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

LART.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Larsen & Toubro Ltd completes acquisition of Information System resource Centre Pvt. Ltd (ISRC)
Tuesday, 28 Oct 2014 08:21am EDT 

Larsen & Toubro Ltd:Says L&T Infotech, a wholly owned subsidiary, completes the acquisition of Information System resource Centre Pvt. Ltd (ISRC).  Full Article

Larsen & Toubro Ltd closes offering of FCCBs
Tuesday, 21 Oct 2014 07:05am EDT 

Larsen & Toubro Ltd:Has successfully closed the offering of Foreign Currency Convertible Bonds (FCCB), launched and priced on Sept. 23.  Full Article

Larsen & Toubro Ltd plans to acquire Dell's engineering services business
Wednesday, 8 Oct 2014 12:11am EDT 

Larsen & Toubro Ltd:Says its wholly owned subsidiary, LET Technology Services, intents to acquire the assets of U.S.-based Dell Product and Process Innovation Services (formerly eServ), the Engineering Services division of Del.Says The Competition Commission of India (CCI) has approved the proposed transaction.Says company is awaiting US regulatory approvals which are expected shortly.  Full Article

Larsen & Toubro Ltd's L&T Construction wins 16.30 billion Indian rupees expressway project in Uttar Pradesh
Monday, 6 Oct 2014 11:49pm EDT 

Larsen & Toubro Ltd:Says that Transportation Infrastructure Business of L&T Construction has won EPC order worth 16.300 billion Indian rupees from Uttar Pradesh Expressways Industrial Development Authority.Greenfield order is for construction of six-lane access controlled expressways from Unnao district (village Neval) to Lucknow.LELT's scope includes design, engineering and construction of the 63km long expressway, including construction of service roads.Contract includes major structures like 18 VUPs (Vehicular Under passes), four major bridges, 10 minor bridges, 26 pedestrian underpasses, one trumpet interchange and associated works.Project is scheduled to be completed within 36 months.  Full Article

Larsen & Toubro Ltd secures orders valued 14.230 bln Indian rupees
Tuesday, 30 Sep 2014 02:14am EDT 

Larsen & Toubro Ltd:Says it has won new orders worth 14.230 bln Indian rupees (1,423 crores rupees) across various business segments in Sept. 2014.Says Heavy Civil Infrastructure business has bagged a 6.31 bln rupees prestigious order from the Lucknow Metro Rail Corporation Limited for the construction of the Lucknow Metro.Says Power Transmission, a Distribution business has bagged three major orders including additional orders from on-going jobs worth 7.92 bln rupees.Turnkey order has been received from the Power Grid Corporation of India Limited (PGCIL) for the supply, erection, testing and commissioning of a 765 kV S/C transmission line between Lalitpur to Agra (Part - III) in Uttar Pradesh.Contract is for the supply of 765kV EHV towers, insulator hardware materials and other transmission accessories. The order will be completed in 20 months.Another order has been bagged from the Himachal Pradesh Transmission Corporation Limited for the design, engineering, supply and construction of a 400/220/33kV Gas Insulated Switchgear substation at Lahal in the Chamba District of Himachal Pradesh.  Full Article

Larsen & Toubro Ltd wins orders
Monday, 29 Sep 2014 01:19am EDT 

Larsen & Toubro Ltd:Says its Metallurgical and Material Handling (MMH) business had secured new orders worth 20.3 billion Indian rupees in the steel, port and bulk material handling sectors in the second quarter of FY 14-15.  Full Article

Larsen & Toubro Ltd wins orders
Monday, 22 Sep 2014 12:07am EDT 

Larsen & Toubro Ltd:Baggs a residential order worth 12.31 billion Indian rupees from a private developer for the construction of two residential towers (208 mtrs and 232 mtrs) in Mumbai.Says the Power Transmission & Distribution business has won orders worth 3.46 billion Indian rupees.Says the order has been received from the Tamil Nadu Transmission Corporation Limited for the supply, erection, testing and commissioning of a 400 kV D/C transmission line between Korattur–Thervaikandikai-Manali in Chennai.Says another EPC order has been received from a private power venture to establish a 400kV double circuit transmission line in Rajasthan and Madhya Pradesh.Says the business also bagged a contract from the Power Grid Corporation of India Limited for executing 400/220 kV GIS Substation at Pandiabil in Odisha.Says the contract is for onshore supply, installation, construction of civil buildings, testing and commissioning of substation equipment.  Full Article

Larsen & Toubro Ltd wins order for building Adam Airbase in Oman
Thursday, 18 Sep 2014 12:06am EDT 

Larsen & Toubro Ltd:Says its subsidiary, Buildings & Factories Business of L&T Oman LLC, has won a prestigious order from the Ministry of Defense, Sultanate of Oman against stiff international competition for the construction of Adam Air base.The contract is for the construction of the Adam Airbase in Al Dakhiliya Governorate, Sultanate of Oman.  Full Article

Larsen & Toubro Ltd wins orders valued 20.50 Bln Indian Rupees
Monday, 15 Sep 2014 06:04am EDT 

Larsen & Toubro Ltd:The construction arm of L&T has won new orders worth 20.5 bln Indian Rupees across various business segments in Aug. and Sept. 2014.The Power Transmission & Distribution business has bagged international and domestic orders worth 12.13 bln Indian Rupees.The Buildings & Factories Business has bagged orders worth 7.75 bln Indian Rupees which consist of two new orders and a few additional orders from on-going jobs.Additional orders have also been received from various ongoing jobs in the Heavy Civil Infrastructure Business and Water & Renewable Energy Business.  Full Article

Larsen & Toubro Ltd wins order from NTPC
Friday, 12 Sep 2014 02:00am EDT 

Larsen & Toubro Ltd:Secures an order worth 1885 billion Indian rupees from NTPC Limited.Says the contract includes setting up of two units of 660MW each supercritical steam generators for Tanda Thermal Power Plant Stage - II on an engineeering, procurement and construction (EPC) basis.Says the project is scheduled to be completed in 46 and 52 months for the respective units.  Full Article

INDIA PRESS-L&T bags contract worth 29.79 bln rupees to build 'Statue of Unity' - PTI in Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Derek Francis in Bangalore)

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