At a recent meeting with L&T Chairman AM Naik and Tata GroupÂ’s new Chairman Cyrus Mistry, Adani Group Chairman Gautam Adani finalised the deal to acquire Dhamra Port Company (DPCL) in Odisha, reports suggest. During the meeting, the terms and conditions of the deal, which involves acquiring stakes of the construction major Larsen & Toubro (L&T) and Tata SteelÂ’s stakes in DPCL, was finalised
Tag: Larsen & Toubro
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L&T faces Rs 3k cr order cut as GMR drops road project
Larsen & Toubro faces the prospect of cancellation of one of its biggest road building contracts worth almost 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 being set up at a cost of 7,700 crore for the six-lane Udaipur-Kishangarh-Ahmedabad segment of the national highway, citing land acquisition, environmental clearance and toll notificat
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L&T arm secures Rs 6.4 bn contract
The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore
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L&T plans stake sale
Larsen & Toubro plans to sell stake in some of its port, road, power and metro rail projects to unlock shareholder value,
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Abu Dhabi Gas Ind-L&T deal
The Abu Dhabi Gas Industries signed an agreement with Larsen & Toubro for construction of a gas pipeline in the country.
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Private investments rising
Private sector's role in infrastructure is poised for significant growth in the 12th Five Year Plan, possibly accounting for about 35-40 per cent of projected investment of $1 trillion, said JP Nayak, President, Larsen & Toubro.
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More on Board
The Board of Directors of Larsen & Toubro announced that R Shankar Raman will be appointed Chief Financial Officer of the Company on 6 September 2011, and will subsequently be elevated to the Board on 1 October 2011.
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Dhamra's pvt rail line is R3i's first
The rail connectivity to Orissa's Dhamra port will be the first such connectivity project in the country under the Indian Railways' New Railways' Infrastructure for Industry Initiative (R3i).
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L&T bags GSECL project
Larsen & Toubro has secured an engineering, procurement and construction contract worth Rs 1,100 crore from Gujarat State Electricity Corporation.