In the latest financial quarter ending December 31, 2023, Larsen & Toubro (L&T) showcased a robust performance, underlining the company’s operational resilience and strategic growth initiatives in a challenging global economic landscape. The Mumbai-based conglomerate reported a notable year-on-year growth in order inflow, revenue, and recurring profit after tax (PAT), emphasizing its competitive edge and […]
Indian multinational conglomerate Larsen & Toubro (L&T) and Spanish shipbuilding firm Navantia have signed a Teaming Agreement (TA) for the technocommercial bid on the Indian Navy’s significant P75 (India) submarine program. The agreement was signed in the presence of L&T CEO & MD S N Subrahmanyan, Naval Construction Vice President Augustin Alvarez Blanco, the Ambassador […]
Larsen & Toubro (L&T), an Indian multinational engaged in infrastructure, hi-tech manufacturing and services, has announced the establishment of the L&T Green Energy Council, a think-tank comprising eminent thought leaders. This move marks a significant step towards the development of a global green energy business. The primary responsibility of the L&T Green Energy Council is […]
L&T Technology Services, a pure-play engineering services company, will acquire the Smart World & Communication (SWC) business of Larsen & Toubro (L&T) for INR 800 crores. The transaction is part of L&T Technology Services’ 6 Big Bets strategy in 5G, sustainability and digital products and artificial intelligence. The acquisition is expected to help L&T Technology […]
Larsen & Toubro Group (L&T) will merge its two independently listed IT services companies — Mindtree and Larsen and Toubro lnfotech (LTI) to create a large-scale IT services player in India with annual revenue of over $3.5 billion. The boards of directors of the two Indian IT firms at their respective meetings gave their nod […]
Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with Microsoft India for developing a regulated sector-focused cloud offering to help customers with cloud computing and infrastructure services. The two parties, by keeping in mind the emerging regulations, expect to co-engage with a defined group of large customers in regulated sectors to build […]
Larsen & Toubro (L&T) said that its construction division — L&T Construction has bagged an order in the range of INR 2,500-5,000 crores to build Common Central Secretariat Integrated Buildings 1, 2, and 3 in New Delhi. The contract was given by the Central Public Works Department (CPWD) to LET- Construction’s buildings and factories business. […]
Mindtree, an Indian technology consultancy company, has signed a deal worth INR 198 crores with Larsen & Toubro (L&T) to acquire the latter’s NxT Digital Business, a cloud-based IoT and AI platform for Industry 4.0. Founded as a startup, NxT Digital Business, is said to have played a key role in extensive applications of IoT […]