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Larsen and Toubro (L&T) has secured a large order to construct the greenfield Bhogapuram International Airport project in Andhra Pradesh. The project will initially be developed to handle 6 MPA (million passengers per annum) capacity to be further enhanced to the capacity of 12 MPA, L&T said in a statement. ....
Infrastructure giant L&T is making a significant move into the semiconductor industry. Their board has granted approval for the establishment of a wholly owned subsidiary focused on the business of fabless semiconductor chip design and product ownership. This strategic decision marks L&T s entry into a new and dynamic sector, highlighting their commitment to diversification and innovation. ....
L&T has approved an investment of Rs 830 crore to set up a wholly-owned subsidiary that will be engaged in the business of fabless semiconductor chip design and product ownership and not manufacturing, said L&T chief financial officer, R Shankar Raman. ....
Revenue came in at Rs 8,905.4 crore, up 8.2% year on year, which beat estimates. The company created from the merger of erstwhile Larsen and Toubro Infotech and Mindtree Technologies started operating as a merged entity in December 2022. ....