Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has announced the divestment of its 100% stake in L&T Infrastructure Engineering Limited (LTIEL), a provider of standalone engineering consultancy services for the infrastructure sector in India. The stake has been acquired by STUP Consultants Private Limited, a subsidiary of…
Larsen & Toubro, signed an agreement to divest its 51% stake in L&T Infrastructure Development Projects Limited (L&T IDPL) to a portfolio company of Infrastructure Yield Plus II, an infrastructure fund managed by Edelweiss Alternatives. With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T’s…
L&T’s wholly owned subsidiary, Nabha Power Limited has recently won two awards at the 22nd National Award Ceremony for Excellence in Energy Management, hosted by Confederation of Indian Industry (CII). Nabha Power was adjudged the National Energy Leader 2021 for its continued excellent performance for the third consecutive year in Energy Management. The power producer…
Larsen & Toubro announced the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower Limited (LTUHPL) to ReNew Power Services Private Limited, a wholly owned subsidiary of ReNew Power Private Limited. The transaction is subject to completion of…