Larsen & Toubro to Build New Car Factory Near Bengaluru
Larsen & Toubro’s buildings and factories (B&F) business vertical has won an order valued between Rs 1,000 to 2,500 crore to construct a state-of-the-art automobile manufacturing plant near Bengaluru. The project will adhere to IGBC norms and include comprehensive design, civil, structural, architectural, and MEPF services.
Larsen & Toubro, an Indian multinational conglomerate, is known for its expertise in executing complex industrial projects. Recently, the company also secured an order for the partial construction of two Fleet Support Ships for the Indian Navy.
Larsen & Toubro, with a market value of USD 27 billion, operates across multiple geographies and has maintained leadership in its major business lines for over eight decades. The company’s shares increased by 0.75% to Rs 3,810.80 during Wednesday’s trade, marking an 8.16% rise over the past year.
Doubts Revealed
Larsen & Toubro -: Larsen & Toubro, often called L&T, is a big company in India that builds things like buildings, factories, and even ships. They work on many important projects in the country.
Bengaluru -: Bengaluru is a large city in the southern part of India. It is known as the ‘Silicon Valley of India’ because many technology companies are based there.
Rs 1,000 to 2,500 crore -: Rs 1,000 to 2,500 crore is a lot of money. One crore is equal to 10 million rupees, so this amount is between 10 billion and 25 billion rupees.
automobile manufacturing plant -: An automobile manufacturing plant is a big factory where cars and other vehicles are made. It includes machines and workers who put together different parts to make a complete vehicle.
IGBC norms -: IGBC stands for Indian Green Building Council. They set rules to make buildings more environmentally friendly, like using less energy and water.
multinational -: A multinational company is one that operates in many countries around the world, not just in its home country.
Fleet Support Ships -: Fleet Support Ships are large ships used by the navy to help other ships by providing supplies like food, fuel, and equipment.
Indian Navy -: The Indian Navy is the part of India’s military that protects the country’s waters and coastline. They use ships, submarines, and aircraft to do this.
stock -: Stock represents a share in the ownership of a company. When the stock price goes up, it means the company is doing well and people are willing to pay more to own a part of it.