
L&T wins order for renovation of New Delhi railway station; stock hits record high
L&T submitted a bid of ₹8,740 crore for the New Delhi Station redevelopment project, which is over ₹3,000 crore higher than the government’s estimate.
L&T submitted a bid of ₹8,740 crore for the New Delhi Station redevelopment project, which is over ₹3,000 crore higher than the government’s estimate.
The hydrocarbon business (L&T Energy Hydrocarbon) of L&T has secured contracts worth over ₹7,000 crore from a client in the Middle East.
The divestment is in line with the company’s strategy of reducing its exposure to the non-core asset-heavy developmental projects portfolio.
Larsen & Toubro stock gained 2% to hit an all-time high of ₹2,095 after it won a significant order from renewable energy producer Greenko Group.
The company recorded orders worth ₹51,914 crore at the group level during the quarter ended September.
S.N. Subrahmanyan navigated the complexity of L&T’s multiple lines of businesses, creating his own legacy in the process.
Heavy capital expenditure to boost economy helps construction firms improve order book and profit margins.
The Sensex and Nifty are poised to rise on Tuesday, tracking gains in Asian stocks and firm trends on SGX Nifty futures.
Indian Oil Corporation is implementing the Panipat refinery expansion (P-25) project to enhance refining capacity.
The Sensex and Nifty are poised to open lower on Monday, following weak cues from global peers and negative trends on SGX Nifty Futures.