Page 2 of Larsen and Toubro

L&T merges IT services companies into LTI-Mindtree

Both the companies have started functioning as a single entity from Monday. Mindtree has been delisted, while LTI will be…

November 15, 2022 02:30 IST

Larsen & Toubro, Larsen & Toubro rating, Larsen & Toubro outlook,

Larsen & Toubro Rating: Buy | Poised for rapid growth scale-up

Positioning in high-growth segments has improved; order pipeline remains healthy; ‘Buy’ retained with target price of Rs 2,370

August 29, 2022 03:30 IST

L&T share price, larsen & toubro share price

L&T share price jumps 8% in one month; brokerages says buy, stock may rally this much in 12 months

L&T share price jumped more than 1% on Friday to hit an intraday high of Rs 1,903 on NSE. The…

August 26, 2022 11:10 IST

L&T share price jumps 2% after Q1 net profit rises 45%; should you buy, hold or sell?

Larsen and Toubro (L&T) share price jumped over 2% in early trade, a day after company reported 45% on-year growth…

Updated: July 27, 2022 10:27 IST

The company’s board has approved entry into the Green Energy business through green hydrogen and derivatives and advanced chemistry cells batteries (such as lithium-ion batteries). These new businesses are proposed to be set up in FY23 through joint ventures with L&T having a dominant share, according to the company’s annual report for FY22.

L&T becomes debt-free on cash, cash equivalents in FY22

The infrastructure major would venture into the business through technology tie-ups and business partnerships. Further, the company has also identified…

July 15, 2022 00:15 IST

Atmanirbhar Bharat: Light weight tanks for the Indian Army will roll out next year, says DRDO Chief

In an exclusive conversation with Financial Express Online in New Delhi, Secretary, Department of Defence R&D and Chairman DRDO Dr…

Updated: July 31, 2022 18:33 IST

On the other hand, the Economic Survey estimates that the mining sector has grown 14.3% in FY 22, although the country’s largest miner, Coal India (CIL), claims that it accounts for only 1% of the country’s total green house gas emission.

Quick adoption in construction & mining: L&T, Komatsu looking for steady biodiesel supply

India’s target for biodiesel production was 200 million litre in 2021, Garg said. But a steady supply of biodiesel conforming…

June 18, 2022 06:15 IST

Larsen & Toubro rating – Buy: Firm positive on prospects in fiscal

Capex level expected to be sustained if oil prices are in $80-100/bbl range; ‘Buy’ retained with unchanged target price of…

June 13, 2022 02:00 IST

Larsen & Toubro rating- Buy: Externalities impacted results

Company did very well on order inflows; guidance for FY23 appears reasonable; target price cut to Rs 2,025; ‘Buy’ rating…

May 16, 2022 02:30 IST

R Shankar Raman, chief financial officer, L&T said, “What this means is targeted, selected bidding and razor-sharp execution. We will also reduce our exposure to non-core business, particularly the concession business. The idea is to become asset-light while becoming more profitable.”

L&T aims to double revenue, order inflow by FY26

The company has taken the base year for these targets as FY21. It also plans to have a return on…

May 13, 2022 03:00 IST

Order inflows surged 46% y-o-y to Rs 73,941 crore, with bulk of the orders coming from infrastructure, hydrocarbon and defence sectors. The infrastructure segment booked a mega order from West Asia. International orders, at Rs 32,241 crore, comprised 44% of the total order inflow.

L&T posts 10% rise in net profit to Rs 3,621 crore in Q4

However, order inflows for the year remained below the guided range of low-to-mid teens and increased 10% to Rs 1.93…

May 13, 2022 02:30 IST

The two listed subsidiaries will continue to function independently till the closure of the deal.

L&T Info, Mindtree announce merger: Swap ratio set at 73:100

“The new shares of LTI so issued will be traded on the NSE and the BSE. Larsen & Toubro will…

May 7, 2022 02:00 IST

Metaverse will take a bit more time for fruition: Sanjay Jalona, CEO & MD, Larsen & Toubro Infotech

Customers’ strategic spending on business transformation initiatives continues to be a key driver of demand.

May 3, 2022 04:50 IST

Though management guided for strong demand momentum in Europe and hasn’t seen any impact on client conversations, we believe uncertainty, rising cost and wage inflation may delay client budget decisions, softening growth momentum in Europe.

L&T Infotech rating – Reduce: A disappointing quarter for the company

Slowdown in earnings is likely; FY23/24e EPS cut by 5/4%; target price down to Rs 4,986 from Rs 5,921; downgraded…

April 23, 2022 02:00 IST

A consensus estimate of Bloomberg analysts was expecting the firm to post a net profit of Rs 260.6 crore for the quarter.

L&T Technology Services’ Q4 net rises 5.5% to Rs 263.2 crore

During the quarter, the firm’s total income rose 4.26% to Rs 1,798 crore from Rs 1,724.5 crore posted in the…

April 22, 2022 00:15 IST

L&T Infotech beats estimates, posts profit of Rs 637.5 crore

LTI’s consolidated revenue from operations rose 3.96% to Rs 4,301.6 crore from Rs 4,137.6 crore recorded during the sequential December…

April 20, 2022 05:40 IST

Larsen & Toubro mulls merging Mindtree with L&T Infotech; merger to create $22 bln tech behemoth

The boards of Mindtree Ltd. and Larsen & Toubro Infotech Ltd., two software units controlled by the Mumbai-based engineering firm,…

Updated: April 19, 2022 08:08 IST

Indian Navy to get 2 indigenous MPVs from L&T

Indian Navy to get two indigenous MPVs from Larsen and Toubro; MoD signs contract for Rs 887 crore

These MPVs have the capability to perform multi-role support functions which include maritime surveillance & patrol, surface and underwater targets…

March 25, 2022 22:25 IST

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