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 (L&T) has appointed Subhashree Pradeep as the Head of Talent Management and Diversity, Equity & Inclusion (DE&I), according to ETHRWorld report. “I’m happy to share that I’m starting a new position as Head – Talent Management & DE&I at Larsen & Toubro,” Subhashree shared in a LinkedIn post. Subhashree comes with 20…
Infra major Larsen & Toubro Limited announced that it has elevated Shrinath Rao as Senior Vice President & Head – Transportation Infrastructure, with effect from July 17, 2023. According to the company’s exchange filing, “Pursuant to 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Mr. Shrinath Rao has…
Larsen & Toubro, an Indian multi-national engaged in EPC projects, Hi-Tech Manufacturing and Services announced that the Group’s engineering services company, LTTS will acquire L&T’s Smart World & Communication (SWC) Business. The Smart World & Communication (SWC) Business was founded in 2016 to cater to the demands in smart cities, smart utilities, and digital infrastructure.…
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…
Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has ranked No.3 in the ‘Top 200 Environmental Firms’ list for 2022 released by Engineering News-Record (ENR), New York. L&T is the only Indian firm in this list, with pro environmental revenues of USD 4.83 billion in 2021, accounting for…
Engineering giant Larsen & Toubro Limited announced the appointment of Anil. V. Parab as a Whole-time Director on the company’s Board, with effect from August 5, 2022. According to the company’s exchange filing, “we hereby inform you that the Board of Directors at its Meeting held on 26th July 2022 has appointed Mr. Anil. V.…
Larsen & Toubro announced the re-appointment of S. N. Subrahmanyan as Managing Director and Chief Executive Officer of the company, with effect from July 1, 2022. According to the company’s exchange filing, “we wish to inform you that the Board of Directors at its meeting held today i.e. May 12, 2022, based on the recommendation…
Larsen & Toubro Limited announced it has appointed Pramit Jhaveri as Independent Director of the company, effective April 1, 2022. According to the company’s exchange filing, “The Board approved the appointment of Mr. Pramit Jhaveri (DIN: 00186137) as an Independent Director of the Company for a period of five years with effect from April 1,…
Larsen & Toubro (L&T) and ReNew Power (ReNew) announced a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India, the statement said. Commenting on this partnership, S N Subrahmanyan, CEO & MD of Larsen &…
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…
Help Lightning, a provider of remote visual assistance software, has added $3 million in growth equity to its Series A funding. The additional financing comes less than a year after Help Lightning announced its $8 million Series A led by return investor Resolve. Help Lightning added two new strategic investors in this latest round: Mumbai, India-based engineering & infrastructure conglomerate Larsen…
L&T Technology Services Limited, a global pure-play engineering services company, has announced that it has signed a collaboration agreement with UK’s Coventry University to build and deliver new generation engineering solutions for the automotive and manufacturing sectors. The partnership will see research undertaken in autonomous mobility solutions and vehicle dynamics with the aim of strengthening…
Larsen & Toubro (L&T), an engineering and construction company, has announced that it is planning to intensify its efforts to retain the company’s workforce, in light of the second wave of COVID-19, according to a company official. “What has happened after the first wave (of COVID-19) is that much of the labourers went back to…
L&T Technology Services Limited, a pure-play engineering services company, has announced its results for the third quarter ended December 31, 2020. “We had a strong performance with sequential improvement in both revenue and operating margin. All five of our industry segments grew sequentially, with three segments recording growth of 5% plus. Deal wins were especially strong…