Larsen & Toubro announced The hindu yesterday that there hopes to begin work on the integrated shipbuilding yard and port at Ennore, north of Chennai is nearing and they are positive on the way how the activities are going, Its proposal for this project got the Tamil Nadu Government’s approval in January 2008, and the company is now discussing the agreement it will sign with the Government for the project.They are looking for a 1200 acre of land and when its ready it will take around 24 month to complete .
Larsen & Toubro Ltd (L&T) has informed the market that the Electrical & Electronics Division (EBG) of L&T has been awarded the contract for SCADA system for Onshore Control Centres (OCC) for offshore operations by Oil and Natural Gas Corporation (ONGC). The contract is worth Rs 74.7 crore.It has to be executed in 11 months , the stock price of larsen toubro went up by 6 percent or 180 rs today after the company clarified on the 200 crore loss news that was informed by motilal oswal to the market.
L&T revealed that the company’s hedging loss amount may be upto Rs 150 crore to Rs 200 crore. The hedging losses were due to volatile commodity markets,They said it will be shown over a span of a year .This happens for any company profit and loss will happen to any company , it really matters finally what number they are coming out with , they are building the order book almost daily.
Disclaimer : i hold stock of Larsen Toubro.
Larsen & Toubro Ltd (L&T) informed the market that it has bagged 3 projects worth Rs 458 crore for transmission line projects.The project details are below.
1.Two orders worth Rs 220 crore Power transmission line project for power grid, the PGCIL projects are to be completed in 24 months.
2.Rs 238 crore order from M/s. Jaypee Powergrid Ltd (A Joint Venture between M/s. Jaiprakash Hydro Power Ltd & M/s. Power Grid Corporation of India Ltd),project will be completed in 30 months.
Larsen & Toubro Ltd (L&T) has informed the market that there EPC Division of the Company has been awarded another major Contract by Cairn India for the Engineering Procurement and Construction (EPC) services for the Export Crude Oil Insulated Pipeline and Gas Pipeline from Barmer, Rajasthan to Salaya, Gujarat.The value of the order is not known will be soon available here , the stock is down by 4 rs , this stock is going to jump one day to 4000 to 4500 range.
Larsen & Toubro Ltd (L&T) has announced the market that the Company has been awarded a Rs 1,250 crore turnkey fast track project by Oil & Natural Gas Corporation (ONGC), India. This order reaffirms L&T’s world class capabilities in the Oil & Gas Sector.Not sure this is one company which is making sure that every month the order book is filled up by like 5000 crore but not a huge movement in the stock.
Larsen & Toubro Ltd (L&T) informed the market today that they have bagged project worth Rs 311 crore from the Qatar General Electricity and Water Corporation (KAHRAMAA) for the Design, Supply, Installation and Commissioning of five 66/11 Substations at Qatar, as a part of the KAHRAMAA PHASE VIII.
Larsen & Toubro Ltd has announced the market yesterday that they have bagged orders worth Rs 1107 crore from SAIL for the turnkey construction of Coal & Coke Handling Plant and Base Mix Preparation plant at IISCO Steel Plant, Burnpur, in West Bengal, ECC, L&T’s construction division will execute this order.The Execution time for the project is 27 months.
Larsen & Toubro Ltd (L&T) has posted a profit after tax of Rs 481 crore for the quarter ended December 31, 2007 as compared to Rs 343 crore for the quarter ended December 31, 2006. Total Income has increased from Rs 4224 crore for the quarter ended December 31, 2006 to Rs 6483 crore for the quarter ended December 31, 2007.The result is simply mindblowing.
Larsen and Tobro has bagged 3 order from middle eastw hich adds up to order worth 1057 crore.
>L&T (Oman) LLC, a subsidiary of L&T and one of the leading engineering and construction majors in Oman, has bagged three EPC contracts worth USD 116 million (Rs 457 crore), from Oman Electricity Transmission Company (OETC) for Electrical Grid Stations and associated Transmission System in Oman.
>Another order to build a USD 48 million (Rs 189 crore) factory complex in Oman.
>Third order bagged as an EPC order valued at Rs 411 crore (USD 105 million/ AED 383.62 million) from the Al Ain Distribution Company (AADC) for the construction of 5 nos electrical substations and associated MV Cabling in the Al Ain city of Abu Dhabi.
Larsen Toubro which went down today like anything has been awarded an order to manufacture and supply 22 Hydrocracker & Atmospheric Residue Desulphurisation (ARDS) Reactors for Kuwait National Petroleum Company’s prestigious “Clean Fuel Project 2020”.The total value of the order is KWD 117.89 mn, equivalent to USD 421 mn (Rs 1695 cr). This is the largest ever order placed with any single manufacturer in the world for such critical reactors. The order has been won against stiff international competition from Japanese and Italian reactor manufacturers.
‘Eden Park’ LAUNCHED at Siruseri near chennai. Its a township project which would be spread over 100 acres, and will be developed in four to five phases at an estimated cost of Rs 1,200 crore , it will build 656 apartments in over 14 acres within a time span of two and half years.The first phase would comprise 14-storey eight blocks.
Larsen & Toubro (L&T) has won an order worth Rs 2000 crore from Kingston Properties for construction of various office & residential buildings in Mumbai, which is to be developed in a span of 4 years. The other order is worth Rs 665 crore from Cognizant Technology for its development centers in Chennai and Kolkatta.The total order won was more than 12000 crores for a while may be for 4 or 5 months.
Larsen & Toubro Ltd (L&T) surged today in the market after winning order from Cairn energy worth around 1300 crore span across two major contracts for the Construction of Civil works and the Consolidated Construction Works for the Northern Area Development Project located near Barmer in Rajasthan as Cairn India and its joint venture partners ONGC get ready for first oil production in 2009.