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Larsen & Toubro Ltd (LART.BO)

LART.BO on Bombay Stock Exchange

1,124.40INR
23 Aug 2017
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674,841
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Rs1,222.67
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Rs863.53

Latest Key Developments (Source: Significant Developments)

Larsen & Toubro gets shareholders' nod to appoint S.N Subrahmanyan as CEO, MD
3:11am EDT 

Aug 23 (Reuters) - Larsen & Toubro Ltd :Gets shareholders' nod to appoint S.N Subrahmanyan as CEO, MD.Gets shareholders' nod to raise funds worth up to 40 billion rupees via issue of securities.Gets shareholders' nod for issue of NCDs worth INR 60 billion.  Full Article

Larsen & Toubro to divest entire stake in L&T Cutting Tools for 1.74 bln rupees
Wednesday, 16 Aug 2017 06:52am EDT 

Aug 16 (Reuters) - Larsen & Toubro Ltd ::Says entered into definitive agreement on August 16, 2017 for divestment of its entire stake in L&T Cutting Tools Limited.Says agreement with IMC International Metalworking Companies B.V, a company owned by Berkshire Hathaway Inc.Says consideration for sale is 1.74 billion rupees.  Full Article

Larsen & Toubro to build light rail system (metro express) in Mauritius
Wednesday, 2 Aug 2017 01:20am EDT 

Aug 2 (Reuters) - Larsen & Toubro Ltd :Says L&T to build light rail system (metro express) in mauritius.Says contract for INR 33.75 billion.Project to be funded via India government grant and line of credit.  Full Article

India's Larsen and Toubro exec says on track to achieve guidance on order inflow
Friday, 28 Jul 2017 07:59am EDT 

July 28 (Reuters) - India's Larsen And Toubro ::Exec says GST readjustment would be a transitionary period.Exec says July-Sept quarter will be litmus test for transition to GST.Exec says we are on track to achieve guidance on order inflow.Exec says we have robust order backlog which can ensure good margins in future.Exec says we might take some international orders in the power sector.Exec says GST is still a work in progress for us and it is too early to predict how it will impact.Exec says before Q3 we should see some development on the defence business.Exec says Hyderabad metro project has seen 2 years delay, seen cost escalation.Exec says we are evaluating feasibility of an InvIT.Exec says have around $2.5-3 billion exposure in Qatar, don't foresee any adverse impact due to boycott of country by neighbours.  Full Article

India's Larsen & Toubro June-qtr consol profit up about 46 pct
Friday, 28 Jul 2017 06:47am EDT 

July 28 (Reuters) - Larsen & Toubro Ltd :June quarter consol net profit 8.93 billion rupees versus profit of 6.10 billion rupees last year.Consensus forecast for June quarter consol profit was 9.27 billion rupees.June quarter consol total income 243.75 billion rupees versus 221.80 billion rupees last year.Consolidated order book at 2.63 trln rupees at quarter end.International order book constituted 26 percent of total order book for June quarter.Larsen & toubro - co optimistic about growth in medium term as economic outlook improves.  Full Article

Larsen & Toubro gets members' nod for issue of bonus shares
Wednesday, 5 Jul 2017 04:17am EDT 

July 5 (Reuters) - Larsen & Toubro Ltd :Gets members' nod for issue of bonus shares in 1:2 ratio.  Full Article

Larsen & Toubro says S.N. Subrahmanyan to assume office as CEO, MD from July 1
Friday, 30 Jun 2017 01:07am EDT 

June 30 (Reuters) - Larsen & Toubro Ltd :Says S.N. Subrahmanyan to assume office as ceo and md of l&t from July 1, 2017.Says A M Naik to continue as non-executive chairman.  Full Article

Larsen & Toubro says L&T Construction wins orders valued 25.52 b;n rupees
Monday, 26 Jun 2017 11:59pm EDT 

June 27 (Reuters) - Larsen & Toubro Ltd ::Says L&T Construction wins orders valued 25.52 billion rupees.  Full Article

BRIEF-Larsen & Toubro seeks members' nod for issue of bonus shares in 1:2 ratio (June 1)
Friday, 2 Jun 2017 01:03am EDT 

Corrects headline and text to say company seeks members' nod, not approves bonus issue:Says seeks members' nod for issue of bonus shares in the ratio of 1:2.  Full Article

BRIEF-Larsen & Toubro seeks members' nod for issue of bonus shares in 1:2 ratio (June 1)
Friday, 2 Jun 2017 12:55am EDT 

Corrects headline and text to say company seeks members' nod, not approves bonus issue:Says seeks members' nod for issue of bonus shares in the ratio of 1:2.  Full Article

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