Hyderabad, April 29 (IANS) The Telangana government on Wednesday formally acquired Hyderabad Metro Rail Phase I from Larsen & Toubro Limited for Rs 1,461 crore.The state government signed a share purchase agreement with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) for the acquisition of 100 per cent equity shares of LTMRHL at an equity value of Rs 1,461.47 crore.The state government had last year decided to take over Hyderabad Metro Rail Phase I through the…
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Mumbai, Jan 28 (IANS) Engineering and construction major Larsen & Toubro (L&T) on Wednesday reported a 4 per cent decline in its consolidated net profit to Rs 3,215 crore for the quarter ended December 31, 2025, (Q3 FY26) mainly due to a one-time exceptional expense linked to new labour laws, even as revenue and order inflows remained strong.The company said it made a one-time material provision of Rs 1,191 crore, net of tax and non-controlling interest, towards employee benefits arising…