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  • Larsen & Toubro builds cryostat for $20 billion global fusion project Jun 30, 2020 05:35 PM IST

    Larsen & Toubro builds cryostat for $20 billion global fusion project

    The final assembly or top lid sectors of the cryostat, a key part of the world's largest nuclear fusion reactor being built in France, were dispatched on Tuesday from the company's Hazira manufacturing complex in Surat district in Gujarat.

  • Coalition regimes not bad for economy: India Inc leaders Apr 29, 2019 03:50 PM IST

    Coalition regimes not bad for economy: India Inc leaders

    Many captains of industry traded their impeccable suits for informal attire as they lined up outside polling booths, many of them located inside civic body-run schools.

  • Djibouti president, L&T chairman A M Naik, late scribe Kuldip Nayar named for Padma awards Jan 25, 2019 10:15 PM IST

    Djibouti president, L&T chairman A M Naik, late scribe Kuldip Nayar named for Padma awards

    Folk artist Teejan Bai, Guelleh, Naik and theatre actor Balwant Moreshwar Purandare will be honoured with Padma Vibhushan, former CAG V K Shunglu, former union minister Kariya Munda, Akali leader S S Dhindsa were named for Padma Bhushan, which will be conferred by President Ram Nath Kovind in March-April.

  • L&T Chairman AM Naik to receive Rs 32.21 crore as leave encashment Aug 22, 2017 02:38 PM IST

    L&T Chairman AM Naik to receive Rs 32.21 crore as leave encashment

    The 76-year-old Chairman who is set to retire about a month later plans to give away most of his assets to charity

  • L&T goes on offensive with JV to make missiles for defence Feb 13, 2017 08:42 PM IST

    L&T goes on offensive with JV to make missiles for defence

    Larsen & Toubro, which has for long wanted a bigger footprint in the Indian defence sector, has got cracking on its ambitious plans. The company today announced a 51:49 joint venture with Europe‘s MBDA Missile Systems with an eye on Rs. 10,000 revenues from the defence sector by 2021.

  • FM, top industry honchos to attend Make in Odisha Conclave Nov 24, 2016 08:36 AM IST

    FM, top industry honchos to attend Make in Odisha Conclave

    Besides, SBI Chairman Arundhati Bhattacharya, Larsen & Toubro Chairman A M Naik, ITC COO Sanjiv Puri, JSW Group CMD Sajjan Jindal and Hindustan Coca-cola CEO T Krishankumar will take part in the three-day event.

  • IPO-bound L&T Tech sees 15% revenue rise this yr; eyes buyouts Sep 06, 2016 06:50 PM IST

    IPO-bound L&T Tech sees 15% revenue rise this yr; eyes buyouts

    Senior company officials said acquisition will be done to gain control over new technologies rather than only for expanding revenue. The company's revenue has grown at a compounded rate of 23 percent per year over the past three years, they added.

  • Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021 Aug 26, 2016 05:10 PM IST

    Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021

    As part of sharpening the business focus, Naik said the company has "identified select growth businesses in L&T's broad portfolio. These include IT, technology services, defence, smart world and water management.

  • L&T Infotech to make stock market debut on July 21 Jul 20, 2016 12:56 PM IST

    L&T Infotech to make stock market debut on July 21

    The listing will take place at the NSE in presence of L&T Group Executive Chairman A M Naik and other top officials along with merchant bankers.

  • L&T Technology Services IPO on the anvil Jul 15, 2016 08:18 AM IST

    L&T Technology Services IPO on the anvil

    The IPO size of L&T Technology Services is estimated to be more than Rs 750 crore. It could go up to Rs 900-1,000 crore, sources said.

  • L&T is my life; will ensure it remains in strong hands: AM Naik Jul 11, 2016 09:16 AM IST

    L&T is my life; will ensure it remains in strong hands: AM Naik

    74-year-old Naik, who has been with Larsen and Toubro for 52 years, including about 18 years as its head after rising through ranks, said he knows everything "on the pulse" at L&T and things might not be as easy for his successor but he will ensure that the company remains in strong hands.

  • L&T to launch 5 year plan, likely to focus on services business Jul 05, 2016 08:04 AM IST

    L&T to launch 5 year plan, likely to focus on services business

    The Chairman explained that 70 percent revenue of the Group, which counts on the engineering, procurement and construction business as its flagship business, comes from the "risky" project side and hence, services can be of help in de-risking.

  • L&T eyes road sector as govt focuses on highways Feb 17, 2016 10:16 AM IST

    L&T eyes road sector as govt focuses on highways

    In a presentation to investors, L&T has listed the "increased road build-out by NHAI with current focus on EPC (engineering, procurement and construction) projects" as "opportunities".

  • L&T chairman casts doubt on India's economic revival Sep 23, 2015 10:29 PM IST

    L&T chairman casts doubt on India's economic revival

    A.M. Naik, the executive chairman of the 77-year old group, often viewed as a bellwether of the economy, said Prime Minister Narendra Modi's reform agenda had failed to boost business among its core engineering, construction and infrastructure customers.

  • L&T Infotech appoints Sanjay Jalona as MD and CEO Aug 11, 2015 03:03 PM IST

    L&T Infotech appoints Sanjay Jalona as MD and CEO

    Jalona will operate out of L&T Infotech's office in New Jersey, USA. His appointment adds thrust to L&T Infotech's plans to boost profitable growth and strengthen its presence in the Americas, Europe, GCC (Gulf Cooperation Council) countries and the Far East, the company said in a statement.

  • IIM Bill prepared by panel headed by ex-IIM chairman: Irani Jul 30, 2015 10:42 PM IST

    IIM Bill prepared by panel headed by ex-IIM chairman: Irani

    Amid a raging controversy over the draft IIM bill, government on Thursday said it was prepared by a committee headed by former chairman of IIM Trichy's board of governors M Damodaran and finalised after considering the observations and suggestions of the IIMs.

  • Skill India: Implementation key to success, says L&T's Naik Jul 15, 2015 08:01 PM IST

    Skill India: Implementation key to success, says L&T's Naik

    There has been number of attempts in the past for skill training but the implementation was not all that great and therefore though many companies adopted one or the other training institute, very little has been done, says AM Naik

  • HRD ministry may tweak IIM bill, water down Centre's powers Jun 29, 2015 08:20 PM IST

    HRD ministry may tweak IIM bill, water down Centre's powers

    Facing open criticism over the draft IIM bill that gives sweeping powers to the government in policy matters governing the prestigious B-schools, the HRD Ministry is considering doing away with some contentious clauses that may infringe on their autonomy.

  • L&T appoints Venkataraman as CEO MD Mar 09, 2012 11:42 AM IST

    L&T appoints Venkataraman as CEO MD

    In a long-awaited top management succession planning exercise, corporate giant Larsen and Toubro today appointed K Venkataraman as its CEO and Managing Director, while its current chief A M Naik would remain Executive Chairman for the next five years.

  • L&T & MHI JV inaugurates twin facilities at Hazira, Surat Jan 11, 2011 06:11 PM IST

    L&T & MHI JV inaugurates twin facilities at Hazira, Surat

    A joint venture of Larsen & Toubro and Mitsubishi Heavy Industries inaugurated the country’s first private sector facilities for the manufacture of supercritical boilers and turbine generators at Hazira, Surat.

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