L&T Energy CarbonLite Solutions has secured `Limited Notice to Proceed` (LNTP) from NTPC for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2x800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3x800 MW Stage-II thermal power plant at Nabinagar in Bihar. The scope of work involves design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, along with the related mechanical, electrical, instrumentation and civil works. The orders are valued above Rs 15,000 crore according to the company`s classification for ultra-mega projects. Powered by Capital Market - Live News

Larsen & Toubro has announced a strategic partnership with E2E Networks, an Indian Cloud and AI Cloud provider. The partnership is a significant step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations. The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation`s deep learnings to deploy and evolve production-grade selfadapting AI Software. L&T will also acquire a 21% equity stake in E2E Networks through a combination of primary and secondary transactions. Under this alliance, L&T will integrate E2E Networks` Cloud and AI Cloud platform with its expertise in data center management and cloud solutions towards empowering startups, and enterprises. The collaboration aims to accelerate digital transformation for a diverse range of industries, fostering a technology-driven, sustainable future for India. Powered by Capital Market - Live News

Larsen & Toubro has entered into an investment agreement on 05 November 2024 for acquisition of up to 21% stake in E2E Networks. E2E Networks specializes in providing CPU and GPU-based cloud computing platforms, to help its customers carry out large scale general and AI-workloads by leveraging its relationship with NVIDIA.The acquisition is complementary for market approach in the fast-growing areas of AI and cloud services. Along with the acquisition, the Company also proposes to enter into a software license agreement, reseller agreement and co-location agreement with E2E Networks.Pursuant to the acquisition, the Company will also have the right to nominate upto 2 (two) directors on the board of directors of E2E Networks and will also have certain rights and obligations in relation to transfer of equity shares of E2E Networks by Tarun Dua and Srishti Baweja (promoters of E2E Networks).Powered by Capital Market - Live News

Net profit of Larsen & Toubro rose 5.36% to Rs 3395.29 crore in the quarter ended September 2024 as against Rs 3222.63 crore during the previous quarter ended September 2023. Sales rose 20.64% to Rs 61554.58 crore in the quarter ended September 2024 as against Rs 51024.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales61554.5851024.04 21 OPM %12.8613.80 - PBDT6578.935900.96 11 PBT5555.094991.07 11 NP3395.293222.63 5 Powered by Capital Market - Live News

Larsen & Toubro has approved allotment of 1,35,735 equity shares today to those grantees who had exercised their options under the Company�s Employee Stock Option Schemes.Powered by Capital Market - Live News