Larsen & Toubro (L&T)
As the Maruti, Bharti, HUL and Idea all stated beating the Street, the mood in corporate India even if not actually upbeat, is surely better than it was a few months ago. There is, however, some of the despondency that goes with the realisation that the core of the economy remains in deep trouble; from [...] Continue Reading »
In its recently-released financial report for FY 14, bigwig engineering firm Larsen & Toubro (L&T) has posted earnings figures which have surpassed estimates; and has also set healthy growth targets for FY15. The healthy growth targets which L&T has set for 2014-15 underscore an optimistic outlook projected by the company because of the hope that [...] Continue Reading »
India seems to be the new investment hub for foreign investors. Engineering major Larsen & Toubro on Monday told the media that the Canada Pension Plan Investment Board (CPPIB) had agreed to invest over Rs 2,000 crore in its infrastructure arm, L&T Infrastructure Development Projects (L&T IDPL) which will help the company to complete on-going [...] Continue Reading »
In a situation which marked a bonanza of sorts for Narendra Modi-led new Government, the stock prices of Larsen & Toubro (L&T), Axis Bank and other companies in which the government has a stake have witnessed a surge of late. As a result of the increase in stock prices of the mentioned companies, the new [...] Continue Reading »
Rs 579 crore has been awarded to Larsen and Toubro (L&T) for successfully completing its slum rehabilitation projects in Mumbai. Realty player Omkar Realtors & Developers declared the award to construction contracts of L and T. The cost of those three projects is estimated as Worli-Rs 137 crore, Malad-s 268 crore and Parel-Rs 174 crore [...] Continue Reading »
Hyderabad Metro Railways is now in the hands of India’s largest engineering firm, Larsen & Toubro (L&T). However the work was sooth sailing till now meanwhile the intervene of politics and land acquisition have been delaying the metro work in the large scale. The government is also concerned about the city’s heritage buildings being damaged [...] Continue Reading »
