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L&T bags various orders in India and overseas

The construction arm of L&T has secured orders from clients across various states for its varied businesses, the company said in a filing to the BSE. L&T's power transmission and distribution business has bagged various orders in India and overseas. Additional orders have been won in ongoing projects in the Middle East, the company said.

L&T Technology Services wins Avionics contract from Airbus

Chief Operating Officer Abhishek Sinha said the new-age business opportunities in aviation sector call for a “transformative” approach including fresh ideas, elaborate evaluation of best-fit technology solution and capability to accelerate business growth through innovation.

India is about competencies, business prospects; discovering new opportunities: Thales

Thales Group's CEO Marko Erman says the Indian market is about competencies as well as business prospects.

VA Tech Wabag gets orders worth Rs 1,477 cr from UP govt

The Chennai-headquartered firm has bagged the Rs 1,477 crore contract on 'one city, one operator' model and will operate, maintain and manage the system in both the cities for a period of 10 years, expandable for an additional period of five years.

Legrand India to scale up manufacturing, also open to acquisitions: CEO

Indian arm of electrical equipment maker aims to double revenue contribution to parent.

CG Power draws up plan to work on operations recovery

A recent investigation by the company revealed that nine wrongful transactions, allegedly undertaken by the promoter group led by Gautam Thapar, had caused it a loss of around Rs 3,000 crore. The company is doing a deeper investigation under what it calls ‘Phase 2’, even as the Ministry of Corporate Affairs has referred the case to the SFIO.

Wind power producers sever ties with bankrupt Senvion

India is said to be scaling down contracts with Hamburg-based turbine manufacturer Senvion after its solvency filed in German court of law. Alfanar Energy, which had signed a contract with Senvion for a 300 MW project in India, terminated the order and awarded it to Siemens Gamesa Renewable Energy.

KEC International bags new orders of Rs 2,255 cr

In its urban transportation business, the company bagged an order of Rs 853 crore for the construction of elevated viaduct along with 10 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).

L&T bags orders worth Rs 2,500 cr from government entities

From Jharkhand government, L&T bagged and engineering, procurement and construction order from the Jharkhand Urban Infrastructure Development Company. In West Bengal, the company got an order from State Project Management Unit for flood protection works and embankment strengthening of Damodar river in East Bardhhaman and Hooghly districts.

KONE opens new facility with an investment of Rs 450 crore in Chennai

KONE Elevators India is a wholly owned subsidiary of KONE Corporation which is a leading name in the elevator and escalator industry. Its new facility was built with an investment of Rs 450 crore, employing around 600 people. The company said it was poised to ride the wave of urbanisation in the country.

BHEL bags Rs 200 crore order to upgrade Chilla hydro project

BHEL bags Rs 200 crore order to upgrade Chilla hydro project

The units at Chilla HEP have been in operation for more than 35 years and RM&U of these units will result in upgradation of output capacity, additional generation and efficiency improvement, in addition to leading to better plant availability and life extension of equipment.

EEPC India urges government to find ways to tackle rising global challenges

EEPC India urges government to find ways to tackle rising global challenges

The EEPC India chairman said the country's exports are facing a severe slowdown in the face of rising raw material cost, US-China trade war and non-tariff barriers, besides a crippling deceleration in global trade. Merchandise exports for September, 2019 declined by 6.57 per cent year-on-year.

L&T bags HPCL's order worth over Rs 7,000 crore

L&T bags HPCL's order worth over Rs 7,000 crore

L&T Hydrocarbon Engineering will execute the order for residue up-gradation facility for HPCL. The order entails engineering, procurement, construction and commissioning of a RUF for Visakh Refinery Modernisation Project at the Vizag Refinery.

Liquidator may sell Mafatlal Engg’s 120 acres to repay lenders

Liquidator may sell Mafatlal Engg’s 120 acres to repay lenders

Mafatlal Engineering Industries had shut down in May 1989 and counts ICICI Bank and ARCIL among its key lenders. The Official Liquidator of the Bombay High Court is looking to sell 120 acre land parcel to repay dues of its lenders and 3,000 workers.

L&T to buy Old Lane Mauritius III Ltd's stake in subsidiary for Rs 48 crore

L&T to buy Old Lane Mauritius III Ltd's stake in subsidiary for Rs 48 crore

In a filing to BSE, Larsen & Toubro said it has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&T Infrastructure Development Projects for Rs 47.9 crore. The share purchase agreement was executed on Thursday.

L&T wins up to Rs 2,500 crore worth contracts from domestic, international markets

L&T wins up to Rs 2,500 crore worth contracts from domestic, international markets

The construction arm of L&T has won contracts for 400kV transmission line in Mozambique and for 220kV project in the UAE.

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