Tag: Larsen & Toubro

L&T’s construction arm receives multiple orders for various businesses

Larsen & Toubro, the Infrastructure company – has announced that its construction arm has secured multiple orders from “prestigious clients for various businesses.” The Commercial and Residential Spaces arm of the Buildings & Factories business has won an order from a reputed developer to construct an office space in Mumbai, the company said in a…

L&T plans to hire 1,100 engineers across business verticals in 2021

Larsen & Toubro (L&T), a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations, has plans to recruit close to 1,100 graduate and post graduate engineer trainees in 2021 and deploy them across various business verticals, a top company official has said, as per PTI report. The company, through its…

Larsen & Toubro divests UK unit Servowatch Systems to Rolls-Royce

Larsen & Toubro, India’s leading engineering, procurement and construction projects, manufacturing and services conglomerate, through its wholly owned subsidiary, Larsen & Toubro International FZE, has signed definitive agreements with Rolls-Royce’s Power Systems Division, a global player in power systems, for the strategic divestment of its UK-based integrated marine automation solutions provider Servowatch Systems. Servowatch Systems…

L&T announces key changes to its Board of Directors

Larsen & Toubro (L&T) announced that its Board of Directors has decided to induct Subramanian Sarma, Non-Executive Director on the Board, as an Executive Director and elevate S V Desai and T Madhava Das to the Board. The slew of Board level appointments reflects L&T’s resolve to chart an aggressive future in its businesses, L&T…

L&T Hydrocarbon Engineering inks MoU with US-based KBR

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), announced that it has signed a Memorandum of Understanding with KBR, a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors, to build Modular Process Plants for refinery and petrochemical projects.…

L&T Board announces the reappointment of AM Naik as Non-Executive Chairman

Indian multinational conglomerate Larsen & Toubro (L&T) recently announced that its board has given nod for the reappointment of AM Naik as the company’s Non-Executive Chairman for a period of three years starting October 1,2020. Naik’s present tenure was scheduled to end on September 30, according to a company regulatory filing. Meanwhile, the board also…

India Inc. pitching in towards the fight against Covid-19

Leading corporations and business leaders have announced their support to fight Covid-19 pandemic, and apart from their direct efforts, and work being done by their respective foundations or CSR initiatives, some of them have committed funds to the union and state governments relief funds. Most of these funds are expected to be directed towards putting…

L&T donates 150Cr to PM Cares, defers extra pay revision to employees

India’s leading technology, engineering, construction, manufacturing, and financial services conglomerate Larsen & Toubro, recently announced that it is committed to participating in corporate India’s response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance. Responding to the call given by Hon’ble Prime Minister of India, the company will donate…

L&T Construction wins orders worth Rs 1,329 crore.

Larsen & Toubro (L&T) on Friday announced that its construction arm, L&T Construction has won orders worth Rs 1,329 crore across business segments. Water & effluent treatment business won an order worth Rs 710 crore. Transportation infrastructure business won an order worth Rs 481 crore. Smart world communication business has secured an order worth Rs 138…

L&T Technology Services wins USD 40 million Engineering Content Management Deal in Europe

L&T Technology Services Limited, a multi-national publicly-traded subsidiary of the Indian-based conglomerate Larsen & Toubro, today announced that the firm has won a multi-year deal worth $40 million to provide digital content management services to a leading technology company’s industrial products segment. In a press release, the company has said that it would be providing…