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Indian Army upgrading Pinaka rocket systems; L&T and Tata bag contract
The Indian Army is upgrading its Pinaka multi-barrel rocket launchers. Private defence giants Tata and Larsen & Toubro are collaborating with Army Base Workshops. This partnership aims to improve the systems' range and operational readiness. The Pinaka programme is a significant Make in India success story. Future upgrades will focus on extending the rocket system's reach to over 150 km.
cityfalcon.com·1h ago
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Larsen & Toubro Wins Indian Army Order To Overhaul, Upgrade Pinaka Rocket Systems
Larsen and Toubro has secured an order from the Indian Army’s Corps of EME to overhaul, upgrade, and manage obsolescence of the indigenous Pinaka multi-rocket launcher systems. The programme aims to enhance operational readiness through lifecycle-based maintenance, with Army Base Workshops leading upgrades and L&T providing spares, technical support, and modernisation expertise.
cityfalcon.com·12h ago
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Larsen & Toubro CFO Expects 10% Rise In FY27 Capex Outlay, Sees No Crowding Out by Government Spending
Larsen & Toubro CFO R Shankar Raman anticipates a 10% increase in capital expenditure in the upcoming FY27 budget, building on the Rs 11 lakh crore FY26 allocation to drive India
cityfalcon.com·4d ago
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Anticipate government to go for 10% capex growth in budget: L&T CFO
Larsen & Toubro's CFO R Shankar Raman anticipates a 10% rise in capital expenditure for FY27, expressing confidence that ample system liquidity will support government spending without crowding out private investment. He highlighted the crucial role of infrastructure in India's developed economy goal and suggested a qualitative pricing mechanism for project bidding to ensure timely completion.
cityfalcon.com·4d ago
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Bajaj Finance loses over Rs 5,100 crore in market value
Mumbai, Bajaj Finance was among the major losers … . The market capitalisation of Bajaj Finance declined by Rs 5,102 … Bank of India, Infosys, Bajaj Finance , Larsen & Toubro and LIC …
cityfalcon.com·11d ago
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