Construction and engineering major Larsen and Toubro Thursday said it has raised $600 million through qualified institutional placements (QIP) and issue of foreign currency convertible bonds (FCCBs).
The company raised $400 million through the QIP route, while $200 million came thorough FCCBs.
Financial institutions subscribed to the $400 million QIP at a 1 percent discount to the scrip's Wednesday closing figure of Rs.1,677.40, the company said.
Showing posts with label Larsen and Toubro. Show all posts
Showing posts with label Larsen and Toubro. Show all posts
Thursday, October 8, 2009
Wednesday, August 5, 2009
Larsen and Toubro bags orders worth Rs.853 crore
Construction and engineering major Larsen and Toubro (L&T) Wednesday said it had bagged contracts worth Rs.853 crore for setting up coal handling plants in Uttar Pradesh and Tamil Nadu.
L&T has received a contract from Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVNL) and Neyveli Lignite Corp for setting up coal handling plants at Anpara in Uttar Pradesh and Tuticorin in Tamil Nadu, the company said in a regulatory statement.
The scope of work of these two contracts includes basic and detail engineering, supply, erection of mechanical, electrical and instrumentation works, complete civil and structural works, testing and commissioning.
L&T has received a contract from Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVNL) and Neyveli Lignite Corp for setting up coal handling plants at Anpara in Uttar Pradesh and Tuticorin in Tamil Nadu, the company said in a regulatory statement.
The scope of work of these two contracts includes basic and detail engineering, supply, erection of mechanical, electrical and instrumentation works, complete civil and structural works, testing and commissioning.
Tuesday, May 20, 2008
L&T bags electrical projects worth Rs.6.35 bn in Gulf
Indian construction major Larsen and Toubro (L&T) has bagged four electrical projects worth Rs.6.35 billion (over $145 million) from the UAE and Oman in the Gulf region, the firm announced Tuesday.
Giving details of the projects, the company said two of these orders valued at Rs.5.21 billion were granted by Abu Dhabi Water and Electricity Authority (ADWEA) for the construction and erection of five power sub-stations, including the laying of cables for power supply.
The project also includes the construction of civil buildings, complete with utilities such as air-conditioning, lighting and fire protection systems. The time frame for these projects has been put at 18 months from the day of execution.
Apart from these orders, L&T's subsidiary L&T (Oman) LLC at Muscat has bagged two orders valued at Rs.1.14 billion.
While one order is from the Oman Electricity and Transmission Company, the other is from the Muscat Electricity Distribution Company. Both the projects comprise the setting up and commissioning of power transformers and associated civil works within 10-13 months.
Giving details of the projects, the company said two of these orders valued at Rs.5.21 billion were granted by Abu Dhabi Water and Electricity Authority (ADWEA) for the construction and erection of five power sub-stations, including the laying of cables for power supply.
The project also includes the construction of civil buildings, complete with utilities such as air-conditioning, lighting and fire protection systems. The time frame for these projects has been put at 18 months from the day of execution.
Apart from these orders, L&T's subsidiary L&T (Oman) LLC at Muscat has bagged two orders valued at Rs.1.14 billion.
While one order is from the Oman Electricity and Transmission Company, the other is from the Muscat Electricity Distribution Company. Both the projects comprise the setting up and commissioning of power transformers and associated civil works within 10-13 months.
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