Larsen & Toubro (L&T), one of India’s leading engineering and construction conglomerates, has announced a significant new order win from the Oil & Natural Gas Corporation (ONGC). The L&T Energy Hydrocarbon (LTEH) vertical has been awarded a contract for the eighth phase of ONGC’s Pipeline Replacement Project (PRP-VIII Group B) off India’s west coast. The […]
India’s largest construction company, Larsen & Toubro, said its buildings & factories unit won three big construction orders. The company did not disclose the time period over which these order were won, but it is likely to be over the last two months. Two of the orders were for constructing apartment complexes, while the remaining […]
HSBC, the global financial services giant headquartered in London, has agreed to buy L&T Mutual Fund, the asset management business of L&T Finance — the non-bank financial services arm of the Larsen & Toubro group of India. L&T Finance will get $425 mln, or around Rs 3,200 cr, for the mutual fund unit which has […]
Larsen & Toubro, India’s largest construction company, said it won a contract from the union government to build three 10-storeyed buildings that form part of the new central secretariat. The union government is current redeveloping the central vista — the hub of administration in India that houses most of the major ministries and departments of […]
L&T Technology Services, a provider of consulting and outsourced services in the engineering field, said it won a $100 million (Rs 750 cr) contract from a major US oil and gas company. L&T Tech will be the US company’s primary engineering partner to support two of their integrated refining and chemicals manufacturing facilities in USA, […]
Larsen & Toubro, India’s biggest construction firm, said it has got an encouraging response to the launch of its second phase of its Seawoods Residences project in Navi Mumbai. The first phase of the semi-premium housing project, launched early last year, saw decent levels of interest, with reports claiming that the company got 1,800 bookings […]
AM Naik, chairman of the country’s largest infrastructure development company Larsen & Toubro, today called upon the government to create the right ecosystem to channel the anti-China sentiment productively. “The strong anti-China sentiment within India and around the world is a possible game changer for domestic industry,” he said, delivering the chairman’s statement at the […]
Construction firm Larsen & Toubro said it has won a large deal — worth Rs 2,500-5,000 cr — to create a monitoring and management solution for Indian Army’s pan-India fiber-optic communications network. The network, part of India’s network for spectrum project, was envisioned almost ten years ago as a way for the armed forces to […]
Mid-size IT services firm Mindtree said it has appointed as Chief Operating Officer Dayapatra Nevatia, MD and Director of Delivery for Accenture’s Advanced Technology Centers in India. Dayapatra leads the delivery for Accenture’s entire portfolio, spanning system integration, digital, application outsourcing, infrastructure, and security services across industry groups, Mindtree said. “His vast industry experience along […]
L&T Technology Services, which provides outsourced engineering services, said it has won a contract from aircraft maker Airbus India to manage their Avionics Software Development, V&V (Validation & Verification) and Data Analytics. The size and duration of the deal have not been disclosed. L&T Technology Services Limited (LTTS) is a listed subsidiary of construction major […]
Larsen & Toubro said L&T-MHPS Boilers Private Ltd (LMB), one of the company’s joint ventures with Mitsubishi Hitachi Power Systems, won a thermal power project order worth Rs 2,500-5,000 cr from the UP government. The order, from THDC India Limited – a joint venture of Government of India and Government of Uttar Pradesh – is […]
Infrastructure major Larsen and Toubro (L&T) said its construction business has received orders worth over Rs 2,500 crore across various Indian states including Delhi, Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, Uttar Pradesh and Maharashtra. L&T secured an order from the Mumbai Metro Rail Corporation Ltd for the design, procurement, supply, installation, testing and commissioning of […]
Infrastructure major Larsen and Toubro said it acquired 73,953 shares of IT firm Mindtree from the open market. The latest purchase comes three days after it acquired 13,443 shares in the IT company. After the latest transaction, L&T’s shareholding in Mindtree stands at 26.53%. The latest stock purchase was made at Rs 979 price per […]
Syncordis SA, a wholly owned subsidiary of technology consulting and digital solutions firm L&T Infotech, said that it has agreed to supply solutions from banking software provider Temenos to its customers. “Through the partnership with Temenos, the company will attain enhanced capabilities to offer a wide range of services across Temenos product portfolio and manage […]
Infrastructure major Larsen and Toubro (L&T) said it has purchased the entire stake held by the Tamil Nadu Industrial Corporation Ltd (TIDCO) in one of its subsidiaries, L&T Shipbuilding Ltd. TIDCO previously held a 3% stake in L&T Shipbuilding Ltd. Post the acquisition worth Rs 32.74 crore, L&T Shipbuilding Ltd will become a wholly-owned subsidiary […]
Infrastructure major Larsen and Toubro (L&T) said its hydrocarbon engineering business has received orders worth over Rs 1,000 crore across various segments. The Modular Fabrication business has secured a contract for process and piperack modules for a process plant, which includes procurement, fabrication, pre-commissioning and load-out of the modules, it said. The contract shall be […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that its power transmission and distribution business has received orders worth over Rs 2,500 crore from India, the Middle East and the ASEAN region. In India, the company received orders for laying underground cable in certain unnamed industrial areas and towns to improve the reliability of […]
Infrastructure major Larsen and Toubro reported new orders worth over Rs 2,500 crore from Kuwait Oil Company (KOC). The new contract includes construction of a new export strategic pipeline and its associated facilities that will span a distance of around 145 kilometres. The contract has been awarded through international bidding on a Lump Sum Turnkey […]
Infrastructure major Larsen and Toubro reported new construction orders worth over Rs 1,000 crore from Tamil Nadu, Andhra Pradesh, Jharkhand and the United Arab Emirates. L&T’s Smart World and Communication business secured orders from the Tirupati Smart City Corporation Limited to implement pan-city ICT (Information and communications technology) solutions and design and construct a City […]
Infrastructure major Larsen and Toubro on Tuesday said that its hydrocarbon engineering business has received orders worth over Rs 2,500 crore from Tawfiq Coke Products, Oman. The contract is for the engineering, procurement and construction of a calcined coke plan with a capacity of 45,000 tonnes per annum. “The contract will further reinforce L&T’s operations […]
