1. Larsen & Toubro construction wins Rs 4,006-crore contracts

Larsen & Toubro construction wins Rs 4,006-crore contracts

Engineering and construction major Larsen & Toubro (L&T) has bagged contracts worth Rs 4,006 crore...

By: | New Delhi | Published: January 5, 2015 3:04 PM

Engineering and construction major Larsen & Toubro (L&T) has bagged contracts worth Rs 4,006 crore from domestic and international clients.

These include a project for building a 48 km railway line for transportation of coal in Odisha.

“The construction arm of L&T has won orders worth Rs 4,006 crore across various business segments in the month of December ’14 in both the domestic and international markets,” the company said in a statement today.

Its transportation infrastructure business has secured orders worth Rs 2,053 crore, it said, adding a major order has been received from a reputed customer in Odisha for construction of 48 km of railway lines for the transportation of coal from coal mines for their thermal power station.”

Scope of work also includes building a water pipeline along the railway line.

“A road project on EPC (engineering, procurement and construction) mode has been bagged from National Highways Authority of India (NHAI) for the development and up-gradation of the Bijapur-Gulbarga-Homnabad section of NH-218 in the state of Karnataka,” it said.

Additional orders worth Rs 440 crore have also been received from ongoing domestic and international projects.

It said its water and renewable energy businesses have secured new orders worth Rs 729 crore.

Besides L&T Oman LLC, a subsidiary of L&T has received an order from Salalah Free Zone Company for the construction works of Adhan Phase 1A.

The company said the scope consists of building a potable water network, an irrigation water network, a storm water network, a sewer network, irrigation and firefighting reservoirs, pumping stations and control rooms.

Another order has been received from National Mineral Development Corporation Limited for the construction of an earthen reservoir, a raw water pump house, a water treatment plant & a distribution system for their integrated steel plant at Nagarnar, Chattisgarh.

Its renewable energy business has bagged a turnkey order from a reputed power developer for the construction of Solar PV Plants in Punjab.

The company’s power transmission & distribution business has secured new orders worth Rs 668 crore.

Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of L&T, has bagged orders from the National Grid, Saudi Arabia for construction of double-circuit transmission lines in Buraydah and Hail Areas of Saudi Arabia.

On the domestic front, the business vertical bagged an order from Uttar Pradesh Power Transmission Corporation Limited (UPPTCL) for the turnkey construction of 400 kV double circuit quad transmission lines between Banda-Orai and Banda-Allahabad regions of Uttar Pradesh.

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  1. H
    Harry Potter
    Jan 6, 2015 at 8:34 pm
    L&T buzzer - plummeted 3.73% today, its might bleed further since big chunk of its order book is from oil exporting nations (OPEC). Dear Investors/Analysts/Advisers - Watch Out! L&T top-bres were on selling spree March-2014, leading the pack Chairman Mr Naik sold his L&T shares (Rs 1200 apiece) worth 70 crores in 20 days - March 2014. Post Q1-2014 results L&T share has seen biggest intraday decline of 8 % since July 2009, Citi Group had raised multiple red flags on earnings. Hydrocarbon subsidiary suffered losses of 900 crores, sans stake at Dhamra Port (2500 crores) L&T would have posted losses. Modi Euphoria and upbeat in market saved L&T going below Rs 1300 during q2, a striking closed range of 1200 of March 2014. Part stakes at L&T Inra sold to Canadian FII - (2000 crores). Expecting VGF - Viability Gap Funding) of 3000 crores to complete Hyderabad Metro project. Stake or post losses, Deep Sea or devil? Post Q2 results L&T share plummeted from high of 1673 to low of 1450 (17 Dec, 2014). Before Q3 results it will reach range of 1200 a piece, the rate L&T top bres has made a kill. Post Q3 results another big intra-day fall of 8-10 %, decline to 52 week low of 900. By Feb (end)-2015 no wonder, 5 year low of Rs 600 a piece? -----------------------------------Expensive CXO Maha-Kumbh-Mela at L&T - what is the number of CEOs at L&T and all its subsidiaries (138), their CTC? How far higher, this is to manage L&T group revenues of $a4 bln than Mr Sikka (aged 46) of Infosys highest paid professional CEO (Rs 30 cr) in India, entrusted with business $ 8 bln in revenues and 1.6 lakhs employees. At L&T, just Chairman Mr Naik (aged 72) and group CEO Mr Vankatramanan are pegged at 21 and 14 crores. L&T Infotech - 2 CEOs (left Oct-2014, now looking for two new), 1 COO (Infy CEO Contender. 1 CEO for L&T Tech Services. Infotech is claiming to touch $1 bln revenues since 2010, still not there. Information Age leaders, top-man of TATA, Infosys, Microsoft are in their 40s, why this super 70s at L&T? Chairman Mr Naik’s jaw-dropping musings on succession – “You find a man in the world who will kill himself four times a day, has worked for more than a hundred years-- There is no such person.-- None of us here (at senior level) are working for money”.-----------------------------------------------------Infosys BPO entire top-deck got sacked for failing to comply with the company’s code of conduct. Any CXO/MD level official ever got fired in last 5/10 years or resigned on morals grounds? Please refer TOI article – “whistleblower was right: CBI”. Excerpts – “Golden Quadrilateral Project -- M/s L&T had misrepresented the facts”. BS Article – “Rajya Sabha nods for whistle blowers bill” – excerpts – “Prasad recalled the sacrifice of Satyendra Dubey, an Indian Engineering Service officer who was killed after he tried to reveal corruption in the Golden Quadrilateral”. Please GOOGLE – white collar criminal equivalent of rape and murder- “Cl Action Suit Seeks $100 Million for Pregnancy Discrimination, Other Violations”. Please refer International Business Times article – “$100 Million Sought as New Discrimination, Immigration Violations Complaint Filed against L&T”. Got slapped with ban by World Bank – please refer ET article – “World Bank bars L&T for 6 months over forgery”. -------------------------------------------------------------Biggest shareholders at L&T are state owned LIC/UTI. Ministry of Corporate Affairs, PM Mr Modi, LIC/UTI should intervene to fix retirement age at L&T to 60!

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