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Celebrating technology and togetherness

Celebrating technology and togetherness

The three-day flagship techno-managerial festival of NIT Trichy, Pragyan, was formally declared open on February 25, 2016. Keerthi Vasan, Chairman, Pragyan æ16 presented the Pragyan report.

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L and T and Marg Group consider exiting port trade

L and T and Marg Group consider exiting port trade

Larsen and Toubro (L and T) and Marg Group are looking at the possibilities of exiting their port business. These engineering, procurement and construction (EPC) firms bid aggressively for port projects hoping to benefit from a booming economy and fast-growing world trade. But with the slowdown hitting both global and local economies.

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L and T  power plant operational

L and T power plant operational

Larsen and Toubro (L and T) has begun commercial operations of its first 700 MW unit of the 1,400 MW supercritical thermal power plant at Rajpura in Punjab. The plant was constructed on a turnkey basis by L and T Power, with more than 90 per cent of the equipment sourced from group companies of L and T. The supercritical boiler and turbine were manufactured by L and T´s joint venture companies with Mitsubishi Heavy Industries (MHI).

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L&T to raise funds for its infra unit

L&T to raise funds for its infra unit

To raise capital for its L&T Infrastructure Development Projects, the unit that builds roads, ports and other infrastructure, Larsen and Toubro (L&T), IndiaÂ’s biggest engineering company, is in talks with investors. The company is considering raising money from investors including sovereign and infrastructure funds by March.

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L&T to list 6 road projects on S’pore stock exchange

L&T to list 6 road projects on S’pore stock exchange

The Union government has permitted the construction major Larsen and Toubro to form a business trust in Singapore and list of its six toll road projects on the Singapore stock exchange that could raise up to $1 billion. The National Highways Authority of India board has approved the L&TÂ’s plans to set up the trust.

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Adani Ports may buy Dhamra port in Odisha

Adani Ports may buy Dhamra port in Odisha

In Odisha, Adani Ports and Special Economic Zone (APSEZ) has reportedly interested to buy Dhamra Port Co (DPCL), a venture of Larsen and Toubro and Tata Steel, early this year for about Rs 5,000 crore, say media reports quoting sources in the companies mentioned. APSEZ is set to buy Dhamra port after its operator secured environmental and coastal clearances for its second phase of expansion.

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