Under the proposed buyback of shares, L&T will take back 3.3 crore shares from shareholders at a maximum price of up to Rs 3,000 apiece, a 17% premium from the market price from the date of announcement.

CFO says Middle East growth is looking at more broad-based translating into more opportunities for L&T.

Morgan Stanley has added Maruti Suzuki India Ltd and Larsen & Toubro Ltd to its Asia-Pacific ex-Japan (APxJ) focus list while removing Titan Co Ltd.

The Rs 506-crore investment in LTEGL will be made "either by subscribing to equity or preference shares" or by way of "inter corporate deposits or company guaranteed debt or a combination of these", L&T said

The biggest losers for the day on the Nifty were Infosys, Tech Mahindra, HCL Technologies, HUL and Reliance Industries, while gainers were L&T, ONGC, NTPC, SBI and BPCL

L&T will discuss a proposal for equity share buyback and a special dividend on equity shares for the financial year 2023-24 during its board meeting on July 25.

Shares of Larsen & Toubro opened around a percent higher on September 7 following reports of the order win.

Tata Projects Executive Vice President Sandeep Navlakhe, who played a crucial role in construction of the new Parliament, has resigned from the key post in the company. He has been responsible for buildings, factories and airports business unit at the company.

Infosys has trimmed its revenue guidance for FY24 on weak global macro environment. The company now sees its revenue growing at just 1-3.5% in constant currency terms.

The BJP credited the Modi government, while the Congress insisted that these achievements were due to the initiatives taken by India's first prime minister, Jawaharlal Nehru, and successive Congress regimes. The discussion highlighted the successful launch of Chandrayaan-3 and emphasized the importance of continuity in governance and the contributions of both public and private sectors to the space program's success.

Larsen and Toubro's Kattupalli Shipyard near Chennai has qualified for the Master Shipyard Repair Agreement (MSRA) and the Indian conglomerate has signed an agreement with US Navy for repairing of vessels

At 2 pm, the LT stock is trading nearly 1 percent higher at Rs 2,466.00 on the NSE on July 4.

Indian Space Stocks Larsen & Toubro, Hindustan Aeronautics, BHEL, MTAR Technologies, Centum Electronics, Mishra Dhatu Nigam Ltd.

Larsen and Toubro (L&T) will consider a share buyback at its board meeting on 25 July. L&T board is also meeting that day to approve the results for the June quarter. In the meantime, the company also announced that its board has approved the merger of two of its wholly-owned subsidiaries - L&T Innovation Campus (Chennai) Limited with L&T Seawoods Limited.