Larsen and Toubro Ltd

Larsen & Toubro announced that CRISIL ESG Ratings & Analytics Limited (CRISIL) has on 16 April 2025, assigned an ESG rating of 'CRISIL ESG 63' under the category 'Strong'.Powered by Capital Market - Live

Larsen and b) Parthasarathi Chatterjee Powered by Capital Market - Live

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won new orders in India and abroad. According to the company's project classification, the value of these orders ranges between Rs 2,500 crore to Rs 5,000 crore. It has won an order for setting up a 765kV Gas Insulated Substation (GIS) in western India and another order for the turnkey construction of a transmission line associated with evacuation of power in the same region. In Saudi Arabia, the vertical has received orders for setting up two 380kV overhead lines. The combined length of these transmission lines exceeds 130 route kilometer and are meant for ensuring reliable power supply to the key townships around Riyadh. These apart, PT&D has also received turnkey orders for construction, supply, installation, testing and commissioning of two 132/11kV GIS in the UAE and for a 132kV GIS in Qatar. Further to this, additional orders have been received in ongoing projects in India and Oman. These orders indicate the continued momentum in investments related to efficient grid infrastructure in India and abroad, and underscore customer confidence in L&T's capabilities. Powered by Capital Market - Live

The value of the contract, according to L&T's internal classification, ranges between Rs 2,500 crore and Rs 5,000 crore. In India, the company has won an order for the setting up of a 765kV Gas Insulated Substation (GIS) in western India, along with a turnkey contract for the construction of a transmission line to facilitate power evacuation in the same region. In Saudi Arabia, L&T's PT&D vertical has been awarded orders to set up two 380kV overhead transmission lines, spanning over 130 route kilometers. These lines are designed to ensure a reliable power supply to key townships around Riyadh. Additionally, the PT&D division has secured turnkey orders for the construction, supply, installation, testing, and commissioning of two 132/11kV GIS in the UAE and a 132kV GIS in Qatar. Further orders have also been received for ongoing projects in India and Oman. The company stated that these orders indicate the continued momentum in investments related to efficient grid infrastructure in India and abroad and underscore customer confidence in L&T's capabilities. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. 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. Larsen & Toubro reported a 13.96% increase in consolidated net profit to Rs 3,358.84 crore in Q3 FY25 compared with Rs 2,947.36 crore in Q3 FY24. Revenue from operations jumped 17.31% YoY to Rs 64,667.78 crore in Q3 FY25. The counter slipped 1.34% to Rs 3,444.05 on the BSE. Powered by Capital Market - Live

As per Larsen & Toubro's (L&T) classification, the value of the 'Ultra Mega' project is more than Rs 15,000 crore. The scope of work includes the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes. Each complex will consist of large offshore platforms with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures. These will be located approximately 80 km off the northeast coast of Qatar. S N Subrahmanyan, chairman & managing director of L&T, commented, 'Securing QatarEnergy LNG's Ultra Mega Offshore Contract'the largest single order in our history'is a landmark achievement. This prestigious project strengthens our global energy portfolio while supporting Qatar's energy security objectives. Subramanian Sarma, deputy managing director & president at L&T, said, 'The award of a project of such nature is a reflection of the confidence & trust placed by QatarEnergy LNG in L&T's expertise and its ability to deliver such large-scale projects, for which L&T is very thankful. This collaboration not only strengthens our partnership but also reaffirms L&T's commitment to supporting Qatar's strategic energy objectives through innovative and reliable solutions.' Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. 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. Larsen & Toubro reported a 13.96% increase in consolidated net profit to Rs 3,358.84 crore in Q3 FY25 compared with Rs 2,947.36 crore in Q3 FY24. Revenue from operations jumped 17.31% YoY to Rs 64,667.78 crore in Q3 FY25. Shares of Larsen & Toubro (L&T) rose 0.44% to Rs 3,484.90 on the BSE.Powered by Capital Market - Live

Partnerships have been established with Hanooman AI, CoRover, and Pidima. The collaborations will focus on groundbreaking developments in healthcare, life sciences, vertical AI, and conversational technologies in India and globally. By harnessing cutting-edge AI models, the aim is to transform key industries and drive digital innovation across multiple sectors. Commenting on the development, Seema Ambastha, Chief Executive, L&T-Cloudfiniti, said, 'These collaborations reflect our commitment to driving AI adoption across industries, from healthcare to aerospace, by partnering with the brightest minds and the most innovative companies in the AI landscape. The collective expertise and disruptive technologies from these startups will play a crucial role in shaping the future of AI and will enable L&T-Cloudfiniti to provide cutting-edge solutions that deliver tangible business outcomes for clients globally.' Vishnuvardhan Pogunulu Srinivasulu, CEO and Founder, Hanooman AI, commented, 'Partnering with L&T-Cloudfiniti, Hanooman AI pioneers generative healthcare solutions that are solutionsscalable, secure, and globally compliant. With Cipher Al, we're reimagining care for Bharat, making it accessible while advancing precision medicine for the world, sparking a revolution in global health outcomes. From reversing diabetes to discovering new drugs to deciphering genomics, the future of healthcare is intelligent, inclusive, and here.' Ankush Sabharwal, Founder & CEO, CoRover AI, added, 'Our collaboration with L&TCloudfiniti allows us to rapidly scale our conversational AI solutions on secure, high-performance GPU infrastructure, reaching global enterprises effectively. Together, we aim to redefine customer interactions, drive operational excellence, and deliver exceptional business value.' John Marcus, Founder & CEO of Pidima AI, shared, 'We are thrilled to partner with L&TCloudfiniti, a company that shares our vision of transforming enterprise efficiency through AI. This collaboration not only strengthens our presence in India but also accelerates our mission to empower mission-critical enterprises with smarter, faster, and more precise solutions.' Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. 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. Larsen & Toubro reported a 13.96% increase in consolidated net profit to Rs 3,358.84 crore in Q3 FY25 compared with Rs 2,947.36 crore in Q3 FY24. Revenue from operations jumped 17.31% YoY to Rs 64,667.78 crore in Q3 FY25. Shares of Larsen & Toubro (L&T) shed 0.46% to Rs 3,465.20 on the BSE.Powered by Capital Market - Live

L&T-Cloudfiniti, a division of Larsen & Tourbo, announced new strategic partnerships with three leading AI startups, including one based in Europe. The collaborations will focus on groundbreaking developments in healthcare, life sciences, vertical AI, and conversational technologies in India and across the globe by harnessing cutting-edge AI models to transform key industries and drive digital innovation in multiple sectors. The three partnerships that L&T-Cloudfiniti has got into are: Hanooman AI (Healthcare & Life Sciences): L&T-Cloudfiniti has partnered with Hanooman AI, a pioneering AI startup in the healthcare and life sciences space. This partnership will leverage Hanooman's advanced AI-powered tools to accelerate healthcare transformation in India. By integrating AI-driven insights into healthcare practices, Hanooman is poised to improve patient outcomes, optimise treatment pathways, and advance medical research in life sciences. CoRover (Conversational & Attentive AI): L&T-Cloudfiniti has also teamed up with CoRover, an AI-driven startup focussed on creating conversational AI and foundational models (like BharatGPT). CoRover's innovative solutions offer the ability to enhance user experiences with more natural, human-like conversations across various sectors, including customer service, education, and more. With this collaboration, L&T-Cloudfiniti aims to bring real time, personalised communication and AI-enabled attentiveness to the forefront of businesses in India. Pidima AI (Agentic AI for Regulated Industries): The third partnership is with Pidima, a UK based startup revolutionising mission-critical industries with its Agentic AI platform. By automating test specification and compliance documentation, Pidima delivers 10x faster outcomes, reduces costs by millions, and elevates efficiency to extraordinary heights. Pidima's solutions are designed for regulated sectors such as healthcare, MedTech, automotive, and aerospace, where precision and compliance are non-negotiable. The collaboration will significantly enhance L&T-Cloudfiniti's AI offerings in these critical domains, paving the way for smarter, more efficient, and highly compliant operations. Commenting on the development, Seema Ambastha, Chief Executive, L&T-Cloudfiniti, said: 'These collaborations reflect our commitment to driving AI adoption across industries, from healthcare to aerospace, by partnering with the brightest minds and the most innovative companies in the AI landscape. The collective expertise and disruptive technologies from these startups will play a crucial role in shaping the future of AI and will enable L&T-Cloudfiniti to provide cutting-edge solutions that deliver tangible business outcomes for clients globally.'Powered by Capital Market - Live

L&T Energy Green Tech (LTEGL) and John Cockerill signed a Memorandum of Understanding (MoU) to explore various technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES). LTEGL, a wholly owned subsidiary of L&T, is dedicated to sustainable energy solutions, including Green Hydrogen, its derivatives, and Electrolyser Manufacturing. Centered on its three core business pillars ' Development, Manufacturing, and EPC ' LTEGL offers integrated solutions across the Green Energy value chain through advanced technology, strategic partnerships and dedicated R&D. With the strength of more than 200 years of experience in energy and industry, John Cockerill is developing innovative technological solutions which contribute to the energy transition, whether by developing new electricity production capacities from renewable sources, storing green electricity or optimising the electricity output of electric power plants and industrial installations. The Group adapts its technologies and expertise ' heat recovery steam generators, receivers for concentrated solar power plants, integrated units for the production, storage and management of green electricity, industrial boilers, Hamon cooling systems ' to the specific needs of its clients in the industrial and energy domains. The MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply and engineering solutions critical to the successful implementation and deployment of CSP and TES projects. Powered by Capital Market - Live

The key equity benchmarks ended with substantial gains on Monday, rising for the sixth consecutive trading session, driven by strong foreign fund inflows that boosted market sentiment and investor confidence. Trading could remain volatile this week, with a slew of economic data expected from overseas region. The Nifty ended above the 23,650 mark. As per the provisional closing, the barometer index, the S&P BSE Sensex, surged 1,078.87 points, or 1.40%, to 77,984.38. The Nifty 50 index rallied 307.95 points, or 1.32%, to 23,658.35. In the past six trading sessions, the Sensex and the Nifty jumped 5.63% and 5.63%, respectively. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.14%, and the S&P BSE Small-Cap index jumped 2.05%. The market breadth was strong. On the BSE, 2,829 shares rose and 1,210 shares fell. A total of 123 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.21% to 12.58. Economy: India's private sector economy ended the 2024/25 fiscal year on a strong footing, sustaining robust expansions in new business intakes and output, according to preliminary HSBC flash PMI data. Although the rates of growth softened from February, they remained well above their respective long-run averages. Outstanding business volumes continued to rise, supporting another round of job creation, while price trends were mixed. The HSBC Flash India Composite Output Index marginally decreased from February's final reading of 58.8 to 58.6 in March. The latest figure was still above its long-run average of 54.7, indicating a sharp rate of expansion. The HSBC Flash India Manufacturing PMI increased from 56.3 in February to 57.6 in March, signaling a notable improvement in operating conditions that was broadly aligned with the average for the 2024/25 fiscal year. Buzzing Index: The Nifty Private Bank index added 2.42% to 25,842.85. The index rallied 7.88% in six consecutive trading sessions. Kotak Mahindra Bank (up 4.67%), Federal Bank (up 4.29%), RBL Bank (up 4.05%), IDFC First Bank (up 2.84%), Axis Bank (up 2.7%), HDFC Bank (up 1.67%), ICICI Bank (up 1.47%) and Bandhan Bank (up 1.41%) advanced. Stocks in Spotlight: Larsen & Toubro (L&T) rose 1.87% after the firm said that Subramanian Sarma will be elevated from whole-time director & president, Energy to deputy managing director (MD) & president of the company with effect from 2nd April 2025. Meanwhile, the company's subsidiary, L&T Energy Green Tech and John Cockerill signed a memorandum of understanding (MoU) to explore various technologies in concentrated solar power (CSP) and thermal energy storage (TES). Godrej Properties (GPL) added 2.41% after the company announced the acquisition of approximately 10 acres of land in Yelahanka, Bengaluru, for a new development project with an estimated revenue potential of Rs 2,500 crore. J Kumar Infraprojects advanced 3.22% after the company received a letter of acceptance (LoA) worth Rs 1,020 crore from City and Industrial Development Corporation of Maharashtra (CIDCO) for a construction project in Navi Mumbai. Power Mech Projects surged 16.43% after the company announced that it had received an order worth Rs 579 crore from Bharat Heavy Electricals (BHEL) for the 2x800 MW Damodar Valley Corporation (DVC) Koderma TPS Phase-II in Jharkhand. RailTel Corporation of India jumped 5.83% after the company announced that it had received a work order worth Rs 25.15 crore from Hindustan Petroleum Corporation (HPCL). NCC gained 1.50% after the company announced that it has received a Letter of Acceptance (LoA) worth Rs 1,480.34 crore from the Bihar Medical Services & Infrastructure Corporation. Global Markets: US Dow Jones index futures rose 306 points, signaling a strong opening for US stocks today. Media reports suggest that President Donald Trump's April 2 tariffs will be narrower and less stringent than initially feared, easing concerns about their economic impact. European shares advanced on Monday as investors will be keeping an eye on preliminary purchasing managers' index data from the U.K., France, Germany and the euro zone to get a gauge of business activity in the region's manufacturing and services sectors. Asian stocks ended mixed on Monday as investors braced for Trump's looming April 2 tariff deadline. In Japan, business activity shrank for the first time in five months. The au Jibun Bank Manufacturing PMI fell to 48.3 in March, down from 49.0 in February, marking its ninth consecutive month of contraction. Meanwhile, the Services PMI dropped to 49.5 from 53.7, the first decline since mid-2024. A PMI reading below 50 indicates contraction. Meanwhile, Chinese Premier Li Qiang warned of 'rising instability' and urged nations to open up their markets. On Friday, US market closed higher as Trump hinted at flexibility on tariffs, although he reaffirmed the April 2 deadline for reciprocal duties. The S&P 500 rose 0.08% to 5,667.56 points, while the NASDAQ Composite rose 0.52% to 17,784.05 points. The Dow Jones Industrial Average rose 0.08% to 41,985.35 points. Nike stock slipped over 5% after the fiscal fourth-quarter revenue estimate came in below analysts' expectations. While stocks have rebounded from oversold levels, investors remain cautious. Until there is clarity on the tariff situation'expected by April 2'the market's upside potential will likely remain limited.Powered by Capital Market - Live

The MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply, and engineering solutions that are critical to the successful implementation and deployment of concentrated solar power (CSP) and thermal energy storage (TES) projects. LTEGL, a wholly owned subsidiary of L&T, is dedicated to sustainable energy solutions, including green hydrogen, its derivatives, and electrolyzer manufacturing. Centered on its three core business pillars ' development, manufacturing, and EPC'LTEGL offers integrated solutions across the green energy value chain through advanced technology, strategic partnerships, and dedicated R&D. Subramanian Sarma, Whole-Time Director & President (Energy), L&T, said, 'L&T remains committed to accelerating the adoption of next-generation green energy technologies. Ensuring round-the-clock availability of renewable power is crucial for driving the global energy transition. Our collaboration with John Cockerill marks a significant step in this direction, combining L&T's end-to-end expertise in manufacturing, EPC, and services with John Cockerill's global leadership in energy.' Thomas Bohner, CEO of John Cockerill Energy, commented, 'We are extremely happy to partner with LTEGL in exploring and leveraging opportunities to make India's manufacturing sector sustainable and efficient. Our CSP and TES technologies are leading the way for renewable and dispatchable power and heat projects, from small to large scale, on- and off-grid, on a worldwide basis. With our expertise and references, including five state-of-the-art solar thermal receivers for concentrating solar power plants in the United Arab Emirates, China, Chile, and South Africa, we are confident that this partnership with LTEGL will enable us to deliver these offerings to companies in India that are actively pursuing low-carbon energy solutions. Derek Shah, Senior Vice President & Head, L&T Energy - Green Manufacturing & Development, said, 'Partnering with John Cockerill and leveraging its expertise in CSP and TES technology allows us to integrate advanced energy storage solutions with our robust engineering and manufacturing capabilities. By leveraging these synergies, we aim to accelerate the deployment of green RTC power generation, driving the shift towards a greener, more sustainable energy future.' Vivek Bhide, Regional President and Group Transformation Officer, John Cockerill, added, 'Indian businesses are increasingly partnering with the government in supporting its move towards sustainable energy adoption and net-zero commitments. Our CSP and TES technology will aid this transition and deliver reliable and sustainable energy solutions to Indian businesses. We are grateful for LTEGL's partnership and look forward to collaborating with them in bringing this world-class technology to India.' Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. 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. Larsen & Toubro reported a 13.96% increase in consolidated net profit to Rs 3,358.84 crore in Q3 FY25 compared with Rs 2,947.36 crore in Q3 FY24. Revenue from operations jumped 17.31% YoY to Rs 64,667.78 crore in Q3 FY25.Powered by Capital Market - Live