Latest news with #L&T
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Business Standard
13 hours ago
- Business
- Business Standard
HAL receives first set of wings for Light Combat Aircraft Mk1A from L&T
The first set of wing assemblies for Light Combat Aircraft (LCA) Mk1A, produced by Larsen & Toubro, was handed over to Hindustan Aeronautics Limited (HAL) in Coimbatore, Tamil Nadu, the Ministry of Defence said in an official statement. Secretary (Defence Production) Sanjeev Kumar attended the event virtually, as General Manager (LCA Tejas Division) M Abdul Salam received the assemblies on behalf of HAL from the Precision Manufacturing and Systems Complex unit of L & T. In his address on Thursday, the Secretary (Defence Production) commended the efforts of HAL and L & T towards achieving self-reliance. He hailed HAL for spearheading collaboration with different private sector partners, nurturing them and ensuring enhanced capability. He expressed confidence in meeting the requirement of the production target for LCA Tejas. He called for expanding horizons and focusing on reducing dependency on other countries. Chairman and Managing Director (CMD) of HAL DK Sunil, who was present during the handing over, termed it as a testament to years of dedicated hand-holding and a shared commitment to excellence from HAL and L & T. "HAL is working with suppliers, both large and SMEs, as an initiative towards achieving Aatmanirbharta in the aerospace and defence sector. HAL has effectively built a parallel aircraft structural assembly line in the private sector, which will help in capacity augmentation of the LCA Tejas program," he said. Senior Vice President and Head of L & T Precision Engineering and Systems Arun Ramchandani said L & T is set to supply four wing sets annually, with plans to scale up production to 12 sets per annum through advanced assembly processes and automation, he added. To date, the LCA Tejas Division has received structural modules of Air Intake Assemblies from Lakshmi Machine Works, Rear fuselage assembly from Alpha Tocol, Loom Assemblies from Amphenol, Fin & Rudder Assemblies from Tata Advanced Systems, Centre Fuselage Assembly from VEM Technologies and Wing Assemblies from Larsen & Toubro for the LCA Mk1A. On Monday (July 15), India received the second GE-404 engine from the US for the LCA Mark 1A fighter jet aircraft program. The engine has been received by the Public sector firm Hindustan Aeronautics Limited (HAL) and it is expected to receive 12 more GE-404 engines by the end of this financial year. The engines will be fitted on the LCA Mark 1A fighter jets. The delivery of the engines had been delayed by more than a year due to supply chain issues faced by the American engine manufacturing firm. The Indian Air Force has placed orders for 83 LCA Mark 1A fighter jets and a proposal to buy 97 more of these planes is at an advanced stage after the clearance from the Defence Ministry, officials said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
14 hours ago
- Business
- Time of India
L&T Share Price Live Updates: L&T closes at Rs 3494.0
18 Jul 2025 | 09:21:14 AM IST Join us on the L&T Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about L&T, including: Last traded price 3496.9, Market capitalization: 477741.76, Volume: 44775, Price-to-earnings ratio 31.77, Earnings per share 109.35. Our liveblog provides a well-rounded view of L&T by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact L&T's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the L&T Stock Liveblog. The data points are updated as on 09:21:14 AM IST, 18 Jul 2025 Show more
Time of India
21 hours ago
- Business
- Time of India
3 new Amrit Bharat Exp trains to pass through city from today
Lucknow: In a step toward enhancing regional connectivity, the railway has announced the launch of four new Amrit Bharat Express trains. While three trains will pass through Lucknow, the fourth will run via Kanpur. The inaugural runs of these trains connecting Darbhanga–Gomti Nagar, Bhagalpur–Gomti Nagar, Bapudham Motihari–Anand Vihar Terminal via Lucknow, and Rajendra Nagar Terminal- New Delhi via Govindpuri (Kanpur) — is scheduled on Friday. Darbhanga–Gomti Nagar (05561) will depart from Darbhanga at 11.45am and arrive at Gomti Nagar at 4.05am the next day. It will halt at Sitamarhi, Raxaul, Gorakhpur, and Ayodhya. The weekly train would start regular operation from July 26. It will depart at 3pm from Darbhanga on Saturday and will reach Gomti Nagar next day at 5.30am. Similarly, Bhagalpur–Gomti Nagar (03435) will leave Bhagalpur at 11.45am, reach Gomti Nagar at 8.30am on Saturday, while taking halts at Gaya, Varanasi, and Ayodhya. This weekly train would kick start regular operation from July 24. It would originate from Malda Town (West Bengal) at 7.25pm on Thursday and reach Gomti Nagar next day at 3.25pm. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sea-Facing 3/4/5 BHKs from ₹5.50 Cr* L&T_The Gateway Enquire Now Undo The third train Bapudham Motihari–Anand Vihar Terminal (05599) will also start at 11.45am, arriving at Anand Vihar at 10 am the next day, with key stops at Gorakhpur, Gonda, Lucknow, Bareilly, Moradabad, and Ghaziabad. The fourth train Rajendra Nagar Terminal–New Delhi (22361) will depart at 11.45am and reach New Delhi at 4am the next day, stopping at Pandit Deendayal Upadhyay Junction, Subedarganj, Govindpuri, and Ghaziabad. Regular operations for train 22361 will begin on July 31, departing Rajendra Nagar at 7.45 pm and arriving in New Delhi at 1.10 pm the next day. All trains will offer Sleeper and General class coaches.
India Today
a day ago
- Business
- India Today
HAL receives first set of wing assemblies for Tejas Mk-1A jets from L&T
The first set of wing assemblies for Light Combat Aircraft (LCA) Tejas Mk-1A, produced by Larsen & Toubro, was handed over to Hindustan Aeronautics Limited (HAL) in Tamil Nadu's Coimbatore on (Defence Production) Sanjeev Kumar attended the event virtually as General Manager (LCA Tejas Division) while M Abdul Salam received the assemblies on behalf of HAL from the precision manufacturing and systems complex unit of L& his address, the Secretary (Defence Production) commended the efforts of HAL and L&T towards achieving self-reliance. He praised HAL for spearheading collaboration with different private sector partners, nurturing them and ensuring enhanced capability. Kumar expressed confidence in meeting the requirement of the production target for LCA Tejas. He called for expanding horizons and focusing on reducing dependency on other Chief Managing Director (CMD) Dr DK Sunil, who was present at the event, termed the handing over of LCA Mk-1A a testament to years of dedicated hand-holding and a shared commitment to excellence from HAL and L&T."HAL is working with suppliers, both large and SMEs, as an initiative towards achieving Aatmanirbharta (self-reliance) in the aerospace and defence sector. HAL has effectively built a parallel aircraft structural assembly line in the private sector which will help in capacity augmentation of the LCA Tejas programme," he Vice President and Head, L&T Precision Engineering and Systems Arun Ramchandani said, "L&T is set to supply four wing sets annually, with plans to scale up production to 12 sets per annum through advanced assembly processes and automation."Till date, the LCA Tejas Division has received structural modules of air intake assemblies from Lakshmi Machine Works, rear fuselage assembly from Alpha Tocol, loom assemblies from Amphenol, fin and rudder assemblies from Tata Advanced Systems, centre fuselage assembly from VEM Technologies and wing assemblies from L&T for the LCA Mk-1A.- Ends
Time of India
a day ago
- Business
- Time of India
Rs 76 crore pay for L&T boss: Chairman Subrahmanyan's remuneration jumps 50% after ESOP windfall in FY25
S N Subrahmanyan, Chairman of Larsen & Toubro, saw his pay rise significantly. His remuneration reached Rs 76.25 crore in FY25. This is a nearly 50 per cent increase from the previous year. The rise is mainly due to stock options. His earlier comments about a 90-hour work week had sparked controversy. Tired of too many ads? Remove Ads Larsen & Toubro (L&T) Chairman and Managing Director S N Subrahmanyan saw his remuneration rise by nearly 50% in the financial year 2024–25, largely due to gains from stock to the company's latest annual report, Subrahmanyan received a total compensation of Rs 76.25 crore in FY25, up from Rs 51.05 crore in FY24. The sharp increase was attributed to employee stock options (ESOPs) exercised during the year, valued at Rs 15.88 crore. Notably, no ESOPs were exercised by him in the previous financial report also detailed the pay packages of other top executives. Whole-time Director and Chief Financial Officer R Shankar Raman earned Rs 37.33 crore in FY25. Deputy Managing Director and President Subramanian Sarma received Rs 44.55 crore for the same annual report highlighted that the remuneration of key managerial personnel reflects the company's strong performance, and the rewards are in line with industry from PTI
