Company Profile

Larsen & Toubro (L&T) and BAE Systems Inc have partnered to bring the world-leading Articulated All-Terrain Vehicle (AATV), the BvS10, to the Indian market. The two companies have signed an agreement to offer the BvS10 for an Indian Armed Forces programme. Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hagglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles. BAE Systems and L&T have upgraded the BvS10 to meet the specific requirements of the Indian Armed Forces. This new variant will be known as the ‘BvS10-Sindhu’. The AATV programme aims to deliver vehicles from L&T’s Armoured Systems Complex, Hazira along with integrated logistic support (ILS).

The BvS10 vehicle on display at Defence and security equipment international (DSEI) in London this week features a Mobile Short Range Air Defense system (MSHORAD) configuration. This demonstrates the versatility of the vehicle, evolving into a modular fighting platform which can carry a broad array of payloads addressing almost any threat in the modern operating environment without impacting the under-armor volume.

The BvS10’s articulated mobility, provides optimal maneuverability across varying terrains including snow, ice, rock, sand, mud, swamps, and steep mountain environments. The vehicle’s amphibious features also allow it to swim in flooded areas or coastal waters. It can deliver personnel and supplies as well as mounted lethality to address any threat in the modern operating environment.  

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Larsen & Toubro is currently trading at Rs. 2915.95, up by 7.85 points or 0.27% from its previous closing of Rs. 2908.10 on the BSE.

The scrip opened at Rs. 2929.00 and has touched a high and low of Rs. 2932.80 and Rs. 2906.20 respectively. So far 46139 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3008.00 on 12-Sep-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 3008.00 and Rs. 2875.00 respectively. The current market cap of the company is Rs. 410027.73 crore.

The Institutions and Non-Institutions held 63.54% and 36.46%, stake in the company, respectively.

Larsen & Toubro (L&T) and BAE Systems Inc have partnered to bring the world-leading Articulated All-Terrain Vehicle (AATV), the BvS10, to the Indian market. The two companies have signed an agreement to offer the BvS10 for an Indian Armed Forces programme. Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hagglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles. BAE Systems and L&T have upgraded the BvS10 to meet the specific requirements of the Indian Armed Forces. This new variant will be known as the ‘BvS10-Sindhu’. The AATV programme aims to deliver vehicles from L&T’s Armoured Systems Complex, Hazira along with integrated logistic support (ILS).

The BvS10 vehicle on display at Defence and security equipment international (DSEI) in London this week features a Mobile Short Range Air Defense system (MSHORAD) configuration. This demonstrates the versatility of the vehicle, evolving into a modular fighting platform which can carry a broad array of payloads addressing almost any threat in the modern operating environment without impacting the under-armor volume.

The BvS10’s articulated mobility, provides optimal maneuverability across varying terrains including snow, ice, rock, sand, mud, swamps, and steep mountain environments. The vehicle’s amphibious features also allow it to swim in flooded areas or coastal waters. It can deliver personnel and supplies as well as mounted lethality to address any threat in the modern operating environment.  

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Larsen & Toubro has informed that it enclosed copies of the advertisement published in the Financial Express, Jansatta and Loksatta newspapers today September 12, 2023 in respect of the addendum to the Public Announcement dated August 26, 2023, published on August 28, 2023 (‘Addendum’). The Addendum has been made available on the Company’s website at www.larsentoubro.com, websites of the Managers at www.jmfl.com and www.axiscapital.co.in, website of the Registrar to the buyback at www.karsima.kfintech.com and website of SEBI at www.sebi.gov.in.

The above information is a part of company’s filings submitted to BSE.

Larsen & Toubro is currently trading at Rs. 2979.95, up by 85.90 points or 2.97% from its previous closing of Rs. 2894.05 on the BSE.

The scrip opened at Rs. 2954.05 and has touched a high and low of Rs. 3008.00 and Rs. 2938.30 respectively. So far 345631 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3008.00 on 12-Sep-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 3008.00 and Rs. 2711.50 respectively. The current market cap of the company is Rs. 418946.57 crore.

The Institutions and Non-Institutions held 63.54% and 36.46%, stake in the company respectively.

Larsen & Toubro (L&T) has incorporated a new Joint Venture Company ‘GH4India’ on August 25, 2023. GH4India is formed for the purpose of development of green hydrogen and its derivatives (including green ammonia, methanol, etc) production assets and associated renewable assets through any model of ownership and operatorship.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Shilchar Technologies is expanding productions facilities from 4000 MVA to 5000 MVA by extension of existing shop floor for manufacturing of Distribution and Power Transformers. The Company will be able to complete this capacity expansion by end of the current financial year. 

Bharat Heavy Electricals (BHEL) has received an order from NHPC for Design, engineering, manufacturing, supply, erection and commissioning of Electro-Mechanical package involving Turbine, Generator, Digital Governing System, Static Excitation System, Transformers, Bus Reactors, Gas Insulated Switchgear, Outdoor Pot yard & Switchyard Equipments and Electrical & Mechanical BoPs for 12x240 MW Electro-Mechanical Works of Dibang Multipurpose Project at Roing in Arunachal Pradesh. Major equipment for the contract will be manufactured by BHEL’s plants at Bhopal, Bangalore, Jhansi and Rudrapur. The on-site execution activities will be carried out by the company's Power Sector - Eastern Region division, Kolkata. Broad consideration or size of the order(s)/contract(s) is Rs 2241.86 crore excluding taxes. The said order is expected to be completed in 75 months.  

Karur Vysya Bank has inaugurated ten new branches - six in Tamil Nadu, two in Andhra Pradesh, one in Telangana and one in Karnataka. With this the total branch network of the Bank increased to 822. With the inauguration of these branches, the ATM network of the bank will increase to 1640 and that of Cash Recyclers to 611.

Larsen & Toubro (L&T) has incorporated a new Joint Venture Company ‘GH4India’ on August 25, 2023. GH4India is formed for the purpose of development of green hydrogen and its derivatives (including green ammonia, methanol, etc) production assets and associated renewable assets through any model of ownership and operatorship.

Newgen Software Technologies has established a new office in Riyadh (KSA) to expand its presence in the Middle East. This new regional office is an addition to the company’s existing Dubai (UAE) subsidiary. Newgen is now present across 74 countries and has built applications for 17 different verticals on its platform. Newgen is present through its subsidiaries in the United States, Canada, United Kingdom, Australia, Singapore, UAE, and KSA. With a revenue of $121 million in FY23, the company has been a preferred partner for some of the world’s leading banks, insurance companies, healthcare organizations, government, telecom companies, and shared service centers.

IndoStar Capital Finance’s board has taken a decisive step forward in its stated retailization strategy by selling a significant portion of its legacy corporate loan book to Phoenix ARC. The sale consists of certain accounts that were tagged in Stage 2, aggregating to dues outstanding of Rs 915 crore. The accounts have been resolved on August 25, 2023 at carrying value through an ARC sale under the Swiss Challenge method in terms of Master Directions – Reserve Bank of India (Transfer of Loan Exposures) Directions 2021, as amended. 

Elpro International has acquired additional 1,50,000 Equity Shares of Jio Financial Services for Investment Purpose. Cost of acquisition is Rs 3.10 crore. With this acquisition, total holding increased to 2,07,166 equity shares.