Larsen & Toubro Ltd Share Price (LT)

L&T Granted Land for Green Production Units; MahaRERA Directs Refund - 17 Apr, 2024

Larsen & Toubro has been granted 1,500 acres of land by Kandla Port for setting up green hydrogen and ammonia production units. Meanwhile, MahaRERA has directed L&T to refund the balance amount to an Abu Dhabi homebuyer.

Analyst Recommends Buying L&T on Dips - 16 Apr, 2024

Sudip Bandyopadhyay recommends buying L&T on dips with a target of Rs 4,500. The company's working capital management and unrelated diversification getting out of unrelated diversification has improved the fund position and liquidity. One-third of the book is now international with Saudi Arabia being one of the largest markets where L&T is now operating and getting contracts, the margin profile is changing with higher margin contracts coming in.

India's Infrastructure Bright Spot Amidst Geopolitical Tensions - 15 Apr, 2024

The Indian government has allocated over 11 trillion rupees for infrastructure projects, highlighting it as a bright spot. However, Larsen & Toubro was among the losers in the Indian equity indices due to geopolitical tensions and higher-than-expected US inflation.

L&T Divests Stake in Non-Core Business Amid Concerns Over Saudi Spending Programs - 12 Apr, 2024

Larsen & Toubro sells its entire stake in L&T Infrastructure Development Projects Ltd. Kotak Institutional Equities maintains a Sell rating on L&T stock due to concerns over Saudi spending programs. L&T's shares rise by 1%.

L&T Sells Stake in IDPL, Edelweiss-Backed Platform Wins Project - 11 Apr, 2024

Larsen & Toubro has completed the sale of its entire equity stake in L&T Infrastructure Development Projects to Epic Concesiones. Meanwhile, an Edelweiss Alternatives-backed platform has won L&T infrastructure development projects.

L&T Secures Plots for Green Hydrogen Units - 10 Apr, 2024

Larsen & Toubro has secured five plots at Deendayal Port Authority in Kandla to set up green hydrogen and ammonia production units. The cumulative investment in these projects could reach up to ₹1 lakh crore.

L&T to Diversify into Non-Military Equipment Manufacturing - 07 Apr, 2024

Larsen & Toubro's defence division, L&T Defence, plans to make non-military advanced equipment at its facilities designed for defence manufacturing purposes. The move is aimed at better utilising assets while waiting for larger defence contracts. Infrastructure and construction-related companies, including L&T, are expected to benefit.

L&T Penalized by Qatar's Tax Authority - 05 Apr, 2024

Larsen & Toubro has been fined Rs 60.84 crore by Qatar's General Tax Authority for discrepancies in its declared income compared to the authority's assessment. The company plans to appeal the penalty, deeming it arbitrary and unjustified. L&T's stock lost 1.09% today, trading at Rs 3758.55.

Sanjay Gupta appointed as Chief Business Officer and Global Head of Engineering at L&T Semiconductor Technologies - 04 Apr, 2024

Former President and CEO of Minda Instruments, Sanjay Gupta, has been appointed as the Chief Business Officer and Global Head of Engineering at L&T Semiconductor Technologies. The company aims to invest up to Rs 830 crore towards fabless semiconductor chip design and product ownership.

L&T Could Benefit from Schneider's Expansion Plans - 03 Apr, 2024

Schneider Electric India plans to invest Rs 3,500 crore in expanding capacity across its three major brands, including L&T Electrical and Automation, which could potentially lead to increased business for Larsen & Toubro. Additionally, L&T is among the top 10 constituents of Nifty500 Multicap Infrastructure 50:30:20 Index.

L&T Stock Rises on Positive News - 02 Apr, 2024

Larsen & Toubro Ltd (L&T) received orders worth Rs 1.8 trillion in 9MFY24, up 65% YoY, driven by overseas orders. Domestic inflows declined by 11%. Citi Research raised its target price for L&T to Rs 4,373 per share with potential upside of 14%. The stock has given a breakout from a Cup & Handle pattern on the daily chart.

L&T Shifts Focus to Hi-Tech Engineering Projects - 01 Apr, 2024

Larsen & Toubro Ltd. is transitioning to an asset-light model with a focus on hi-tech engineering and technology projects, leading to gains in Indian benchmark stock indices.

L&T Adviser Emphasizes Need for India's Own Defence Technology - 30 Mar, 2024

Jayant Patil, member of executive committee & adviser, defence and smart technology, at L&T has emphasized the need for India to develop its own technology in the defence sector to attain meaningful strategic autonomy.

L&T Secures Multiple Orders Worth Rs 1,000-2,500 Crore - 28 Mar, 2024

Larsen & Toubro (L&T) subsidiary, L&T GeoStructure, has secured significant multiple orders worth Rs 1,000-2,500 crore from across India for various construction projects. Additionally, L&T reported a 15.45% YoY jump in consolidated net profit to Rs 2,947.36 crore in Q3 FY24.

L&T Secures Large Orders; Board Approves Fundraise - 27 Mar, 2024

Larsen & Toubro's construction arm secures large orders for its Buildings & Factories business in the domestic and international markets. The company's board also approves a proposal to raise Rs 7,500 crore via external commercial borrowing, term loans, non-convertible debentures. L&T stock rises 1.17%.

L&T Board Approves Long-Term Borrowing of Up to Rs 7,500 Crore - 26 Mar, 2024

The board of Larsen & Toubro Ltd has approved a proposal to raise funds worth Rs 7,500 crore through external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate. The company did not disclose details of the purpose of fundraising. Shares closed 1.45% higher.

L&T Board Meeting Scheduled for Fund Raising Approval - 22 Mar, 2024

Larsen & Toubro (L&T) is set to raise funds through debt issues as its board of directors meets on March 27 to seek approval. Additionally, the National Company Law Tribunal has approved the merger of L&T Innovation Campus with L&T Seawoods.