In Kerala, construction of Kannur International Airport will begin within two weeks as the tender for the construction was awarded to Larsen & Toubro on November 7. The airport is the second public/private partnership airport to be developed and will be 49 per cent funded by private individuals and organisations.
Tag: Larsen & Toubro
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Two UMPPs to bring Rs 24,000 cr orders to firms
Upcoming ultra mega power projects (UMPPs) in the country have become a hope for orders of capital goods companies at a time when the order inflows have dried up. Now companies like Larsen & Toubro and Thermax are eyeing orders worth around Rs 24,000 crore from a two mega power projects in Orissa and Tamil Nadu.
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L&Ts Kattupalli container terminal to start from Sept 19
The Larsen & Toubro's container terminal project constructed at a cost of Rs 2,000 crore at Kattupalli, near Chennai, is to go on commercial stream from September. The project has been delayed nearly for two years. It is expected that the new terminal will take away major chunk of container traffic from the Chennai port.
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L&T bags Rs 1,500 cr EPC contract from Oman firm
Larsen & Toubro has bagged an EPC (engineering, procurement and construction) contract worth Rs 1,500 crore from the Petroleum Development Oman LLC (PDO). The project at the Yibal-Natih gas reservoir in Oman is scheduled to be completed in 39 months. Larsen & Toubro stated this on August 20 in a filing to the BSE. Yibal-Natih is a sweet gas reservoir with recoverable reserves estimated at 90 per cent.
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L&T may spin off hydrocarbon business
Larsen & Toubro Hydrocarbon Engineering (LTHEL), which is a wholly-owned subsidiary of Larsen & Toubro (L&T), may be spun off as a separate subsidiary. L&T is seeking shareholders' approval to spin off the subsidiary, which is engaged in designing, engineering, procurement and construction solutions on turnkey basis for oil and gas, petroleum refining, chemicals, petrochemicals and fertiliser sectors and pipelines, among othe
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L&T to raise Rs 2,500 cr for IDPL road portfolio
Engineering major Larsen & Toubro is exploring an option to raise between Rs 2,000 crore - Rs 2,500 crore by clubbing operational road projects of its infrastructure development arm L&T IDPL into a separate entity which could be listed overseas through a business trust model. This proposal was separately mooted by a European as well as a Japanese bank to the company. This new idea is based on the increasing popularity of the model amongst global financial investors who are scouting for high qual
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DFCCI awards Rs 67 bn corridor project to L&T consortium
Dedicated Freight Corridor Corporation of India (DFCCI) awarded a Rs 6,700 crore contract, the single largest rail contract so far in the country, to a consortium of L&T and Sojitz, a Japanese infrastructure major. The consortium is said to have received the letter of award for the project. According to the terms of the contract, the consortium is responsible for laying an 643 km of rail track between Rewari in Haryana and Palanpur in Guja
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Odisha govt rethinks leasing land for port project
Odisha government reportedly considers whether to postpone the handing over of land for the Rs 10,000-crore expansion of Dhamra port following reports of the promoters reducing their holding in the port venture. Earlier there were reports that Larsen and Toubro (L&T) and Tata Steel , which own 50 per cent each in Dhamra Port Co (DPCL), were planning to sell their entire stak
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L&T faces RS 3,000 cr order cut
Larsen & Toubro faces the prospect of cancellation of one of its biggest road building contracts worth almost Rs 3,000 crore as its client GMR Infrastructure has decided to terminate the toll road project for National Highways Authority of India (NHAI). GMR Infrastructure has pulled out of NHAI's biggest road project
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Container terminal at Katupalli Port to go on stream
The Rs 2,000-crore container terminal at Larsen & Toubro's (L&T) Katupalli port near Chennai is expected to go on stream soon. Tamil Nadu Chief Minister J Jayalalithaa planned to inaugurate the terminal, which has been ready for operation for over five months. The inauguration was dela