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As On 28-Sep-2021 EOD, Market Closed
SENSEX
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  • L&T's construction arm bags significant orders

    L&T Construction, the construction arm of Larsen & Toubro (L&T), has won a slew of ‘significant' orders in India and abroad for its various businesses.



    The power transmission & distribution business has won an order to construct a 220kV transmission line associated with system strengthening in the Ladakh region. The design and execution of this system involves traversing avalanche prone, hilly terrains and ice loading of conductors.

    Another turnkey order has been received for urban power distribution in Ayodhya city under the Integrated Power Development Scheme.

    In Dubai city, an order to design, supply, construct, install, test, and commission a 132/11kV substation with associated cable works has been received.

    Additionally, two transmission line packages have been secured in Africa.

    A package involving supply and construction of a new gas insulated substation and associated substation extensions has been won in Thailand. These works will enhance the transmission system security and support the rising demand for electricity in the upper northern parts of the country.

    The factories business has secured a prestigious order from a leading cement manufacturer in India to construct a 1.8 MTPA grinding unit in Dolvi, Maharashtra. The scope involves civil, mechanical and equipment installation works.

    According to the company's classification, the value of the significant contracts lies between Rs 1,000 to 2,500 crore.

    L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 30 countries worldwide.

    L&T reported 3.5% rise in consolidated net profit to Rs 3,536.19 crore on 8.7% increase in net sales to Rs 48,087.90 crore in Q4 FY21 over Q4 FY20.

    The scrip shed 0.31% to currently trade at Rs 1614 on the BSE.

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Flash News 28-Sep-2021
  •  ( 15:56) ICRA upgrades ratings of Indian Metals & Ferro Alloys; revises outlook to 'positive'  
  •  ( 15:36) Sensex, Nifty end volatile trading session with losses  
  •  ( 13:33) European markets edged lower  
  •  ( 13:31) Nifty below 17,650  
  •  ( 12:48) Websol Energy System's solar module gets MNRE approval  
  •  ( 12:26) BHEL bags order from Goa Shipyard for supplying SRGM  
  •  ( 11:37) Asian markets trade lower  
  •  ( 11:05) Anupam Rasayan inks LoI worth Rs 145 crore with European Multinational  
  •  ( 10:45) Man Infraconstruction board to mull bonus issue, interim dividend on Oct. 4  
  •  ( 10:26) Nifty hovers below 17,850; breadth positive  
  •  ( 10:26) NTPC wins 1.9 GW in the auction of CPSU Scheme-II of 5 GW  
  •  ( 10:00) CBIC proposes anti-dumping duty for caprolactam  
  •  ( 09:31) Raymond to rejig biz to create value for shareholders  
  •  ( 09:25) Sensex, Nifty pare early gains  
  •  ( 08:38) HDFC to raise up to Rs 6000 crore via NCD issue  
  •  ( 08:17) Most Asian stocks trading lower  
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28 September 2021 00:00
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