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Friday, February 15, 2008

L&T soars on bagging overseas contract

Larsen & Toubro (L&T) rose 7.03 per cent to Rs 3507.15 on the BSE after bagging an order worth Rs 311 crore from Qatar General Electricity and Water Corporation for the design, supply and commissioning of five substations at Qatar.

On February 8, 2008, L&T’s construction division bagged an order worth Rs 1,107 crore from Steel Authority of India for its IISCO steel plant at Burnpur, West Bengal.

L&T’s net profit rose 40.1 per cent to Rs 481.79 crore on 55.1 per cent growth in net sales to Rs 6382.68 crore in Q3 December 2007 over Q3 December 2006.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 17
22:30 5-year TIPS Auction 1 1.650% 1.702%
Wednesday, Jun 18
02:00 API Weekly Crude Oil Stock 1 -10.133M -0.600M -0.370M
02:30 Westpac Consumer Survey 2 91.2 89.2
04:15 Current Account (QoQ) 1 $-2.324B $-2.200B $-7.037B
04:15 Current Account - GDP Ratio 1 -5.7% -6.2%
06:30 Westpac Leading Index (MoM) 1 -0.01%
11:30 Retail Price Index (MoM) 2 1.7%
11:30 Retail Price Index (YoY) 2 4.3% 4.5%
11:30 Consumer Price Index (MoM) 3 0.2% 1.2%
11:30 Core Consumer Price Index (YoY) 3 3.6% 3.8%
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