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Larsen & Toubro Ltd (LART.BO)

LART.BO on Bombay Stock Exchange

1,486.05INR
23 Feb 2017
Change (% chg)

Rs8.80 (+0.60%)
Prev Close
Rs1,477.25
Open
Rs1,475.00
Day's High
Rs1,504.75
Day's Low
Rs1,470.00
Volume
162,828
Avg. Vol
194,172
52-wk High
Rs1,615.00
52-wk Low
Rs1,055.10

Latest Key Developments (Source: Significant Developments)

Larsen & Toubro, MBDA form JV for development of sophisticated missile systems
Monday, 13 Feb 2017 03:09am EST 

Larsen & Toubro Ltd : Says Larsen & Toubro and MBDA establish joint venture for development of sophisticated missile systems . Says JV is expected to be incorporated in the first half of 2017 after necessary approvals. . Says JV to develop and supply missiles and missile systems . JV, ‘L&T MBDA Missile Systems Ltd’, will operate from work centre, which will include pyrotechnical integration and final checkout facilities . L&T will own 51 pct of the company and MBDA, 49%, fully complying with India’s foreign direct investment (FDI) policy norms . JV will be registered in india and conduct business as an indian company . JV would focus on business opportunities in missiles and missile systems domain .JV to look to develop, supply fifth generation anti-tank guided missiles, missiles for coastal batteries,high speed target drones.  Full Article

India's defence minister says will soon clear contracts that are pending approval
Thursday, 12 Jan 2017 05:27am EST 

: India's defence minister says under new defence procurement procedures defence products designed and developed in India must be purchased from India . India's defence minister says expect offsetting to touch $10-12 billion in next 10 years . India's defence minister says will soon clear defence contracts that are pending approval . India's defence minister says first lot order for self propelled gun to be produced in a joint venture with L&T and Samsung to be placed this fiscal year . India's defence minister says 70 percent of export no objection certificates issued in less than 15 days Further company coverage: [LART.NS] (Reporting By Promit Mukherjee and Aditi Shah in GANDHINAGAR) ((swati.bhat@thomsonreuters.com;)).  Full Article

India to close $660 mln weapons deal with L&T - Bloomberg, citing sources
Tuesday, 3 Jan 2017 05:41pm EST 

:India set to close $660 million weapons deal with Larsen & Toubro Ltd- Bloomberg, citing sources.  Full Article

L&T units gets two awards from Saudi Aramco
Monday, 2 Jan 2017 02:34am EST 

Larsen & Toubro Ltd : Larsen & Toubro Ltd says L&T Hydrocarbon Engineering led consortium secures two more awards from Saudi Aramco . Larsen & Toubro Ltd says contract awarded to supply, install 4 wellhead decks in Safaniya field .Larsen & Toubro Ltd says another award to upgrade on 17 platforms in offshore fields in Arabian Sea.  Full Article

Larsen & Toubro completes acquisition of Auementlq Data Sciences Pvt Ltd
Wednesday, 30 Nov 2016 07:28am EST 

Larsen & Toubro Ltd :Larsen & Toubro says closure of acquisition of Auementlq Data Sciences Private Limited.  Full Article

Larsen & Toubro sees margin profile improving as co moves to Q4
Tuesday, 22 Nov 2016 07:08am EST 

Larsen & Toubro Ltd : Exec says ordering and decision to award are beginning to kick in domestic market . Exec says current order book is at 2510 billion rupees . Exec says expect margin profile will improve as co moves to Q4 . Exec says stick to the guidance of revenue and order book growth for the current fiscal year . Exec says co is seeing a lot of green shoots in roads, metros, hydrocarbon . Exec says residential side is going through a drastic slow down Further company coverage: [LART.NS] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Larsen & Toubro Sept-qtr consol profit up about 84 pct
Tuesday, 22 Nov 2016 05:50am EST 

Larsen & Toubro Ltd : Sept-quarter consol net profit 14.35 billion rupees . Sept-quarter consol total income from operations 250.11 billion rupees . Consol net profit in Sept-quarter last year was 7.78 billion rupees as per Ind-AS; consol total income from operations was 231.23 billion rupees . Consol order inflow in Sept-quarter at 311.19 billion rupees .Says interntational order at INR 73.86 billion constituted 24 percent of total order inflow in quarter.  Full Article

L&T Construction gets railway order worth 37.99 bln rupees
Friday, 14 Oct 2016 04:32am EDT 

Larsen & Toubro Ltd : L&T Construction wins a major railway order valued 37.99 billion rupees .Order been secured by consortium of co and Sojitz Corp.  Full Article

Larsen & Toubro says L&T Construction gets orders worth 60.24 bln rupees
Monday, 3 Oct 2016 12:32am EDT 

Larsen & Toubro Ltd :Larsen & Toubro Ltd says L&T Construction wins orders valued Rs. 6024 crores.  Full Article

Larsen & Toubro says L&T Technology Services IPO priced at 860 rupees/share
Thursday, 22 Sep 2016 08:08am EDT 

Larsen & Toubro Ltd :L&T technology services IPO of 10.4 million equity shares priced at 860 rupees per equity share.  Full Article

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