Smart World Communication will be one of the fastest growing businesses within the L&T system
SN Subrahmanyan: From train to temple
SN Subrahmanyan, Chairman and Managing Director, Larsen & Toubro (L&T), helms the company which worked and is working on a series of vastly diverse, transformative projects such as the iconic Ram Mandir, India’s longest sea bridge (the Mumbai Trans Harbour Link or MTHL), Mumbai’s Coastal Road project, the 508 km Mumbai-Ahmedabad High-Speed Rail (MAHSR) Bullet train project and its high-speed electrification system. L&T has secured the largest single railway electrification project order ever placed in India. It is a first-of-its-kind project for India involving implementation o..
Newsmakers 2023
In the dynamic landscape, newsmakers from diverse segments navigated the industry by taking on unprecedented challenges. These individuals shaped headlines with their transformative actions and impactful decisions. Let's take a look at the newsmakers of 2023...
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L&T forms green energy council to drive carbon neutrality
L&T stated that it had constituted a four-member think-tank called the L&T Green Energy Council, consisting of global leaders. They mentioned that the council would strengthen their commitment to achieving carbon neutrality by 2040 and would be responsible for identifying technology trends in green energy, analysing evolving global policy developments, evaluating emerging business models, and providing advice on collaborations.
The CEO and Managing Director of L&T, SN Subrahmanyan, stated that the council would serve as a powerhouse of expertise and strategic guidance ..
Jindal Stainless Fuels Vande Metro
Jindal Stainless Ltd has made headlines by supplying high-strength stainless steel for the Vande Metro trains, set to launch in July. The company's shares surged 4.63%, closing at ?711.40 on the BSE, raising its market cap to ?58,579 crore. The 201LN stainless steel used in the train coaches is lightweight, energy-efficient, and highly durable, ensuring enhanced safety and corrosion resistance. This development marks a significant contribution to India's railway sector, promising improved passenger experience on shorter routes up to 250 km.
The Vande Metro trains, designed for short-di..
Q4 profit: Jindal Stainless reports a 34.6% fall
On account of lower steel prices and weak international demand, India's Jindal Stainless reported a 34.6% fall in fourth-quarter profit.
The country's biggest stainless steel maker by volumes posted a consolidated net profit of $60 million for the quarter end. Despite robust demand for steel from the construction and automotive sectors of one of the world's fastest-growing economies, manufacturers have been grappling with the impact of declining steel prices.
At the conclusion of the quarter, the nation's largest producer of stainless steel by volume reported a combined net..