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Indigenous Thru L & T
Posted by :
rvk41
Nuclear Fuel Complex (NFC), the lone supplier of fabricated fuel to nuclear power plants in India, is firming up a memorandum of understanding with L&T for supply of indigenous tubes for steam generators used in nuclear reactors.
“We are working out the modalities of the MoU, which would entail our fabricating these tubes made from a special alloy developed indigenously for the Pressurised Heavy Water Reactors and supply them to L&T,” said Mr R.N. Jayaraj, Chief Executive of the Hyderabad-based NFC.
L&T has sourced a batch of these tubes, worth about Rs 35 crore, for the 700 MW PHWR of the Nuclear Power Corporation of India Ltd.
NFC had initially fabricated these special tubes for the Prototype Fast Breeder Reactor, which is under construction near Kalpakkam in Tamil Nadu. L&T made the heat exchanger for the same reactor.
The steam generator and the turbine are two important components of all power plants, including the nuclear power reactor. The tubes are a vital component. So far tubes have mostly been imported for the nuclear reactors.
With the NPCIL in the process of setting up half a dozen nuclear power reactors of 700 mw and 500 mw capacities, L&T hopes to bag contracts. Each steam generator requires 25 tubes. Once, the modalities of the MoU are finalised, NFC plans to begin fabrication in a big way during 2009-10, Mr Jayaraj added.
For information,with regards
rvk41...
U S Co Acquires an arm of L & T
Posted by : VarnerWhen should we expect the next positive move in Larsen?...
U S Co Acquires an arm of L & T
Posted by :
sabret00theCSR is majorly a farce and show business in the private sector in this country. ...
U S Co Acquires an arm of L & T
Posted by : tara23thanks for the info......
U S Co Acquires an arm of L & T
Posted by :
nikhil_khetantaraji i was auditor of LT at the start of my career, so i feel it is one of best for CSR also :)...
U S Co Acquires an arm of L & T
Posted by : tara23then how many peanuts are given for CSR...
U S Co Acquires an arm of L & T
Posted by : nikhil_khetantaraji crore is peanut for LT :)...
U S Co Acquires an arm of L & T
Posted by : tara23yes you are right.. but crores are crores some value atleast......
At what level buy for long term
Posted by :
msiluI want to buy L&T for long term 3-5 years, please suggest me the correct level of buy ?...
U S Co Acquires an arm of L & T
Posted by : tunga
If you go through the past history of L&T and present activities they are cleaning up for big Business. The business is consolidating to expertised field.
I don`t think it will be below 1600 level.
I think one has to wait for another 4 to 6 weeks for the reactions.
...
Buy Larsen(L&T) at Rs 1600 ?
Posted by : mayurkheShould i buy this script at Rs1600? Is this expected to fall more ? Looking at it 52wk high this is opearating a almost half the price. How far can it reach? ...
U S Co Acquires an arm of L & T
Posted by : linkguruWhat is the short term future of L&T? I am talking about 1 week. This stock is not moving above 1650 even we had seen great rally in past 2 weeks....
U S Co Acquires an arm of L & T
Posted by : essay08I think its cleaning its house and getting ready for a new and shining L&T. Hence all non core business units which does not fit within in core profile (that of an engineering concern) is being disposed off. So that it can move quicker as a giant. Sales proceeds on disposal of such units is just not material for the company. Its just like clearing the house which were cluttered with non essential items- Imagine the feel u have in entering such a house after u have disposed off the not required items....
U S Co Acquires an arm of L & T
Posted by : nikhil_khetanthanks for info. Rs. 200 crore is nothing for LT. is this the reason for fall in LT?...
U S Co Acquires an arm of L & T
Posted by : rvk41
Gilbarco Inc, a US-based fuel control service provider, said on Tuesday that it would acquire the petroleum dispensing pump business of
L&T, India’s largest engineering and construction firm, as part of a plan to increase its presence in the local metering business.
Although Gilbarco didn’t specify the financial details of the transaction, the value of the deal is estimated to be within Rs 200 crore, said people familiar with the development. An L&T spokesperson declined to comment on the size of the deal.
Both the companies on Tuesday signed an agreement where L&T’s PDP unit — which manufactures and sells LPG equipment, apart from providing fuel system solutions — will become part of Gilbarco Veeder-Root’s organisation, through a new division called Gilbarco Veeder-Root India, L&T said.
L&T has been making fuel dispensers for at least three decades.
Gilbarco Veeder-Root is a wholly-owned subsidiary of Danaher Corporation, which has its operations in India. “The acquisition is a continuation of our successful strategy of building a thorough local presence in the key market,” said Martin Gafinowitz, president of Gilbarco Veeder-Root.
In the new set-up, Sudhanshu Chhabra will become managing director of the Indian arm of Gilbarco, which will continue to operate the acquired facilities in Mumbai and Coimbatore, the statement added. L&T’s move is part of it’s ongoing exercise to get out of non-core businesses.
Last year, L&T sold its loss-making ready-mix concrete business to France’s Lafarge SA for Rs 1,480 crore.
It had also divested its bottle plant and its dairy equipment business
For information,L&T starts gathering Funds why !!!
with regards
rvk41...
