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L&T to divest stake in infra arm in two months
te, Larsen & Turbro is in the process of selling it's infrastructure development arm, for a price tag of $250- $350 million #CorporateStrategy #CompanyWatch #L&T #AM Naik
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L&T gains after commencing switchgear facility in Gujarat
L&T chairman Naik inaugurated the company's new facility for switchgear products that will manufacture air circuit breakers and moulded case circuit breakers and targeted to achieve annual revenues of Rs 4,600 crore. #StockWatch #L&T #AM Naik
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L&T maintains 5% order guidance, profit margins disappoint
The company had given a revenue guidance of 25 percent, even as most analysts expected 20 percent. Its actual gross revenue grew 23 percent and stood at Rs 14,155 crore. #Economy of India #Union budget of India #L&T #AM Naik
Wire
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Economic Times
L&T looks overseas to offset weak home market
NEW DELHI/MUMBAI: Larsen and Toubro Ltd , India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Shares in L&T closed down nearly 6 p #India #New Delhi #Larsen & Toubro
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Economic Times
FM asks India Inc to tap huge opportunities at home
MUMBAI: Finance Minister P Chidambaram has advised Indian firms to invest in the country, cautioning them to refrain from overestimating the potential overseas. "India Inc should stop looking abroad and focus on tapping huge investment opportunities with #India #Palaniappan Chidambaram #Mumbai
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Calcutta Telegraph
LandT falters but offers bonus
Mumbai, May 22: Larsen & Toubro today offered its shareholders a 1:2 bonus but that failed to cheer the markets, which were deeply disappointed over the unexpected 6.89 per cent fall in fourth-quarter net profits to Rs 1,787.94 crore. The country’s large #Larsen & Toubro #Mumbai #Bombay Stock Exchange




