L&T manufactures hydrotreating reactor for refinery in MexicoMoneycontrol • 12 days ago
The reactor has been dispatched for Mexico from the company's A M Naik Heavy Engineering Complex at Hazira in Gujarat.
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The brokerage remains positive on companies in the power segment that have a presence across the transmission space as "a strong addressable market can result in 15-20 percent growth in T&D segment inflows and revenues".
The development at the Kandla port in Gujarat could help position India as a key player in the global green energy landscape, said Nuvama in a note. The developments align with the National Green Hydrogen Mission's objectives -- "to make the country a global hub for green hydrogen production, utilisation, and exports, thereby reducing energy imports and helping decarbonise hard-to-reduce sectors."
Kotak Institutional Equities maintains a sell rating on Larsen & Toubro Ltd, lowering the target price to Rs 3100 from Rs 3753 per share due to concerns over scaling down Saudi spending programs.
Through the sale, L&T’s 51 percent and CPP Investments’ 49 percent stakes have been acquired by Epic Concesiones Private Limited which is an investee company of Edelweiss Infrastructure Yield Plus Strategy and is currently managed by Edelweiss Alternative Asset Advisors Limited (EAAA).
Epic Concesiones Pvt Ltd buys out entire stake in L&T Infrastructure Development Projects Limited at an enterprise value of Rs 6,000 crore
In Kandla, the DPA plans to develop a 7 million metric tons per annum (MMTPA) plant for green ammonia production and a 1.4 MMTPA plant for green hydrogen.
In a wide-ranging interview with Moneycontrol, Subramanian Sarma, spoke about opportunities emerging out of decarbonisation and energy transition, L&T’s hiring strategy in the Middle East, and how the company is managing high attrition.
Milan Vaishnav said one can go for a short strangle for Nifty (selling CE 22,600 and selling PE 22,000). This is likely to see a yield of approximately 3 percent per lot on the capital deployed.
L&T Share Price | The 'large' range of orders the company has bagged includes building a 165-bed hospital in oman, a temple corridor in Assam, a polymer manufacturing unit and a solar glass manufacturing plant in Gujarat.