Key Developments: Larsen & Toubro Ltd (LART.BO)
1,456.90INR
24 May 2013
Rs38.25 (+2.70%)
Rs1,623.05
Rs1,435.30
Rs1,466.00
Rs1,420.85
361,757
242,746
Rs1,719.50
Rs1,106.40
Latest Key Developments (Source: Significant Developments)
Larsen & Toubro Ltd's L&T Metro Rail Hyderabad Limited Raises INR5 Billion Short-Term Loan For Hyderabad Metro-Business Standard
Business Standard reported that Larsen & Toubro Ltd's L&T Metro Rail Hyderabad Limited said it had raised INR5 billion short-term loan from YES Bank, outside the consortium of lenders that has pledged close to INR120 billion loan to the ongoing project. Full Article
Larsen & Toubro Ltd Receives INR781 Crores (INR7.81 Billion) Contract for ONGC Platforms
Larsen & Toubro Ltd announced that it has secured an offshore contract valued at INR781 crores (INR7.81 Billion) for three wellhead platforms from the Oil & Natural Gas Corporation (ONGC). Full Article
Larsen & Toubro Ltd's L&T Construction Bags Orders Worth INR1,009 Crore (INR10.09 Billion) In Two Months-Business Standard
Business Standard reported that Larsen & Toubro Ltd's L&T Construction said that it has new secured orders worth INR1,009 crore (INR10.09 billion) in the month of November and December so far. Out of this, the building and factories business got orders worth INR852 crore (INR8.52 billion) for the design and construction of an IT campus facility on NCR region of Delhi and also for the construction of multistoried residential towers in Bengaluru. The Company also said that its metallurgical and minerals handling business in consortium LUET China has received an order valued at INR206 crore (INR2.06 billion) from SAIL for rebuilding and construction of a coke oven battery at Durgapur Steel Plant in West Bengal. Full Article
Larsen & Toubro Ltd Bags Orders Worth INR1,002 Crore (INR10.02 Billion)-Business Standard
Business Standard reported that Larsen & Toubro Ltd has bagged orders worth INR1,002 crore (INR10.02 billion) across business segments from both, domestic and international markets in last one month. L&T Construction has secured a slew of new orders valued over INR1,002 crore (INR10.02 billion) across various business segments in November and till date in December 2012. Among the orders, the Company secured INR742 crore (INR7.42 billion) orders in the power transmission and distribution business, including a major order secured in Qatar for setting up of a 220 kV, 515 MVA cable system and for the construction of a 220/66/11 kV substation. Besides, it won an EPC (Engineering, Procurement and Construction) order from Tamil Nadu Transmission Corporation and a turnkey order from West Bengal State Electricity Transmission Company for construction of seven transmission lines in West Bengal. In addition, L&T Construction has secured orders worth INR260 crore (INR2.6 billion) from ongoing projects across various business units. Full Article
Larsen & Toubro Ltd's L&T Power Bags INR732 Crore (INR7.32 Billion) Order From NPCIL-The Economic Times
The Economic Times reported that Larsen & Toubro Ltd said it has bagged an order worth INR732 crore (INR7.32 billion) from the Nuclear Power Corporation (NPCIL) for the Rajasthan atomic power project. The Group's wholly-owned subsidiary L&T Power has secured the order in which the Company will have to supply, install and commission the balance of turbine island package for two new 700 mw capacity units--7 and 8--at the power plant in Kota in Rajasthan, a statement issued here said. The package also includes civil work for the turbine halls, electrical bays and transformer yard. Full Article
Larsen & Toubro Ltd Receives Orders Valued INR1178 Crore (INR11.78 Billion)
Larsen & Toubro Ltd announced that it has secured new orders valued over INR1178 crores (INR11.78 billion) across various business segments in November 2012. The Buildings & Factories IC, has won new international orders in UAE worth INR595 crores (INR5.95 billion) for the construction of a hospital building and other associated facilities. In the Solar Business sector, L&T Construction - India’s largest player in solar power has bagged new EPC orders worth INR280 crores (INR2.80 billion) for the construction of Solar PV systems in Rajasthan from multiple customers. L&T Construction has also secured additional orders worth INR303 crores (INR3.03 billion) from various ongoing projects mainly in airports, factories, minerals & metals and power transmission & distribution business segments. Full Article
Larsen & Toubro Ltd Secures Orders Valued INR2503 Crore (INR25.03 Billion)
Larsen & Toubro Ltd announced that the Infrastructure IC of L&T Construction has secured a prestigious order valued INR1985 Crores (INR19.85 Billion) excluding taxes from GVK Project and Technical Services. L&T will execute major portion of works for 850 MW Ratle Hydroelectric Power project Located on the Chenab in the Kishtwar district of Jammu and Kashmir. The Company has received Limited Notice to Proceed to commence operations. The Buildings and Factories IC has bagged new orders worth INR397 Crores (INR3.97 Billion) for the construction of a commercial building in Mumbai, including additional orders from various ongoing projects. The Water and Effluent Treatment Business has received an order worth INR121 Crores (INR1.21 Billion) from the Public Health Engineering Department-Government of Rajasthan for water supply in Fathepur-Laxmangarh, Rajasthan. Full Article
Larsen & Toubro Ltd Announces Sale Of Medical Equipment Business To Skanray Healthcare Pvt. Ltd
Larsen & Toubro Ltd announced that it has agreed to sell its medical equipment business based at Mysore, India to Skanray Healthcare Pvt. Ltd. Full Article
Dolphin Energy Awards $250 Million Contract To Larsen & Toubro Ltd-Business Standard
Business Standard reported that Dolphin Energy has awarded a $250 million engineering, procurement and construction (EPC) contract to Larsen & Toubro to upgrade a gas plant in Qatar. Under the deal, Larsen & Toubro will install three new Rolls Royce Trent gas turbine compressors and related facilities at the processing plant at Ras Laffan. Completion of the project is expected in the fourth quarter of 2014. Full Article
Larsen & Toubro Ltd Led Joint Venture Secures INR12.52 Billion Worth Delhi Metro Contract
Larsen & Toubro Ltd announced that the infrastructure IC of the Company has bagged a major order worth INR1252 crores (INR12.52 billion) from Delhi Metro Rail Corporation (DMRC). The order will be executed as a joint venture with Shanghai Urban Construction Group (SUGC). The joint venture will design and construct a tunnel between Shankar Vihar and Hauz Khas as well as underground stations at Vasant Vihar, Munirka, R.K. Puram, IIT and Hauz Khas. L&T Constructions' share in the project is INR852 crores (INR8.52 billion). Another recent order includes a INR644 crores (INR6.44 billion) contract secured by the Buildings and factories IC for construction of a permanent campus facility for IIT, Hyderabad. The scope of works include construction of engineering blocks, faculty and staff housing, student hostels, dining halls including ancillary and other associated works. Full Article
Indian shares end 5-day losing streak; tech shares gain
MUMBAI, April 10 - Indian shares rebounded on Wednesday from a seven-month closing low to post their first gain in six sessions led by advances in technology shares such as Infosys ahead of their quarterly results and by rebounding blue chips such as Larsen & Toubro. Infosys Ltd rose 1.4 percent, while Larsen & Toubro Ltd rose 1.9 percent. The BSE index provisionally rose 0.93 percent, while the 50-share NSE index rose 0.97 percent. Both indexes rebounded from their lowest clo
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