Latest news with #Larsen&ToubroLtd
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Business Standard
2 minutes ago
- Business
- Business Standard
L&T bags over ₹15,000 crore Adani Power order for 6,400 MW thermal project
Engineering conglomerate Larsen & Toubro Ltd (L&T) has won an ultra-mega contract from Adani Power Ltd to set up eight thermal power units of 800 MW each, totalling 6,400 MW of generation capacity. Under L&T's classification, ultra-mega orders are those valued at over ₹15,000 crore. The project will be executed by L&T Energy – CarbonLite Solutions (LTECLS), the group's specialised vertical for advanced power and low-carbon technologies, the company said in an exchange filing on Monday. The scope includes the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator packages, along with auxiliaries and associated mechanical, electrical, and control and instrumentation 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,' Deputy Managing Director & President, L&T Subramanian Sarma said. Adani Power, the country's largest private-sector thermal power producer with over 18,000 MW of installed capacity, said the project would further bolster its ability to meet India's baseload electricity needs. The development also strengthens the companies' long-standing association, blending L&T's engineering and execution expertise with Adani's focus on dependable and efficient energy supply. Following the release of the order, Larsen & Toubro Ltd's share price increased 1.53 per cent to ₹3661.95 at 2:44 pm on the BSE.
Mint
01-08-2025
- Business
- Mint
Trump slams the door–Don't give in, chart a new trade path, say experts
New Delhi: India should continue to focus on manufacturing for the world, but with a more diversified 'US-plus" export market, even as President Donald Trump's 25% tariff and an unspecified penalty for trade with Russia have bared vulnerabilities, said experts. 'The latest set of tariff announcements has indeed exposed vulnerabilities in export-dependent growth models, necessitating a strategic recalibration of India's manufacturing framework," said Rishi Shah, partner and economic advisory services leader, Grant Thornton Bharat. 'Our 'Make in India' initiative's emphasis on scaling production capacity remains fundamentally sound, but the current trade environment underscores the need for a more nuanced approach centered on innovation-led industrial development." India must now elevate industrial security to the 'same strategic priority we've accorded food security and energy security over the past decades", said Shah. The US is India's largest export market now, followed by the UAE, the Netherlands and the UK. India has been focusing on boosting manufacturing in export-oriented sectors such as mobile phones, automobiles and components, and pharmaceuticals, especially by offering production incentives. This has been complemented by a calibrated import tariff regime that seeks to gradually increase domestic value addition from mere assembly to more complex operations. Policy makers have also been hoping to reap the benefits from a global supply chain recalibration away from China. Fresh US tariffs, however, renew worries that one of the growth engines, net exports, will continue to face headwinds. The 25% tariff on Indian exports from 1 August would mean India's exports would face a higher barrier in the US market than goods from South Korea (15% tariff rate), the EU (15%) and the UK (10%). 'With trade policies being used as tools of influence by major economies, the goal must be of industrial self-reliance," said Shah of Grant Thornton Bharat. 'This isn't about import substitution, rather about building economic resilience against external shocks and policy volatility." Sachchidanand Shukla, group chief economist at Larsen & Toubro Ltd, described the current trade uncertainty as a short-term issue and said the focus on manufacturing-centred development should stay. 'It is true the world is in a flux currently and there has been a degree of de-globalization playing out in the recent past," he said. 'But India has to pursue negotiations with the US, partner with other like-minded economies and economic blocs and get deeply embedded in the global value chains." India should keep eyes trained on harnessing all global opportunities, whether it is within Asia, which is the fastest growing region, the EU or Latin America, and continue to enter into trade deals, said Shukla. According to Shukla, India's push for scaling up domestic manufacturing capabilities has served well in building self-reliance and it should continue, especially for strategic reasons and also for meeting the demand in a growing economy, which has the potential to double its size in six-seven years. Besides, the global trade pie and the opportunity is very large at over $33 trillion and must be tapped to generate jobs and growth, Shukla added. 'The current uncertainty in trade relations with the US is a short-term bump. What has been announced by the US may not be the final outcome, as we have seen in negotiations with other countries. India's focus on manufacturing should continue, and we must make in India and make for the world," Shukla said. The path forward requires a dual approach, said Shah of Grant Thornton Bharat. That involves maintaining India's trajectory of scaling up manufacturing while pivoting toward innovation, said Shah. 'This means deepening our focus on research and development intensity, technological capabilities and knowledge-based value addition across manufacturing, services and emerging technology sectors," said Shah. 'Priority areas include semiconductor design, biotechnology R&D (research and development), pharmaceutical innovation and precision electronics—domains where our MSME ecosystem can leverage advanced technologies to create globally competitive products."
Time of India
17-07-2025
- Business
- Time of India
L&T plans to invest Rs 1,000 crore in Katupalli shipbuilding complex: Reports
Larsen & Toubro Ltd plans to invest Rs 1,000 crore in its shipbuilding complex at Katupalli, Tamil Nadu, The Hindu Business Line reported. The company is taking up this move to reach its intended production capacity. Explore courses from Top Institutes in Select a Course Category MCA Data Science Healthcare Leadership Management Operations Management Project Management Artificial Intelligence Technology Digital Marketing Others Data Analytics Design Thinking PGDM MBA Finance others Product Management Data Science CXO Public Policy Degree healthcare Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details In 2009, the facility had received Environment Clearance and Coastal Regulation Zone clearance to annually produce 50,000 tonnes per annum for modular fabrication facility (MFF) and permission for 25 ship buildings and 60 ship repairs. However, with the existing infrastructure, the company is unable to reach these intended capacities/quantities. The company intends to take up further development works at Kattupalli, as reported by Businessline citing company documents. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World The above-cited document also mentioned that the planned facilities will help L&T to reach its intended production capacity of 50,000 tonnes per annum for MFF as well as construction and repair of 25 and 60 ships per annum, respectively. Development of new facilities are likely to start in October and be completed in three years, according to the document. Live Events The development works will be taken up within the 892.11 acre area already belonging to L&T. The proposed development will involve setting up of additional shops, fabrication units, paint shops, assembly shops, blasting shops, residential accommodation buildings, office buildings, warehouse sheds, skill development centre, landscaping/greenbelt development, the mentioned document said. Presently, L&T's Katupalli shipbuilding facility takes up 30 ship repairs and construction of 15 new ships per annum. Company officials did not respond to comments. In 2019, this shipyard became the first Indian shipyard to achieve a five-star grading from Five Star Occupational Health and Safety Audit conducted by the British Safety Council, positioning it amongst a select few in the world. L&T's Katupalli facility in Tamil Nadu is located about 40 km north of Chennai. It is a greenfield shipyard having a a dedicated design centre for warships. This shipyard has multiple dry berths and wet berths that enable concurrent construction and repairs of multiple vessels, along with modular construction of ships, according to information on the company website. Shares of Larsen & Toubro Ltd were trading at Rs 3,482.75 at 13:05 on Thursday.
Time of India
11-06-2025
- Business
- Time of India
Larsen & Toubro: L&T Enhances Collaboration with Defence Shipyards to Boost Naval Orders, ET Infra
Advt Advt By , ETInfra MUMBAI: Larsen & Toubro Ltd, India's biggest engineering and construction firm, will look at strengthening its 'working collaborations' with state-owned defence shipbuilders as well as direct wins to boost its naval shipbuilding business , a top official has said.L&T's defence order book is in excess of ₹3,000 crore and potentially growing.'For now, our focus has been on defence shipbuilding, and we do see a potential for growth, one in terms of the number of shipbuilding programmes which are on the anvil, and two, a few export opportunities and three, also working with the other yards. As you can see, the order books of most of the defence shipyards are quite swollen, and they are also looking at offloading some of the work,' Arun Ramchandani, Senior Vice President, Precision Engineering & Systems, L&T, told ET Infra in an interview on May 27.'In fact, we are working with Hindustan Shipyard Ltd for their fleet support ships; we are doing two of their fleet support ships out of the order of five which they got from the Indian Navy . We did four Anti-Submarine Warfare Shallow Watercrafts and Large Survey Vessel for Garden Reach Shipbuilders & Engineers Ltd (GRSE). That's another model which is evolving and which we want to take a step further that we look at working collaboratively with the other defence shipyards as well as look at winning business competitively like we did for the multipurpose vessels and the cadet training ships,' Ramchandani such working collaborations with defence yards include building the entire ship or just a part of the vessel for them?'It has been evolutionary,' says Ramchandani.'When we started, we were delivering the whole ship from our yard. There are two models, one where there is a lot of free material that comes from the prime contractor to us and for the fleet support ships, there are about 15 equipment which we are buying for all the ships and some of the stuff we get from Hindustan Shipyard while the critical yard materials we buy ourselves. So, that way the size of our order book also swells,' he stated.'With the number of programmes which are coming up on naval shipbuilding, the fleet expansion that the Indian Navy is doing and the requirement to deliver on time and to scale our capacities and business, both direct wins as well as working with defence shipyards seem to be the way forward,' Ramchandani added.
Business Standard
03-06-2025
- Business
- Business Standard
Suzlon Energy Ltd Slips 2.4%
Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX Suzlon Energy Ltd fell 2.4% today to trade at Rs 69.51. The BSE Capital Goods index is down 0.09% to quote at 71147.43. The index is up 13.53 % over last one month. Among the other constituents of the index, Larsen & Toubro Ltd decreased 0.79% and NBCC (India) Ltd lost 0.6% on the day. The BSE Capital Goods index went down 3.49 % over last one year compared to the 6.57% surge in benchmark SENSEX. Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX. On the BSE, 16.8 lakh shares were traded in the counter so far compared with average daily volumes of 141.52 lakh shares in the past one month. The stock hit a record high of Rs 86.04 on 12 Sep 2024. The stock hit a 52-week low of Rs 45.13 on 05 Jun 2024.
