Larsen & Toubro

Sunday, Oct 01, 2023 | Last Update : 04:50 AM IST

L&T board reappoints AM Naik as non-executive chairman for three years

Starting off as a junior engineer in 1965, Naik has seen L&T become a multinational conglomerate

06 Jun 2020 4:26 PM

The consolidated total income during the July-September quarter increased to Rs 35,924.89 crore, over Rs 31,086.59 crore in the year-ago period, the filing said. (Photo: File | PTI)

L&T Q2 profit rises 13 per cent to Rs 2,527 crore

The company had posted a consolidated PAT of Rs 2,230.49 crore in the year-ago period, Larsen & Toubro said in a filing to the BSE.

23 Oct 2019 6:12 PM

Larsen & Toubro and HPCL-Mittal Energy raised USD 150 million and USD 125 million, respectively for rupee expenditure.

India Inc's foreign borrowings more than double to USD 4.98 bn in July: RBI

Of total money borrowed by domestic companies, USD 3.37 billion was through automatic route of external commercial borrowing,

02 Sep 2019 4:48 PM

While Sensex closed with 52 points gains at 37,402, the broader Nifty ended 6 points higher at 11,053, much lower than its day’s high of 11,146.

Investors will look to global cues for direction

On the BSE, 1,268 shares rose and 1,212 shares fell. The BSE Mid-Cap index rose 0.20 per cent, while BSE Small-Cap index gained 0.51 per cent.

20 Aug 2019 7:47 AM

ISRO has worked to keep import costs low by designing most of the parts for its programme that are then outsourced to the domestic private sector. (Photo: PTI)

Private sector plays significant role in Chandrayaan-2 mission

Companies like L&T and Godrej group contributing with hardware and testing solutions in success of Chandrayaan-2 mission.

23 Jul 2019 8:58 AM

L&T had bought 20.32 per cent shares in Mindtree from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March.

L&T pays Mindtree shareholders for shares accepted in open offer

The infrastructure major's open offer - at Rs 980 a share - began on June 17 and concluded on June 28.

03 Jul 2019 8:38 AM

The USD 20 billion diversified L&T Group has a market cap of about Rs 2.5 lakh crore at present.

L&T market capitalisation to touch Rs 3 lakh crore in five years: AM Naik

Naik narrated how he aspired to be a manager in L&T and retire when he would get Rs 1,000 salary.

21 May 2019 6:32 PM

The tribunal accepted that after RERA came into force, the appellant by mistake had issued an allotment letter mentioning the MOFA area as carpet area but rectified it by two communications later. (Representational image)

Tribunal overturns MahaRERA order

The complainant had booked a flat but later demanded another flat of a similar size on an upper floor, and meanwhile RERA came into force.

06 May 2019 7:59 AM

According to data available at the BSE, L&T bought 3.27 crore shares held by Siddhartha and Coffee Day Trading Limited on Tuesday. (Photo: PTI)

L&T buys VG Siddhartha, Coffee Day stake in Mindtree for Rs 3,210 cr

Infrastructure major Larsen & Toubro is in fray to buy up to 66 per cent stake in the Mindtree for around Rs 10,800 crore.

01 May 2019 4:01 PM

The investment will support growth of L&T IDFs loan book across sectors such as renewable energy, roads, power transmission, airports and ports, the statement said.

Apis Partners to invest USD 110 mn in L&T Infra Debt Fund

L&T IDF has a loan book of Rs 8,000 crore and the investment will help grow the book, an official statement said.

25 Apr 2019 7:20 PM

The announcement came at a time when L&T has made an offer to buy up to 66 per cent stake in IT firm Mindtree for around Rs 10,800 crore.

Larsen & Toubro expects USD 1 bn revenue from L&T Nxt in 5-7 years

L&T Nxt will focus on artificial intelligence, IoT, virtual reality, augmented reality, geospatial solutions and cybersecurity.

31 Mar 2019 3:41 PM

On its part, L&T has offered to buy 51.3 million Mindtree shares from public shareholders at a price of Rs 980 a share.

Mindtree spikes buyback plan

Mindtree said it has decided to constitute a Committee of Independent Directors to evaluate the L&T offer.

27 Mar 2019 1:41 AM

"The board of directors of the company, at a meeting held on March 26, 2019, has decided not to proceed with a buy-back of equity shares of the company," Mindtree said in a regulatory filing.

Mindtree forms panel over L&T open offer, nixes share buyback plan

Mindtree co-founders have opposed the bid by L&T to acquire it.

26 Mar 2019 6:27 PM

L&T will buy the stake from Indian coffee baron VG Siddhartha and companies related to him, Coffee Day Enterprises and Coffee Day Trading, L&T said late on Monday. (Photo: File | PTI)

L&T to buy 20.3 per cent stake in Mindtree; shares fall

L&T stock was trading 1.2 per cent lower in the Mumbai market that gained 0.2 per cent.

19 Mar 2019 10:56 AM

Mindtree was not immediately available for a comment while L&T said they did not comment on market speculations. (Photo: File | PTI)

L&T may spend about USD 1 billion in Mindtree takeover bid: report

As per report, L&T will buy out Mindtree’s largest shareholder VG Siddhartha and companies in which he is a promoter.

18 Mar 2019 12:29 PM

Last week, Cognizant was fined $25 million by the US Department of Justice for paying bribes in India, and two of its former executives were charged on 12 counts.

DMK demands case against Cognizant

As the company came under fire, D'Souza tried to clear the air, in an email to company employees on Monday.

19 Feb 2019 1:42 AM

The enterprise value payable for the acquisition of 100 per cent share capital of Nielsen+Partner is EUR 28 million on a cash-free, debt-free basis, which includes upfront consideration and a performance based earn-out. (Photo: File)

Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28 mn

The acquisition is subject to customary closing conditions which are expected to get completed within six weeks.

14 Feb 2019 1:08 PM

Larsen & Toubro (L&T) on Friday said that it will seek the approval of shareholders to buy back shares worth up to Rs 9,000 crore.

L&T to seek shareholders' nod to buyback shares worth up to Rs 9,000 cr

Notice is hereby given to seek approval of the shareholders for buyback of equity shares.

31 Aug 2018 5:20 PM

Larsen & Toubro board on Thursday approved the proposal to buy back six crore shares amounting to Rs 9,000 crore to reward its shareholders.

L&T board approves Rs 9,000-crore buyback plan

The buyback price is at over 13 per cent premium to Tuesday's closing price of Rs 1,322.15 per share.

23 Aug 2018 12:29 PM

Board of directors will consider a proposal for buyback of equity shares of the company.

L&T stocks jump over 6 per cent on share buyback proposal

Company opened on a bullish note at Rs 1,300 then surged further and touched a high of Rs 1,319.65.

20 Aug 2018 11:47 AM

1 of 3

Columns

Shashi Warrier

larsen & toubro