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
Tag: L&T
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Adanis may buy Dhamra Port from Tata, L&T
To expand its presence in the country's east coast, India's biggest port operator Adani Ports is said to have clinched a deal to acquire Dhamra Port, an equal joint venture between Tatas and L&T. The deal is stated to be around Rs 5,000 crore. Sources concerned said that the deal has almost completed as the talks between Adanis and Tata Steel and Larsen & Toubro have reached to the stage of signing it formally.
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L&T to go for Rs 1,000-cr ECB deal for Hyderabad Metro
For the Hyderabad metro rail project, L&T is close to striking a Rs 1,000-crore external commercial borrowing (ECB) deal with India Infrastructure Finance Co (IIFCL).
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L&T bags 3,057 cr orders
For the construction of an office space, residential building and a hospital from customers across the country L&T's building & factories division has bagged orders worth Rs 1,808 crore. In the water & renewable energy business segment, it has bagged various orders worth Rs 628 crore.
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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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State govt must rectify error on metro project
In order to implement the Hyderabad metro rail project successfully, the Andhra Pradesh government will have to rectify the technical error in terms of the Act governing the project. Earlier the Andhra Pradesh High Court said in its order that the project was being wrongly governed by the Tramways Act and unless it is changed to Metro Act it could not be called 'Metro
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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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AP govt takes steps for right of way to metro project
Andhra Pradesh government is taking efforts to give right of way for the elevated Hyderabad Metro Rail project being executed by Larsen and Toubro. The state government is taking steps to shift utilities such as water lines, sewer lines, electrical overhead lines and underground cables, electrical poles, street lights, advertisement boards
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Hyd Metro’s non-ticket revenues to contribute 50%
Hyderabad's 72-km Metro Rail project is based on a revenue model of 50 per cent from passenger fares, 45 per cent from property development and 5 per cent from advertisement and other miscellaneous sources. The Rs 14,132-crore project, being implemented under the public, private partnership mode by concessionaire L&T, has a viability gap funding from the Central Government to the tune of Rs 1,458 crore while the remaining Rs 12,674 crore is being raised by L&T, which has already achieved financi
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Ennore port wants to raise capacity utilisation
MA Bhaskarachar, the new Chairman of Ennore Port wants to improve the utilization of various berths and increase the portÂ’s capacity to handle cargoes other than coal. By June this year, the entire port, including the approach channel and turning circle, will have a draft of 18 m