An arm of Larsen and Toubro Ltd. has landed a contract worth 2,864 crore from Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL).

L&T Construction’s Transportation Infrastructure Business has been awarded the contract for Eastern Dedicated Freight Corridor.

New Delhi: Larsen & Toubro Ltd (L&T) on Thursday moved the National Company Law Tribunal (NCLT) seeking ‘higher priority’ in repayment of dues owed by Bhushan Steel Ltd.

Bhushan Steel owes Rs900 crore to L&T for supply of certain capital goods.

While the government’s structural reforms augur well for the long term, much would depend on a supportive macro environment and adaptiveness of businesses to the changes, SN Subrahmanyan, CEO & MD, Larsen & Toubro, tells Shubhra Tandon. Excerpts:

The year 2017 saw some significant reforms, the most important being GST. This also caused some disruptions to business. How do you view business activity now and what is your outlook for 2018?

A year after Prime Minister Narendra Modi laid the foundation stone for the proposed 210-metre tall statue of Maratha warrior king Shivaji Bhonsle off the Mumbai coast, the construction work for the project has been awarded to Mumbai-based Larsen & Toubro (L&T). According to sources, L&T, which had bid for the project, revised its bid downward from Rs 3,826 crore to Rs 2,500 crore.

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments.

L&T said its buildings and factories business has bagged orders worth Rs 928 crore.

NEW DELHI: Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,680 crore from Pune Municipal Corporation. In a regulatory filing L&T said its water and effluent treatment business has bagged orders worth Rs 1,680 crore from Pune Municipal Corporation for a study, survey, investigation, assessment, design validation and revamping of the entire water supply system for Pune.

L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering giant Larsen & Toubro, has secured a Rs 2,200-crore contract from Abu Dhabi's Al Dhafra Petroleum Operations Company.

L&T Hydrocarbon Engineering has signed "a major field development EPC contract with Al Dhafra Petroleum Operations Company Ltd, Abu Dhabi, UAE, with a value in excess of Rs 2,200 crore", Larsen and Toubro stated in a BSE filing today.

Indian industrial group Larsen & Toubro Ltd reported a 53 per cent rise in third-quarter profit, beating analysts' expectations, as new orders rose, mainly in the infrastructure and hydrocarbon segments.

Net profit rose to Rs 14.90 billion ($234.20 million) in the quarter ended Dec. 31, from 9.72 billion rupees a year earlier.

Mumbai: India’s largest engineering and construction company Larsen and Toubro Ltd on Thursday crossed Rs2 trillion market cap for the first time after its shares soared over 13% so far this year.

The stock touched a high of Rs1,430.60 a share and gained as much as 1.25% in intraday trade. Currently, its market cap stands at Rs2.01 trillion. At 9.35am, its shares were trading at Rs1,429.50 apiece on the BSE, up 1.17% from its previous close, while India’s benchmark Sensex index rose 0.49% to 36,228.72 points.

L&T Finance Holdings Ltd’s (L&TFH) consolidated net profit for the third quarter ended December 2017 rose by 42 per to Rs 3.84 billion on sharp rise in fee income and control over expenses. It had posted a net profit of Rs 2.7 billion in third quarter of 2016-17 (FY17).

Total Income rose by 25 per cent to Rs 27 billion in Q3Fy18. The fee income saw 93 per cent jump at Rs 3.55 billion.

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