Larsen & Toubro (L&T) Receives ‘BBB+’ Rating from Fitch with Stable Outlook
Fitch Ratings has affirmed the issuer default rating of Larsen & Toubro (L&T) at 'BBB+' with a stable outlook, driven by the Company's strong competitive position as one of the largest global engineering and construction companies, higher-than-peer profitability, and good revenue visibility.
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Odisha Set To Launch INR 1 Lakh Crore Railway Projects: Rails for the Developments Ahead
Railway Minister Ashwini Vaishnaw announced INR 1 lakh crore for new railway projects in Odisha. By this, he aimed to accelerate the development in the railway sector. With increased budget allocations and plans for special trains and technology hubs, the BJP envisions significant growth for the state in the coming years.
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Major infrastructure projects have a greater multiplier effect says SBI Chairman Mr. Khara
In an NDTV Profit exclusive interview, SBI chairman Mr. Dinesh Khara stated that major infrastructure projects have a greater multiplier effect. He also stated the increasing need for services catering the demand for wind energy and ports.
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NHAI Aims to Monetize 2,741 KM of National Highways in FY25 Through ToT and InvIT
NHAI aims to raise INR 45,000 Cr by monetizing 33 projects spanning 2,741 KM. Methods with attractive opportunities for investors include TOT and InvIT but the 3rd method of monetisation i.e. Toll Securitisation has also been by the NHAI previously
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Reliance Infrastructure’s Mumbai Metro Debt Woes Resolved, Maharashtra Government Set to Acquire Stake
The Maharashtra State cabinet had previously approved the purchase of the company's 74% stake in Mumbai Metro project, valuing it at INR 4,000 Cr.
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Edelweiss Alternatives Completes Acquisition of L&T Infrastructure Development Projects
The sale of LTIDPL aligns with L&T's strategic objective of divesting non-core businesses to optimize its portfolio. By reducing exposure to asset-heavy developmental projects, L&T aims to enhance its return on equity
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