ANIL V PARAB
L&T targets nuclear energy, expects 3x revenues in 5 years
"L&T has been associated with India's nuclear programme since its inception and has supported technology development, manufacturing and localisation," Anil V Parab, whole-time director and senior executive vice president, heavy engineering & manufacturing, told ET. "We will continue to support the government's push to scale nuclear capacity from about 8.8 GW currently to 100 GW by 2047."
India could order more homegrown reactors as nuclear push grows
India nuclear push: It’s an ambitious goal that would mark an eleven-fold rise from current levels and could require $211 billion of investment, according to government estimates.
JM Financial maintains Buy on Larsen & Toubro; target price Rs 4,015
JM Financial recommends buying Larsen & Toubro with a target price of Rs 4,015, currently trading at Rs 3,477.1. The construction company reported a consolidated total income of Rs 65,635.65 crore for the quarter ending December 2024, with net profits of Rs 4,001.03 crore. L&T's hydrocarbon vertical received its largest order from Qatar Energy LNG, valued at approximately $4.5 billion.
Buy Larsen & Toubro, target price Rs 3,825: JM Financial
JM Financial has recommended buying Larsen & Toubro with a target price of Rs 3825 as the company reported significant growth with a total income of Rs 62655.85 crore and net profit of Rs 4112.81 crore in the latest quarter. L&T secured a major Rs 76 billion order from the Ministry of Defence for K9 Vajra-T artillery platforms.
L&T dispatches ethylene oxide reactors to China
Infrastructure major Larsen & Toubro (L&T) on Wednesday said it has dispatched the world's heaviest ethylene oxide reactors -- a crucial component in petrochemical plants -- to China. The reactors were dispatched by the heavy engineering vertical of Larsen & Toubro (L&T) for a project of chemical giant BASF in China, the company said in a statement.
L&T arm opens new manufacturing facility in Saudi Arabia
Larsen & Toubro's subsidiary, L&T Valves Ltd, inaugurates a new manufacturing facility in Saudi Arabia, strategically located in Al Jubail. The move aims to bolster local production capabilities and align with Saudi Vision 2030. The facility will cater to the increasing demand in the Middle East and Africa, strengthening collaboration with Saudi Arabia
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Buy Larsen & Toubro, target price Rs 3806: Geojit Financial Services
Geojit Financial Services has buy call on Larsen & Toubro Ltd. with a target price of Rs 3806.0. The current market price is Rs 3393.0. Larsen & Toubro Ltd., incorporated in 1946, operates in the Construction sector with key Products/Revenue Segments including Income From Construction Work and Manufacturing. The top management includes Mr.A M Naik and others.
Larsen & Toubro dispatches coke drums to Mexico
These coke drums were successfully manufactured during the COVID-19 pandemic at L&T's state-of-the-art Heavy Engineering Complex located at Hazira near Surat, the company said in a statement.
L&T's heavy engineering arm dispatches mega tubular reactors to petrochemical complex overseas
The reactors were manufactured at L&T's heavy engineering complex located at Hazira near Surat. These highly complex reactors are crucial equipment for production of mono ethylene glycol in the petrochemical complex.
SC to hear plea challenging suspension of 12 BJP MLAs from Maha Assembly for one year
The Maharashtra Vikas Aghadi government led by chief minister Uddhav Thackeray is slated to hold the winter session of the state assembly between December 22 and 28 in Mumbai.
L&T builds cryostat for USD 20 bn global fusion project
The final assembly or top lid sectors of the cryostat, a key part of the world's largest nuclear fusion reactor being built in France, were dispatched on Tuesday from the company's Hazira manufacturing complex in Surat district in Gujarat.
L&T-made major cryostat base installed in world's largest nuclear fusion project in France
A cryostat forms a vacuum-tight container surrounding the reactor vacuum vessel and superconducting magnets, and acts essentially as a very large refrigerator.
Larsen & Toubro wins 'significant' contracts in Jan-Mar quarter
Though the company did not specify the exact amount of the orders, an order under the 'significant' category ranges between Rs 1,000 crore and Rs 2,500 crore.
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