Larsen & Toubro Ltd (LART.NS)
23 Feb 2017
NEW DELHI A unit of Indian engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth 11 billion rupees ($165 million), it said in a statement on Saturday.
MUMBAI/NEW DELHI India has sold a 2 percent stake in consumer goods and cigarettes maker ITC Ltd, raising about 67 billion rupees ($995 million) for the government, three sources with direct knowledge of the deal said on Tuesday.
* SUUTI sells 2 pct stake in ITC at 275.85 rupees/shr -source
* Dec-quarter consol net profit 9.72 billion rupees vs 7 billion rupees a year ago.
Nov 23 Indian shares rose for a second straight session on Wednesday, the first back-to-back gains since the government's shock move to withdraw high-value banknotes from circulation, as Larsen & Toubro Ltd rallied on upbeat quarterly results while drug makers gained after the rupee weakened.
Nov 23 Indian shares rose for a second consecutive session on Wednesday, led by Larsen & Toubro Ltd on upbeat quarterly results while positive global cues helped boost investor sentiment.
* High returns and electronic bidding lure more corporate investors to rupee market
MUMBAI An initial public offering (IPO) of shares in India's L&T Technology Services, which sources say aims to raise as much as $134 million, will open for subscription on Sept. 12, according to a filing by parent Larsen & Toubro on Thursday.