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.
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Why are Larsen and Toubro shares trading higher today?
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.
L&T Q1 net profit jumps 45% to ₹1,702 cr
The construction giant reported revenues of ₹35,853 crore for the quarter ended June.
L&T Q4 net profit rises 10% to ₹3,621 crore
Consolidated revenue of the Mumbai-based conglomerate rose 10% year-on-year to ₹52,851 crore in the fourth quarter.
L&T hopeful of a recovery in the second half
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
This decade will mirror the ’90s: Kenneth Andrade
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
Infrastructure: The see-saw story
As spending by the public sector in infra is set to slow down, the government has to look for means to attract private and foreign capital. Some steps have been taken, but will they be enough?
What L&T’s results tell us about India’s infra sector
As if slowing economic growth wasn’t enough, other factors like pollution, a change of government in a state, and legal challenges to projects are further hurting infrastructure growth.
L&T Q1 net profit up 20%
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
Mindtree board says no to share buyback
L&T says open offer for Mindtree to start on May 14 at a price of ₹980 a share.
