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 Larsen and Toubro Ltd secured contracts worth Rs. 1,063 crore in August.

Larsen & Toubro said in a press release that it has secured an offshore order valued at Rs 749 crore from the Oil & Natural Gas Corporation (ONGC) for complete Engineering Procurement Construction & Installation of four wellhead platforms in Maharashtra.

Larsen & Toubro Ltd, India's biggest engineering conglomerate, is aiming to sell a minority stake in its infrastructure unit, L&T Infrastructure Development Projects, to raise between $300 million and $500 million for ongoing projects. According to sources, the stake sale, which is being handled by Morgan Stanley, is likely to be completed in the next few weeks. The company has not specified the size of stake Larsen wants to sell in its L&T Infrastructure Development Projects Ltd. unit. The subsidiary is developing the metro rail network for the southern Indian city of Hyderabad, apart from executing several highway-building projects. L&T Infrastructure Development Projects is currently handling projects worth 450 billion rupees ($7.9 billion), including 19 road and three port developments. Its largest contract is a 164 billion-rupee metro rail project in southern Hyderabad city, the newspaper said. Poor infrastructure acts as a bottleneck to India's economic growth that slowed to 5.3 percent in the quarter ended March, the weakest pace in nine years. If Larsen is able to raise funds at an attractive valuation, it would be a boost for the infrastructure sector, which is going through difficult times as slower spending by government and private companies has made banks cautious about lending.

Larsen & Toubro Ltd, Indian multinational conglomerate corporation headquartered in Mumbai, plans to raise 2.5 billion rupees ($49 million) by selling bonds next month for the first time in nearly two years, a company spokesman said on Friday. The company will sell 10-year unsecured bonds at a yield of 9.75% at par, Deepak Morada said. The bond sale will likely be launched April 10, 2012. He further said that the money will be used for capital expenditure and investment into group units. According to sources, the company will raise 10% of the total amount next month and the remaining in January 2013. The company has business interests in engineering, construction, manufacturing, information technology and financial services.

Larsen & Toubro Ltd reported that L&T Construction has secured new orders worth Rs.1,454 crore across various business segments in February and March 2012. Its Water and Effluent Treatment business unit has secured new orders worth Rs.579 crore from the Tamil Nadu Water Supply & Drainage Board for taking up combined water supply scheme in Salem and Vellore districts. The Power Transmission & Distribution IC has secured new orders in from reputed customers. Domestic orders worth Rs.351 crore include construction of an electrical balance of plant works for a 2 x 660 MW super thermal power plant from a leading developer and another order from Gulbarga Electricity Supply Co. Ltd. for various electrical works in Gulbarga and Bidar districts in Karnataka. International orders are valued at Rs.320 crore for construction of a 132/11kV substation in Kuwait.

Cyan Holdings and Larsen & Toubro (L&T) has enter into a Partnership Agreement to provide Indian Utility customers with Advanced Metering Infrastructure products. Cyan Holdings plc, the integrated system design company delivering wireless solutions for lighting control and utility metering has formed a strategic partnership with L&T to collaborate in the development. "L&T is a recognized leader in the Energy and Utilities sector with proven products and a tier 1 reputation" said Bijan Mohandes, Vice President - World Wide Sales and Marketing, Cyan Technology. "We are very pleased to be partnering with L&T. By using Cyan's wireless modules incorporating CyLec, L&T Meters will be capable of interoperable two-way communication and remote collection of metering data and control of the meters." Both parties have identified a number of projects in India where there is a need for 865MHz based interoperable Wireless AMI with a short term requirement for end to end communications enabling remote tamper detection and reporting. Both have entered into this strategic alliance as they believe that this technology is likely to become a major factor in the fast growing Indian electricity metering market. The alliance with L&T is in line with Cyan's strategy of building strategic partnerships with key established players in India.

Larsen and Toubro on Monday has locked the orders worth Rs.2, 056 Cr. As per the recent updates, The water and effluent treatment business of the company has locked two major orders collective of Rs.1,262 crore from Tamil Nadu Water Supply and Drainage Board and Raipur Vikas Pradhikaran. Tamil Nadu Water Supply and Drainage Board order is for a combined water supply scheme at various locations in Madurai, Sivaganga and Vellore districts in the state. While, Raipur Vikas Pradhikaran order is for the construction of underground storm-water pipelines, sewerage, water supply and other associated works at Raipur.