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BAE Systems Inc. and Larsen &amp; Toubro (L&amp;T) 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&amp;T is the prime bidder for the Indian market, with the support of BAE Systems Hägglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles. BAE Systems and L&amp;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&amp;Ts Armoured Systems Complex, Hazira along with integrated logistic support (ILS). 

L&T ties up with BAE Systems to deliver BvS10 (AATV) for Indian Armed Forces 

In a regulatory filing, the EPC major said that it has partnered with BAE Systems Inc. to bring the All-Terrain Vehicle (AATV), the BvS10, to the Indian market.The BvS10 will participate in Indian Army trials starting in September 2023, it added.Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hägglunds, 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&Ts Armoured Systems Complex, Hazira along with integrated logistic support (ILS).Arun Ramchandani, executive vice president & Head L&T Defence, said, “Larsen & Toubro sees this opportunity as an impetus for L&Ts Armoured Systems business to build on the aegis of a strong manufacturing and design base coupled with the experience of BAE Systems. “L&T and BAE Systems tie-up synergizes our strengths to provide a solution to meet the requirements of the Indian Army. The BvS10-Sindhu is the ideal vehicle for the extremely challenging terrain and climatic conditions in which it is proposed to be deployed.”“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 EPC company stated.The BvS10s articulated mobility, provides optimal maneuverability across varying terrains including snow, ice, rock, sand, mud, swamps, and steep mountain environments. The vehicles 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.The modular design allows the BvS10 to be reconfigured for varying missions. It can be delivered in multiple variants that include transporting personnel, command and control, ambulance service, vehicle repair and recovery, logistics support, situational awareness, as well as vehicle mounted lethality and support systems.Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.The companys consolidated net profit climbed 46.47% to Rs 2,493 crore on 33.55% rise in revenue from operations to Rs 47,882.37 crore in Q1 FY24 over Q1 FY23.Shares of Larsen & Toubro were up 0.37% to Rs 2,918.90 on the BSE.

L&T, BAE Systems join hands to bring BvS10 All-Terrain Vehicle to India

Prabhudas Lilladher is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 3302 in its research report dated September 12, 2023.

Buy Larsen and Toubro; target of Rs 3302: Prabhudas Lilladher

CLSA is optimistic about L&amp;T given the rising project inflow, highest ever backlog and improving execution. It said margin expansion is likely in the second half of FY24 and buyback will drive up Return on Equity (RoE).

CLSA sees further 10% rise in L&amp;T as buyback to boost return on equity

The buyback price represents a 10.57% premium to Mondays closing price of Rs 2,894.05 on the BSE.The EPC major has also reduced the maximum number of equity shares proposed to be bought back from 3,33,33,333 shares to 3,12,50,000 shares, representing 2.22% of the total paid-up equity shares of the company. The decision was taken by the companys buyback committee at its meeting held on Monday.L&T has fixed Tuesday, 12 September 2023 as the record date for its Rs 10,000 crore share buyback. The company had announced the buyback on 25 July 2023.Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.The companys consolidated net profit climbed 46.47% to Rs 2,493 crore on 33.55% rise in revenue from operations to Rs 47,882.37 crore in Q1 FY24 over Q1 FY23.The counter hit an all-time high of Rs 2,998 on the BSE.

L&T hits record high on raising buyback price to Rs 3,200 per share

A surge in L&amp;T's share price since the buyback announcement was the key trigger behind the revision in the floor price.

L&amp;T shares surge to record high as buyback price raised to Rs 3,200 apiece

ICICI Securities is bullish on Larsen and Toubro recommended buy rating on the stock with a target price of Rs 3141 in its research report dated September 08, 2023.

Buy Larsen and Toubro; target of Rs 3141: ICICI Securities

The Rs 10,000 crore buyback plan, equivalent to around 2.4% of outstanding shares at a maximum price of Rs 3,000 per share, boosts confidence in L&amp;T. It remains Citi's top choice for the medium term.

L&amp;T cross Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco's order win

CNBC-TV18 has said L&amp;T is preferred contractor for the $2.9 billion (approximately Rs 24,000 crore) for the Jafurah unconventional gas development project

L&amp;T gains on reports of likely Rs 24,000-crore order from Saudi Aramco

Banking and finance firms were the stars of the Q1 results season, and the optimism is reflected in Moneycontrol’s Analyst Call Tracker for August.

Analyst Call Tracker: Banking, finance firms remain Street favourites as IT pain persists

Larsen & Toubro Ltd. is an investment holding company, which engages in technology, engineering, construction, manufacturing, and financial activities. It operates through the following business segments: Infrastructure, Hydrocarbon, Power, Heavy Engineering, Defence Engineering, IT and Technology Services, Financial Services, Development Projects, and Others. The Infrastructure segment is composed of engineering and construction of buildings and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution and water and renewable energy projects. The Hydrocarbon segment provides engineering procurement, construction and commissioning solutions for the global oil and gas Industry from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning. The Power segment includes turnkey solutions for coal-based and gas-based thermal power plants including power generation equipment with associated systems and balance-of-plant packages. The Heavy Engineering segment manufactures and distributes custom designed, engineered critical equipment and systems to core sector industries like fertiliser, refinery, petrochemical, chemical, oil and gas, thermal and nuclear power, aerospace and defence. The Defence Engineering segment refers to the design, development, and serial production and through life-support of equipment, systems and platforms for Defence and Aerospace sectors; and design, construction, and repair of defense vessels. The IT and Technology Services segment represents global IT services, digital solutions, and engineering and research and development. The Financial Services segment deals with the provision of retail finance, wholesale finance, and investment management services. The Development Projects segment refers to the roads and transmission projects, the Hyderabad Metro Rail project, and power development projects. The Others segment encompasses realty, smart world, and communication projects, marketing and servicing of construction and mining machinery and parts thereof and manufacture, sale of rubber processing machinery and digital platforms. The company was founded by Henning Holck-Larsen and Soren Kristian Toubro in 1938 and is headquartered in Mumbai, India.

Watchers	3,151
52-Wk Low	1,793.36
52-Wk High	3,009.00

Market Cap	4.08T
Volume (M)	953,456.00
52-Wk High	3,009.00
52-Wk Low	1,793.36

LT.NSE Larsen & Toubro Ltd.

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