L&T Tech enters into a multi-year partnership
The Dollar Business Bureau L&T Technology Services, a thriving arm of the engineering giant Larsen and Toubro, revealed to the media today that it has secured a multi-million dollar contract from a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products. "This strategic tie-up between the two companies will enable the customer to strengthen its product offering and capitalise on market opportunities with superior quality products," L&T Tech said in a BSE filing. "We have been awarded a multi-year partnership with one of the world's most respected technology companies. We will continue to provide cutting edge services and solutions to global customers," L&T Tech CEO & MD Keshab Panda said. L&T Technology Services Rs 900 crore ...
L& T Construction won orders worth Rs.2416 cr
The Dollar Business Bureau L&T Construction, a subsidiary of Indian multinational Larsen & Toubro Limited (L&T), has won orders worth Rs.2,416 crores across its several business divisions in the month of June this year. The building and factories division of L&T has bagged orders amounting to Rs.1,165 crores. This includes a contract from a major developer in Mumbai for a high-rise residential project, the company said in a statement. The project’s scope of work includes civil and structural jobs for constructing two residential towers, each tower having three basements, seven podiums, 66 floors and other related buildings. The business also won an order from a leading client in Kolkata, for constructing of a mixed use development (MUD), it said. The ...
L&T bags Qatar 2022 World Cup stadium contract
The Dollar Business Bureau Indian multi-national conglomerate, Larsen & Toubro (L&T) Ltd, has bagged a contract for building a stadium worth $135 million for 2022 World Cup in Qatar, said an official.This will be a shot-in-the arm to the company, which is going through a lean period in the Middle East due to low prices of oil. “As part of a joint venture with Qatar-based Al Balagh Trading & Contracting, L&T will build the Al Rayyan stadium having 40,000-seating capacity,” an official in Qatari government disclosed to Reuters.The Supreme Committee for Delivery and Legacy (SCDL) said on Monday that the joint venture will rebuild the Al Rayyan Stadium within three years. L&T is one of the biggest industrial groups in India and ...
L&T Hydrocarbon signs pact with Parsons
The Dollar Business Bureau Larsen & Tourbo Hydrocarbon Engineering (LTHE ) on Tuesday announced it has signed a pact with Parsons to provide engineering and design solutions in America."L&T Hydrocarbon Engineering, a leading engineering and construction company and a wholly-owned subsidiary of L&T, announced a teaming agreement with Parsons to provide engineering and design solutions for onshore and offshore projects across the hydrocarbon, fertiliser, chemicals, and modular plant sectors," L&T said in a statement. Commenting on the announcement of the pact, Subramanian Sarma, CEO MD of LTHE said, "LTHE's broad range of offerings across the hydrocarbon spectrum coupled with Parsons' strong programme management capabilities in the Americas will provide a compelling value proposition to the customers.”Parsons Group President Mike ...
L&T construction gets orders worth Rs.3,205 crore
The Dollar Business Bureau Larsen & Toubro Limited has won an order of almost Rs.3,205 crore for its several businesses of which its building and factories division got major orders worth Rs.2,018 crore. However, its transmission and distribution division bagged orders of Rs.710 crore in the domestic and international markets. In the power transmission & distribution division: The company got orders valuing Rs.710 crore in the domestic and international markets. The company received an order from Oman Electricity Transmission Company to construct 400 KV reactor transformers and associated work related to transformers at Sur and Izki substations. In the domestic market, it bagged the main order from PowerGrid Southern interconnector Transmission System Limited for the construction of a 400 KV double circuit transmission ...
