State Bank of India (SBI), Larsen & Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) were three companies from the 30 share S&P BSE Sensex which touched their respective 52-week lows as the market recorded biggest single day fall in four months.

The S&P BSE Sensex tumbled 2.05% or 534 points to close at 25,627, its sharpest single day fall since September 22, 2015, due to the weak Chinese manufacturing data. The Nifty50 plunged 171 points to end at 7,793.

MUMBAI: In a sudden move, A M Naik chairman of engineering conglomerate, L&T has stepped down from his post as second-time chairman of the Indian Institute of Management . In a letter addressed to the HRD minsitry, A M Naik is understood to have officially cited time constraints behind his decision to quit the post.

The move has taken the academic circles by surprise given Mr Naik's huge interest and involvement in the growth of IIMA. Speculations within the academia point towards ego tussles between the institute and the HRD ministry which however remain unconfirmed.

The earnings and orders miss in 1HFY16 might suggest that nothing is going right for L&T; however, we believe that after a weak FY16F, L&T is well placed for an earnings recovery and improving RoE on the back of:

Management’s decision to change the company’s focus to asset light businesses and unlocking value from its subsidiaries/JVs over the past two years and going forward (real-estate, Dhamra & Kattupalli ports, L&T Finance, L&T Infotech).

Larsen & Toubro (L&T) has bagged orders worth Rs 1,178 crore across various segments so far this month.

"The construction arm of L&T has won orders worth Rs 1,178 crore across various businesses in December 2015", the company said in a filing to the BSE.

NEW DELHI: The S&P BSE is trading comfortably above its crucial psychological level of 25,000 ahead of the all-important rate review announcement by the US Federal Reserve due later on Wednesday.

But experts said volatility is something Dalal Street will have to deal with at least for some more time. In the meantime, individual counters will continue to see strong activity as there is no dearth of buying opportunities for alert investors.

Shares of Larsen and Toubro (L&T) have slipped almost 2% to Rs 1,298, also its 52-week on the National Stock Exchange (NSE) in intra-day deals today.

Meanwhile, the company has secured orders worth Rs 1,960 crore across business segments.

Engineering and construction major Larsen & Toubro (L&T) today said it has bagged orders worth Rs 1,960 crore across business segments.

The company's construction arm has secured these contracts in different businesses including water and effluent treatment projects, Larsen & Toubro said in a BSE filing.

Tata group is banking on winning the Rs 60,000-crore project to design and build a Fighting Infantry Combat Vehicle (FICV) under Make in India in Defence to bring more than a dozen group companies together. Tata Motors is one of the ten contenders — L&T, Tata Power (SED), Tata Motors, Mahindra & Mahindra, Bharat Forge, Pipavav Defence, Rolta India, Punj Lloyd, Titagarh Wagons, and the Ordnance Factory Board (OFB) — for the FICV programme, who have been issued an expression of interest (EOI) by the defence ministry.

These firms have been asked to submit proposals by January 15, 2016 to build the FICV, a tracked, armoured battle-taxi, which will be operated by three crewmembers and carry eight combat soldiers into battle. As per the EoI, the FICV must be air-portable by IL-76 and C-17 aircraft, and fire anti-tank guided missiles up to 4,000 metres.

L&T Construction’s power transmission & distribution business has won orders worth Rs 1038 crores in the international and domestic markets in November 2015. Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of L&T, has bagged an order valued at $ 108.2 million for the construction of five 132 kV substations at Hail area from the National Grid, Saudi Arabia, a subsidiary of Saudi Electricity Company.

NEW DELHI: Engineering major Larsen & Toubro (L&T) on Thursday said power transmission and distribution business of L&T Construction has bagged orders worth Rs 1,038 crore in domestic and international markets so far this month.

"The power transmission and distribution business of L&T Construction won orders worth Rs 1,038 crore in international and domestic markets in November 2015," the company said in a BSE filing.

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