs23.88 bn
  • L&T Construction gets orders worth Rs2210 cr

    12 Jun 2018 , 12:59PM L&T announces its construction arm will construct an iconic bridge across the river Krishna at Amaravati, Andhra Pradesh
  • L&T arm bags orders worth Rs5,704 cr

    28 May 2018 , 11:53AM L&T Construction wins orders in water & Effluent treatment business for Rs5704 cr
  • L&T Construction bags orders worth Rs4033 crore

    22 May 2018 , 10:43AM Larsen & Toubro announces that its subsidiary L&T Construction wins order worth Rs4,033 crore in the domestic market
  • L&T Hydrocarbon wins two order from HURL

    21 May 2018 , 1:54PM L&T Hydrocarbon Engineering a wholly owned subsidiary of L&T wins two significant orders from Hindustan Urvarak and Rasayan Ltd
  • L&T Hydrocarbon Engineering in consortium with TechnipFMC

    21 May 2018 , 11:57AM L&T Hydrocarbon Engineering in consortium with TechnipFMC
  • L&T Construction wins order valued Rs1504 cr

    18 May 2018 , 12:31PM Larsen & Toubro announces that L&T Construction wins order worth Rs1,504 crore in the domestic market
  • L&T bags EPC orders worth Rs2,440 cr

    17 May 2018 , 12:21PM L&T bags EPC orders worth Rs2,440 crores in Power Transmission & Distribution Business
  • L&T sells electric and automation to Schneider Electric

    2 May 2018 , 11:02AM Positive read through for L&T.
  • L&T's construction arm bags orders worth Rs3376 cr

    5 Apr 2018 , 12:06PM Larsen & Toubro (L&T) announces its construction arm has win order worth Rs3376 crore across business segments
  • L&T's construction arm bags orders worth Rs3376 cr

    5 Apr 2018 , 12:05PM Larsen & Toubro (L&T) announces its construction arm has win order worth Rs3376 crore across business segments
  • L&T Construction & DFCCIL signs contract

    16 Mar 2018 , 11:55AM Positive read through for L&T as L&T Construction & DFCCIL signs contract valued Rs 2,864 Crore for Eastern Dedicated Freight Corridor.
  • L&T Hydrocarbon wins order worth in excess of Rs1600 cr

    14 Mar 2018 , 3:22PM Larsen & Toubro (L&T) wins on order worth in excess of Rs1600 Crores across various business segments
  • L&T JV bags order for Nuclear Generator Forgings

    12 Mar 2018 , 1:39PM L&T, NCPIL receives an order worth Rs442 Crore from NPCIL to supply forgings for steam generators
  • L&T construction wins order from NHAI

    12 Mar 2018 , 11:50AM L&T announces that its construction division has secured orders valued at Rs2597 crore
  • L&T construction wins order valued Rs.2597 crore

    12 Mar 2018 , 11:09AM Positive read through for L&T as the construction wins order valued Rs.2597 crore.
  • L&T construction wins orders valued Rs1,593 Crore

    1 Mar 2018 , 12:05PM Positive read through
  • Larsen & Toubro sell up to 34.38 lakh shares

    28 Feb 2018 , 12:07PM Larsen & Toubro sell up to 34.38 lakh shares, or 2 percent stake in L&T Infotech to achieve the minimum public shareholding.
  • L&T construction arm wins orders worth Rs. 1266 cr

    26 Feb 2018 , 3:05PM Positive read through for L&T as L&T Construction arm has won orders worth Rs 1,266 crore across business segments.
  • L&T's construction arm wins orders worth Rs1266 cr

    26 Feb 2018 , 3:01PM L&T's construction arm has won orders worth Rs 1,266 crore across business segments.
  • L&T Construction arm has won orders worth Rs 1,266 crore

    26 Feb 2018 , 9:56AM Positive read through for Larsen & Toubro as its construction arm has won orders worth Rs 1,266 crore across business segments.
  • L&T's Hydrocarbon arm wins Rs2200 cr Abu Dhabi Order

    12 Feb 2018 , 2:35PM L&T announces that its wholly-owned subsidiary secures an order valued more than Rs2200 crore
  • L&T has receives orders worth Rs 2,275 crores

    5 Feb 2018 , 4:59PM Positive read through for L&T as it receives orders worth Rs 2,275 crores comprising of Rs 1,255 crores for its Water & Affluent Treatment business, Rs 590 crores for its Power T&D business and Rs 430 crores for its Building & Factories business.
  • Green shoots seen in domestic market for Larsen & Toubro

    1 Feb 2018 , 11:24AM Larsen & Toubro’s (L&T) consolidated net sales were in line with our estimate which increased by 10% YoY to Rs.28,747 crores with robust improvement in execution in domestic market and growth in services business.
  • L&T wins orders worth Rs 1,310 crore

    16 Jan 2018 , 12:02PM Positive reads through as L&T wins orders worth Rs 1,310 crore comprising of orders from Water & Effluent Treatment business (Rs 631 crore), Buildings & Factories business ( Rs 340 crore ) and Power T&D business (Rs 339 crore).
  • L&T Hydrocarbon has signed an offshore contract

    5 Jan 2018 , 10:07AM Positive read through L&T Hydrocarbon has signed an offshore contract for ‘Bassein Development 3 Well Platform & Pipeline Project’ from ONGC worth Rs.1483 crore
  • L&T gets Rs2100 cr projects from RIL, HPCL

    1 Jan 2018 , 12:04PM L&T secures a major construction contract for CDU & VDU from Hindustan Petroleum Corporation Ltd, Visakhapatnam Refinery
  • L&T wins order valued at Rs.1125 cr across various business segments

    28 Dec 2017 , 11:01AM Positive read through as Metallurgical & Material handling business bagged orders worth Rs 710 crore and other segments won orders worth Rs 415 crore.
  • L&T won orders worth Rs.1,125 cr

    27 Dec 2017 , 11:58AM Positive read through for the company as the construction arm of Larsen & Toubro has won orders worth Rs.1,125 crore comprising of Rs.710 crore orders
  • L&T bagged order worth Rs. 3355 cr

    26 Dec 2017 , 3:25PM The building and factories segment bagged an order worth Rs.3355 cr from India International Convention & Exhibition Centre Ltd to design and construct a state of the art expo centre in New Delhi.
  • Larsen & Toubro gets Delhi Expo Centre phase-I contract

    26 Dec 2017 , 11:10AM Larsen & Toubro gets Delhi Expo Centre phase-I contract for Rs 2,790 crore.
  • L&T’s Hydrocarbon division wins Rs 1,600 cr order

    7 Dec 2017 , 9:47AM Positive news for L&T as its Hydrocarbon division wins Rs 1,600 crore order.
  • L&T wins order for gas based power plant

    30 Nov 2017 , 12:04PM Positive news for L&T as company wins 400MW EPC order for gas based power plant worth USD 250million in Bangladesh.
  • L&T bags contract for power project in Bangladesh

    29 Nov 2017 , 3:23PM L&T bags contract for setting up Bibiyana South 400 MW Combined Cycle Power Plant Project to a consortium of the company and Samsung C&T Corporation of South Korea
  • L&T competes with global players to bag convention centre project

    29 Nov 2017 , 12:00PM Positive news for L&T, stock to remain in focus - Global firms line up for India’s largest convention centre Rs 26,000-cr project.
  • L&T seeks relief from Telangana Govt on metro project delay

    28 Nov 2017 , 11:44AM L&T Metro Rail (Hyderabad) Ltd, the developer of the project, has sought "additional financial support" from the Telangana government to cover the cost overruns due to delays in projects, leading to extension of time.
  • L&T calls off proposal to sell Electric Automation division

    27 Nov 2017 , 3:42PM Neutral read through for L&T as Management of L&T states that the proposal to sell the Electric Automation division to Schneider has been called off, as per media flash.
  • L&T's construction arm wins orders worth Rs3,572 Cr

    27 Nov 2017 , 10:22AM Positive news for L&T as its construction arm wins orders worth Rs3,572 Cr.
  • L&T Construction bags Rs8650 crore order from MMRDA

    20 Nov 2017 , 12:05PM L&T Construction bagged an order worth Rs8650 crore from Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Trans Harbour Link
  • L&T wins major order worth Rs8,650 Cr

    20 Nov 2017 , 8:49AM Positive news for L&T as the company has won a major order worth Rs8,650 crores to build Mumbai Trans Harbour Link.
  • L&T Infotech to buy banking solution provider Syncordis S.A.

    15 Nov 2017 , 9:58AM L&T Infotech's stock to remain in focus as the company intends to buy banking solution provider Syncordis S.A. for 15 million euros
  • L&T reports strong Q2 revenue growth

    14 Nov 2017 , 12:28PM Focus on improving RoE and revival in capex cycle remains key
  • L&T's Q2 results suggest improved performance

    13 Nov 2017 , 10:38AM L&T Q2FY2018 Result review - Operational efficiency led to improved performance.
  • L&T Hydrocarbon Engineering wins contract worth Rs 1,267 Cr

    13 Nov 2017 , 10:27AM Positive news for L&T Hydrocarbon Engineering as the company wins ~ Rs 1,267 crores contract from ONGC.
  • L&T wins orders worth Rs 4,023 Cr

    10 Nov 2017 , 9:55AM Positive news for L&T as L&T’s construction arm has won orders amounting to Rs 4,023 crores.
  • Nitin Gadkari puts "abeyance" scrapping 20 highway projects

    10 Nov 2017 , 8:58AM Positive read through for L&T, HCC, Essel Infra projects who were among list of developers barred by NHAI for alleged defaults in work
  • L&T’s electrical unit gets Schenider as top bidder

    1 Nov 2017 , 8:58AM Positive news for L&T as Schneider Electric SE emerges as the top bidder to acquire L&T’s electric and automation division.
  • L&T Finance Q2 results register robust performance

    26 Oct 2017 , 2:35PM L&T Finance Holdings (LTFH) has posted good set of numbers for Q2FY18 with net interest income growing by 16.4 YoY to Rs1087.1 crore while the non-interest income surged by 105.3% YoY to Rs110.9 crore.
  • L&T wins orders worth Rs 3,551 Cr

    26 Oct 2017 , 9:47AM Positive news for L&T as the company's construction arm has won orders worth Rs 3,551 crores
  • L&T loses govt order to supply 2.5 mn smart meters in reverse bid

    25 Oct 2017 , 11:08AM As per media reports, L&T has lost the government order to supply 2.5mn smart meters in a reverse bid conducted by Energy Efficiency Services Ltd (EEFL), where ITI ltd emerged as the lowest bidder.
  • L&T plans to bid for more ONGC work after Daman win

    13 Oct 2017 , 9:43AM L&T expects ONGC to finalise 3-4 projects worth around Rs 5,000 crore before March and would be bidding for them.
  • L&T to sell subsidiary to ESAB Holdings

    12 Oct 2017 , 11:49AM L&T enters into a definitive agreement with ESAB Holdings for selling its entire stake in wholly-owned arm EWAS Alloys for Rs522 cr
  • L&T enters into definitive agreement with ESAB Holdings - Positive

    12 Oct 2017 , 9:56AM L&T has entered into definitive agreement for divestment of entire stake in its subsidiary EWAC Alloys for a consideration of Rs 522 crores with ESAB Holdings Ltd, registered in the United Kingdom.
  • NCC Ltd and L&T to develop multi-tower housing contract - Positive

    12 Oct 2017 , 9:54AM NCC Limited & L&T in focus: to develop multi-tower housing contract in Amaravati; positive
  • L&T subsidiary L&T Hydrocarbon Engineering wins order worth Rs1,150 crore from ONGC

    11 Oct 2017 , 11:28AM L&T subsidiary L&T Hydrocarbon Engineering wins order worth Rs1,150 crore from ONGC
  • LTHE bags order worth ~ Rs 1,150 Cr - Positive

    11 Oct 2017 , 11:25AM L&T’s wholly owned subsidiary, L&T Hydrocarbon Engineering (LTHE), has bagged an offshore contract for the transportation and installation – Daman development project from ONGC worth ~ Rs 1,150 crores against international competitive bidding encompassing total – Engineering, Procurement, Construction, Installation and Commissioning for the project.
  • L&T wins order worth Rs 2170 Cr

    27 Sep 2017 , 1:12PM L&T wins order worth Rs 2170 crore across business segments; positive
  • L&T's Construction Arm wins orders worth Rs 2,525 Cr

    13 Sep 2017 , 9:23AM Larsen & Toubro's construnction arm has won orders worth Rs2,525 crores across various business segments - sentimentally positive for L&T.
  • L&T gets nod for Rs1102 Cr Powai project expansion

    4 Sep 2017 , 9:10AM Larsen & Toubro Ltd. has received the green signal for expansion of its Powai residential and IT towers project in Mumbai that will entail an investment of Rs 1,102 crore.
  • L&T wins orders worth Rs1,975 Cr

    29 Aug 2017 , 9:13AM The construction arm of L&T won orders worth Rs 1,975 crores comprising of Rs1,331 crores (Power T&D segment) and Rs 644 crores (Other business segments). Positive.
  • Schneider: top contender to acquire L&T’s electric and automation division

    24 Aug 2017 , 9:27AM Schneider Electric SE and Eaton Corp have emerged as the top contenders to acquire Larsen & Toubro’ electric and automation division for Rs 15,000-Rs 17,000 crore, stock to be in focus.
  • L&T to sell some non-core businesses

    23 Aug 2017 , 9:17AM Larsen & Toubro (L&T) hopes to monetise at least two to three non-core businesses as the engineering major hopes to bag at least one large order in the defence division.
  • L&T wins order worth Rs2231 crore across segments

    19 Jun 2017 , 12:24PM L&T wins order worth Rs2231 crore across various segments of Building & Factories (Rs1324 crore), Power T&D (Rs540 crore) and Water business (Rs367 crore). This news is sentimentally positive for the stock.

Key fundamentals

Evaluate the intrinsic value of Larsen and Toubro Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 86956.51 89679.04 87412.34 84222.25 77960.65
Liabilities 86956.51 89679.04 87412.34 84222.25 77960.65
Equity 274.93 281.1 281.01 280.91 280.78
Gross Profit 9684.56 9294.62 9055.5 7266.15 6838.12
Net Profit 9304.33 7848.97 7879.45 11336.97 6679.21
Cash From Operating Activities 8293.55 7263.96 5998.79 8350.79 -121.3
NPM(%) 7.37 7.1 7.8 15.46 8.1
Revenue 126235.85 110500.98 101000.41 73315.59 82383.65
Expenses 116551.29 101206.36 91944.91 66049.44 75545.53
ROE(%) 10.42 8.79 8.82 12.7 7.48

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
20 Jun 2024 28 1400 1.02 3486.85
02 Aug 2023 6 300 1.02 2489.7
02 Aug 2023 24 1200 1.02 2364.45
21 Jul 2022 22 1100 1.02 1526.15
28 Jul 2021 18 900 1.02 1415.5
04 Nov 2020 18 900 1.02 941.25
05 Aug 2020 8 400 1.02 955.25
24 Mar 2020 10 500 1.02 1051.45
24 Jul 2019 18 900 1.02 1355.5
14 Aug 2018 16 800 1.02 1376.45
0 0 1.02 1326.9
11 Aug 2017 14 700 1.02 1760.7
18 Aug 2016 18.25 912.5 1.02 1291.6
01 Sep 2015 16.25 812.5 1.02 1705.55
13 Aug 2014 14.25 712.5 1.02 1545.5
13 Aug 2013 12.33 616.5 1.02 1513.9
14 Aug 2012 16.5 825 1.02 1159.4
17 Aug 2011 14.5 725 1.02 1594.85
17 Aug 2010 12.5 625 1.02 1606.9
18 Aug 2009 10.5 525 1.02 1345.7
20 Aug 2008 15 750 1.02 2882.25
17 Jul 2007 2 100 1.02 2261
14 Aug 2007 2 100 1.02 1856.15
28 Mar 2007 11 550 1.02 1531.45
14 Aug 2006 22 1100 1.02 2291.2
12 Aug 2005 17.5 875 1.02 1095.65
11 Aug 2003 1.5 75 1.02 218.95
22 Jul 2002 0 70 1.02 180.6
21 Jun 2001 0 65 1.02 249.55
0 65 1.02 273.4
0 65 1.02 227
0 65 1.02 256.2
0 60 1.02 205.65

Peers

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Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Inox Green Energy Services Ltd 142.75 -1.01 148.70 97706.21 7.60 0.00
Prozone Realty Ltd 33.79 1.99 0.00 50783.22 14.84 0.00
Sahyadri Industries Ltd 271.76 3.46 15.28 3643.94 240.90 0.37
Jindal Photo Ltd 850.50 2.14 2.98 3413.76 2588.62 0.00

Company Info

1946 - On 7th February, the Company was incorporated. Larsen & Toubro carries on business as civil mechanical electrical chemical & Agricultural engineers as manufacturers as importers & exporters & as contractors. The Company represents a large number of overseas manufactures, notably manufacturers of tractors, agricultural machinery, dairy machinery, film cooling towers and general industrial and engineering plants and coal mining machinery. 1969 - With effect from 1st Oct., Alu Capsules Ltd & India, Crown Cork, Co. Ltd, both wholly owned subsidiaries were amalgamated with the company. And a new division was formed like Bottle Closure Division. 1975 - During the year, the company commissioned a plant at Bangalore for the manufacture of multipurpose hydraulic excavators and high pressure hydraulic system in collaboration with Poclain, S.A. France. 1977 - During the year Faridabad Factory become operative and commenced the manufacture of switchboards. 1979 - With effect from 1st April, Wilcox Buckwell India, Ltd another subsidiary, was merged with the company. 1981 - Utkal Machinery Ltd was amalgamated with the company with effect from 1st April. - During the year, the company signed an agreement with Hong kong ship-owners for the purchase of two bulk carriers of 27,000 DWT capacity each built in Japan at a contractual price of U.S $ 18.3 million each. - During the year company made a right issue of 13.5% convertible debentures of Rs.100 each for Rs.6 crores. 1982 - The Company's subsidiary Engineering Construction Corporation, Ltd was merged with the company with effect from 1st Oct. 1983 - During the year, the company established a cement plant with an installed capacity 1 million tonnes per annum in Chandrapur district in Maharashtra and commenced commercial production of cement. 1984 - During the year, the company signed collaboration agreement with Y.E Data, Japan for floppy disc drives, with honeywell information systems, India for dot matrix printers and with Jeumont Schneider, France for electronic PABX. Another collaboration agreement was signed with potain Poclain Material, France for manufacture of mobile cranes at Kansbahal works. The company also signed collaboration agreement with Oesterreichische Doka Schalungs-und Geruestungstechnik GmbH, Austria for farmwork systems used in the construction industry. - During the year, the company issued 55,00,000 -15% non convertible debentures of Rs.100 each for an aggregate amount of Rs.55 crores. 1985 - During the year, the Company manufactured and delivered two-end shields for Kakrapara Atomic Power Project. 1986 - During the year, the company commissioned a new factory in Hebbal Industrial Estate near Mysore in Karnataka for the manufacture of computer peripherals such as dot matrix printers and floppy disc drives. 1987 - During, the company diversified into the field of 400 KV transmission lines. 1988 - During the year company entered into collaboration agreements with Sundstrand Sauer, USA for the manufacture of axial piston units, with case vibromax, W. Germany for manufacture of vibratory compactors and with JI Case, USA, for the manufacture of wheel loaders. Also a memorandum of understanding was signed between the company and Colas S.A of France for setting up a joint venture company for production of asphalt emulsion. 1989 - A new project was commissioned at Mysore in Karnataka for the manufacture of medical electronics products. During the year the Company received industrial licences for the manufacture of ship auxiliaries and components of mechanised sailing vessels and rail track laying, track maintenance and renewal equipment. - During the year the company entered into a technical collaboration agreement with MPSI of USA for the manufacture of ring hammer mills and rotary breakers required for sizing of coal. - During the year company issued 30,000 - 13.5% debentures of Rs.1000 each to financial institutions with an option for conversion into equity shares of the company. - During March-April, the company issued 63,78,750-12.5% FCDs of 125 each of which 60,75,000 debentures were issued as rights to the equity shareholders and 3,03,750 debentures to the employees on equitable basis. - During September, the company issued 275,63,215, 12.5% FCD of aggregate value of Rs.820 crores. 1990 - During, the company entered into an agreement to take over the tractor unit of Kirloskar Pneumatic Co. Ltd. - During the year company completed construction of 200 flats for Sai Central Trust, Puttaparthy. The company also commissioned a sponge iron plant of 8,80,000 tonnes per annum capacity for Essar Steel at Hazira. - During the year following foreign collaboration agreements were entered into 1. With mannesmann Anlagenbau, Germany to bring in the latest technology in ash handling at coal-based thermal power plants, 2. With AFE Displays Ltd., UK for supervisory colour graphics controller, 3. With Western Digital Corporation, USA., for hard disk drives and 4. With Y-E Data Inc., Japan for 3.5' floppy disk drives. 1991 - During the year a major contract was signed for augmentation of the Trisuli Hydro Power Project in Nepal. 1992 - A carbonate condenser for IFFCO, Kalol was manufactured to Stami Carbon Process for the first time with the stringent requirements of ultrasonic testing for each tube-to-tube sheet joint. The company also developed ethylene oxide reactor for SM Dyechem. - During the year Co. developed public switching system with a capacity upto 10,000 lines and 2GH2 microwave transmission equipment of 30- channel and 120 -channel capacity and they were installed for field evaluation by the Department of Telecommunications. 1993 - L&T - Gould Ltd. was amalgamated with the Company effective from 1st January. During the year a new model 90 CK -111 was launched. A methanol cometics for Deepak Fertilizers and test separation for ONGC platform were delivered. A pair of endshields was also fabricated and supplied for the 235 MW Karga Atomic power project. Also the company commissioned the Max-L telephone exchange of 2000 lines extendible upto 1,10,000 lines at Chittorgarh, Rajasthan. - During the year, EWAC Alloys Ltd., on issuing further shares to collaborators and increasing their holdings to 50% ceased to be a subsidiary of the company. 1994 - During November, the company offered 80,83,832 GDR shares at a issue price of US $ 8.35 per GDR representing shares 161,67,664 equity shares at a price equivalent to 262 (at an exchange rate of Rs.31.37=US $ 1.). All the GDR were fully subscribed. The Company along with Energy Alternatives Inc., U.S.A signed a MOU with SAIL for promoting & developing 2 x 250 MW Coal based power plant at Bhilai in M.P. - During the year, the company along with Energy alternative Inc. U S A., signed a MOU with SAIL for promoting & developing 2 x 250 MW Coal based power plant at Bhilani in MP. Also the company tied up with Sargent & Lundy U S A., to offer EPC service for thermal power projects and also to form a joint venture engineering company. This joint venture would offer engineering services to power projects in India and abroad. 1995 - During the year an international scale glass container plant employing the state-of-the art technology was being set up in technical collaboration with Vetropack, Switzerland. During the same year, the company signed of memorandum of intent with Samsung Electronics Co. Ltd. of South Korea to form a joint venture for the manufacture and marketing of a vide spectrum of telecom products including large switches, transmission products, paging systems and PABX. Also signed an MoU with Orissa govt. for setting up a integrated steel plant at Gopulpur. - During the year a new cement plant at Kovaya in Gujarat with annual capacity of 15 lakh tonnes was commissioned. 1996 - During the year, the Company has two subsidiary companies namely, L&T-McNeil Limited and L & T Finance Limited, and seven associate companies namely, Audco India Limited, Ewac Alloys Limited, Tractor Engineers Limited, L&T- Niro Limited, L&T-Chiyoda Limited, L&T-Sargent & Lundy Limited and Larsen & Toubro (Oman). 1997 - The Company is also putting up captive power plants at Awarpur and Gujarat so as to ensure continuous availability of equity power at reasonable cost. - The Larsen and Toubro (L&T) Employees Association has launched an indefinite strike from January 21 protesting against the alleged harassment and victimisation of workers by the management, even as the management termed the strike illegal and contended that it had only initiated disciplinary action against some employees for misconduct and non-performance. - L&T-McNeil Limited, a subsidiary of Larsen & Toubro Limited, has been awarded the All India Special Shield for 1995-96 in the category of non-SSI New Product Exporters by the Engineering Export Promotion Council. - Larsen & Toubro (L&T) has won the Golden Peacock National Quality Award 1996 and for the year 1997 instituted by the Institute of Directors (IOD), New Delhi. - The private sector giant Larsen and Toubro (L&T) will introduce 300 varieties of computerised ready mix concrete for the first time in the country so as to develop a new concept in the building industry. - The Engineering and Construction conglomerate, Larsen & Toubro Limited (L&T), has been selected by Indian Institute of Bridge Engineers to receive the Most Outstanding Bridge National Award - 1996. The company has built 460-metre long flyover bridge at Evarard Nagar, Wadala, Mumbai, which has been chosen for the award for its excellent aesthetics and blending with the environment. - The equity shares of Larsen & Toubro Ltd., Dabur India Ltd., Great Eastern Shipping Company Ltd., Jindal Vijayanagar Steel Ltd. and Jindal Iron & Steel Ltd have been admitted for dematerialisation. - Larsen & Toubro Limited (L & T) has been marketing the world class range of fax machines from Canon in India. It has added a high-quality laser plain-paper fax machine, model L300, to the existing range. - Engineering major Larsen & Toubro has been awarded the 115 MW ISO capacity captive power project of Haldia Petrochemicals in West Bengal as an independent power producer. - Larsen & Toubro Ltd (L&T) has entered into a 50:50 joint-venture with Komatsu, Japan, to manufacture hydraulic excavators and components. - L&T has received a letter of award for setting up a combined cycle co-generation power plant for Haldia Petrochemicals Ltd (HPL) on a build-own-operate basis. - Under a memorandum of agreement signed between Larsen and Toubro Ltd and Japan's Komatsu Ltd, the two engineering companies have decided to form an alliance in the construction equipment business in India and its neighbouring countries. - Larsen and Toubro Limited (L&T) has been awarded a railway electrification contract for the Vallathol Nagar Ernakulam section in Kerala. 1998 - The joint venture has been set up for the manufacture of earthmoving equipment and has a paid-up share capital. Both L&T and Komatsu are chipping in with 50 per cent each of the equity base. - Diversified industrial giant, Larsen and Toubro (L&T) has entered into a joint venture with Dear and Co., a leading international agricultural machines company, to manufacture tractors. - Larsen & Toubro Ltd (L&T) has bagged two national awards for excellence in construction from the Association of Consulting Civil Engineers (ACCE) for 1998. The ACCE-Sarvamangala Award was given in recognition of the work done by L&T in constructing the Sree Kanteerava Indoor Stadium in Bangalore, while the ACCE-Billimoria Award in the high-rise buildings category was given for the international technopark, also in Bangalore. - Larsen and Toubro Ltd (L&T) has been conferred the Indian Chemical Manufacturers Association (Icma) award for excellence in chemical plant design and engineering for 1997. 1999 - Engineering major Larsen & Toubro has bagged the EPC contract for the Rs 135 crore captive power plant being set up by Usha Martin Industries, currently known as Usha Beltron, of the Jhawars. - The promoters of HPL Cogeneration, a joint venture between Larsen & Toubro (L&T) and Haldia Petrochemicals Ltd (HPL), have converted their loans into equity shares. As a result of the conversion, which was done at a part value of Rs 10 per share, the company's equity capital has jumped from Rs 5 crore to Rs 122 crore. 2000 - Cement giants Larsen & Tubro (L&T) and Gujarat Ambuja Cements have entered a unique agreement to reduce transportation costs in despatching bulk cement in Gujarat. - Crisil has assigned the highest safety rating to engineering and construction major the company's Rs 100 crore debenture issue. - The Company its Nashik Glass Work, an accidental leakage of molten glass from furnace took place on 12th March. - Larsen and Toubro announced a "strategic partnership" with SAP India. - The Company is to set up a wholly-owned subsidiary -- `L&T Capital Company Ltd' -- to focus on business opportunities in the capital market. - L&T has formed a new company, L&T Equipment Leasing Co. Ltd., to which will be transferred the construction equipment owned by ECC-operating division. - L&T Information Technology Ltd., a wholly-owned subsidiary of Larsen and Toubro Ltd., has been awarded the National Export Award for 1998-99. - Larsen and Toubro (L&T) has floated a 26:74 joint venture with Japanese major Sharp Corporation which will absorb the company's existing distribution business of electronics office equipment. - The Company is offering a 5-year NCD issue at 11.25 per cent to mop up Rs 50 crore with a green-shoe of Rs 25 crore. - L&T has launched its slag cement under the brand name S-53 in Bellary district of Karnataka and a few districts in Andhra Pradesh. - The Company has extended its employees stock option plan to cover 500 employees all in the senior management cadre. - Larsen & Toubro's construction division has been awarded a contract for building two stadia in Quatar. - Larsen and Toubro launched the second phase of HITEC city. - The Company will increase its cement capacity by 2 million tonne to 16 million tonne, facilitated by a one million tonne grinding unit in West Bengal. - The Company will set up a private market for its engineering, procurement and construction business. - The Company, India's largest cement producer with an installed capacity of over 14 million tonne, is setting up a 1mt grinding unit at Durgapur in West Bengal. - The Company will hive off its cement business by March. - Larsen & Toubro has appointed investment bankers J P Morgan and DSP Merill Lynch to advise them on the proposed demerger of its cement division. - The Company has appointed Vijay Kumar Magapu as a successor to Achyut S Godbole, the outgoing CEO of its IT arm L&T Information Technology. - Sharp Business Systems (India) Ltd. the joint venture between Sharp Corporation and Larsen & Toubro, has launched its inkjet printers in India. - Larsen & Toubro is set to replace the Associated Cement Companies in setting up a one million tonne grinding unit in Jindal Vijaynagar Steel complex. - The Company and Gas Authority of India have agreed to collaborate in research and development, new technologies, liquefied gas plants and terminals, pipelines, petro-chemicals, power and telcommunications areas. - Larsen & Toubro has commissioned its new cement plant at Arakkonam in Tamil Nadu on December 13. - Engineering major Larsen & Toubro and German firm Demang Ergotech will form a 50:50 joint venture company to make injection moulding machines at the former's manufacturing facility in Chennai. 2001 - The Company has informed BSE that the company has entered into a joint venture with Demag Ergotech of Germany. - Larsen & Toubro has formed a separate company L&T EMSYS (L&T Embedded Systems) for embedded software development. - The Company commissioned its cement grinding plant of 1 million tonne capacity at Arakkonam in Tamil Nadu in December 2000. - L&T-DEMAG Plastics Machinery Pvt. Ltd. hte new joint venture between Larsen & Toubro Ltd and Demag Ergotech of Germany, has commenced operations. - L&T Information Technology Ltd a subsidiary of Larsen & Turbro Ltd, and Sun Microsystems Pvt. Ltd. have signed a memorandum of understanding to jointly offer e-business solutions to their customers. - L&T Information Technology, a fully-owned subsidiary of Indian's leading engineering company Larsen and Turbo, may set up a software development center in Orissa's capital. - The National Highways Authority of India (NHAI) has signed two contracts with Larsen & Toubro for the construction of two major bridges on Vijayawada-Visakhapatnam section of NH 5 in Andhra Pradesh. - Larsen & Toubro has successfully closed an $104-million syndicated term-loan facility. The initial borrower is L&T, but the loan would get transferred to the cement company as and when the demerger of its cement business was completed, - Larsen & Toubro Ltd (L&T) has bagged the Rs 121.5-crore contract to construct a 36.89-km stretch of the National Highway Four between Kanchipuram and Walajahpet along the Chennai-Bangalore highway. - Larsen & Toubro Ltd (L&T) has introduced its third voluntary retirement scheme (VRS) for unionised employees, applicable specifically to those below the managerial level. Staff costs for the just concluded fiscal stood at Rs 587.95 crore for the company. - The joint venture between Larsen & Toubro and Joannou & Paraskevaides (Overseas) Ltd of Cyprus has bagged the six-lane highway project between Jaipur and Kishangarh on NH-8 in Rajasthan which is estimated to cost around Rs 673 crore. 2002 -Buys over the shareholding of Caterpillar, USA, in its joint venture Tractor Engineers Ltd. (TENGL), makes it wholly owned subsidiary -Submits end shield to National Power Corporation of India Ltd. (NPCIL) for the first time in the country -Gets `European Standard CEM I 42.5R' accreditation for its Gujarat cement works -Financial Institutions stake increases in L&T to 37% -Grasim Industries and Larsen & Toubro together set up a task force for logistics, promotion and procurement of raw materials -Steps into Chinese market with medical equipment business -Exits from its internet trading business -Receives clearance from the Tamil Nadu govt. for its revised toll proposal for the Coimbatore bypass project -Gets Rs 37.53 cr contract from Northern Railway -Grasim Industries hikes its holding further in Larsen & Toubro (L&T) to 13 per cent -Mops up 3-month money at 6.55% -IL&FS and L&T tie up for joint development of infrastructure projects -Implements compulsory retirement scheme across all its facilities in the country -Places Rs 50 crore of five-year debentures with ICICI Securities and Finance (I-Sec) in a unique deal.The instrument, named rating contingent debenture (RCD), is the first of its kind in the Indian debt market -Closes down the loss-making subsidiary, Narmada Cement's grinding unit at Magdalla in Gujarat, citing adverse market conditions -L&T Infotech opens IBM centre -Opts for out of court settlement with three advertising agencies Prime Displays, Everest and Abiz over the dispute of non-payment of Rs 20 crore dues -Builds Rs 450-cr large hydrogen unit and refinery offsites and utilities project for IOC at Barauni -Receives prestigious contract to build an eight tower hotel-cum-residential complex in Dubai's upmarket Sheikh Zayed Road -Raises Rs 65 crore through 10 year secured bonds -L&T, Shapoorji Pallonji form joint venture to take up Cyber Tower project in Mauritius -Bags Rs 5810 million turnkey refinery order from IOC -Grasim Industries hikes stake in L&T to 14.15% from 13% -Bags two engineering, procurement & construction (EPC) contracts from Kuwait National Petroleum Company (KNPC) for revamp of Sulphur Recovery units at their refineries at Shuaiba and Mina Abdullah in Kuwait -Bags a contract worth of $23 million (over Rs 100 crore) from Lafarge Surma Cement, Bangladesh, for the construction of a 17-km-long cross-national belt conveyor -Wins two large World Bank financed lumpsum turnkey contracts having a total order of approx. $100 million form Songas Ltd, Tanzania -Cyber Towers and Cyber Gateway - L&T Infocity engages Singapore-based $700 million Ascendas Pte Ltd to commission a Rs 180 crore-mega IT complex called 'Cyber Pearl' in Hitech City near Hyderabad -Gets contract for constructing the longest flyover in New Delhi -Gets award from International Federation for Structural Concrete -Hiked its capacity to 16.5 million tonnes thus gaining its position as the largest cement company in India, overtaking the capacity of The Associated Cement Companies (ACC) -Forges an alliance with Australian firm JV International Pty Ltd to set up a project in Pondicherry to manufacture steel door and window frames -LIC increases its stake in the company to 18.5% from 17.42% -Grasim Industries sends legal notice, challenging Larsen & Toubro's attempt to demerge the cement business into a separate company 2003 -Bags $32.50 million order from Oman India Fertiliser Project -Bags Indian Oil Contract to Build Panipat PTA Plant -Wins Rs 2690 million IBRD-funded road project in Karnataka -Revamps Engineering Division, splits it into four divisions (Buildings & Factories, Civil Infrastructure, Industrial Projects & Electricals) -Obtains four licences, issued by the central government, for design, manufacture and assembly of warships, submarines and weapon platforms, radar and sonar systems and electronic warfare equipment and systems sensors, weapon launchers and armaments including missiles and rockets. Besides, the company also receives the government's nod for design and development of sophisticated armoured and other combat vehicles and bridge-laying systems on tanks -Ties up $50m loan with IFC for financial restructuring -Signs tie-up with Kobe for Hydraulic Tyre Curing Presses -Becomes the first company in the Asian region to be selected for undertaking infrastructure related work in Iraq by the United States aid agencies -L&T ECC completes electrification of Bihar rail project -Lafarge S.A, the French company, mandates Larsen and Toubro the EPC contract for constructing a 1.2 million tonnes per annum cement plant in Bangladesh -L&T and Thames Water (UK) in a 70:30 joint venture, have bagged a prestigious contract for "The Leakage Reduction Control & Water Rehabilitation Work" -Approves plan to demerge its cement business into a separate subsidiary and cede management control to Aditya Birla group flagship Grasim Industries, ending an eight-month tussle over India's largest cement company -Enters into an agreement with International Finance Corporation (IFC), the private sector arm of World Bank Group, for a long term loan of US $50 million -Gets contract for curtailment of leakage worth Rs 50 cr from BWSSB -Increases its stake in its Oman subsidiary Larsen & Toubro Oman LLC to 65 per cent from 49 per cent via the acquisition of 1.1 lakh shares -Ties up with European companies for its Electrical Standard Products (ESP) business in Europe -Henning Holck-Larsen, 96, co-founder and chairman emeritus of India's largest engineering and construction conglomerate Larsen & Toubro Ltd, passed away in Breach Candy Hospital, Mumbai, at 1.10 pm on July 27 -Bags a Rs 420 million order to build a flyover in Oman -L&T Infotech, a wholly-owned subsidiary of Larsen & Toubro Limited, has bagged a $75m order from US telecom giant Motorola for SAP implementation and mainframes -Forays into China by inducting a representative in China to supply critical modular equipment for various projects -Enters into an agreement with Citibank NA, New York offering the issuance of Global Depository Shares -Sets up a trust to acquire the holdings of Grasim Industries in the company -Bags Motorola contract worth $100m for SAP implementation and mainframes -The company has shut down its packaging business as part of a portfolio restructuring. -Tied up to finance jointly with the union bank of india for its tractors to the farmers -Picks up 30% stake in newly formed NAC Infrastructure Equipment (NACIEL) -Gets order from Shell Hazira Gas to develop Liquid natural gas -L&T bags Rs 9210 million mega order for country's largest hydel project -L&T bags Rs 7000 million Power Plant Order -L&T Board approves disposal of Glass Business -L&T secures Rs 700 cr power plant order from GMR group 2004 -L&T-John Deere sign MoU with SBM for tractor financing -L&T bags an order worth $30-m in UAE -L&T receives Rs.1370 mn order for Nuclear Power Plant Equipment -Centre grants licence to L&T to make submarines -L&T bags commendation award -L&T-John Deere join hands with BoI for tractor finance -Larsen & Toubro CMD gets corporate leadership award -Mops up Rs 225 crore by privately placing bonds with banks, mutual funds and a primary dealer -Wins a contract worth Rs 70 crore for construction of a 15-storied hotel and service apartments for the Radissons Group, making its entry into Bahrain --Bank of Baroda signed a memorandum of understanding with L&T John Deere Pvt Ltd to prop up farm sector lending. -L&T with EIL inks pact with IOC for Iran pipeline project -L&T Ties Up with US Cardiac Equipment Major Zoll Medical Corporation, USA -Larsen & Toubro (L&T) has won a contract for coal gasification equipment from China valued at Rs 95 crore -Cement division demerged, new company carved out in the name of Ultra Tech CemCo, Grasim Industries Ltd. takes majority control in Ultra Tech CemCo -Engineering major Larsen & Toubro Ltd. has won an order worth $52.5 million from the United Arab Emirates to develop a platform in an oil field in the Gulf -Launches new 35 HP tractor -L&T and BEL join hands to develop radar for Army -Tata Steel and Larsen & Toubro (L&T) signs definitive agreement to form a 50:50 joint venture for setting up a port at Dhamra in Orissa on October 29,2004 -L&T join hands with Dubal to set up alumina plant 2005 - L&T John Deere Private Ltd launches 40 HP tractor 5103 models on January 8, 2005, -L&T join hands with Dubal to set up Rs 50000 mn alumina refinery plant -L&T bags Rs 1650 mn order for Water Supply System to Greater Bangalore -L&T exits Tractor Business -L&T secures Rs 4950 mn contract for new Hyderabad Airport -L&T receives contracts from Dubai-based firm -L&T enters into MoU with DSL, Nashik for a merger of DSL with the Company under a scheme to be approved by BIFR 2006 -L&T bags a Rs 440-crore order from Zadeko Ship Management CV -L&T inks Joint Venture in Kuwait to expand construction prospects in Gulf -L&T Wins Rs 7500 mn BOT Highway Contract in Gujarat -Mumbai: Larsen & Toubro has forged technological alliance with Mitsubishi Heavy Industries for manufacture of equipment for mega power projects being planned in the country. -L&T Wins Rs 5400 crore Delhi Airport Contract. -Larsen & Toubro has given the Bonus in the Ratio of 1:1 2007 -The Boeing Company on February 08, 2007 has signed a Memorandum of Understanding (MoU) with the Larsen & Toubro Ltd , for the joint exploration of business opportunities in India's defense sector. -Larsen & Toubro Ltd (L&T) have signed on February 15, 2007, a Memorandum of Understanding (MoU) with Dassault SystŠmes (DS), which has head offices in France. -Larsen & Toubro (L&T) will set up joint ventures with Japan's Toshiba Corp and Mitsubishi Heavy Industries (MHI) to commission manufacturing facilities for super-critical turbines and boilers, which are used in coal-fired power generation plants. - Larsen & Toubro Ltd (L&T) has announced that the Company has bagged two orders valued at Rs 412 crores. - L&T bags Rs 877 crore ONGC order. - L&T bags Rs 114 crore order from SAIL. - Larsen & Toubro Ltd (L&T) has informed that the Board of Directors of the Company at its meeting held on July 03, 2007, has appointed Mr. Subodh Bhargava as an Additional Director of the Company. -Larsen & Toubro Ltd (L&T) has informed that the Board of Directors of the Company at its meeting held on July 19, 2007, has appointed Mrs. Bhagyam Ramani as a Nominee Director of the Company representing equity interest of General Insurance Corporation of India with effect from July 19, 2007 in the vacancy caused by the resignation of Mr. B P Deshmukh. - Larsen & Toubro Limited (L&T) has won a repeat order valued at over $70 million for construction of two ships from RollDock BV of Netherlands.The vessels will be built at the existing shipyard that is a part of the engineering complex at Hazira, Surat. -Larsen & Toubro Ltd (L&T) & Mitsubishi Heavy Industries Ltd ("MHI") have inked a Joint Venture Agreement for setting up a manufacturing facility to supply super-critical Steam Turbine & Generator facility in India. 2008 - Larsen & Toubro said that its electrical and electronics division has got Rs 74.7-crore contract from the Oil and Natural Gas Corporation for a SCADA system for onshore control centres (OCC). -Larsen & Toubro Ltd (L&T) has appointed Mr. A K Jain has as an Additional Director representing equity interest of the Specified Undertaking of the Unit Trust of India (SUUTI) with effect from May 29, 2008. - Larsen & Toubro Ltd has secured a Rs 1,557-crore order for supply of a steam turbine generator of 2 x 800 MW to Sri Damodaram Sanjeevaiah Thermal Power Station at Krishnapatnam, Andhra Pradesh. -The Company has issued Bonus Shares in the Ratio of 1:1. 2009 - Larsen & Toubro has received a Rs 2,000-crore order from GMR Energy for commissioning a 2x384 MW gas-based power plant at Vemagiri near Rajahmundry, Andhra Pradesh. - Larsen & Toubro's buildings and factories operating company, part of its construction division, has bagged new orders aggregating Rs. 1513 crore for the construction of high rise tower, luxury hotel, hospital and factory building projects from DB Hospitality, ITC group, NBCC and Arshiya International. - Larsen & Toubro (L&T) has secured the BoP contract valued at Rs 1635.30 crore from Madhya Pradesh Power Generation Co. Ltd, (MPPGCL) for 2 x 600 MW MALWA Coal Fired Power Plant, The project was won against stiff competition from domestic BoP bidders. - Larsen & Toubro (L&T) is readying to cash in on the sunrise sector-nuclear power as L&T will team up with the Nuclear Power Corporation of India Limited (NPCIL) to make parts for atomic units. - Larsen & Toubro's (L&T) Infrastructure Operating Company - a part of its Construction Division (ECC), has secured one of the single largest construction orders in India's Nuclear Power sector by winning a contract valued at Rs. 844 Crores from Nuclear Power Corporation of India Limited (NPCIL) for construction of the Main Plant Civil works of Reactor 3&4 at Kakrapar Atomic Power Project, Tapi (Gujarat). 2010 - Larsen & Toubro has secured orders worth Rs. 581 crore from Powergen Infrastructure and Bangalore Water Supply and Sewerage Board during the third quarter of 2009-10. According to a release, the projects will be executed by the metallurgical, material handling and water operating company of L&T construction division. - Larsen & Toubro's Buildings and Factories Operating Company, part of its construction division, has bagged new orders aggregating Rs. 2,325 crore during Q3 2009-10 for constructing of residential towers, hospital, exhibition centre, IT Park and factory building projects. - Larsen & Toubro (L&T), engineering major, on March 17 said it has bagged a project worth Rs 1,013 crore from Oil & Natural Gas Corporation (ONGC).The company has bagged the contract for four well platforms for the Mumbai High North Re-development Project. - Larsen & Toubro's (L&T) Buildings & Factories Operating Company - part of its Construction Division - has bagged new orders aggregating Rs.1500 crores recently for the construction of hospitals, residential towers and factory buildings. - Larsen & Toubro (L&T) has bagged a contract for the designing and construction of 36 high speed interceptor boats worth Rs.970 crore for the Indian Coast Guard. - Larsen & Toubro yesterday bagged orders valued at Rs 1,500 crore from various vendors in order to construct hospitals as well as residential towers and factories. - Larsen & Toubro Limited (L&T) and Rolls-Royce, the global power systems company, have signed a memorandum of understanding (MoU) for cooperation to effectively address the projected need for light water reactors (LWR) in India and internationally. 2010 - Larsen & Toubro has won a critical offshore platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs. 1,060. Besides the use of exotic materials to cater to demanding requirements, L&T will be responsible for several novel aspects in the survey, engineering, procurement, fabrication and installation of the wellhead platform. - Larsen & Toubro Ltd has informed BSE regarding a Press Release dated June 22, 2010 titled "L&T bags Rs. 827 Crore Orders for Thermal Power Plant Construction". - Larsen and Toubro's (L&T) Thermal Power Plant Construction (TPPC) Business Unit has bagged two orders worth Rs 827 crore. The company bagged one order from GVK Power for their Gautami Combined Cycle Power Plant Expansion and one from SEPCO-I for Talwandi Sabo Power Plant in Punjab. - L&T has bagged an important offshore rig refurbishment contract from ONGC and the order is valued at Rs 376 crore ($83 million). - The Andhra Pradesh government today decided to award the Rs 12,132 crore Hyderabad Metro Rail Project to Larsen and Toubro Limited (L&T), which emerged as the lowest bidder. - Larsen and Turbo (L&T) has bagged 2 projects worth Rs 1,195 crore from ONGC. - Larsen & Toubro Ltd wins INR 1,610 Cr order from Visa Power Ltd. for 1200 MW Power Plant. - Larsen & Toubro Ltd bags INR 700 Cr Orders from Water & Material Handling Sectors. - Larsen & Toubro has bagged a Rs.1,610-crore order from Visa Power, a Visa Steel Group company, for its 2x600 MW power plant being set up in Chhattisgarh. 2011 - L&T - L&T Bags Rs. 1103 Crore Orders in Railway Sector - L&T - L&T bags New Orders worth Rs. 1181 Cr in Buildings & Factories IC - L&T - L&T MHI JV Inaugurates Twin Facilities for Power Equipment Manufacture at Hazira, Surat - L&T signed an MoU to invest Rs 15,000 crore in Gujarat in infrastructure projects - L&T - L&T and Kobe Steel signed Joint Venture for Tyre & Rubber Industry Equipment - L&T - Larsen & Toubro and CASSIDIAN join forces in India to forge a long term partnership - L&T bags over Rs 1100 cr Energy project - L&T Mutual Fund launched a new scheme named as L&T FMP – III (April 180D A). - L&T - L&T bags Gas Based Power Plant EPC Order from PPN Power 2012 - Engineering and construction major Larsen and Toubro said it has bagged new orders worth over Rs 2,056 crore across various business segments during December 2011. - Larsen & Toubro (L&T) today said that it has bagged Rs 1,937 crore order for 4-laning of a major portion of Shivpuri-Dewas section of NH-3 in Madhya Pradesh from GVK Group. - L&T - L&T Construction Bags Orders Valued Rs. 1880 crore - L&T - L&T Construction Bags Orders Valued Rs. 1306 Crore - Engineering and construction giant Larsen & Toubro (L&T) today said that its financial arm L&T Finance Holdings Limited (LTFH) has entered into the housing finance business by acquiring Indo Pacific Housing Finance Ltd (IPHF), a small sized housing finance company. - L&T - "L&T Construction bags Order Worth Rs. 1700 Cr - Larsen &Toubro (L&T) and Samsung Techwin have joined hands to cooperate in the Indian Army’s Tracked Self Propelled Artillery programme. - L&T and Nexter Systems join hands for Indian army artillery programme - L&T Mutual Fund launched a new close ended income scheme named L&T FMP – VI (April90D A) with maturity time of 90 days. - L&T Joint Venture firm bags contract from Sadara Chemical Company - L&T Mutual Fund launched a new close ended income scheme named L&T FMP – VI (May91D A) with maturity time of 91 days. - L&T - L&T Construction Secures Orders Valued Over Rs 2592 Crore - L&T - L&T Construction Secures Orders Valued over Rs. 2040 Crore - L&T & Its construction arm bags new orders worth Rs 2008 cr - L&T - L&T Wins Rs. 749 Crore Contract from ONGC for 4 Wellhead Platforms - L&T - L&T Wins Prestigious Order for Manufacture of Cryostat for International Fusion Energy Project - L&T - L&T led Joint Venture wins Rs. 1252 Cr Delhi Metro Contract - Larsen & Toubro bags $250mn EPC contract in Ras Laffan, Qatar L&T bags Rs 781 cr contract from ONGC 2013 -L&T Among India's Top 5 Most Respected Companies - Businessworld -L&T Scores High in Global 500 Climate Change Report 2013 -Finance Minister Presents L&T The Economic Times Good Corporate Citizen Award - L&T Completes Acquisition of Audco India Ltd -L&T IDPL bags Rs. 1293 crore road project in Odisha -L&T Group Company Wins Saudi Aramco Contract -Larsen & Toubro has announces bonus in the ratio of 1:2 2014 -L&T Ranked Asia's 2nd Most Sustainable Company in Industrial Sector -L&T Technology Services Wins Frost & Sullivan Excellence Award -L&T Wins Golden Peacock Award for Excellence in Corporate Governance -L&T Power Wins National Energy Conservation Award -L&T Wins ICICI Foundation-CNBC TV 18 `Inclusive India' Award -L&T Construction Wins Rs.1630 Crores Expressway Project in Uttar Pradesh - L & T Bags USD 480 Million EPC orders in Bangladesh for Two Gas Based -L&T Wins Saudi Aramco Contract -L&T Wins Rs 5100 Crore Supercritical Power Plant Order from MP State Utility -L&T Construction Wins Rs. 4510 Crs Doha Metro Project 2015 -L&T Wins Golden Peacock Award for Risk Management' for 2015 -L&T Award for Excellence in Power Project Execution from the Central Board -Good Corporate Citizen Award -L&T Construction Commissions India's first 765kV Gas Insulated Substation -L&T secures Rs 5,580 cr power plant order from NTPC -L&T Signs MoU with AREVA for Jaitapur Nuclear Power Project -L&T opens new service centre in Nagpur 2016 -L&T Construction Wins Orders Valued Rs. 2871 Crores -L&T ties up with McDermott Intl for Emerging Deepwater Market in India -L&T Construction bags orders worth Rs 2213 crores -L&T bags order worth Rs 3205 cr across various businesses -L&T signs contract to build stadium in Qatar for FIFA World Cup -L&T gains on bagging Rs 2,416 cr construction orders -L&T achieves synchronization of power project -L&T signs agreement with Chiyoda Corporation -L&T Technology Services is IACC `Company of the Year' -L&T Construction Signs Contract with Maharashtra Government for Nagpur Smart City Project -L&T Construction wins a Major Railway Order valued Rs. 3799 Crores -L&T Bags Major Order from Vietnam Border Guard for High Speed Patrol Vessels -L&T JV Wins Rs. 3115 Cr Bihar New Ganga Bridge Project 2017 -L&T Construction Wins Orders Valued 2170 Crores. - L&T Construction Wins Orders Valued Rs.2170 Crores. -L&T Wins Contract Valued Around Rs 1700 Cr. to Build Crude Oil Pipeline from KOC Kuwait. -L&T Hydrocarbon Engineering Wins around 1150 Cr (177 Million USD) Contract from ONGC -L&T Construction Wins Orders Valued Rs. 2525 Crores. -L&T Construction Wins Orders Valued Rs.1600 Crore. -L&T commissions 225 MW Sikalbaha Combined Cycle Power Plant in Bangladesh. -L&T Hydrocarbon Engineering Signs 5-year Framework Agreement with Shell for Engineering, Procurement & Construction Management Services. -L&T Acquisition of partner's stake in L&T Cassidian Limited a JV Company. -Larsen & Toubro and MBDA establish Joint Venture for development of sophisticated missile systems -L&T Hydrocarbon Bags Orders Worth Around 4000 Crores. -L&T Again Plays Critical Role in ISRO's Record Mission of Launching 104 Satellites. -L&T Electrical & Automation FZE Wins Rs. 500 crore Order From Qatar Rail Company. -L&T Construction Wins Orders Valued Rs.3572 Crore. -L&T Hydrocarbon Engineering Wins Rs. 1100 Crore Order for Indmax Project from Indian Oil Corporation -L&T Hydrocarbon Engineering Led Consortium Secures Two More Awards From Saudi Aramco. -L&T Bags EPC Order for 400 MW Gas Based Power Plant in Bangladesh. -L&T Hydrocarbon Engineering Signs Agreement with Institute of Chemical Technology to Build Second Generation Ethanol Plants -L&T launches Navy s Floating Dock Reaffirms capabilities to deliver Defence projects on time -L&T won the prestigious `Best Capital Projects & Infrastructure Risk Management Award' -L&T Power has won the prestigious `FICCI Quality Systems Excellence Awards for Industry 2017 - Platinum (First) Prize in Construction Sector' 2018 -Larsen & Toubro wins significant contracts in domestic and overseas markets. -L&T received a `Special Recognition Award' in the 2018 Employer Brand Research Survey conducted in India by the global HR services provider, Randstad. -L&T Technology launches digital industrial solutions. 2019 -L&T has won the prestigious Dun & Bradstreet (D&B) Corporate Award 2019 in the Construction Infrastructure Development category. - L&T Construction was recognized as the `Best Performing Power Transmission & Distribution Organization' by the Central Board of Irrigation and Power. -L&T Construction wins orders worth Rs 1060 cr. -L&T Construction bags orders to construction of hospitals. 2020 -Larsen & Toubro wins 'large' contract from Indian Army for advanced IT-enabled network. -L&T's construction arm wins 'large' water management orders in Karnataka. -L&T launches final offshore patrol vessel for Indian Coast Guard. -L&T Wins Two Risk Management Trophies from CNBC TV18. 2021 -Larsen & Toubro was ranked fourth on LinkedIn's 2021 Top Companies List in India. In 2019 L&T was ranked 23. -L&T Hydrocarbon Engineering (LTHE) won the `Engineering Procurement Construction (EPC) - Company of the Year' award for the year 2020. -L&T construction bags order from Oilfields Supply Company Saudi. --LTI launches operational technology transformation solution with ServiceNow. --L&T bags orders for its Power Transmission & Distribution business. 2022 -L&T bags 'significant' orders for hydrocarbon business. -L&T buys Japan-based Chiyoda's entire stake in JV LTC for Rs 75 cr -L&T's construction arm bags 'significant' orders from Odisha Govt. -L&T Construction Awarded (Significant) contract for its Water & Effluent Treatment Business. -L&T bags orders under its transportation infrastructure biz. -Larsen & Toubro secures order from Bangladesh Hi-Tech Park Authority. -L&T and Microsoft ink partnership to develop regulated sector cloud offering. -LTI partners with IIT Madras. 2023. -"L&T Construction Awarded (Significant) contracts forits Water & Effluent Treatment (WET) Business". -"L&T Construction awarded a (Large) Contract toconstruct the Bhogapuram International Airport". -"L&T Construction Awarded (Large) multiple orders forits Heavy Civil Infrastructure Business". -Larsen & Toubro bagged major orders for its hydrocarbon business. -Larsen & Toubro and H2Carrier AS sign MoU in developing floating green hydrogen and green ammonia projects Topsides to be fabricated in India. 2024 -&T Precision Engineering & Systems Wins (Major*) Order for K9 Vajra-T Artillery Platforms. -&T Announces Strategic Partnership with E2E Networks to Accelerate Cloud and AI Innovation for Indian Enterprises. -Larsen & Toubro and Clean Core Thorium Energy announce Strategic Partnership in Clean Energy. -L&T Wins Contract for its Hydrocarbon Business. -L&T Launches Multi-Purpose Vessel for Indian Navy. -L&T Semiconductor Technologies-IIT Gandhinagar Join Hands to Develop Semiconductor Solutions for Projects of National Importance

1946 - On 7th February, the Company was incorporated. Larsen & Toubro carries on business as civil mechanical electrical chemical & Agricultural engineers as manufacturers as importers & exporters & as contractors. The Company represents a large number of overseas manufactures, notably manufacturers of tractors, agricultural machinery, dairy machinery, film cooling towers and general industrial and engineering plants and coal mining machinery. 1969 - With effect from 1st Oct., Alu Capsules Ltd & India, Crown Cork, Co. Ltd, both wholly owned subsidiaries were amalgamated with the company. And a new division was formed like Bottle Closure Division. 1975 - During the year, the company commissioned a plant at Bangalore for the manufacture of multipurpose hydraulic excavators and high pressure hydraulic system in collaboration with Poclain, S.A. France. 1977 - During the year Faridabad Factory become operative and commenced the manufacture of switchboards. 1979 - With effect from 1st April, Wilcox Buckwell India, Ltd another subsidiary, was merged with the company. 1981 - Utkal Machinery Ltd was amalgamated with the company with effect from 1st April. - During the year, the company signed an agreement with Hong kong ship-owners for the purchase of two bulk carriers of 27,000 DWT capacity each built in Japan at a contractual price of U.S $ 18.3 million each. - During the year company made a right issue of 13.5% convertible debentures of Rs.100 each for Rs.6 crores. 1982 - The Company's subsidiary Engineering Construction Corporation, Ltd was merged with the company with effect from 1st Oct. 1983 - During the year, the company established a cement plant with an installed capacity 1 million tonnes per annum in Chandrapur district in Maharashtra and commenced commercial production of cement. 1984 - During the year, the company signed collaboration agreement with Y.E Data, Japan for floppy disc drives, with honeywell information systems, India for dot matrix printers and with Jeumont Schneider, France for electronic PABX. Another collaboration agreement was signed with potain Poclain Material, France for manufacture of mobile cranes at Kansbahal works. The company also signed collaboration agreement with Oesterreichische Doka Schalungs-und Geruestungstechnik GmbH, Austria for farmwork systems used in the construction industry. - During the year, the company issued 55,00,000 -15% non convertible debentures of Rs.100 each for an aggregate amount of Rs.55 crores. 1985 - During the year, the Company manufactured and delivered two-end shields for Kakrapara Atomic Power Project. 1986 - During the year, the company commissioned a new factory in Hebbal Industrial Estate near Mysore in Karnataka for the manufacture of computer peripherals such as dot matrix printers and floppy disc drives. 1987 - During, the company diversified into the field of 400 KV transmission lines. 1988 - During the year company entered into collaboration agreements with Sundstrand Sauer, USA for the manufacture of axial piston units, with case vibromax, W. Germany for manufacture of vibratory compactors and with JI Case, USA, for the manufacture of wheel loaders. Also a memorandum of understanding was signed between the company and Colas S.A of France for setting up a joint venture company for production of asphalt emulsion. 1989 - A new project was commissioned at Mysore in Karnataka for the manufacture of medical electronics products. During the year the Company received industrial licences for the manufacture of ship auxiliaries and components of mechanised sailing vessels and rail track laying, track maintenance and renewal equipment. - During the year the company entered into a technical collaboration agreement with MPSI of USA for the manufacture of ring hammer mills and rotary breakers required for sizing of coal. - During the year company issued 30,000 - 13.5% debentures of Rs.1000 each to financial institutions with an option for conversion into equity shares of the company. - During March-April, the company issued 63,78,750-12.5% FCDs of 125 each of which 60,75,000 debentures were issued as rights to the equity shareholders and 3,03,750 debentures to the employees on equitable basis. - During September, the company issued 275,63,215, 12.5% FCD of aggregate value of Rs.820 crores. 1990 - During, the company entered into an agreement to take over the tractor unit of Kirloskar Pneumatic Co. Ltd. - During the year company completed construction of 200 flats for Sai Central Trust, Puttaparthy. The company also commissioned a sponge iron plant of 8,80,000 tonnes per annum capacity for Essar Steel at Hazira. - During the year following foreign collaboration agreements were entered into 1. With mannesmann Anlagenbau, Germany to bring in the latest technology in ash handling at coal-based thermal power plants, 2. With AFE Displays Ltd., UK for supervisory colour graphics controller, 3. With Western Digital Corporation, USA., for hard disk drives and 4. With Y-E Data Inc., Japan for 3.5' floppy disk drives. 1991 - During the year a major contract was signed for augmentation of the Trisuli Hydro Power Project in Nepal. 1992 - A carbonate condenser for IFFCO, Kalol was manufactured to Stami Carbon Process for the first time with the stringent requirements of ultrasonic testing for each tube-to-tube sheet joint. The company also developed ethylene oxide reactor for SM Dyechem. - During the year Co. developed public switching system with a capacity upto 10,000 lines and 2GH2 microwave transmission equipment of 30- channel and 120 -channel capacity and they were installed for field evaluation by the Department of Telecommunications. 1993 - L&T - Gould Ltd. was amalgamated with the Company effective from 1st January. During the year a new model 90 CK -111 was launched. A methanol cometics for Deepak Fertilizers and test separation for ONGC platform were delivered. A pair of endshields was also fabricated and supplied for the 235 MW Karga Atomic power project. Also the company commissioned the Max-L telephone exchange of 2000 lines extendible upto 1,10,000 lines at Chittorgarh, Rajasthan. - During the year, EWAC Alloys Ltd., on issuing further shares to collaborators and increasing their holdings to 50% ceased to be a subsidiary of the company. 1994 - During November, the company offered 80,83,832 GDR shares at a issue price of US $ 8.35 per GDR representing shares 161,67,664 equity shares at a price equivalent to 262 (at an exchange rate of Rs.31.37=US $ 1.). All the GDR were fully subscribed. The Company along with Energy Alternatives Inc., U.S.A signed a MOU with SAIL for promoting & developing 2 x 250 MW Coal based power plant at Bhilai in M.P. - During the year, the company along with Energy alternative Inc. U S A., signed a MOU with SAIL for promoting & developing 2 x 250 MW Coal based power plant at Bhilani in MP. Also the company tied up with Sargent & Lundy U S A., to offer EPC service for thermal power projects and also to form a joint venture engineering company. This joint venture would offer engineering services to power projects in India and abroad. 1995 - During the year an international scale glass container plant employing the state-of-the art technology was being set up in technical collaboration with Vetropack, Switzerland. During the same year, the company signed of memorandum of intent with Samsung Electronics Co. Ltd. of South Korea to form a joint venture for the manufacture and marketing of a vide spectrum of telecom products including large switches, transmission products, paging systems and PABX. Also signed an MoU with Orissa govt. for setting up a integrated steel plant at Gopulpur. - During the year a new cement plant at Kovaya in Gujarat with annual capacity of 15 lakh tonnes was commissioned. 1996 - During the year, the Company has two subsidiary companies namely, L&T-McNeil Limited and L & T Finance Limited, and seven associate companies namely, Audco India Limited, Ewac Alloys Limited, Tractor Engineers Limited, L&T- Niro Limited, L&T-Chiyoda Limited, L&T-Sargent & Lundy Limited and Larsen & Toubro (Oman). 1997 - The Company is also putting up captive power plants at Awarpur and Gujarat so as to ensure continuous availability of equity power at reasonable cost. - The Larsen and Toubro (L&T) Employees Association has launched an indefinite strike from January 21 protesting against the alleged harassment and victimisation of workers by the management, even as the management termed the strike illegal and contended that it had only initiated disciplinary action against some employees for misconduct and non-performance. - L&T-McNeil Limited, a subsidiary of Larsen & Toubro Limited, has been awarded the All India Special Shield for 1995-96 in the category of non-SSI New Product Exporters by the Engineering Export Promotion Council. - Larsen & Toubro (L&T) has won the Golden Peacock National Quality Award 1996 and for the year 1997 instituted by the Institute of Directors (IOD), New Delhi. - The private sector giant Larsen and Toubro (L&T) will introduce 300 varieties of computerised ready mix concrete for the first time in the country so as to develop a new concept in the building industry. - The Engineering and Construction conglomerate, Larsen & Toubro Limited (L&T), has been selected by Indian Institute of Bridge Engineers to receive the Most Outstanding Bridge National Award - 1996. The company has built 460-metre long flyover bridge at Evarard Nagar, Wadala, Mumbai, which has been chosen for the award for its excellent aesthetics and blending with the environment. - The equity shares of Larsen & Toubro Ltd., Dabur India Ltd., Great Eastern Shipping Company Ltd., Jindal Vijayanagar Steel Ltd. and Jindal Iron & Steel Ltd have been admitted for dematerialisation. - Larsen & Toubro Limited (L & T) has been marketing the world class range of fax machines from Canon in India. It has added a high-quality laser plain-paper fax machine, model L300, to the existing range. - Engineering major Larsen & Toubro has been awarded the 115 MW ISO capacity captive power project of Haldia Petrochemicals in West Bengal as an independent power producer. - Larsen & Toubro Ltd (L&T) has entered into a 50:50 joint-venture with Komatsu, Japan, to manufacture hydraulic excavators and components. - L&T has received a letter of award for setting up a combined cycle co-generation power plant for Haldia Petrochemicals Ltd (HPL) on a build-own-operate basis. - Under a memorandum of agreement signed between Larsen and Toubro Ltd and Japan's Komatsu Ltd, the two engineering companies have decided to form an alliance in the construction equipment business in India and its neighbouring countries. - Larsen and Toubro Limited (L&T) has been awarded a railway electrification contract for the Vallathol Nagar Ernakulam section in Kerala. 1998 - The joint venture has been set up for the manufacture of earthmoving equipment and has a paid-up share capital. Both L&T and Komatsu are chipping in with 50 per cent each of the equity base. - Diversified industrial giant, Larsen and Toubro (L&T) has entered into a joint venture with Dear and Co., a leading international agricultural machines company, to manufacture tractors. - Larsen & Toubro Ltd (L&T) has bagged two national awards for excellence in construction from the Association of Consulting Civil Engineers (ACCE) for 1998. The ACCE-Sarvamangala Award was given in recognition of the work done by L&T in constructing the Sree Kanteerava Indoor Stadium in Bangalore, while the ACCE-Billimoria Award in the high-rise buildings category was given for the international technopark, also in Bangalore. - Larsen and Toubro Ltd (L&T) has been conferred the Indian Chemical Manufacturers Association (Icma) award for excellence in chemical plant design and engineering for 1997. 1999 - Engineering major Larsen & Toubro has bagged the EPC contract for the Rs 135 crore captive power plant being set up by Usha Martin Industries, currently known as Usha Beltron, of the Jhawars. - The promoters of HPL Cogeneration, a joint venture between Larsen & Toubro (L&T) and Haldia Petrochemicals Ltd (HPL), have converted their loans into equity shares. As a result of the conversion, which was done at a part value of Rs 10 per share, the company's equity capital has jumped from Rs 5 crore to Rs 122 crore. 2000 - Cement giants Larsen & Tubro (L&T) and Gujarat Ambuja Cements have entered a unique agreement to reduce transportation costs in despatching bulk cement in Gujarat. - Crisil has assigned the highest safety rating to engineering and construction major the company's Rs 100 crore debenture issue. - The Company its Nashik Glass Work, an accidental leakage of molten glass from furnace took place on 12th March. - Larsen and Toubro announced a "strategic partnership" with SAP India. - The Company is to set up a wholly-owned subsidiary -- `L&T Capital Company Ltd' -- to focus on business opportunities in the capital market. - L&T has formed a new company, L&T Equipment Leasing Co. Ltd., to which will be transferred the construction equipment owned by ECC-operating division. - L&T Information Technology Ltd., a wholly-owned subsidiary of Larsen and Toubro Ltd., has been awarded the National Export Award for 1998-99. - Larsen and Toubro (L&T) has floated a 26:74 joint venture with Japanese major Sharp Corporation which will absorb the company's existing distribution business of electronics office equipment. - The Company is offering a 5-year NCD issue at 11.25 per cent to mop up Rs 50 crore with a green-shoe of Rs 25 crore. - L&T has launched its slag cement under the brand name S-53 in Bellary district of Karnataka and a few districts in Andhra Pradesh. - The Company has extended its employees stock option plan to cover 500 employees all in the senior management cadre. - Larsen & Toubro's construction division has been awarded a contract for building two stadia in Quatar. - Larsen and Toubro launched the second phase of HITEC city. - The Company will increase its cement capacity by 2 million tonne to 16 million tonne, facilitated by a one million tonne grinding unit in West Bengal. - The Company will set up a private market for its engineering, procurement and construction business. - The Company, India's largest cement producer with an installed capacity of over 14 million tonne, is setting up a 1mt grinding unit at Durgapur in West Bengal. - The Company will hive off its cement business by March. - Larsen & Toubro has appointed investment bankers J P Morgan and DSP Merill Lynch to advise them on the proposed demerger of its cement division. - The Company has appointed Vijay Kumar Magapu as a successor to Achyut S Godbole, the outgoing CEO of its IT arm L&T Information Technology. - Sharp Business Systems (India) Ltd. the joint venture between Sharp Corporation and Larsen & Toubro, has launched its inkjet printers in India. - Larsen & Toubro is set to replace the Associated Cement Companies in setting up a one million tonne grinding unit in Jindal Vijaynagar Steel complex. - The Company and Gas Authority of India have agreed to collaborate in research and development, new technologies, liquefied gas plants and terminals, pipelines, petro-chemicals, power and telcommunications areas. - Larsen & Toubro has commissioned its new cement plant at Arakkonam in Tamil Nadu on December 13. - Engineering major Larsen & Toubro and German firm Demang Ergotech will form a 50:50 joint venture company to make injection moulding machines at the former's manufacturing facility in Chennai. 2001 - The Company has informed BSE that the company has entered into a joint venture with Demag Ergotech of Germany. - Larsen & Toubro has formed a separate company L&T EMSYS (L&T Embedded Systems) for embedded software development. - The Company commissioned its cement grinding plant of 1 million tonne capacity at Arakkonam in Tamil Nadu in December 2000. - L&T-DEMAG Plastics Machinery Pvt. Ltd. hte new joint venture between Larsen & Toubro Ltd and Demag Ergotech of Germany, has commenced operations. - L&T Information Technology Ltd a subsidiary of Larsen & Turbro Ltd, and Sun Microsystems Pvt. Ltd. have signed a memorandum of understanding to jointly offer e-business solutions to their customers. - L&T Information Technology, a fully-owned subsidiary of Indian's leading engineering company Larsen and Turbo, may set up a software development center in Orissa's capital. - The National Highways Authority of India (NHAI) has signed two contracts with Larsen & Toubro for the construction of two major bridges on Vijayawada-Visakhapatnam section of NH 5 in Andhra Pradesh. - Larsen & Toubro has successfully closed an $104-million syndicated term-loan facility. The initial borrower is L&T, but the loan would get transferred to the cement company as and when the demerger of its cement business was completed, - Larsen & Toubro Ltd (L&T) has bagged the Rs 121.5-crore contract to construct a 36.89-km stretch of the National Highway Four between Kanchipuram and Walajahpet along the Chennai-Bangalore highway. - Larsen & Toubro Ltd (L&T) has introduced its third voluntary retirement scheme (VRS) for unionised employees, applicable specifically to those below the managerial level. Staff costs for the just concluded fiscal stood at Rs 587.95 crore for the company. - The joint venture between Larsen & Toubro and Joannou & Paraskevaides (Overseas) Ltd of Cyprus has bagged the six-lane highway project between Jaipur and Kishangarh on NH-8 in Rajasthan which is estimated to cost around Rs 673 crore. 2002 -Buys over the shareholding of Caterpillar, USA, in its joint venture Tractor Engineers Ltd. (TENGL), makes it wholly owned subsidiary -Submits end shield to National Power Corporation of India Ltd. (NPCIL) for the first time in the country -Gets `European Standard CEM I 42.5R' accreditation for its Gujarat cement works -Financial Institutions stake increases in L&T to 37% -Grasim Industries and Larsen & Toubro together set up a task force for logistics, promotion and procurement of raw materials -Steps into Chinese market with medical equipment business -Exits from its internet trading business -Receives clearance from the Tamil Nadu govt. for its revised toll proposal for the Coimbatore bypass project -Gets Rs 37.53 cr contract from Northern Railway -Grasim Industries hikes its holding further in Larsen & Toubro (L&T) to 13 per cent -Mops up 3-month money at 6.55% -IL&FS and L&T tie up for joint development of infrastructure projects -Implements compulsory retirement scheme across all its facilities in the country -Places Rs 50 crore of five-year debentures with ICICI Securities and Finance (I-Sec) in a unique deal.The instrument, named rating contingent debenture (RCD), is the first of its kind in the Indian debt market -Closes down the loss-making subsidiary, Narmada Cement's grinding unit at Magdalla in Gujarat, citing adverse market conditions -L&T Infotech opens IBM centre -Opts for out of court settlement with three advertising agencies Prime Displays, Everest and Abiz over the dispute of non-payment of Rs 20 crore dues -Builds Rs 450-cr large hydrogen unit and refinery offsites and utilities project for IOC at Barauni -Receives prestigious contract to build an eight tower hotel-cum-residential complex in Dubai's upmarket Sheikh Zayed Road -Raises Rs 65 crore through 10 year secured bonds -L&T, Shapoorji Pallonji form joint venture to take up Cyber Tower project in Mauritius -Bags Rs 5810 million turnkey refinery order from IOC -Grasim Industries hikes stake in L&T to 14.15% from 13% -Bags two engineering, procurement & construction (EPC) contracts from Kuwait National Petroleum Company (KNPC) for revamp of Sulphur Recovery units at their refineries at Shuaiba and Mina Abdullah in Kuwait -Bags a contract worth of $23 million (over Rs 100 crore) from Lafarge Surma Cement, Bangladesh, for the construction of a 17-km-long cross-national belt conveyor -Wins two large World Bank financed lumpsum turnkey contracts having a total order of approx. $100 million form Songas Ltd, Tanzania -Cyber Towers and Cyber Gateway - L&T Infocity engages Singapore-based $700 million Ascendas Pte Ltd to commission a Rs 180 crore-mega IT complex called 'Cyber Pearl' in Hitech City near Hyderabad -Gets contract for constructing the longest flyover in New Delhi -Gets award from International Federation for Structural Concrete -Hiked its capacity to 16.5 million tonnes thus gaining its position as the largest cement company in India, overtaking the capacity of The Associated Cement Companies (ACC) -Forges an alliance with Australian firm JV International Pty Ltd to set up a project in Pondicherry to manufacture steel door and window frames -LIC increases its stake in the company to 18.5% from 17.42% -Grasim Industries sends legal notice, challenging Larsen & Toubro's attempt to demerge the cement business into a separate company 2003 -Bags $32.50 million order from Oman India Fertiliser Project -Bags Indian Oil Contract to Build Panipat PTA Plant -Wins Rs 2690 million IBRD-funded road project in Karnataka -Revamps Engineering Division, splits it into four divisions (Buildings & Factories, Civil Infrastructure, Industrial Projects & Electricals) -Obtains four licences, issued by the central government, for design, manufacture and assembly of warships, submarines and weapon platforms, radar and sonar systems and electronic warfare equipment and systems sensors, weapon launchers and armaments including missiles and rockets. Besides, the company also receives the government's nod for design and development of sophisticated armoured and other combat vehicles and bridge-laying systems on tanks -Ties up $50m loan with IFC for financial restructuring -Signs tie-up with Kobe for Hydraulic Tyre Curing Presses -Becomes the first company in the Asian region to be selected for undertaking infrastructure related work in Iraq by the United States aid agencies -L&T ECC completes electrification of Bihar rail project -Lafarge S.A, the French company, mandates Larsen and Toubro the EPC contract for constructing a 1.2 million tonnes per annum cement plant in Bangladesh -L&T and Thames Water (UK) in a 70:30 joint venture, have bagged a prestigious contract for "The Leakage Reduction Control & Water Rehabilitation Work" -Approves plan to demerge its cement business into a separate subsidiary and cede management control to Aditya Birla group flagship Grasim Industries, ending an eight-month tussle over India's largest cement company -Enters into an agreement with International Finance Corporation (IFC), the private sector arm of World Bank Group, for a long term loan of US $50 million -Gets contract for curtailment of leakage worth Rs 50 cr from BWSSB -Increases its stake in its Oman subsidiary Larsen & Toubro Oman LLC to 65 per cent from 49 per cent via the acquisition of 1.1 lakh shares -Ties up with European companies for its Electrical Standard Products (ESP) business in Europe -Henning Holck-Larsen, 96, co-founder and chairman emeritus of India's largest engineering and construction conglomerate Larsen & Toubro Ltd, passed away in Breach Candy Hospital, Mumbai, at 1.10 pm on July 27 -Bags a Rs 420 million order to build a flyover in Oman -L&T Infotech, a wholly-owned subsidiary of Larsen & Toubro Limited, has bagged a $75m order from US telecom giant Motorola for SAP implementation and mainframes -Forays into China by inducting a representative in China to supply critical modular equipment for various projects -Enters into an agreement with Citibank NA, New York offering the issuance of Global Depository Shares -Sets up a trust to acquire the holdings of Grasim Industries in the company -Bags Motorola contract worth $100m for SAP implementation and mainframes -The company has shut down its packaging business as part of a portfolio restructuring. -Tied up to finance jointly with the union bank of india for its tractors to the farmers -Picks up 30% stake in newly formed NAC Infrastructure Equipment (NACIEL) -Gets order from Shell Hazira Gas to develop Liquid natural gas -L&T bags Rs 9210 million mega order for country's largest hydel project -L&T bags Rs 7000 million Power Plant Order -L&T Board approves disposal of Glass Business -L&T secures Rs 700 cr power plant order from GMR group 2004 -L&T-John Deere sign MoU with SBM for tractor financing -L&T bags an order worth $30-m in UAE -L&T receives Rs.1370 mn order for Nuclear Power Plant Equipment -Centre grants licence to L&T to make submarines -L&T bags commendation award -L&T-John Deere join hands with BoI for tractor finance -Larsen & Toubro CMD gets corporate leadership award -Mops up Rs 225 crore by privately placing bonds with banks, mutual funds and a primary dealer -Wins a contract worth Rs 70 crore for construction of a 15-storied hotel and service apartments for the Radissons Group, making its entry into Bahrain --Bank of Baroda signed a memorandum of understanding with L&T John Deere Pvt Ltd to prop up farm sector lending. -L&T with EIL inks pact with IOC for Iran pipeline project -L&T Ties Up with US Cardiac Equipment Major Zoll Medical Corporation, USA -Larsen & Toubro (L&T) has won a contract for coal gasification equipment from China valued at Rs 95 crore -Cement division demerged, new company carved out in the name of Ultra Tech CemCo, Grasim Industries Ltd. takes majority control in Ultra Tech CemCo -Engineering major Larsen & Toubro Ltd. has won an order worth $52.5 million from the United Arab Emirates to develop a platform in an oil field in the Gulf -Launches new 35 HP tractor -L&T and BEL join hands to develop radar for Army -Tata Steel and Larsen & Toubro (L&T) signs definitive agreement to form a 50:50 joint venture for setting up a port at Dhamra in Orissa on October 29,2004 -L&T join hands with Dubal to set up alumina plant 2005 - L&T John Deere Private Ltd launches 40 HP tractor 5103 models on January 8, 2005, -L&T join hands with Dubal to set up Rs 50000 mn alumina refinery plant -L&T bags Rs 1650 mn order for Water Supply System to Greater Bangalore -L&T exits Tractor Business -L&T secures Rs 4950 mn contract for new Hyderabad Airport -L&T receives contracts from Dubai-based firm -L&T enters into MoU with DSL, Nashik for a merger of DSL with the Company under a scheme to be approved by BIFR 2006 -L&T bags a Rs 440-crore order from Zadeko Ship Management CV -L&T inks Joint Venture in Kuwait to expand construction prospects in Gulf -L&T Wins Rs 7500 mn BOT Highway Contract in Gujarat -Mumbai: Larsen & Toubro has forged technological alliance with Mitsubishi Heavy Industries for manufacture of equipment for mega power projects being planned in the country. -L&T Wins Rs 5400 crore Delhi Airport Contract. -Larsen & Toubro has given the Bonus in the Ratio of 1:1 2007 -The Boeing Company on February 08, 2007 has signed a Memorandum of Understanding (MoU) with the Larsen & Toubro Ltd , for the joint exploration of business opportunities in India's defense sector. -Larsen & Toubro Ltd (L&T) have signed on February 15, 2007, a Memorandum of Understanding (MoU) with Dassault SystŠmes (DS), which has head offices in France. -Larsen & Toubro (L&T) will set up joint ventures with Japan's Toshiba Corp and Mitsubishi Heavy Industries (MHI) to commission manufacturing facilities for super-critical turbines and boilers, which are used in coal-fired power generation plants. - Larsen & Toubro Ltd (L&T) has announced that the Company has bagged two orders valued at Rs 412 crores. - L&T bags Rs 877 crore ONGC order. - L&T bags Rs 114 crore order from SAIL. - Larsen & Toubro Ltd (L&T) has informed that the Board of Directors of the Company at its meeting held on July 03, 2007, has appointed Mr. Subodh Bhargava as an Additional Director of the Company. -Larsen & Toubro Ltd (L&T) has informed that the Board of Directors of the Company at its meeting held on July 19, 2007, has appointed Mrs. Bhagyam Ramani as a Nominee Director of the Company representing equity interest of General Insurance Corporation of India with effect from July 19, 2007 in the vacancy caused by the resignation of Mr. B P Deshmukh. - Larsen & Toubro Limited (L&T) has won a repeat order valued at over $70 million for construction of two ships from RollDock BV of Netherlands.The vessels will be built at the existing shipyard that is a part of the engineering complex at Hazira, Surat. -Larsen & Toubro Ltd (L&T) & Mitsubishi Heavy Industries Ltd ("MHI") have inked a Joint Venture Agreement for setting up a manufacturing facility to supply super-critical Steam Turbine & Generator facility in India. 2008 - Larsen & Toubro said that its electrical and electronics division has got Rs 74.7-crore contract from the Oil and Natural Gas Corporation for a SCADA system for onshore control centres (OCC). -Larsen & Toubro Ltd (L&T) has appointed Mr. A K Jain has as an Additional Director representing equity interest of the Specified Undertaking of the Unit Trust of India (SUUTI) with effect from May 29, 2008. - Larsen & Toubro Ltd has secured a Rs 1,557-crore order for supply of a steam turbine generator of 2 x 800 MW to Sri Damodaram Sanjeevaiah Thermal Power Station at Krishnapatnam, Andhra Pradesh. -The Company has issued Bonus Shares in the Ratio of 1:1. 2009 - Larsen & Toubro has received a Rs 2,000-crore order from GMR Energy for commissioning a 2x384 MW gas-based power plant at Vemagiri near Rajahmundry, Andhra Pradesh. - Larsen & Toubro's buildings and factories operating company, part of its construction division, has bagged new orders aggregating Rs. 1513 crore for the construction of high rise tower, luxury hotel, hospital and factory building projects from DB Hospitality, ITC group, NBCC and Arshiya International. - Larsen & Toubro (L&T) has secured the BoP contract valued at Rs 1635.30 crore from Madhya Pradesh Power Generation Co. Ltd, (MPPGCL) for 2 x 600 MW MALWA Coal Fired Power Plant, The project was won against stiff competition from domestic BoP bidders. - Larsen & Toubro (L&T) is readying to cash in on the sunrise sector-nuclear power as L&T will team up with the Nuclear Power Corporation of India Limited (NPCIL) to make parts for atomic units. - Larsen & Toubro's (L&T) Infrastructure Operating Company - a part of its Construction Division (ECC), has secured one of the single largest construction orders in India's Nuclear Power sector by winning a contract valued at Rs. 844 Crores from Nuclear Power Corporation of India Limited (NPCIL) for construction of the Main Plant Civil works of Reactor 3&4 at Kakrapar Atomic Power Project, Tapi (Gujarat). 2010 - Larsen & Toubro has secured orders worth Rs. 581 crore from Powergen Infrastructure and Bangalore Water Supply and Sewerage Board during the third quarter of 2009-10. According to a release, the projects will be executed by the metallurgical, material handling and water operating company of L&T construction division. - Larsen & Toubro's Buildings and Factories Operating Company, part of its construction division, has bagged new orders aggregating Rs. 2,325 crore during Q3 2009-10 for constructing of residential towers, hospital, exhibition centre, IT Park and factory building projects. - Larsen & Toubro (L&T), engineering major, on March 17 said it has bagged a project worth Rs 1,013 crore from Oil & Natural Gas Corporation (ONGC).The company has bagged the contract for four well platforms for the Mumbai High North Re-development Project. - Larsen & Toubro's (L&T) Buildings & Factories Operating Company - part of its Construction Division - has bagged new orders aggregating Rs.1500 crores recently for the construction of hospitals, residential towers and factory buildings. - Larsen & Toubro (L&T) has bagged a contract for the designing and construction of 36 high speed interceptor boats worth Rs.970 crore for the Indian Coast Guard. - Larsen & Toubro yesterday bagged orders valued at Rs 1,500 crore from various vendors in order to construct hospitals as well as residential towers and factories. - Larsen & Toubro Limited (L&T) and Rolls-Royce, the global power systems company, have signed a memorandum of understanding (MoU) for cooperation to effectively address the projected need for light water reactors (LWR) in India and internationally. 2010 - Larsen & Toubro has won a critical offshore platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs. 1,060. Besides the use of exotic materials to cater to demanding requirements, L&T will be responsible for several novel aspects in the survey, engineering, procurement, fabrication and installation of the wellhead platform. - Larsen & Toubro Ltd has informed BSE regarding a Press Release dated June 22, 2010 titled "L&T bags Rs. 827 Crore Orders for Thermal Power Plant Construction". - Larsen and Toubro's (L&T) Thermal Power Plant Construction (TPPC) Business Unit has bagged two orders worth Rs 827 crore. The company bagged one order from GVK Power for their Gautami Combined Cycle Power Plant Expansion and one from SEPCO-I for Talwandi Sabo Power Plant in Punjab. - L&T has bagged an important offshore rig refurbishment contract from ONGC and the order is valued at Rs 376 crore ($83 million). - The Andhra Pradesh government today decided to award the Rs 12,132 crore Hyderabad Metro Rail Project to Larsen and Toubro Limited (L&T), which emerged as the lowest bidder. - Larsen and Turbo (L&T) has bagged 2 projects worth Rs 1,195 crore from ONGC. - Larsen & Toubro Ltd wins INR 1,610 Cr order from Visa Power Ltd. for 1200 MW Power Plant. - Larsen & Toubro Ltd bags INR 700 Cr Orders from Water & Material Handling Sectors. - Larsen & Toubro has bagged a Rs.1,610-crore order from Visa Power, a Visa Steel Group company, for its 2x600 MW power plant being set up in Chhattisgarh. 2011 - L&T - L&T Bags Rs. 1103 Crore Orders in Railway Sector - L&T - L&T bags New Orders worth Rs. 1181 Cr in Buildings & Factories IC - L&T - L&T MHI JV Inaugurates Twin Facilities for Power Equipment Manufacture at Hazira, Surat - L&T signed an MoU to invest Rs 15,000 crore in Gujarat in infrastructure projects - L&T - L&T and Kobe Steel signed Joint Venture for Tyre & Rubber Industry Equipment - L&T - Larsen & Toubro and CASSIDIAN join forces in India to forge a long term partnership - L&T bags over Rs 1100 cr Energy project - L&T Mutual Fund launched a new scheme named as L&T FMP – III (April 180D A). - L&T - L&T bags Gas Based Power Plant EPC Order from PPN Power 2012 - Engineering and construction major Larsen and Toubro said it has bagged new orders worth over Rs 2,056 crore across various business segments during December 2011. - Larsen & Toubro (L&T) today said that it has bagged Rs 1,937 crore order for 4-laning of a major portion of Shivpuri-Dewas section of NH-3 in Madhya Pradesh from GVK Group. - L&T - L&T Construction Bags Orders Valued Rs. 1880 crore - L&T - L&T Construction Bags Orders Valued Rs. 1306 Crore - Engineering and construction giant Larsen & Toubro (L&T) today said that its financial arm L&T Finance Holdings Limited (LTFH) has entered into the housing finance business by acquiring Indo Pacific Housing Finance Ltd (IPHF), a small sized housing finance company. - L&T - "L&T Construction bags Order Worth Rs. 1700 Cr - Larsen &Toubro (L&T) and Samsung Techwin have joined hands to cooperate in the Indian Army’s Tracked Self Propelled Artillery programme. - L&T and Nexter Systems join hands for Indian army artillery programme - L&T Mutual Fund launched a new close ended income scheme named L&T FMP – VI (April90D A) with maturity time of 90 days. - L&T Joint Venture firm bags contract from Sadara Chemical Company - L&T Mutual Fund launched a new close ended income scheme named L&T FMP – VI (May91D A) with maturity time of 91 days. - L&T - L&T Construction Secures Orders Valued Over Rs 2592 Crore - L&T - L&T Construction Secures Orders Valued over Rs. 2040 Crore - L&T & Its construction arm bags new orders worth Rs 2008 cr - L&T - L&T Wins Rs. 749 Crore Contract from ONGC for 4 Wellhead Platforms - L&T - L&T Wins Prestigious Order for Manufacture of Cryostat for International Fusion Energy Project - L&T - L&T led Joint Venture wins Rs. 1252 Cr Delhi Metro Contract - Larsen & Toubro bags $250mn EPC contract in Ras Laffan, Qatar L&T bags Rs 781 cr contract from ONGC 2013 -L&T Among India's Top 5 Most Respected Companies - Businessworld -L&T Scores High in Global 500 Climate Change Report 2013 -Finance Minister Presents L&T The Economic Times Good Corporate Citizen Award - L&T Completes Acquisition of Audco India Ltd -L&T IDPL bags Rs. 1293 crore road project in Odisha -L&T Group Company Wins Saudi Aramco Contract -Larsen & Toubro has announces bonus in the ratio of 1:2 2014 -L&T Ranked Asia's 2nd Most Sustainable Company in Industrial Sector -L&T Technology Services Wins Frost & Sullivan Excellence Award -L&T Wins Golden Peacock Award for Excellence in Corporate Governance -L&T Power Wins National Energy Conservation Award -L&T Wins ICICI Foundation-CNBC TV 18 `Inclusive India' Award -L&T Construction Wins Rs.1630 Crores Expressway Project in Uttar Pradesh - L & T Bags USD 480 Million EPC orders in Bangladesh for Two Gas Based -L&T Wins Saudi Aramco Contract -L&T Wins Rs 5100 Crore Supercritical Power Plant Order from MP State Utility -L&T Construction Wins Rs. 4510 Crs Doha Metro Project 2015 -L&T Wins Golden Peacock Award for Risk Management' for 2015 -L&T Award for Excellence in Power Project Execution from the Central Board -Good Corporate Citizen Award -L&T Construction Commissions India's first 765kV Gas Insulated Substation -L&T secures Rs 5,580 cr power plant order from NTPC -L&T Signs MoU with AREVA for Jaitapur Nuclear Power Project -L&T opens new service centre in Nagpur 2016 -L&T Construction Wins Orders Valued Rs. 2871 Crores -L&T ties up with McDermott Intl for Emerging Deepwater Market in India -L&T Construction bags orders worth Rs 2213 crores -L&T bags order worth Rs 3205 cr across various businesses -L&T signs contract to build stadium in Qatar for FIFA World Cup -L&T gains on bagging Rs 2,416 cr construction orders -L&T achieves synchronization of power project -L&T signs agreement with Chiyoda Corporation -L&T Technology Services is IACC `Company of the Year' -L&T Construction Signs Contract with Maharashtra Government for Nagpur Smart City Project -L&T Construction wins a Major Railway Order valued Rs. 3799 Crores -L&T Bags Major Order from Vietnam Border Guard for High Speed Patrol Vessels -L&T JV Wins Rs. 3115 Cr Bihar New Ganga Bridge Project 2017 -L&T Construction Wins Orders Valued 2170 Crores. - L&T Construction Wins Orders Valued Rs.2170 Crores. -L&T Wins Contract Valued Around Rs 1700 Cr. to Build Crude Oil Pipeline from KOC Kuwait. -L&T Hydrocarbon Engineering Wins around 1150 Cr (177 Million USD) Contract from ONGC -L&T Construction Wins Orders Valued Rs. 2525 Crores. -L&T Construction Wins Orders Valued Rs.1600 Crore. -L&T commissions 225 MW Sikalbaha Combined Cycle Power Plant in Bangladesh. -L&T Hydrocarbon Engineering Signs 5-year Framework Agreement with Shell for Engineering, Procurement & Construction Management Services. -L&T Acquisition of partner's stake in L&T Cassidian Limited a JV Company. -Larsen & Toubro and MBDA establish Joint Venture for development of sophisticated missile systems -L&T Hydrocarbon Bags Orders Worth Around 4000 Crores. -L&T Again Plays Critical Role in ISRO's Record Mission of Launching 104 Satellites. -L&T Electrical & Automation FZE Wins Rs. 500 crore Order From Qatar Rail Company. -L&T Construction Wins Orders Valued Rs.3572 Crore. -L&T Hydrocarbon Engineering Wins Rs. 1100 Crore Order for Indmax Project from Indian Oil Corporation -L&T Hydrocarbon Engineering Led Consortium Secures Two More Awards From Saudi Aramco. -L&T Bags EPC Order for 400 MW Gas Based Power Plant in Bangladesh. -L&T Hydrocarbon Engineering Signs Agreement with Institute of Chemical Technology to Build Second Generation Ethanol Plants -L&T launches Navy s Floating Dock Reaffirms capabilities to deliver Defence projects on time -L&T won the prestigious `Best Capital Projects & Infrastructure Risk Management Award' -L&T Power has won the prestigious `FICCI Quality Systems Excellence Awards for Industry 2017 - Platinum (First) Prize in Construction Sector' 2018 -Larsen & Toubro wins significant contracts in domestic and overseas markets. -L&T received a `Special Recognition Award' in the 2018 Employer Brand Research Survey conducted in India by the global HR services provider, Randstad. -L&T Technology launches digital industrial solutions. 2019 -L&T has won the prestigious Dun & Bradstreet (D&B) Corporate Award 2019 in the Construction Infrastructure Development category. - L&T Construction was recognized as the `Best Performing Power Transmission & Distribution Organization' by the Central Board of Irrigation and Power. -L&T Construction wins orders worth Rs 1060 cr. -L&T Construction bags orders to construction of hospitals. 2020 -Larsen & Toubro wins 'large' contract from Indian Army for advanced IT-enabled network. -L&T's construction arm wins 'large' water management orders in Karnataka. -L&T launches final offshore patrol vessel for Indian Coast Guard. -L&T Wins Two Risk Management Trophies from CNBC TV18. 2021 -Larsen & Toubro was ranked fourth on LinkedIn's 2021 Top Companies List in India. In 2019 L&T was ranked 23. -L&T Hydrocarbon Engineering (LTHE) won the `Engineering Procurement Construction (EPC) - Company of the Year' award for the year 2020. -L&T construction bags order from Oilfields Supply Company Saudi. --LTI launches operational technology transformation solution with ServiceNow. --L&T bags orders for its Power Transmission & Distribution business. 2022 -L&T bags 'significant' orders for hydrocarbon business. -L&T buys Japan-based Chiyoda's entire stake in JV LTC for Rs 75 cr -L&T's construction arm bags 'significant' orders from Odisha Govt. -L&T Construction Awarded (Significant) contract for its Water & Effluent Treatment Business. -L&T bags orders under its transportation infrastructure biz. -Larsen & Toubro secures order from Bangladesh Hi-Tech Park Authority. -L&T and Microsoft ink partnership to develop regulated sector cloud offering. -LTI partners with IIT Madras. 2023. -"L&T Construction Awarded (Significant) contracts forits Water & Effluent Treatment (WET) Business". -"L&T Construction awarded a (Large) Contract toconstruct the Bhogapuram International Airport". -"L&T Construction Awarded (Large) multiple orders forits Heavy Civil Infrastructure Business". -Larsen & Toubro bagged major orders for its hydrocarbon business. -Larsen & Toubro and H2Carrier AS sign MoU in developing floating green hydrogen and green ammonia projects Topsides to be fabricated in India. 2024 -&T Precision Engineering & Systems Wins (Major*) Order for K9 Vajra-T Artillery Platforms. -&T Announces Strategic Partnership with E2E Networks to Accelerate Cloud and AI Innovation for Indian Enterprises. -Larsen & Toubro and Clean Core Thorium Energy announce Strategic Partnership in Clean Energy. -L&T Wins Contract for its Hydrocarbon Business. -L&T Launches Multi-Purpose Vessel for Indian Navy. -L&T Semiconductor Technologies-IIT Gandhinagar Join Hands to Develop Semiconductor Solutions for Projects of National Importance

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Parent Organisation

Larsen & Toubro Ltd.

Founded

07/02/1946

Managing Director

Mr.S N Subrahmanyan

NSE Symbol

LTEQ

FAQ

The current price of Larsen and Toubro Ltd is ₹ 3322.30.

The 52-week high for Larsen and Toubro Ltd is ₹ 3376.40 and the 52-week low is ₹ 3315.00.

The market capitalization of Larsen and Toubro Ltd is currently ₹ 467224.10. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

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The CEO of Larsen and Toubro Ltd is Mr.S N Subrahmanyan, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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