Larsen & Toubro (L&T) said that L&T Construction’s water and effluent treatment unit has won repeat orders from the Madhya Pradesh government to execute a couple of lift irrigation projects on a turnkey basis. The projects involve the irrigation of 2,05,000 hectares of culturable command area spread over 500 plus villages of Dewas and Dhar […]
Larsen & Toubro (L&T) said that L&T Construction’s power transmission and distribution unit has won multiple engineering, procurement, and construction (EPC) orders in India and abroad. The Indian conglomerate didn’t disclose the exact value of the contracts but indicated them to be in the range of INR 1,000 crores to 2,500 crores. Larsen & Toubro […]
Larsen & Toubro (L&T) said that it has signed a deal to sell its entire stake of 51% in L&T Infrastructure Development Projects Limited (L&T IDPL) to a portfolio company of Infrastructure Yield Plus II, for a price of around INR 2,723 crores. The sale aligns with Larsen & Toubro’s strategy of lessening its exposure […]
Larsen & Toubro (L&T) and Canada Pension Plan Investment Board (CPP Investments) have agreed to sell L&T Infrastructure Development Projects Limited (L&T IDPL) to Infrastructure Yield Strategy, a platform backed by Edelweiss Alternatives. The consideration for the deal is around INR 6,000 crores. The portfolio of L&T Infrastructure Development Projects includes eight roads and a […]
Larsen & Toubro (L&T) said that its hydrocarbon business — L&T Energy Hydrocarbon (LTEH) has won two orders for its asset management and AdVENT business verticals, worth in the range of INR 1,000-2,500 crores. According to the Indian conglomerate, its new business unit for operations and maintenance (O&M) and related services — Larsen & Toubro […]
Indian conglomerate Larsen & Toubro (L&T) has secured a three-year sustainability-linked loan of $107 million from Sumitomo Mitsui Banking Corporation (SMBC) to help achieve its environmental, social, and governance (ESG) goals. The Japanese banking group has been appointed by Larsen & Toubro as the sole sustainability coordinator and lender. Toshitake Funaki — Sumitomo Mitsui Banking […]
Larsen & Toubro Limited (L&T) said that its hydrocarbon business — L&T Energy Hydrocarbon (LTEH) has bagged a couple of offshore orders worth in the range of INR 1,000 to 2,500 crores. L&T Energy Hydrocarbon has won a contract for decommissioning of offshore facilities in India from British Gas Exploration and Production India Limited (BGEPL), […]
India’s Larsen & Toubro (L&T) has supplied 46 process and piperack modules to Linde Engineering, Singapore, for a gasification facility, which will produce hydrogen and synthesis gas. Weighing 34,000 metric tons, modules were fabricated by Larsen & Toubro at its modular fabrication facility at Kattupalli, Chennai. Subramanian Sarma — Larsen & Toubro Whole-Time Director and […]
LTIMindtree has opened a new digital experience centre in Hyderabad, thereby further growing its operations in the Telangana capital. According to LTIMindtree, the new, 100,000 sq. ft. centre is capable of accommodating over 1,000 professionals. It is designed to serve as a modern agile workplace to offer a collaborative working experience. Furthermore, the digital experience […]
Larsen & Toubro Infotech and Mindtree, technology consulting and digital solutions companies under the Larsen & Toubro Group, will now operate as a merged entity called LTIMindtree with effect from 14 November 2022. The merger of the two independently listed companies as LTIMindtree follows the approval of both Mumbai and Bengaluru Benches of the National […]