The power transmission and distribution business of Larsen & Toubro has secured “significant” engineering, procurement and construction orders in the current quarter to build transmission lines and substations in Saudi Arabia. Larsen & Toubro has received orders worth in the range of Rs 1,000-2,500 crore. According to a regulatory filing to the stock […]
L&T Hydrocarbon Engineering wins order from Petronet LNG
Larsen & Toubro Hydrocarbon Engineering (LTHE) said on Monday it has won a significant order from Petronet LNG, a joint venture company promoted by Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation, GAIL India and Bharat Petroleum Corporation. The contract is for engineering, procurement, construction and commissioning of two LNG storage […]
L&T concludes divestment of 99 MW hydro power plant with Renew Power
Larsen & Toubro has concluded the divestment of its 100 percent stake in the 99-megawatt hydroelectric power plant at Singoli-Bhatwari in Uttarakhand. As per the terms, the EPC projects, hi-tech manufacturing, and services conglomerate received a consideration of Rs 1,001.50 crore as divestment proceeds from Renew Power. “This deal is […]
Sensex rises over 250 points; L&T, Axis Bank rally 3%
Market benchmark Sensex rose over 250 points on Thursday tracking gains in L&T, Axis Bank and Infosys, despite massive sell-off in global equities. The 30-share BSE index was trading 233.92 points or 0.57 per cent higher at 41,349.30. Similarly, the broader NSE was trading 60.80 points, or 0.50 per cent, […]