Tuesday, May 29, 2012

>LARSEN & TOUBRO: Larsen & Toubro Electrical & Automation acquires UK-Based Thalest Group".

Investment Highlights
Q4 FY12 Results Update L&T Ltd. has reported net profit of Rs 19204.00 million for the quarter ended on March 31, 2012 as against Rs 15862.10 million in the same quarter last year, an increase of 13.89%. It has reported net sales of Rs 184609.00 million for the quarter ended on March 31, 2012 as against Rs 153842.10 million in the same quarter last year, a rise of 20.00%. Total income grew by 19.18% to Rs 187751.00 million from Rs. 157540.30 million in the same quarter last year. During the quarter, it reported earnings of Rs 31.36 a share.

Recommends Dividend: Larsen & Toubro Ltd has recommended a Dividend of Rs. 16.50/- per share (previous year Rs. 14.50/- per share)

Allotment of Shares: Larsen & Toubro Ltd has allotted 3,80,562 (Three Lakh Eighty Thousand Five Hundred Sixty Two) shares on May 14, 2012 to those grantees who had exercised their options under the Company’s Employee Stock Ownership / Option Schemes.

L&T bags Rs 1937 crore order from GVK for Construction of Road Infrastructure IC of L&T Construction has bagged a major order worth Rs 1937 crore from the GVK group for Design, Engineering, Procurement and Construction for 4 Laning of a major portion of Shivpuri - Dewas section of NH -3 in Madhya Pradesh totaling 235 Km. The project has to be completed in 27 months.

 L&T construction has bagged new orders valued over Rs 1880 crore
L&T Construction has bagged new orders valued over Rs 1880 crore across various business segments during the fourth quarter of FY2012.

The Infrastructure IC has secured new orders aggregating to Rs 1048 crore from The Government of West Bengal.

In the Water and Effluent Treatment business unit, L&T Construction has secured orders worth Rs 348 crore from Gujarat Water Infrastructure Limited for providing, supplying, lowering, jointing & commissioning of bulk water transmission by M.S.Pipeline at Surendranagar and Junagadh Districts in Gujarat.

In the Power Transmission & Distribution IC, new orders valued at Rs 263 crore have been bagged from esteemed clients. The orders include construction of e-BOP system for 2x600 MW Coal fired thermal power plant at Singhitarai in Chhattisgarh from a private developer and another order from DMRC for supply.

L&T Construction has also received additional orders worth Rs 221 crore from various ongoing projects.

To read report in detail: LARSEN & TOUBRO