L&T Technology Services Wins $50 Million Avionics Contract

L&T Technology Services Limited, an established global pure-play Engg R&D services company, on Thursday announced that the company has won a pointer project worth USD 50 million spanning over 5-years from the global aerospace electronic systems manufacturer.

The project with L&T Technology Services will result in transformation of the customer's operations into a managed services model. The new deal also complements the impetus achieved by the company in the areas of electric vehicles, autonomous cars, infotainment and embedded devices to name a select few.

Shares of L&T Technology Services Ltd today opened at 1026.25 and was trading marginally down at 992 by 0.54% on NSE, post lunch hours, Thursday.

L&T Construction bags orders worth Rs 1,310 crore:

Larsen & Toubro Limited (L&T), one of the largest and most reputed engineering companies in India, on Monday said, its construction arm L&T Construction has obtained orders worth Rs 1,310 cr, across various business segments.

The total order consist of Rs. 631 crore for the Water & Effluent Treatment biz, order for Power Transmission & Distribution biz  worth Rs 339 crore and for Buildings & Factories biz  worth Rs 340 crore, totaling 1310 crore.

The company has also bagged an order from BESCOM (Bangalore Electricity Supply Company) to convert the overhead conductor sys to an underground cabling sys to achieve reliable and un-interrupted power supply with enhanced voltage profile, in a sub-division of Bengaluru Metropolitan Area Zone.

Shares of Larsen & Toubro Limited were trading up by 0.03% at 1,329.60 on NSE post lunch hours, today.

L&T commissions 360 MW Bheramara Cycle Power Plant in Bangladesh

Larsen & Toubro Limited (L&T) said that it has successfully commissioned and handed over the 360 MW state-of-the-art Bheramara Combined Cycle Power Plant Project to North West Power Generation Company Limited (NWPGCL), the wholly  owned subsidiary of Bangladesh Power Development Board, on Jan 5, 2018.

Larsen & Toubro Limited is India's largest engineering & Construction Company generating 48 percent revenue from infrastructure in FY17.  The company generated 34 percent revenue from international markets in the fiscal 2017.  The company’s order book was Rs. 2.57 lakh crore as of the second quarter FY2018.

Shares of Larsen & Toubro Limited is currently trading at Rs. 1,332.40, down by Rs. 5.85 or 0.44% on the NSE, at 15:00 hours of trade.