Key Developments: Larsen & Toubro Ltd (LART.BO)

LART.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Larsen & Toubro Ltd's technology services arm secures contract from AkzoNobel-Business Standard
Wednesday, 16 Jul 2014 07:44am EDT 

Larsen & Toubro Ltd:Says its technology services arm has bagged a contract from AkzoNobel to provide technical assistance and reduce capital expenditure-Business Standard.L&T Technology Services will provide engineering services for capex projects by executing non IP-sensitive engineering activities in front-end engineering design and in the detailed design phase.L&T will also provide access to a vendor network and support shortening of project lead times.  Full Article

Larsen & Toubro Ltd's subsidiary secures contract
Monday, 14 Jul 2014 06:09am EDT 

Larsen & Toubro Ltd:Says a subsidiary L&T Hydrocarbon secured a contract valued at 239.7 mln Kuwaiti Dinars from Kuwait Oil Company(KOC).It is to execute a complete engineer procure-construct contract for a Gathering Centre of KOC a subsidiary of Kuwait Petroleum Corp.  Full Article

Larsen & Toubro Ltd's L&T Construction wins orders valued at 14.59 bln Indian rupees
Thursday, 3 Jul 2014 12:21am EDT 

Larsen & Toubro Ltd:Says that L&T Construction has won new orders worth 14.59 bln Indian rupees across various business segments in June 2014.Says Building & Factories business has received orders worth 11.7 bln Indian rupees.Additional orders valued 2.86 bln Indian rupees have been received for Transportation Infrastructure Business.  Full Article

Larsen & Toubro Ltd wins orders valued at 20.02 bln Indian rupees
Wednesday, 2 Jul 2014 12:51am EDT 

Larsen & Toubro Ltd:Says that L&T Construction has won new orders worth 20.02 bln Indian rupees across various business segments in June 2014.Says heavy civil infrastructure business has received order worth 15.47 bln Indian rupees.Says power transmission business has received order worth 3.92 bln Indian rupees in both domestic and international markets.  Full Article

Cyan Holdings Plc and Larsen & Toubro consortium gets contract
Tuesday, 1 Jul 2014 02:00am EDT 

Cyan Holdings Plc:Says a consortium led by Larsen & Toubro (L&T) has been selected by Tata Power Mumbai for the deployment of Cyan's CyLec Advanced Metering Infrastructure (AMI) solution in India.L&T (consortium lead partner), Cyan and Neosilica, who in partnership will provide an integrated CyLec AMI solution to Tata.L&T will supply smart meters, with CyLec wireless technology inside, and Neosilica will provide a Meter Data Acquisition System (MDAS) interface from Cyan's Head End Server into Tata's Meter Data Management System for billing and fault management.  Full Article

Larsen & Toubro Ltd wins orders valued 24.42 bln Indian rupees in telecom segment
Tuesday, 1 Jul 2014 12:40am EDT 

Larsen & Toubro Ltd:Says that its Power Transmission & Distribution Business has secured major contract worth 24.42 bln Indian rupees from Bharat Sanchar Nigam Ltd, project implementation agency for ministry of defense.Contract is for supply, trenching, laying, installation, testing and commissioning of optical fiber cable network.  Full Article

Larsen & Toubro Ltd's L&T Technology Services forms joint venture with Thales to strengthen Avionics Business
Thursday, 26 Jun 2014 04:53am EDT 

Larsen & Toubro Ltd:L&T Technology Services, wholly-owned subsidiary of Larsen &Toubro Limited (LaT), has purchased 74 pct of equity capital of Thales Software India Pvt. Ltd.,Indian subsidiary of Thales, global technology in aerospace, transportation and defence and security markets.With this transaction, LaT Technology services will now manage and oversee management control, operations and delivery of services of the new joint venture.Joint venture brings together the strategic strengths of both the groups.By retaining 26 pct equity stake, Thales will help the company develop the latest trends in the avionics industry, one of its core businesses.This collaboration adds to L&T Technology Services' growing competencies by enhancing its expertise in high-end avionic software.  Full Article

Larsen & Toubro Ltd's L&TIDPL and TATA Steel divests their stake in Dhamra Port to Adani Port
Monday, 23 Jun 2014 07:02am EDT 

Larsen & Toubro Ltd:Further to share purchase agreement dated May 16 executed by L&T Infrastructure Development Projects Limited (L&TIDPL) and Tata Steel Limited (Tata Steel) with Adani Ports and Special Economic Zone Limited (APSEZ).Says sale by L&TIDPL and Tata Steel to APSEZ of 100 pct stake in the Dhamra Port Company has been completed.  Full Article

Larsen & Toubro Ltd's L&T Construction wins orders valued 10.27 bln Indian rupees
Friday, 13 Jun 2014 03:43am EDT 

Larsen & Toubro Ltd:Says L&T Construction has won new orders worth 10.27 bln Indian rupees across various business segments in May and June 2014.Says buildings and factories business has received orders worth 9.67 bln Indian rupees.Says major order is from a reputed developer for the construction of 19 residential towers (19 floors each) in Bengaluru city involving complete civil, structural and finishing works.In addition, the B&F business has also received orders from various ongoing jobs.Additional orders worth 600 mln Indian rupees have also been received from various ongoing jobs of Heavy Civil Infrastructure, Power Transmission a Distribution and Water Et Renewable Energy Businesses.  Full Article

Larsen & Toubro Ltd to raise 60.00 bln Indian Rupees-Business Standard
Tuesday, 10 Jun 2014 06:36am EDT 

Larsen & Toubro Ltd(L&T):Plans to raise about 60.00 bln Indian Rupees through non-convertible debentures for capital expenditure, equity infusion in subsidiaries and debt repayment in the current fiscal-Business Standard.The company will be seeking shareholders' nod to raise the capital through debentures as stipulated in the Companies Act.Additionally, L&T will be seeking shareholder approval to raise $600 million ( around 35.00 bln Indian Rupees ) through equity and hybrid instruments such as Qualified Institutional Placement (QIP), foreign currency convertible bonds and so on.  Full Article

BRIEF-L&T Infrastructure Finance says to issue debentures of 6 bln rupees

* To Issue Debentures Of 6 Bln Rupees With Option To Retain over subscription of up to 4 billion rupees

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