Search Result for : Larsen Toubro

The Dollar Business Bureau  In order to safeguard the domestic industry, the Government has imposed anti-dumping duty on imports of castings for wind operated electricity generators from China.  “In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, after considering the aforesaid final findings of the designated authority, hereby imposes definitive anti-dumping duty on the subject goods,” Finance Ministry said in a notification (no.42/2017-customs - ADD) on Wednesday.  “The Authority has come to the conclusion that the subject goods have been exported to India from the ...

The Dollar Business Bureau  Indian multinational conglomerate Larsen & Toubro (L&T) signed a pact with South Korean weapons technology firm Hanwha Techwin for supplying artillery guns to the Indian Army. The deal is estimated to be worth Rs.4.5 billion (around $696.38 million), the two companies said on Friday. Jayant Patil, Head - Defence and Aerospace Wing, L&T, said that the two firms will together manufacture self-propelled howitzer. It will give a boost to the Make-in-India drive, of Prime Minister Narendra Modi, to push the local industry. The Indian Army had selected L&T for supplying 100 such guns, he said, while adding that the deal will be the first one under indigenisation campaign targeted at cutting down the army’s dependence on international imports. The bigger ...

The Dollar Business Bureau  L&T Hydrocarbon, fully owned subsidiary of Indian multinational Larsen & Toubro Ltd (L&T) has won orders worth Rs.4,000 crore in the foreign market. The construction arm of L&T has recently won Rs.1,725 crore worth of orders across two business divisions. “L&T Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of Larsen & Toubro, has won orders totalling close to Rs.4,000 crore in the international market,” L&T said in a filing with BSE.    In transportation infrastructure division, the company had won Rs.725 crore worth of contracts. “A procurement, engineering, and construction contract has been bagged from the Ministry of Road Transport & Highways for 4-laning of the section Wadpale to Bhogaon Khurd of National Highway 17 in the state of Maharashtra,” the ...

The Dollar Business Bureau Larsen & Toubro (L&T) on Thursday announced its electrical and automation business division has secured a Rs.500 crore contract from Qatar Rail Company for phase 1 of Doha Metro. “L&T Electrical & Automation, the competency centre for L&Ts automation business in UAE, has bagged the Rs.500 crore contract from Qatar Rail Company (QRAIL),” L&T said in a statement issued. The scope of the contract covers supply, installation, testing, integration, commissioning and maintenance for a period of five years of a network-wide Building Automation and Control Systems (BACS) for its 37 stations. "LTEAFZEs core strengths for project management, domain knowledge, and application engineering will enable us to offer distinctly superior and proven system integration solutions by leveraging L&Ts capabilities built over ...

The Dollar Business Bureau L&T Construction, a subsidiary of Indian multinational Larsen & Toubro Limited (L&T), has won orders worth Rs.2,416 crores across its several business divisions in the month of June this year.   The building and factories division of L&T has bagged orders amounting to Rs.1,165 crores. This includes a contract from a major developer in Mumbai for a high-rise residential project, the company said in a statement. The project’s scope of work includes civil and structural jobs for constructing two residential towers, each tower having three basements, seven podiums, 66 floors and other related buildings. The business also won an order from a leading client in Kolkata, for constructing of a mixed use development (MUD), it said.   The ...

The Dollar Business Bureau Larsen & Tourbo Hydrocarbon Engineering (LTHE ) on Tuesday announced it has signed a pact with Parsons to provide engineering and design solutions in America."L&T Hydrocarbon Engineering, a leading engineering and construction company and a wholly-owned subsidiary of L&T, announced a teaming agreement with Parsons to provide engineering and design solutions for onshore and offshore projects across the hydrocarbon, fertiliser, chemicals, and modular plant sectors," L&T said in a statement. Commenting on the announcement of the pact, Subramanian Sarma, CEO MD of LTHE said, "LTHE's broad range of offerings across the hydrocarbon spectrum coupled with Parsons' strong programme management capabilities in the Americas will provide a compelling value proposition to the customers.”Parsons Group President Mike ...

The Dollar Business Bureau Larsen & Toubro Ltd (L&T) India, an Indian multinational said that its subsidiary has bagged two orders from Petroleum Development Oman LLC (PDO) worth $370 million approximately. “L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of L&T India, has won orders worth $370 million from PDO,” the company said in a release. “The new projects comprise Procurement, Construction and Engineering of Saih Nihaydah Depletion Compression Phase II (SNDC-2) and Kauther Depletion Compression Phase II (KDC-2) Project,” it said. Located in the central region of Oman, Saih Nihaydah field has been producing through Saih Nihaydah Gas Plant (SNGP) which was put into operation in 2005. The Kauther Gas Plant (KGP) is situated around 120 km from Saih Rawl-CPP, Oman. Both the projects are ...

The Dollar Business Bureau Larsen & Toubro (L&T) on Wednesday announced that it has received a Rs.1,700-crore order from Japan’s Marubeni Corporation for setting up the Bibiyana III 400 MW combined cycle power plant project of Bangladesh Power Development Board (BPDB). “BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis,” said L&T in a statement. The plant will be developed at Nabiganj in Habiganj district of Sylhet division, in the northeastern part of Bangladesh, at around 130 kms from Agartala, India. The project will be executed by L&T’s Baroda-based gas based power projects business unit. L&T’s scope of ...