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The Latest Breaking News from LT

L&T says unit that houses drones to see threefold revenue growth over five years

Larsen and Toubro is optimistic about its drone division, projecting that revenues will triple within five years. To support this growth, the firm will bolster capital expenditure aimed at boosting production capacity in response to India’s expanding UAV market. The upcoming delivery of 100 Teer drones to the Indian Air…

The Economic Times

L&T bags major offshore orders worth Rs 5,000-10,000 crore from ONGC for pipeline replacement

Larsen & Toubro has secured significant offshore orders from ONGC. These orders are valued between five thousand and ten thousand crore rupees. The projects involve pipeline replacement and well head platforms off India's west coast. L&T Energy Hydrocarbon Offshore will execute these critical engineering projects. This reaffirms L&T's role in…

The Economic Times

Sensex rises 152 points, Nifty closes above 24,600 as market trims gains. What lies ahead?

Indian equity benchmarks Sensex and Nifty ended higher on Wednesday after the RBI MPC maintained interest rates and raised the FY27 GDP growth outlook. Despite early upswings, markets trimmed gains due to rising crude prices and West Asia tensions. Auto and realty stocks outperformed, while IT shares faced selling pressure.

The Economic Times

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Why is market rising today? Sensex jumps over 400 pts, Nifty above 24,600. 8 factors behind D-St rebound

The Indian stock market saw a rebound on Wednesday, with Sensex and Nifty 50 trading higher. Easing oil prices and strong foreign institutional investor buying boosted investor sentiment significantly. Bharti Airtel and IndiGo shares led the gains, while Titan experienced a slight decline. Broader markets also performed well, with midcap…

The Economic Times

L&T secures order from NTPC for 1,600 MW thermal power plant in Chhattisgarh

L&T Energy CarbonLite Solutions received a Limited Notice to Proceed from NTPC. This contract is for the main plant package of the 2x800 MW Lara Stage-III thermal power plant. The project involves constructing two ultra-supercritical generating units using advanced technology. L&T's scope includes design, manufacturing, and commissioning of key power…

The Economic Times

L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?

Larsen & Toubro (L&T) shares climbed after the company reported a 14% YoY rise in Q1 FY27 net profit to ₹4,123 crore. Revenue from operations grew 7% to ₹67,942 crore, with international business contributing 51% of total revenue. Following the strong earnings, brokerages maintained their 'Buy' ratings on the stock.

The Economic Times

L&T Q1 Results: Net profit rises 14% YoY to Rs 4,123 crore, revenue up 7%

L&T Q1 Results: Larsen & Toubro (L&T) on Tuesday reported a consolidated net profit of Rs 4,123 crore for the April-June quarter of the ongoing financial year 2027, marking nearly 14% year-on-year (YoY) rise from the Rs 3,617 crore net profit reported in the same period last year.

The Economic Times

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Stocks in news: CDSL, Adani Energy, L&T, Adani Total Gas, Emcure Pharma

Markets declined on Monday due to disappointing earnings and geopolitical worries. CDSL faced a Rs 1 crore penalty from Sebi for cybersecurity lapses. Several companies will announce their first quarter financial results today. Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. Larsen & Toubro secured multiple…

The Economic Times

L&T bags orders worth Rs 10,000–Rs 15,000 cr in metals and minerals business

Larsen & Toubro's Metals & Minerals business secured multiple mega orders. These contracts are from leading domestic public and private sector companies. One order involves an 18-MTPA iron ore handling plant in Chhattisgarh. Another project expands a steel plant in West Bengal significantly. L&T also won an EPC order for…

The Economic Times

Oberoi Realty sells luxury homes worth Rs 8,109 crore at its first project in Delhi-NCR

Oberoi Realty has launched its luxury housing project in Gurugram, achieving gross bookings of Rs 8,109 crore. The project, known as 'Three Sixty North,' located on the prestigious Golf Course Extension Road, has experienced exceptional demand, with 832 units sold in its initial phase. This extraordinary performance highlights the brand's…

The Economic Times

Market wrap: Sensex falls 372 points, Nifty closes below 23,950; Kotak Mahindra Bank drops 3%

Indian markets ended lower as Sensex and Nifty snapped a two-session winning streak, pressured by geopolitical tensions in the Middle East and broad-based selling. While pharma outperformed, auto stocks dragged. Analysts flagged near-term volatility but maintained a constructive outlook for Nifty above key support levels amid mixed global cues.

The Economic Times

Nifty headed to 24,500 next week, says Dharmesh Shah; these 2 stocks are top buys right now

Indian equity markets are poised for further gains, with Nifty eyeing 24,500, according to ICICI Direct's Dharmesh Shah. He highlights falling crude oil prices and rupee stability as key drivers. Bank Nifty has also shown strength, targeting 59,300. Shah recommends buying dips and identifies Mahindra & Mahindra and Larsen &…

The Economic Times

US notifies sale of support services for India's Apache helicopters, M777A2 howitzers

The US has formally approved a significant military support package for India, including sustainment services for its Apache attack helicopters and M777A2 Ultra-Light Howitzers. Valued at approximately USD 482.2 million, this deal aims to bolster India's defense capabilities and strengthen the strategic partnership between the two nations. The support will…

The Economic Times

IAF launches project to produce indigenous long-range kamikaze drones

The Indian Air Force is developing long-range kamikaze drones with Indian companies. This initiative aims to strengthen preparedness for future drone warfare. The project focuses on indigenous design, development, and manufacturing. The drones will operate at high altitudes and in all conditions. This move promotes self-reliance in defence production. The…

The Economic Times

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The Economic Times

India's light tank Zorawar may face delays of up to 2 years as Army demands enhanced protection

India's new light battle tank, Project Zorawar, faces a two-year induction delay. Developers are enhancing protection levels, a move that adds weight and technical hurdles. Originally planned for 2027 induction in high-altitude areas, the timeline is now extended. This tank, developed rapidly in response to Chinese deployments, aims for superior…

The Economic Times

L&T betting big on 'digital workers' to overcome manpower challenges inprojects: CFO R Shankar Raman

Larsen & Toubro is embracing automation and technology for construction growth. The company is using robots for tasks like welding and plastering. This shift aims to overcome labor shortages and improve site safety. L&T's extensive international experience, particularly in the Middle East, has prepared it for large-scale projects. The company…

The Economic Times

4,800 illegal immigrants sent to Bangladesh from Bengal's border districts, says Suvendu Adhikari

West Bengal Chief Minister Suvendu Adhikari stated that 4,800 illegal immigrants have been sent to Bangladesh. He also detailed efforts to secure the India-Bangladesh border and outlined new welfare initiatives for women and healthcare improvements. The government is also implementing the Ayushman Bharat scheme and plans to announce further benefits…

The Economic Times

Tamil Nadu signs Rs 18,600 crore MoU with Larsen & Toubro for data centre, shipbuilding projects

Tamil Nadu Chief Minister V Joseph Vijay witnessed a significant MoU signing. Larsen & Toubro Limited will invest Rs 18,600 crore in three major projects. These projects will boost data centres, electronics manufacturing, and shipbuilding. Around 8,200 jobs will be created. This marks a key step towards Tamil Nadu's economic…

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The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times

KEC International bags orders worth Rs 1,300 cr in India, overseas

KEC International has secured new orders totaling Rs 1,303 crore. These orders span across its transmission and distribution, civil, renewable, and cables and conductors businesses. The company received projects in India and international markets. These wins are expected to drive KEC International's future growth. The RPG Group company is a…

The Economic Times

L&T wins orders from JSW Utkal Steel, IWAI, others

Larsen & Toubro has won several new contracts in India. These include piling work for JSW Utkal Steel in Paradeep, Odisha. L&T GeoStructure will also build ship repair facilities in Patna and Varanasi for the Inland Waterways Authority of India. Additionally, a yacht marina project at Mumbai Harbour has been…

The Economic Times

Corporate India gets a call of duty and it's raring to go

In a dynamic shift, India's defence industry is witnessing a groundbreaking transformation where private corporations are spearheading pivotal projects like the creation of cutting-edge fighter jets. This transition from a state-controlled realm to vibrant private sector involvement is set to unleash a wave of innovation and operational efficiency. Meanwhile, emerging…

The Economic Times

Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover

Man Industries (India) Ltd has completed the acquisition of a 100% stake in Saudi Arabia’s National Pipe Company for about USD 102 million (₹981 crore) through its subsidiary MISIC. The deal strengthens its international expansion in the pipe manufacturing sector and expands its presence in the Middle East.

The Economic Times

L&T opens India's largest skill training institute in PM Modi's hometown Vadnagar

India's largest skill training institute, established by Larsen & Toubro (L&T), was inaugurated in Prime Minister Narendra Modi's hometown of Vadnagar on Thursday.

The Economic Times

Last date to buy L&T, 10 other stocks for dividends. Do you own any?

Investors have a final chance today, May 21, to purchase shares of Larsen & Toubro and ten other companies to qualify for upcoming dividend payments. These stocks will turn ex-record date tomorrow, May 22. Companies like L&T, Havells India, and Sula Vineyards are among those offering dividends. Shareholders must own…

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