FINWIRES · TerminalLIVE
FINWIRES

BOM:500510

15 stories mentioning BOM:500510

Every FINWIRES story that references BOM:500510, newest first.

Asia

Larsen & Toubro Arm Secures 'Significant' Orders of Up To INR25 Billion

L&T GeoStructure, a wholly-owned subsidiary of Larsen & Toubro (NSE:LT, BOM:500510), secured "significant" new orders in India valued between 10 billion Indian rupees and 25 billion rupees, according to a Tuesday filing to the Indian stock exchanges.Of the total, the company bagged its largest piling order yet from JSW Utkal Steel at the latter's 10 MTPA integrated steel plant at Paradeep in Odisha, India.The project spans nine major packages and involves critical structures such as the blast furnace, hot strip mill, and steel melting shop, involving piling works of around 3 million running meters.The company also received two separate orders from the Inland Waterways Authority of India for the engineering, procurement, and construction of ship repair facilities at Patna and Varanasi.The orders will include advanced ship lift and transfer systems, including an 800-ton boat hoist, to support the repair and maintenance of inland vessels.The business has also secured an order for the construction of India's first yacht marina at Mumbai Harbour from the Mumbai Port Authority for the trestle, piled breakwater, service platforms, concrete pontoons, and gangways.

BOM:500510NSE:LT
Asia

Larsen & Toubro Bags Orders to Set Up Substations in Middle East

Power transmission and distribution vertical of Larsen & Toubro (NSE:LT, BOM:500510) has secured "significant" orders valued between 10 billion Indian rupees and 25 billion rupees from clients in the Middle East, according to a Wednesday filing to the Indian stock exchanges.The contracts are for constructing one 380 kV substation and two 132 kV high-capacity substations on a turnkey basis.These substations will ensure reliable power to large load centers and decongest grids, thereby enabling them to meet growing demand, the filing said.

BOM:500510NSE:LT
Asia

Larsen & Toubro Bags Order to Develop Coal-to-Ammonium-Nitrate Project in Odisha, India

Larsen & Toubro's (NSE:LT, BOM:500510) hydrocarbon business has secured a "significant" order valued between 10 billion Indian rupees and 25 billion rupees, from Bharat Coal Gasification and Chemicals, according to a Friday filing to the Indian stock exchanges.Bharat Coal is a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract is for developing a coal-to-ammonium-nitrate project in Odisha, India, to enable downstream manufacture of nitric acid and ammonium nitrate.The scope of work includes the process licence, basic design, detailed engineering, procurement and construction, overall project management, and final handover of the ammonia synthesis unit and its associated facilities.The company's shares were down over 1% in recent trade.

BOM:500103BOM:500510BOM:533278NSE:BHELNSE:COALINDIANSE:LT
Asia

Indian Equities End Flat on Thursday as Earnings Support Offsets Weakness

Indian benchmark indices ended largely unchanged on Thursday as gains driven by earnings-related buying offset broader market weakness.The BSE Sensex fell 114.00 points, or 0.2%, to close at 77,844.52, while the NSE Nifty 50 slipped 4.30 points, or 0.02%, to settle at 24,326.65.Expectations of easing tensions between the US and Iran further supported investor sentiment. Tehran is reportedly reviewing the latest U.S. proposals aimed at ending the conflict.In corporate developments, Bharat Forge (NSE:BHARATFORG, BOM:500493) reported a decline in consolidated profit in fiscal Q4 to 2.33 billion rupees from 2.83 billion rupees a year earlier. Revenue from operations, however, rose to 20.3 billion rupees from 17.0 billion rupees.Larsen & Toubro (NSE:LT, BOM:500510) gained after its buildings and factories business secured three large orders from a real estate client for projects across three states, according to a filing. The company classifies large orders in the range of 25 billion rupees to 50 billion rupees.

^BSENifty 50BOM:500493BOM:500510NSE:BHARATFORGNSE:LT
Research

Nomura Downgrades Larsen & Toubro to Neutral from Buy, Adjusts Price Target to INR3,940 from INR4,510

Larsen & Toubro (NSE:LT, BOM:500510) has an average rating of overweight and mean price target of 4,443.69 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:500510NSE:LT
Asia

Larsen & Toubro Bags Three Residential Projects in India

The buildings and factories business of Larsen & Toubro (NSE:LT, BOM:500510) has secured three "large" orders from an undisclosed real estate client for three projects across three Indian states, according to a Thursday filing to the Indian stock exchanges.The company classifies large orders as those between 25 billion Indian rupees and 50 billion rupees.The first order is for the development of a residential project in Hyderabad, including the design and construction of 10 high-rise residential towers, each with two basements and 55 floors, along with two clubhouses.The company has also bagged an order to construct a luxury high-rise residential tower in Mumbai, comprising five basements and 63 floors.The third order pertains to the construction of several residential villas, a luxury hotel, and ancillary structures for a project in Karnataka.

BOM:500510NSE:LT
Research

ICICI Securities Downgrades Larsen & Toubro to Add from Buy; Price Target is INR4,300

Larsen & Toubro (NSE:LT, BOM:500510) has an average rating of overweight and mean price target of 4,466 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:500510NSE:LT
Asia

Jefferies Adjusts Larsen & Toubro's Price Target to INR4,885 From INR4,500, Keeps at Buy

Larsen & Toubro (NSE:LT, BOM:500510) has an average rating of overweight and mean price target of 4,487.25 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:500510NSE:LT
Asia

Larsen & Toubro Clinches New Order for Minerals and Metals Business; Shares Up 3%

The minerals and metals business vertical of Larsen & Toubro (NSE:LT, BOM:500510) has secured its largest-ever "mega" order in the domestic metals sector, valued between 100 billion Indian rupees and 150 billion rupees, from JSW Steel (NSE:JSWSTEEL, BOM:500228).Under the contract, the company will provide comprehensive engineering, procurement, and installation of critical process facilities, including blast furnaces and steel melt shops, across various JSW Steel sites in India, mainly at Ballari in Karnataka and Paradip in Odisha.This is part of JSW Steel's expansion of its crude steel processing capacity from 35 million tons per annum (MTPA) to over 50 MTPA by 2031.The company's shares were up over 3% in recent trade.

BOM:500228BOM:500510NSE:JSWSTEELNSE:LT
Asia

Larsen & Toubro's Consolidated Net Profit Declines in Fiscal Q4

Larsen & Toubro's (NSE:LT, BOM:500510) consolidated attributable net profit declined to 53.3 billion Indian rupees in the fiscal fourth quarter ended March 31, from 55.0 billion rupees a year ago.Earnings per share contracted to 38.70 rupees from 39.95 rupees a year earlier, the engineering and infrastructure giant said in a filing to the Indian bourses on Tuesday. The figure missed the 41.58 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, increased to 827.6 billion rupees from 743.9 billion rupees a year ago. This was lower than Visible Alpha's estimate of 868.2 billion rupees.The company's board recommended a final dividend of 38 rupees per share of the face value of 2 rupees each for the financial year ended March 31. It has fixed May 22 as the record date to determine the eligible shareholders for the dividend.

BOM:500510NSE:LT
Asia

Larsen & Toubro to Undertake Coal-to-Ammonia-Nitrate Project in Odisha, India

The hydrocarbon onshore business of Larsen & Toubro (NSE:LT, BOM:500510) has secured a "large order," valued between 25 billion Indian rupees and 50 billion rupees, from Bharat Coal Gasification and Chemicals, a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract involves the establishment of a coal-to-ammonia-nitrate facility in Odisha, India, according to a Tuesday filing to the Indian stock exchanges.Larsen & Toubro will set up a nitric acid and ammonium nitrate plant, to be executed on a lump sum turnkey basis. The facility enables the conversion of coal into ammonium nitrate at a production capacity of 2,000 tons per day.Larsen & Toubro shares were down over 1% in recent trade.

BOM:500103BOM:500510BOM:533278NSE:BHELNSE:COALINDIANSE:LT
Asia

Larsen & Toubro Arm Acquires 100% Stake in International Green Scapes

L&T Realty Properties, a wholly-owned real estate subsidiary of Larsen & Toubro (NSE:LT, BOM:500510), has acquired a 100% stake in International Green Scapes in Delhi, India, for an undisclosed amount, according to a Monday filing to the Indian stock exchanges.The acquisition will allow Larsen & Toubro to use the 20 acres of land owned by International Green Scapes in Gurugram, India. The land has a development potential of around 3.6 million square feet.In the financial year 2025-26, Larsen & Toubro and L&T Realty Developers, another wholly-owned subsidiary of L&T, have together completed land acquisitions across Mumbai, Delhi, and Bengaluru in India, having an aggregate development potential of 3 million square feet.The company's shares were up over 1% in recent trade.

BOM:500510NSE:LT
Asia

Larsen & Toubro Launches Industrial Electronics Manufacturing Business

Larsen & Toubro (NSE:LT, BOM:500510) forays into the business-to-business industrial electronics segment through industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu, India, according to a Friday filing to the Indian stock exchanges.The new business has a brand name of L&T Electronic Products & Systems.The company has initially commissioned two manufacturing lines to offer electronics manufacturing services to Indian and global clients.Larsen & Toubro aims to expand a 40-acre zone within the Coimbatore campus to cover the entire industrial electronics value chain, which will include research and development, in-house product development, contract manufacturing, design and engineering support, sourcing, testing and validation services.The company's shares were down nearly 1% in recent trade.

BOM:500510NSE:LT
Asia

Larsen & Toubro's Buildings and Factories Business Bags Orders Worth Up to INR25 Billion

Larsen & Toubro (NSE:LT, BOM:500510), through its buildings and factories business vertical, has secured "significant" orders, worth 10 billion Indian rupees to 25 billion rupees, in India, according to a Thursday filing to the Indian stock exchanges.The company has bagged an order from Oberoi Realty (NSE:OBEROIRLTY, BOM:53327) to construct seven high-rise residential towers in Gurugram, India.The business vertical received an order to build a proving ground from an international company in Haryana. The facility will be aimed at boosting testing infrastructure for vehicles embedded with the latest technology.The company's shares were up nearly 1% in recent trade.

BOM:500510BOM:533273NSE:LTNSE:OBEROIRLTY
Asia

Larsen & Toubro Arm Signs Pact to Partner With Japan's ITOCHU

L&T Energy GreenTech, wholly-owned subsidiary Larsen & Toubro (NSE:LT, BOM:500510), signed a long-term partnership with ITOCHU Corp. (TYO: 8001), according to a Wednesday filing to the Indian stock exchanges.Under the partnership, L&T Energy will supply ITOCHU 300,000 tons of green ammonia per annum from its proposed production facility at Kandla, Gujarat, in India, on a captive long-term take-or-pay basis.ITOCHU will use the green ammonia supplied from Kandla to support its expanding green bunkering operations in Singapore and other locations.The company's shares were down nearly 1% in recent trade.

BOM:500510NSE:LTTYO:8001