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Larsen & Toubro News
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The company's EBITDA margin declined by 70 basis points to 9.7 per cent in Q3FY25 from 10.4 per cent a year ago. This decline was primarily due to a sharp rise in costs.
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The Omkareshwar Floating Solar Power Plant, part of a 600 MW floating solar park on the Narmada River, is India’s largest initiative in floating solar energy.
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An undated video of L&T Chairman SN Subrahmanyan, circulating on Reddit, has stirred controversy.
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The stock rallied 2.94 per cent to settle at Rs 3,623 on the BSE. During the day, it jumped 3.15 per cent to Rs 3,630.55.
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The consolidated order book of the group as of June 30, 2024, at Rs 490,881 crore, registers growth of 3 per cent over March 2024 and 19 per cent y-o-y, with the share of international orders at 38 per cent.
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Both L&T (51 per cent) and CPP Investments (49 per cent) stakes have been acquired by Epic Concesiones Private Limited, an investee company of Edelweiss Infrastructure Yield Plus Strategy, managed by Edelweiss Alternative Asset Advisors Limited (EAAA).
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Ayodhya Ram temple is made up of 390 pillars in total, six of which are made of Makrana marble and are adorned with elaborate carvings that depict over 10,000 idols and themes on each floor.
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The Incredible Success Story Of L&T's CEO: Anil Manibhai Naik's transformative journey continues to inspire, standing as a beacon of hope for those striving for excellence in both their professional and philanthropic pursuits.
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L&T chairman A M Naik drew a total remuneration of Rs 6.18 crore for 2019-20 as against Rs 8.15 crore in 2018-19.
L&T CEO & MD S N Subrahmanyan took home Rs 27.17 crore for 2019-20, showing a pay cut of 43.91 percent.
Whole-time Director & Chief Financial Officer R Shankar Raman saw a pay cut of 47.33 percent to Rs 13.20 crore.
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On expectations from the upcoming Union Budget, L&T's Whole Time Director and CFO R Shankar Raman said the government does not have enough resources to meet its plans for public spending.
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Mindtree has appointed named SN Subrahmanyan, CEO of Larsen & Toubro Ltd (L&T), as its non-executive vice chairman.
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Mindtree would also form a committee of independent directors to evaluate L&T`s offer, it said in a statement.
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MindTree was co-founded by -- Krishnakumar Natarajan, Rostow Ravanan, Subroto Bagchi and N S Parthasarathy.
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This would be the first hostile takeover bid in the country's IT sector.
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The buyback price is at over 13 percent premium to Tuesday's closing price of Rs 1,322.15 per share.
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The E&A business had net revenue of Rs 5,038 crore in the financial year to March 2017.
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The cost escalation is to the tune of over Rs 4,600 crore.
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Terming the work awarded by the Central Board of Direct Taxes as a "high volume digital deal", he elaborated that the project involves creating a 'semantic web' where web pages are structured and tagged in such a way that can be directly read by the computers.
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L&T Construction has bagged orders worth Rs 2,170 crore across business segments, the company said in a BSE filing.
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The project is scheduled to be completed in the third quarter of 2020.
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