Larsen & Toubro Ltd.

Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of 100% stake of Dighi Port (DPL) for Rs 705 crore on February 15, 2021. DPL, the 12th port to join APSEZ’s string of economic gateways across the eastern and western coast of India would establish the company’s footprint in Maharashtra, the largest contributor to India’s GDP. This would enable APSEZ to service customers in Maharashtra which includes the highly industrial areas and development in the Mumbai & Pune regions.

IBM and Tech Mahindra are deepening their collaboration, especially in areas like 5G, hybrid cloud, automation and cybersecurity, as the two tech giants work towards building a billion dollar ecosystem over the next three years. The partnership will also see co-creation and co-innovation through innovation labs and Centres of Excellence as the two companies strengthen their partnership to pursue the $1 trillion Hybrid Cloud market opportunity.

Inox Wind has bagged new orders for the supply and installation of wind turbine generators of 62 MW from IPPs and retail customers spread across various industries for third party sales and captive consumption. The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka.

Rajesh Exports has bagged a first major prestigious order post covid worth Rs 1352 crore of designer range of gold jewellery from Germany. The said order is to be completed by March 31, 2021. This is the first major order accepted by the company after the outbreak of Pandemic. The company will be executing the order from its own manufacturing facilities, which are the world's largest gold manufacturing facilities.

ICICI Bank is planning to buy stakes in two fintech companies -- CityCash and Thillais Analytical Solutions -- for a total cash consideration of Rs 6.03 crore. As per two separate deals entered by the bank on Tuesday, ICICI Bank will buy 5.40 percent stake in CityCash for Rs 4.93 crore (Rs 49.34 million) and 9.65 percent in Thillais Analytical Solutions for Rs 1.1 crore (Rs 11 million). Both the deals are expected to be completed by the end of March 2021.

RPP Infra Projects has won new order worth Rs 157.87 crore ‘Rehabilitation of irrigation infrastructures’ in G.A. Main Canal from L.S 30.430 Km to 45.290 km and G.A No.4 Channel, G.A No.5 Channel, G.A No.5A Rear Channel and Neivasal Thenpathy Branch Channels with Feeding Tanks in Papanasam and Orathanadu Taluks of Thanjavur District.

Larsen & Toubro (L&T) is expecting the government's increased capex outlay for FY2021-22 would allow the firm to bid for more large and complex projects where it has a competitive technological advantage. L&T would continue to bid for more large and complex projects to create a projects pipeline.