1. L&T gets Rs 1,700-cr job order to build Bangladesh power plant

L&T gets Rs 1,700-cr job order to build Bangladesh power plant

Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan's Marubeni Corporation to set up a 400-MW gas-based power plant in Bangladesh.

By: | New Delhi | Published: September 16, 2015 2:02 PM
Larsen & Toubro

Larsen & Toubro said the order is ongoing Qatar Electricity Transmission network expansion plan – phase XII. (Reuters)

Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based power plant in Bangladesh.

“Bangladesh Power Development Board awarded the EPC contract for setting up the 400-mega watt (MW) gas-based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub contract to L&T on a turnkey basis,” L&T said in a BSE filing.

The company said its scope of work includes design, detailed engineering, supply, installation and commissioning of the complete power plant.

The project, located at Nabiganj Upzilla in Habibganj district, will be executed by L&T Power’s gas-based power projects business unit based in Baroda.

The stock was trading at Rs 1,541.85 on BSE, down 0.97 per cent.

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. S
    Subodh Kumar
    Nov 2, 2015 at 7:13 pm
    Im subodh Kumar Electrosteel bokaro Feeter
    Reply
    1. T
      Tomas Pikety
      Sep 17, 2015 at 7:29 pm
      Thanks to Modi-Wave, steepest rise in LnT stock in last 5 years is from Rs 722 (Aug 30, 2013) to Rs 1745 (July 4,2 014) apiece, a big cushion (shock absorption) of nearly Rs 1000 per share . LnT top-bres were on selling spree, leading the pack Chairman Mr Naik sold his LnT shares (Rs 1200 apiece) worth 70 crores in 20 days - March 2014. Post Q1-2014 results LnT plunged by 8 %, biggest intraday decline since July 2009. Post Q2 results LnT share plummeted from high of 1673 to low of 1450 (17 Dec, 2014). Post Q3 - 2014 results another big intra-day fall of 7.44 per cent. Post Q1 2015 stumbled by 5 per cent in early hours trade, Q1 profit tanked 37 per cent. Average lows of last 12 years (Jan to Dec, 2004 till 2012) Rs 622. Average of peaks (highs) of last 12 years (Jan to Dec, 2004 till 2012) is Rs 1124 apiece. Average of valleys (lows) of last 12 years (Sep 4 as reference day) is Rs 900 apiece. G Average of above three numbers is Rs 882 apiece. Some inherent malignancies in businesses – Hydrocarbon and Ship Building losses of Rs 900 cr each, Hyderabad Metro cost overruns Rs 4k crores, Rs5k crores stagnating investment in Defence. Very expensive, old and aging CXO/MD potion of septuagenarians, leading the pack 73 yrs old Junior Engineer turned Executive Chairman Mr Naik has completed 50 yrs with same company. Would it hit 3 year low 722 post Q2-2015 results?
      Reply

      Go to Top