Post this capital infusion by Bain Capital, the capital adequacy for the company would go up by 2 percent from the current 14.5 percent, said , N Sivaraman, President & Whole Time Director, L&T Finance Holding.
Rajesh Kumar, Joint MD, Salzer Electronics says Kumar says promoter stake has come down to 25.5 percent from 30 percent.
For 2015-16, L&T Infotech is targeting profit of USD 141 million and revenues of USD 950 million, L&T chairman AM Naik told CNBC-TV18.
In an interview with CNBC-TV18‘s Sumaira Abidi and Pragya Bharadwaj, Morningstar‘s Piyush Jain and market expert Hemindra Hazari discussed L&T‘s fourth quarter earnings, which came in a tad below the street consensus.
The company would not require joint ventures for further push in defence sector business because it already has established facilities and technology to handle more business, said MV Kotwal, president of heavy engineering, L&T.
Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said
The government will fund 80 percent of the prototype cost and partners will be expected to fork out the remaining 20 percent.
Adesh Sharma, MD Of Dedicated Freight Corridor Corporation (DFCC) gives a ringside view of the quantum of contracts that will be awarded by DFCC in FY15 and FY16.
In an interview to CNBC-TV18, Chandrasekhar Kakal, chief operating officer, L&T Infotech says the two companies- L&T Infotech and L&T Engineering Services exist in order to bring in sharper focus.
MV Kotwal, Whole-Time Director & President (Heavy Engineering), L&T says the company is involved in making prototypes for the Defence Research and Development Organisation (DRDO) and has already put in place facilities for warships.
MV Kotwal, Whole-time Director & President (Heavy Eng), L&T said that the involvement of private sector in defence sector has been very slow until now.
In an interview with CNBC-TV18‘s Reema Tendulkar and Sonia Shenoy, Kannan said, while discussing the bank‘s second quarter earnings, that net NPAs rose to 1.77 percent in the previous quarter to 1.88 percent, due to the failure of two restructured assets.
The company does not have any huge requirement of funds and may liquidate Rs 500 crore order book by FY15-end.
Misal Singh says if the election results are perceived to be favourable, L&T could see earnings upgrade of 10-15 percent in 2016, which in turn implies that the stock should at least be up by about 20 percent from a one year perspective.
The L&T mangement said that it would take another six to seven months to break the existing Sahar.
The current good run is based on the calculations by the market that investment cycle is going to catch on. However, there has been no change on the ground level, says MS Unnikrishnan.
According to SN Subrahmanyan, Saudi Aramco sets very high specifications and the demands are also of very high, therefore, the execusion of the order is demanding but will give the company a lot of prestige.
Whole-time Dir & CFO R Shankar Raman told CNBC-TV18 that he is not surprised by volatility in seen in L&T's margins.
Despite winning orders of just Rs 2,300 crore in Oct-Nov, L&T believes the company is in line with its order book guidance. L&T has received orders in various segments and is quite satisfied with its performance.
Speaking to CNBC-TV18 on his outlook for the sector, K Ravi Kumar, ex chairman, Bharat Heavy Electricals Limited (BHEL) says the export space is more lucrative for companies than Indian markets as there is more demand for gas turbines, heat recovery steam generators, etc.
Larsen and Toubro is positive on Gulf region being a major driving force going forward. It also feels that the new orders in these regions will be a challenge on the margins but needs to be executed well.
L&T IDPL is likely to begin partial operations of the Hyderabad Metro Rail project by 2015 as against 2017, estimated earlier, says K Venkatesh.
Despite coal shortage issue last year BHEL garnered around almost 8000-8500 megawatts of orders. This year too it should be able to garner around 6000 MW, largely lead by central and state government utilities, says Amol Rao of Anand Rathi.
In an interview to CNBC-TV18, Kishor Kumar Mohanty, MD, Gammon Infrastructure projects speaks about the Land Acquisition Bill and why it needs to be implemented properly.
According to L&T's SN Subrahmanyan, L&T Construction did exceptionally well in their water and renewable energy segment during the last few years. The company bagged orders for water projects worth Rs 1,141 crore.