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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 1076
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   Posted: 02/Dec/2006 at 9:46am |
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If the City Union Bank thing is for investment, I am not very comfortable with the idea, after all a copany like L&T is much better of expanding in it's area of core competency.... however I suppose they have better reasons than what i can fathom....
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 02/Dec/2006 at 10:59am |
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I am with you 100% for this but I do not think L&T would buy that for investment - at least the management is much smarter then that.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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vip1
Senior Member
Joined: 09/Oct/2006
Location: India
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Posts: 492
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Posted: 03/Dec/2006 at 5:41pm |
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L& T is getting out of lot fof Businesses , so if they are getting into a new one they must have something up their sleeve.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 03/Dec/2006 at 7:04am |
| Engineering and construction major Larsen & Toubro is planning to foray into arms and ammunition to widen its defence equipment portfolio. The company will initially manufacture small arms and later graduate to ammunition, including explosives. |
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| It will be the first private Indian player to produce arms and ammunition and has secured the necessary licence from the Centre. |
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| At present, the state-run Ordinance Factory is the only manufacturer of small arms supplied to the government. |
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| Larsen & Toubro is in talks with two European companies for a technological tie-up in this field. |
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| “The technological tie-up has yet to be finalised. The arms and ammunition will cater primarily to the demands of the government,” said a Larsen & Toubro executive, confirming the development. |
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| He pointed out that it would also explore business opportunities from abroad at a later stage. |
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| The company has already acquired 240 acres of land in Coimbatore in Tamil Nadu, which will house component manufacturing for small arms. Sources said the company was planning an assembly unit near Mumbai for small arms. |
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| Larsen & Toubro has already firmed up production and design of various defence equipment such as rockets, torpedoes, mines, weapons platforms, launchers and anti-tank weapon systems. |
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| “We also have plans to develop air defence products, including sensors and radars,” a company executive said. |
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Life can only be understood backwards—but it must be lived forwards
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vip1
Senior Member
Joined: 09/Oct/2006
Location: India
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Posts: 492
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Posted: 03/Dec/2006 at 11:19am |
India is one of the largest importers of arms and the margins in this business can be very High.
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 1076
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Posted: 04/Dec/2006 at 7:38pm |
I think one can expect good margins in the weapons sector since this is limited only to niche players... lets see how it pans out.....
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
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Posts: 2296
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Posted: 05/Dec/2006 at 1:46am |
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L&T is in the news these days.Nuclear and City Bank stake. All these factors seem to be factored in the price at the moment.However much larger value unlocking will happen when it will list L&T infotech and demerge its subsidiaries. Looks very good for the long term..
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India_Bull forever Bull !
www.kapilcomedynights.com
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vip1
Senior Member
Joined: 09/Oct/2006
Location: India
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Posts: 492
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Posted: 11/Dec/2006 at 5:48pm |
Larsen & Toubro Limited has won a contract valued over Rs 5,400 crores from the GMR-led Delhi International Airport Private Limited for the expansion and modernization of the Delhi International Airport.
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