L&T plans big in wind and hydro power generation
L&T, country”s largest engineering company, is going to make a strategic change in its energy business focus. The company is going green by foraying into wind and hydro power generation. The company has drawn out a road map for building wind power projects in Gujarat as well as Maharashtra and Tamil Nadu for captive use. [...]
L&T Wins Rs 5300 Crore Orders For Mumbai High Offshore Projects
L&T has won two major offshore platform contracts from the Oil & Natural Gas Corporation aggregating over Rs 5300 crores (US$ 1.18 billion). The Company secured a turnkey order for the Mumbai High North (MHN) process platform & living quarters project, with an additional order for supply of three process gas compression modules to be [...]
L&T cashing in on new FDI norms
The government changed its description of what it considers to be an Indian company, a move that has significant repercussions on FDI. However, L&T has now taken advantage of this change to ink a Joint Venture with the European defense manufacturer European Aeronautic Defense and Space Company (EADS) where the foreign ownership will be 49.5% [...]
L&T Makes Key Contribution to India”s First Nuclear Powered
Larsen & Toubro has played a critical role in building India”s first nuclear powered submarine, launched on July 26, 2009, Based on the design provided by the Navy & DRDO, L&T”s dedicated Submarine Design Centre carried out detailed engineering, using the latest 3D Modeling and Product Data Management software. In addition to being the country”s [...]