Larsen & Toubro Limited

LT

INE018A01030

Construction & Engineering

Market Closed - Bombay S.E. Other stock markets 06:27:13 2024-04-24 am EDT			5-day change	1st Jan Change
3,635 ^INR	+0.69%		+2.53%	+3.06%

Apr. 22	Indian Equities Close Higher on Monday as Israel-Iran Tension Eases	MT
Apr. 18	Nomura Adjusts Larsen & Toubro’s Price Target to INR4,230 From INR4,090, Keeps at Buy	MT

L&T, Goldman-backed ReNew tie up for green hydrogen projects in India

December 02, 2021 at 02:13 am EST

NEW DELHI (Reuters) - Indian engineering conglomerate Larsen & Toubro said on Thursday it will jointly own and operate green hydrogen projects with Goldman Sachs-backed green energy producer ReNew Power.

The partnership between L&T and the renewable energy company is the latest big-ticket entry into the green hydrogen production space in India, following announcements of ambitious plans by Mukesh Ambani and Gautam Adani, two of Asia's richest men.

(Reporting by Sudarshan Varadhan; Editing by Muralikumar Anantharaman)

Latest news about Larsen & Toubro Limited

Indian Equities Close Higher on Monday as Israel-Iran Tension Eases	Apr. 22	MT
Nomura Adjusts Larsen & Toubro’s Price Target to INR4,230 From INR4,090, Keeps at Buy	Apr. 18	MT
Larsen & Toubro Completes Sale of Stake in L&T Infrastructure Development Projects	Apr. 11	MT
Epic Concesiones Private Limited completed the acquisition of 51% stake in L&T Infrastructure Development Projects Limited from Larsen & Toubro Limited.	Apr. 09	CI
Larsen & Toubro Limited Receives an Order from the Office of the Commissioner of Customs, Chennai_II, Demanding Differential Duty and Interest Along with Redemption Fine and Penalty for Alleged Incorrect HSN Classification of Certain Goods Imported	Apr. 08	CI
Larsen & Toubro Limited Announces Cessation of M. V. Satish as Whole-Time Director, Effective April 7, 2024	Apr. 06	CI
General Tax Authority, Qatar Imposes A Penalty of QAR 26,549,309 on Larsen & Toubro Limited	Apr. 04	CI
Larsen & Toubro Limited Announces Cessation of Independent Directors	Mar. 30	CI
Larsen & Toubro Arm Bags Multiple Orders in India	Mar. 28	MT
Indian Equities Close Higher Midweek, Aided by Heavyweights, Auto, Realty, Power and Capital Goods	Mar. 27	MT
Larsen & Toubro's Buildings Unit Bags Contracts Worth Up To INR50 Billion	Mar. 27	MT
Larsen & Toubro Limited's L&T Construction Wins Orders for Buildings & Factories Business	Mar. 27	CI
Larsen & Toubro Limited Approves Long Term Borrowings	Mar. 26	CI
Nibe to Supply Heavy Structure Assemblies, Sub-Assemblies to Larsen & Toubro	Mar. 18	MT
Bharat Electronics Bags Orders Worth INR19.40 Billion	Mar. 14	MT
Larsen & Toubro Secures Gas Pipeline Project from Middle East Client	Mar. 14	MT
L&T Wins Order from Client in the Middle East	Mar. 14	CI
Larsen & Toubro Bags Order from All-India Institute of Medical Sciences	Mar. 13	MT
L&T Construction Wins A (Significant) Order for Buildings & Factories Business	Mar. 13	CI
Indian Equities Fall on Monday as Investors Turn Cautious Ahead of US Inflation Data	Mar. 11	MT
Indian Equities Log Marginal Gains on Thursday, Aided by Metal and Media Stocks	Mar. 07	MT
Larsen & Toubro to Build Process Gas Compressor Modules for Oil & Natural Gas Corp.	Mar. 07	MT
LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to succeed	Mar. 07	RE
The Hydrocarbon Vertical (L&T Energy Hydrocarbon - LTEH) of Larsen & Toubro Wins Significant Offshore Order for Hydrocarbon Business	Mar. 06	CI
Avantel Wins INR72 Million Purchase Order from Larsen & Toubro	Mar. 04	MT

Chart Larsen & Toubro Limited

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Company Profile

Larsen & Toubro Limited is a diversified group. Net sales (not including sold divisions) break down by activity as follows: - engineering and construction services (68.5%): implementation of turnkey projects of transportation, building, factories, engineering instruments, etc.; - construction, installation and implementation of hydrocarbon exploration and production projects (17.2%); - development of thermal power plants and manufacturing of energy production equipment (4.4%); - manufacturing of aerospace and defense equipment and systems (3.2%); - manufacturing of custom designed equipment and systems for core industries (2.7%): equipment and systems for the fertilizer, refining, petrochemical, chemical, oil and gas, thermal and nuclear energy industries; - other (4%): manufacturing of industrial machines and products (industrial valves, welding machines, building equipment, etc.), production of concrete, real estate development, etc. Net sales are distributed geographically as follows: India (80.1%), Saudi Arabia (3.6%), United Arab Emirates (2.2%), Qatar (2.1%), Kuwait (1.6%) and other (10.4%).

Sector

Construction & Engineering

Calendar

2024-05-09 - Q4 2024 Earnings Release (Projected)

Related indices

NIFTY 50 , NIFTY 100

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Ratings for Larsen & Toubro Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3,635 INR

Average target price

3,961 INR

Spread / Average Target

+8.96%

Consensus

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Sector Other Construction & Engineering

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Other Construction & Engineering

Larsen & Toubro Limited

Equities

LT

INE018A01030

Construction & Engineering

L&T, Goldman-backed ReNew tie up for green hydrogen projects in India

EPS Revisions