Larsen & Toubro will hold a meeting of the Board of Directors of the Company on 30 January 2025.Powered by Capital Market - Live

The Heavy Engineering arm of Larsen & Toubro has won multiple orders in Q3 of FY25 in the overseas and domestic markets. According to the company's project classification, the value of the orders range between Rs 1,000 crore to Rs 2,500 crore. In the overseas market, it secured an order for LNG equipment for a project in the USA. One of the largest LNG project orders, this underscores L&T's position as a global leader in the heavy engineering sector, leveraging extensive expertise and state-of-the-art manufacturing technology to deliver high-quality LNG equipment. The business also secured a breakthrough order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) Plant in Turkey. The order is a testament to L&T's hi-tech manufacturing prowess in the petrochemical segment. Further, the business has secured a prestigious repeat order from a leading oil & gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit (FCCU) revamp project. The order reaffirms L&T's position as a reliable and trusted player in brownfield EPC space, delivering innovative and high-quality solutions for complex revamp projects. The business has then bagged an order from a prestigious client in Kuwait. This is for the supply of critical components for hydrocracker reactors and high-pressure heat exchangers. On the domestic front, Heavy Engineering has secured orders for three urea reactors - from Southern Petrochemical Industries Corporation for India's longest urea reactor, Indian Farmers Fertiliser Cooperative Ltd, and Indorama India Private Ltd. These have taken the number of urea reactor orders that the business has received in recent years to 17 in a row, thus solidifying its dominance in the supply of critical equipment for the fertiliser sector. Powered by Capital Market - Live

According to the company's classification, the value of the significant contracts ranged between Rs 1,000 crore and Rs 2,500 crore. In the overseas market, the company secured an order for LNG equipment for a project in the USA. Additionally, L&T's business had received a breakthrough order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) plant in Turkey. This order was described as a testament to L&T's advanced manufacturing capabilities in the petrochemical sector. The company had also been awarded a repeat order from a leading oil and gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit (FCCU) revamp project. Furthermore, the company bagged an order from a prestigious client in Kuwait for supplying critical components for hydrocracker reactors and high-pressure heat exchangers. On the domestic front, L&T's heavy engineering division had won contracts for three urea reactors from Southern Petrochemical Industries Corporation for India's longest urea reactor, Indian Farmers Fertiliser Cooperative, and Indorama India. With these contracts, the division had received a total of 17 consecutive orders for urea reactors, further strengthening its leadership in supplying critical equipment for the fertilizer sector. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. The srip rose 0.98% to Rs 3,606.05 on the BSE. Powered by Capital Market - Live

As per Larsen & Toubro's (L&T) classification, the value of the 'large' contract lies between Rs 2,500 crore and Rs 5,000 crore. The company won an order to implement an advanced distribution management system in West Bengal. This technology makes power distribution smarter by combining outage management system and distribution management system functionalities. Through real-time monitoring and control of medium and low-voltage networks, the reliability of the network will be enhanced with quick isolation of faults and faster restoration. Futher the firm received an order for a key 380kV substation in Saudi Arabia, which will facilitate evacuation of solar generation. Then, at a major city project in Kuwait, PT&D has won a 400kV substation order. Lastly, in Dubai, PT&D has secured orders for establishing a set of EHV substations which includes a 400/132kV substation. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The company reported a 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on a 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. Shares of Larsen & Toubro rose 0.40% to currently trade at Rs 3,617.35 on the BSE. Powered by Capital Market - Live

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won new orders in India and the Middle East. According to the company's project classification, the value of the orders range between Rs 2,500 crore to Rs 5,000 crore. It has won an order to implement Advanced Distribution Management System in West Bengal. This technology makes power distribution smarter by combining Outage Management System and Distribution Management System functionalities. Through real time monitoring and control of medium and low voltage networks, the reliability of the network will be enhanced with quick isolation of faults and faster restoration. In Saudi Arabia, an order for a key 380kV Substation which will facilitate evacuation of solar generation has been secured. Then, at a major city project in Kuwait, PT&D has won a 400kV Substation order. In Dubai, PT&D has bagged orders for establishing a set of EHV substations which includes a 400/132kV Substation. Several substations are being added to the Emirate's power transmission infrastructure as it seeks to remain a preferred destination to live, work and visit.Powered by Capital Market - Live

The value of the contract, according to L&T's internal classification, ranges between Rs 5,000 crore and Rs 10,000 crore. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform adapted from the South Korean self-propelled howitzer K9 Thunder, is co-developed by L&T and Hanwha Aerospace, to suit customised requirements of the Indian Army for operations in varied terrains, including deserts, plains and high-altitude regions. In 2017, L&T had won the contract for the first batch of 100 K9 Vajra-T platforms through a global competitive bidding and after successful field evaluation. The company delivered the Vajra Platforms ahead of schedule, thus demonstrating its capability to design, develop and manufacture such complex defence systems. These platforms have performed exceptionally well since induction. 'Like the first batch, the second batch of the K9 Vajra-T too will be manufactured at our Armoured Systems Complex at Hazira in Gujarat. The state-of-the-art manufacturing facility was dedicated to the nation by Honourable Prime Minister Shri Narendra Modi in Jan 2019 and it has since been playing a key role in developing and building armoured and artillery platforms in an integrated industrial ecosystem comprising of several MSME partners,' said Arun Ramchandani, Senior VP & Head ' L&T Precision Engineering & Systems. 'We are focused on helping build an Aatmanirbhar Bharat and making India's defence forces self-reliant with indigenously manufactured equipment,' he added. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The Ministry of Defence, Government of India, has awarded a major contract to Larsen & Toubro (L&T) for the supply of K9 Vajra-T Artillery Platforms to the Indian Army. According to the company's project classification, the 'major' order values between Rs 5,000 crore to Rs 10,000 crore. K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform adapted from the world's leading South Korean self-propelled howitzer K9 Thunder, is co-developed by L&T and Hanwha Aerospace, to suit customised requirements of the Indian Army for operations in varied terrains, including deserts, plains and high-altitude regions. In 2017, L&T had won the contract for the first batch of 100 K9 Vajra-T platforms through a global competitive bidding and after successful field evaluation. The Company delivered the Vajra Platforms ahead of schedule, thus demonstrating its capability to design, develop and manufacture such complex defence systems. These platforms have performed exceptionally well since induction. 'Like the first batch, the second batch of the K9 Vajra-T too will be manufactured at our Armoured Systems Complex at Hazira in Gujarat. The state-of-the-art manufacturing facility was dedicated to the nation by Honourable Prime Minister Shri Narendra Modi in Jan 2019 and it has since been playing a key role in developing and building armoured and artillery platforms in an integrated industrial ecosystem comprising of several MSME partners,' said Arun Ramchandani, Senior VP & Head - L&T Precision Engineering & Systems. Powered by Capital Market - Live

L&T-Cloudfiniti, the Data Centre business initiative of Larsen & Toubro, has onboarded its first major customer at the state-of-the-art hyperscale data centre located in Sriperumbudur near Chennai. Cloudfiniti's Sriperumbudur Data Centre has a built-in capacity of 30 MW, and of this, 12 MW colocation-ready capacity is live across two floors. The client, a leading cloud service provider has rented as much as 6 MW IT Load capacity, consisting of high-density racks spread over an entire floor, and a bulk bandwidth, thus marking it a major customer-win for Cloudfiniti at the very start. The contract tenure, which is 10 years, underscores the trust the client has posed on Cloudfiniti's high-tech capabilities, cutting-edge infrastructure, and the strategic location of the data centre.Powered by Capital Market - Live

The key equity benchmarks traded with limited losses in the afternoon trade. The Nifty slipped below the 24,650 mark. FMCG, media and auto shares tumbled while consumer durable, financial services and realty shares advanced. At 13:25 IST, the barometer index, the S&P BSE Sensex, declined 96.63 points or 0.12% to 81,618.36. The Nifty 50 index lost 32.65 points or 0.13% to 24,645.15. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rallied 0.32% and the S&P BSE Small-Cap index rose 0.46%. The market breadth was positive. On the BSE, 2,354 shares rose and 1,639 shares fell. A total of 117 shares were unchanged. Gainers& Losers: Larsen & Toubro (up 2.11%), SBI Life Insurance Company (up 1.94%), Adani Ports & Special Economic Zone (up 1.19%), HDFC Bank (up 1.18%) and Kotak Mahindra Bank (up 0.99%) were major Nifty gainers. Tata Consumer Products (down 4.20%), Hindustan Unilever (HUL) (down 3.25%), Nestle India (down 1.96%), Britannia Industries (down 1.60%) and Tata Motors (down 1.39%) were major Nifty losers. Stocks in Spotlight: CEAT soared 10.35% after RPG group company has entered into definitive agreement with associate companies of the Michelin Group (Michelin) to acquire Camso brand's Off-Highway construction equipment tyre and tracks business. Biocon fell 2.95% after the company has announced that it has received the establishment inspection report (EIR) from the U.S. Food and Drug Administration (USFDA) for its active pharmaceutical ingredient (API) facility located at Jigani Link Road, Bengaluru, Karnataka. Everest Organics spurted 19.97% after the company announced that its board of directors will meet on 10 December 2024 to consider and approve the proposal for fundraising. Godrej Consumer Products declined 8.99% after the company said that the standalone business is expected to report around flattish UVG (underlying volume growth) and around mid-single digit sales growth in this quarter. The surge in palm oil and derivatives prices to the extent of a y-o-y increase of 20-30% has impacted the soaps category, which represents around 1/3rd of the company's standalone business revenue. The company said that the weather conditions have not been supportive (delayed winters in North and cyclone in South India) to the Home Insecticides (HI) segment, contributing approximately 1/3rd of its standalone business. This has impacted HI category growths in the current quarter. Bajaj Healthcare rallied 5.18% after the company's Active Pharmaceutical Ingredient (API) manufacturing site at Savli, Vadodara in Gujarat received approval from Therapeutic Goods Administration (TGA), Australia. Global Market: European market advanced while most Asian stocks slipped on Monday, as investors grappled with South Korea's political turmoil and awaited fresh stimulus measures from China. Oil prices remained steady following the dramatic fall of the Syrian government. China's consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Investors are gearing up for a pivotal week, marked by a flurry of central bank decisions across four continents, a crucial meeting of Chinese officials, and the release of key US inflation data. This flurry of economic events will shape investment strategies for the remainder of 2024 and set the stage for 2025. Last Friday, US indices hit record highs on Friday, where technology stocks continued to push higher as stronger-than-expected nonfarm payrolls data did little to deter bets on a December rate cut. Markets were also seeking more cues on what President-elect Donald Trump's policies will entail for the U.S. in the coming years. The S&P 500 rose 0.3% to 6,090.27 points on Friday, while the NASDAQ Composite rose 0.8% to 19,859.77 points, with both indexes eking out record highs. The Dow Jones Industrial Average lagged, falling 0.3% to 44,642.52 points. Nonfarm payrolls increased by 227,000 jobs last month, above the expected 202,000, after rising an upwardly revised 36,000 in October as the labor market reeled from Hurricanes Helene and Milton as well as a big strike at Boeing factories in the West Coast. Investors were waiting to see what a major regime change in Syria will entail for geopolitics in the Middle East, after rebel forces ousted President Bashar al-Assad and took control of Damascus, ending 13 years of civil war. Media reports said al-Assad had landed in Moscow, while Israeli forces had entered Syria. US investors are eagerly awaiting the release of consumer price index inflation data on Wednesday. This key economic indicator will provide further insights into the health of the US economy and the future trajectory of interest rates.Powered by Capital Market - Live

Larsen & Toubro has issued and allotted 1,50,000 7.19% Rated, Listed, Unsecured, Redeemable, Non Convertible Debentures of Rs. 1 lakh each aggregating to Rs. 1,500 crore on 05 December 2024. Powered by Capital Market - Live