Engineering Sector

Sell Larsen & Toubro

Sell Larsen & ToubroStock market analysts have suggested investors to ‘sell’ Larsen & Toubro (L&T) stock with a target of Rs 650.

According to them, interested investors can sell the stock between Rs 665-670 with a strict stop loss of Rs 680.
 
Today (Jan 23), the stock opened at Rs 663.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 41.23 and 15.87 respectively. The share price has seen a 52-week high of Rs 1974.50 and a low of Rs 652 on BSE.

On Jan 22, the stock of the company lost Rs 22.75 at Rs 663.90, as against its last closure at Rs 686.65 on Wednesday (Jan 21).

L&T Signs MoU With US-Based Westinghouse Electric

L&T Signs MoU With US-Based Westinghouse ElectricIndia’s largest technology, engineering, construction and manufacturing company Larsen & Toubro announced that it has signed up a memorandum of understanding (MoU) with US-based Westinghouse Electric Company (WEC), a group company of Toshiba Corporation.

The MoU has been signed in order to build 1,000 MW nuclear plants in India.

The MoU will successfully address the projected requirement in India for Pressurized Water Nuclear Reactors with Modular construction technology.

Elecon Engineering bags order worth Rs 18.50 crore

Elecon Engineering bags order worth Rs 18.50 croreIndia's leading material handling equipments maker Elecon Engineering Company has bagged an order worth Rs 18.50 crore from Techpro Systems Ltd., Chennai.

The scope of work includes supply of 1 No. Stacker Reclaimer and other Equipment for Coal Handling System of 1050 MW Coal Fired Thermal Power Project at Maithon Power Ltd.

The work involves design, engineering, manufacturing, testing, supplying, erectioning and commissioning of Material Handling Equipments and other Equipment.

Punj Lloyd Wins Two Orders Worth Rs 1,155 Crore

Punj Lloyd Wins Two Orders Worth Rs 1,155 CrorePunj Lloyd Group, an engineering, procurement and construction (EPC) conglomerate, announced that it has bagged two orders worth Rs 1,154.61 crore.

In a filing to the Bombay Stock Exchange (BSE), the company said that the new orders include the company’s first infrastructure project in Libya, plus an oil and gas contract from Cairn Energy India Ltd.

The four-year infrastructure and utility project worth Rs 1,050.05 crore has been received from Housing and Infrastructure Board of Tripoli, Libya, in partnership with Public Works Company Tripoli (PWCT).

McNally Bharat Receives Two Orders Worth Rs 2.44 Billion

McNally Bharat Receives Two Orders Worth Rs 2.44 BillionMcNally Bharat Engineering, India’s leading engineering solutions company, announced that it has secured 2 orders worth Rs 2.44 billion from Vedanta Group.

London listed Vedanta Group is a metals and mining major with Aluminium, Copper and Zinc operations in India and Australia.

According to sources, the first order has been bagged for Vedanta Group’s 1.5 million tons per annum capacity lead zinc beneficiation plant located in Bhilwara, Rajasthan and the other is for aluminium handling package at Lanjigarh, Orissa.

Elecon Engineering wins order worth Rs 120 crore

Elecon Engineering wins order worth Rs 120 croreElecon Engi

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