Latest news with #BTG
Bloomberg
5 hours ago
- Business
- Bloomberg
BTG Shares Surge to a Record After Earnings Top Expectations
Shares of Banco BTG Pactual SA surged the most in more than two years to an all-time high after the Brazilian bank reported record revenue and profit for the second quarter. The stock climbed as much as 8.4% to $43.38, the biggest intraday gain since April 2023, after BTG said net income jumped 42% to 4.18 billion reais ($773 million). Analysts surveyed by Bloomberg had estimated the figure at 3.66 billion reais.
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Business Standard
14 hours ago
- Business
- Business Standard
L&T extends rally on order win from Adani Power; brokerage sees more upside
Larsen & Toubro (L&T) share price today Shares of Larsen & Toubro (L&T) were up 1 per cent at ₹3,712 on the BSE in Tuesday's intra-day trade, extending its previous day's gain after winning an ultra-mega order from Adani Power for 6,400MW thermal power for CarbonLite solutions business. In the past two trading days, L&T has gained 3 per cent, and rallied 9 per cent in the past 11 trading sessions. The stock price of the civil construction major had hit a 52-week high of ₹3,963 on December 10, 2024. L&T wins ultra mega order from Adani Power L&T has won an ultra mega order for the supply of Boiler Turbine and Generator (BTG) along with auxiliaries for 6400 MW (800x8) thermal power plant to Adani power. The order will be executed by L&T Energy - CarbonLite Solutions (LTECLS), the company's specialized business vertical for advanced power and low-carbon technologies, L&T said. However, L&T did not specify the exact value of the contracts but as per L&T specification, an ultra mega contract is more than ₹15,000 crore. Mega contract in the range of ₹10,000 crore to ₹15,000 crore, large contract in the range of ₹2,500 crore to ₹5,000 crore and a significant contract ranges between ₹1,000 crore and ₹2,500 crore, as per the company. The scope of work encompasses the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems, L&T said. Meanwhile, on July 29, 2025, the Hydrocarbon Offshore business vertical (L&T Energy Hydrocarbon Offshore) of L&T secured an ultra-mega order from a prestigious client in the Middle East. The order encompasses multiple offshore packages, and the scope includes engineering, procurement, construction and installation of offshore structures, along with the upgradation of existing facilities. Brokerage sees more upside on L&T stock price Order wins will help L&T achieve targeted order inflow growth by the company. Although the company has classified this order at ₹15000 crore we believe this order is worth ~₹38,000 crore at ~₹6 crore/MW, ICICI Securities said in a note. L&T has an order backlog of ₹6.1 trillion up 25 per cent year-on-year (YoY). Given the prospects of ~₹14.8 trillion for remaining 9MFY26E, L&T expects order inflow growth of 10 per cent for FY26E on a larger base. Overall, analysts at ICICI Securities expect revenues and profit after tax (PAT) to grow at compounded annual growth rate (CAGR) of 14.5 per cent and 19.4 per cent over FY25-FY27E. The brokerage firm believes given the backlog growth and pick up in execution there remains a strong revenue growth over the medium term. With continued focus on improvement of overall return ratios and aspiration of 18 per cent ROE by 2026E looks probable. Analysts maintain a BUY rating on L&T with a target of ₹4,380 (SoTP based). The order prospect pipeline grew 65 per cent Y-o-Y to ₹ 15 trillion for the next nine months of FY26. Historically, L&T had a hit ratio of 20-25 per cent in the prospect pipeline, and if it maintains this hit rate, L&T could grow its order inflows far more than its FY26 guidance of 10 per cent Y-o-Y growth, according to analysts at Motilal Oswal Financial Services. In the GCC region, L&T hopes to scale up in areas like renewable, clean energy and transmission projects and correspondingly scale up the execution of existing projects, the brokerage firm said with BUY rating on the stock and target price of ₹ 4,200 per share.
India.com
16 hours ago
- Business
- India.com
Masterstroke by Lausen and Toubro, bags 'ultra mega' order from Adani Power for…, L&T issues statement, says...
Representational Image/AI-generated. New Delhi: In a massive development, Larsen & Toubro (L&T) has secured an ultra-mega contract from Adani Power Ltd to set up eight thermal power units for 6,400 MW of new generation capacity. It is important to note that the company has categorized the order under the 'ultra-mega' category. This means that the order value is more than Rs 15,000 crore. As per the statement released by the company, the said order involves complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems. 'In today's dynamic energy landscape, where India's demand for reliable and affordable power continues to grow, this order from the Adani Group reinforces our role as a leading partner in building the country's critical energy infrastructure,' Subramanian Sarma, Deputy Managing Director & President, L&T said. Here are some of the key details: The order comprises of setting up eight thermal units, each with a capacity of 800 MW, totaling 6,400 MW of new generation capacity. The said order involves complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages L&T's Energy Hydrocarbon Offshore vertical secured an ultra-mega order from an unnamed entity in Middle East on July 29. The order comprised of engineering, procurement, construction, installation & commissioning (EPCIC) of offshore structures, along with the upgradation of existing facilities. The company also secured a 'large' construction order from Andhra Pradesh Capital Region Development Authority It has also secured residential and office space construction contracts in Mumbai and Muscat. It is important to note that this contract announcement comes days after Adani Power announced that the company receipt of Letter of Intent from Bihar State Power Generation Co. Ltd. to develop and supply 2,274 MW of electricity to the state from a proposed 2,400 MW thermal power project in Bhagalpur district.
News18
a day ago
- Business
- News18
Larsen & Toubro bags Rs 15,000 cr order from Adani Power to set up power units
Agency: PTI New Delhi, Aug 11 (PTI) Larsen & Toubro (L&T) has secured an 'ultra mega" order from Adani Power to set up eight thermal power units with a combined capacity of 6,400 MW. Each unit will have a capacity of 800 megawatt (MW), the company said. L&T did not disclose the order value, but according to its classification, ultra mega orders are worth over Rs 15,000 crore. The order will be executed by L&T Energy – CarbonLite Solutions (LTECLS), the company's specialised business vertical for advanced power and low-carbon technologies. The scope of work encompasses the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems. Subramanian Sarma, Deputy Managing Director & President, L&T, said, 'In today's dynamic energy landscape, where India's demand for reliable and affordable power continues to grow, this order from the Adani Group reinforces our role as a leading partner in building the country's critical energy infrastructure." Part of Gautam Adani-led Adani Group, Adani Power is India's largest private sector thermal power producer with an installed capacity of over 18,000 MW. Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. PTI ABI ABI DR DR view comments First Published: August 11, 2025, 16:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
a day ago
- Business
- Mint
L&T share price jumps after receipt of 6,400 MW project from Adani Power. Details here
Larsen & Toubro (L&T) share price jumped 1.6 per cent to ₹ 3,663.90 apiece in Monday's trading session after the company bagged a new order from Adani Power. L&T shares have remained largely positive in the near-term. The stock has ascended over 3.25 per cent in a month and nearly 13 per cent in six months. Indian multinational conglomerate, on Monday, announced that the company has secured an ultra-mega contract from Adani Power to set up eight state-of-the-art thermal power units, each with a capacity of 800 MW, totaling 6,400 MW of new generation capacity. The order will be executed by L&T Energy – CarbonLite Solutions (LTECLS), the company's specialized business vertical for advanced power and low-carbon technologies. In a press release, the company said that the scope of work encompasses the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and associated mechanical, electrical and control & instrumentation (C&I) systems. 'In today's dynamic energy landscape, where India's demand for reliable and affordable power continues to grow, this order from the Adani Group reinforces our role as a leading partner in building the country's critical energy infrastructure," said Subramanian Sarma, Deputy Managing Director & President, L&T. The company further went on to say that this project marks another chapter in the long-standing association between L&T and Adani Power, combining L&T's unmatched engineering and execution capabilities with Adani's vision of delivering dependable and efficient energy to millions of households and industries across India. In Q1FY26, L&T posted a consolidated net profit of ₹ 3,617.19 crore, marking a 29.8 per cent year-on-year rise from ₹ 2,785.72 crore in the same quarter last year. Revenue climbed 16 per cent YoY to ₹ 63,679 crore, driven by robust growth in the Projects & Manufacturing (P&M) segment. EBITDA rose 13 per cent YoY to ₹ 6,318 crore, though the EBITDA margin dipped marginally to 9.9 per cent from 10.2 per cent a year ago. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
