India L&T expects new orders of $3.7 bln to $4.7 bln in Jan-Mar
MUMBAI Jan 24 (Reuters) - India's Larsen & Toubro (L&T) expects to win orders worth 200 billion rupees to 250 billion rupees ($3.7-$4.7 billion) in the January-March quarter, an executive said on Thursday.
The construction and engineering company expects to stay within its guidance of 15-20 percent growth in its order book to 800 billion rupees to 840 billion rupees for the fiscal year ending in March, from a year earlier, its chief financial officer, R Shankar Raman, said.
L&T reported a 13 percent rise in net profit to 11.22 billion rupees for the third quarter, compared with 9.92 billion rupees a year earlier. Sales rose 10 percent to 154.29 billion rupees.
($1 = 53.6850 Indian rupees) (Reporting by Aditi Shah; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this
- Alibaba surges 38 pct on massive demand in market debut
- Eight bodies found after attack on Guinea Ebola education team
- EU relief at Scotland's "no" tinged with fear of nationalism
- UPDATE 9-Scots spurn independence in historic vote, devolution battle begins
- Kurdish leader urges world to protect Syrian town from Islamic State
India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article