The state-run BHEL is in talks with private companies like Larsen & Toubro and Pipavav Shipyard to jointly build off-shore oil rigs, a business proposition it had shelved earlier, says a company official.
The Nuclear Power Corporation (NCPIL) and Larsen & Toubro (L&T) Monday signed a joint venture agreement to make special steel and ultra-heavy forgings at a
plant in Hazira for an investment of Rs 1,725 crore.
Foreign fund HSBC Global Investment
Funds, Mauritius has acquired 0.68 per cent stake in engineering major, Larsen and Toubro, after buying shares worth Rs 628.72 crore, through an open market transaction.
German engineering firm Voith on Sunday said it has acquired the entire stake held by its joint venture partner Larsen & Toubro (L&T) in Kolkata-based firm Voith Paper Technology for an undisclosed amount.