Larsen & Toubro (L&T) Wednesday said its buildings and factories business has won Rs 30.36-billion order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport, Bengaluru.

"The scope of work includes design, engineering, procurement, construction, testing and commissioning of terminal-2

Larsen & Toubro (L&T) Monday said its Heavy Civil Infrastructure Business has won orders worth Rs 7,489 crore in the domestic market. “A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project,” L&T said in a BSE filing.

Larsen & Toubro Friday announced that its construction arm has secured orders worth Rs 14.77 billion.

The company has bagged orders worth Rs 11.57 billion from the Public Health Engineering Department, Rajasthan for the execution of drinking water supply projects in Pali, Dungarpur and Banswara districts of the state, it said in a statement.

NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Thursday said its power business has bagged orders worth Rs 1,400 crore in the domestic market.

The two orders are for setting up flue gas desulphurisation (FGD) systems from NTPC at its Vindhyachal super thermal power plant in Madhya Pradesh and Darlipali super thermal power project in Odisha.

Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology companys industrial products segment. The deal is expected to run for a period of five years with an aggregate revenue potential of $40 million

Bengaluru-based property developer RMZ is in the final round of negotiations to acquire 14-acre land of engineering and construction major Larsen & Toubro (L&T) in Bengaluru. If the deal goes through, it will become the largest land deal in south India this year.

RMZ has quoted around Rs 8.15 billion (Rs 0.58 billion per acre) for the land parcel in Hebbal area of Bengaluru, said sources in the know.

Over the past decade, L&T has experienced significant growth in its core E&C business’ working capital. Our analysis suggests that in the core E&C business, working capital has increased by Rs 148 billion for L&T over FY10- FY18 (a rise of ~5x). As a percentage of E&C sales, this number has risen from ~7.3% in FY10 to ~19.1% in FY18 (peaking in FY16 at ~23%). During the same time frame, the comparable E&C revenue base has gone up ~3x.

Shares of Larsen & Toubro (L&T) Infotech surged 7% to Rs 1,888 on the BSE in early morning trade on Tuesday after the company’s offer for sale (OFS) on Monday got a strong response from the institutional investors. The stock was trading close to its 52-week high of Rs 1,911 touched on August 21, 2018, on the BSE in intra-day trade.

Our in-depth analysis of industrial coverage (19 stocks) across the past one and a half decades yields a couple of notable conclusions: a) Despite a weak demand scenario (FY13-18), the players that adhered to our ‘IBV framework’ — by taking strategic initiatives,balancing growth with cash flow and managing growth volatility —to expand target market outperformed by a long shot.

Larsen & Toubro (L&T) today said its construction arm has won an order worth Rs 1,394 crore for the execution of the Kundalia Irrigation Project – Right Bank in Madhya Pradesh (MP). “The water and effluent treatment business of L&T Construction has won an EPC order worth Rs 1,394 crore from the Water Resources Department, Government of Madhya Pradesh, for the execution of the Kundalia Irrigation Project – Right Bank,” the engineering and construction major said in a BSE filing.

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