L&T Infotech’s second-quarter earnings and margin growth overwhelms trade analysts

Larsen & Toubro Infotech

Good dealings have mirrored positive results for Larsen & Toubro Infotech Limited (LTI) in the 2nd Quarter. In terms of constant currency, the earnings of the firm have swelled by 2.3% sequentially. The rise in the revenue was well par of what the Street had estimated. The stocks of the IT-firm sustained its growth by rising 4.5% in spite of a steep run-up of 77% this year. The overall rise of most IT-service based companies was factored by the banking and finance vertical, as the banking and finance sector saw…

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L&T wins the bid to develop the Mumbai-Ahmedabad bullet train project

Mumbai - Ahmedabad Bullet train

The longest portion of the high-speed bullet train line between Mumbai and Ahmedabad measuring 237.1 kilometers which is about 47 percent of the mainline, will be developed by Larsen & Toubro (L&T) as the construction giant won the bid for the bullet train project. L&T came up with the lowest bid among the three bidders. Tata Projects, Afcons Infrastructure, and L&T had earlier qualified for the final bidding process. On Monday, National High-Speed Rail Corporation Limited (NHSRCL) revealed the three bids that were submitted by Tata Projects, Afcons Infrastructure, and…

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