L&T gets Rs 1,050-crore contract for rail tracks electrification

This is first engineering, procurement and construction contract of Railways under Mission Electrification.

IT exports likely to expand by 8 per cent, hire 1.5 lakh people

Nasscom expects export revenues to grow by 7 to 8 per cent, not hugely different from last year.

Government held 6.55 per cent stake in engineering firm L&T and post sale, its shareholding has come down to around 4 per cent.

Project, awarded by Tanzaia's Minstry of Water and Irrigation, will be executed by L&T in a JV with Shriram EPC.

Orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit.

Lay-offs amount to 11 per cent of construction company’s total workforce.