Larsen and Toubro News

Muraleedharan in a long post on LinkedIn wrote that "It's truly disheartening to see how the words of our MD & Chairman, SN Subrahmanyan (SNS) have been taken out of context, leading to misunderstandings and unnecessary criticism." 

The L&T Chairman's 90 hours work-week video received a backlash from netizens on social media platforms, with many users comparing it to Infosys founder Murthy's statement about working 70 hours a day.

Director General Indian Coast Guard K Natarajan and Inspector General Region East S. Paramesh were also present with other dignitaries and officers. This is the last in the series of seven vessels that was designed and built exclusively for the Coast Guard by Larsen and Toubro Shipbuilding as a part of the ‘Make in India’ initiative. The 98-m long ship has a displacement of 2100 tons, is capable of achieving a top speed of 26 knots and has an endurance of 5000 nautical miles and has the ability to stay at sea for 20 days without replenishment. The ship has been fitted with advanced navigation and communication equipment, sensors and machinery that are capable of operating in tropical climates. ​The ship has been designed to carry integral Twin Engine Helicopter which will enhance its operational, surveillance, search and rescue capability.

The overall PAT, including the PAT from discontinued operations for the quarter April to June, 2019 grew by 21.2 percent to Rs 1,473 crore as against Rs 1,215 crore for the corresponding quarter of the previous year, L&T said in a BSE filing.

The infrastructure major's open offer - for Rs 980 a share - opened on June 17 and closed on June 28, 2019.

In March this year, L&T had bought 20.32 percent stake from coffee baron VG Siddhartha and companies related to him and as since kept buying stake in Mindtree from its promoters and through an ongoing open offer.

Last week, infrastructure major L&T had announced its Rs 5,030-crore open offer to acquire an additional 31 percent stake in the mid-tier IT company after nearly a month's delay.

Earlier this month, L&T had purchased around 20 percent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from the open market.

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.93 percent, compared to 23.92 percent prior to the transaction, another filing said.

Posing five questions to diversified Larsen and Toubro (L&T), which already has two separate IT firms, the promoters also wanted to know what would happen if Mindtree employees choose to leave after the takeover.

Naik was awarded the Padma Bhushan in 2009.

This is the first private facility in the country where the K9 Vajra self-propelled Howitzer guns will be manufactured.

The L&T had in 2017 won a contract worth Rs 4,500 crore to supply 100 units of the K9 Vajra-T 155 mm/52 calibre Tracked Self-Propelled gun systems to the Indian Army. 

The government is all set to roll out the process for the Rs 60,000-crore submarine programme.

Jalona will operate out of L&T Infotech's office in New Jersey, USA.

Larsen and Toubro (L&T) Monday said it bagged global orders worth Rs 4,006 crores ($6.5 billion) across various business verticals in December 2014.

Engineering and construction major Larsen and Toubro on Friday reported a 7 percent rise in consolidated net profit for the July-September quarter at Rs 862 crore on higher revenues.

Shares of conglomerate Larsen and Toubro slumped around 7 percent on Wednesday after the company`s April-June net profit, adjusted for exceptional items worth Rs 2.49 billion, missed estimates.

Engineering major Larsen and Toubro (L&T) on Monday reported over two-fold increase in the consolidated net profit at Rs 966.89 crore for the April-June quarter, mainly on the back of gain on disinvestments and stake sale in one of its projects.