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.
Read moreRailway 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.
Read moreIn 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.
Read moreNHAI 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
Read moreThe 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.
Read moreThe 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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