L&T Share Price Live Updates: L&T achieves notable three-month returns
20 Jun 2025 | 08:43:36 AM IST Welcome to the L&T Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of L&T, including: Last traded price 3621.1, Market capitalization: 497970.83, Volume: 1580819, Price-to-earnings ratio 33.12, Earnings per share 109.35. Get a complete picture of L&T's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as L&T continues to make waves in the market. The data points are updated as on 08:43:36 AM IST, 20 Jun 2025 Show more
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Indian Express
5 hours ago
- Indian Express
L&T yet to respond after Supreme Court hearing over elevated road and tunnel projects: MMRDA officials
Larsen & Toubro (L&T) has not yet replied to a formal request by the Mumbai Metropolitan Region Development Authority requesting the country's largest infrastructure company to provide financial estimates and rationale that it presented in the Supreme Court in a recent case, said MMRDA officials Friday. The email sent on June 10 gave L&T seven working days to respond, but there was no reply as of Friday. 'We are awaiting L&T's reply to our request. Once that is received, we intend to verify the information provided and rework the estimates, with the help of top experts in the field to be aligned with the spirit of transparency and fairness,' an MMRDA official said, requesting anonymity. L&T did not comment when reached out by The Indian Express. L&T had approached the Supreme Court challenging its disqualification for two major infrastructure tenders issued by MMRDA for elevated road and tunnel projects in Mumbai. During hearings in the Supreme Court, L&T claimed it had bid for the underground tunnel between Gaimukh and Fountain Hotel Junction at Rs 6,498 crore, and for the elevated road from Fountain Junction to Bhayander at Rs 5,554 crore. The Supreme Court subsequently rejected the petition as 'infructuous' following MMRDA's decision to cancel and re-tender the two projects. After the court hearing, MMRDA asked L&T for the same documents backing cost claims, such as rate justifications and supporting calculations. An MMRDA official said these figures would enable its Tender Review Committee to assess and, if the need arose, adopt them as benchmarks in re-estimating the project before launching the new bidding process. Officials said that even after publicly announcing the numbers before the Supreme Court, L&T did not respond to MMRDA. 'L&T's quietness has questioned the validity of its court affidavits and its willingness to be cooperative in an open and transparent tender process,' added the official. According to the official, L&T was disqualified by MMRDA for multiple reasons, including its failure to disclose the structural collapse of the Medigadda barrage in Telangana — a project it executed and which was later verified as failed by IIT Bombay and the Telangana Government. Additionally, the company did not submit key documents required as part of the bidding process. As a result, MMRDA declared the bid 'non-responsive,' a decision that was subsequently upheld by both the Bombay High Court and the Supreme Court
Economic Times
7 hours ago
- Economic Times
Bajaj Auto Share Price Live Updates: Bajaj Auto's Trading Insights
20 Jun 2025 | 02:46:53 PM IST Welcome to the Bajaj Auto Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of Bajaj Auto, including: Last traded price 8380.5, Market capitalization: 233082.36, Volume: 411420, Price-to-earnings ratio 31.83, Earnings per share 262.29. Get a complete picture of Bajaj Auto's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as Bajaj Auto continues to make waves in the market. The data points are updated as on 02:46:53 PM IST, 20 Jun 2025 Show more
Time of India
7 hours ago
- Time of India
Europe's lithium quest hampered by China and lack of cash
Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. Even the bloc's broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply chains. But Europe has run into a trio of obstacles: lack of money, double-edged regulations and competition from China, analysts told AFP. China has a major head start. It currently produces more than three-quarters of batteries sold worldwide, refines 70 percent of raw lithium and is the world's third-largest extractor behind Australia and Chile, according to 2024 data from the United States Geological Survey. To gain a foothold, Europe has developed a regulatory framework that emphasises environmental preservation, quality job creation and cooperation with local communities. It has also signed bilateral agreements with about 15 countries, including Chile and Argentina, the world's fifth-largest lithium producer. But too often it fails to deliver when it comes to investment, say experts. "I see a lot of memoranda of understanding, but there is a lack of action," Julia Poliscanova, director of electric vehicles at the Transport and Environment (T&E) think tank, told AFP. "More than once, on the day that we signed another MoU, the Chinese were buying an entire mine in the same country." The investment gap is huge: China spent $6 billion on lithium projects abroad from 2020 to 2023, while Europe barely coughed up a billion dollars over the same period, according to data compiled by T&E. Lagging investment At the same time, the bottleneck in supply has tightened: last year saw a 30 percent increase in global demand for lithium, according to a recent report from the International Energy Agency (IEA). "To secure the supply of raw materials, China is actively investing in mines abroad through state-owned companies with political support from the government," the IEA noted. China's Belt and Road Initiative funnelled $21.4 billion into mining beyond its shores in 2024, according to the report. Europe, meanwhile, is "lagging behind in investment levels in these areas", said Sebastian Galarza, founder of the Centre for Sustainable Mobility in Santiago, Chile. "The lack of a clear path for developing Europe's battery and mining industries means that gap will be filled by other actors." In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world. "The Chinese let their money do the talking," said Theo Acheampong, an analyst at the European Council on Foreign Relations. By 2035, all new cars and vans sold in the European Union must produce zero carbon emissions, and EU leaders and industry would like as much as possible of that market share to be sourced locally. Last year, just over 20 percent of new vehicles sold in the bloc were electric. "Currently, only four percent of Chile's lithium goes to Europe," noted Stefan Debruyne, director of external affairs at Chilean private mining company SQM. "The EU has every opportunity to increase its share of the battery industry." Shifting supply chains But Europe's plans to build dozens of battery factories have been hampered by fluctuating consumer demand and competition from Japan (Panasonic), South Korea (LG Energy Solution, Samsung) and, above all, China (CATL, BYD). The key to locking down long-term lithium supply is closer ties in the so-called "lithium triangle" formed by Chile, Argentina and Bolivia, which account for nearly half of the world's reserves, analysts say. To encourage cooperation with these countries, European actors have proposed development pathways that would help establish electric battery production in Latin America. Draft EU regulations would allow Latin America to "reconcile local development with the export of these raw materials, and not fall into a purely extractive cycle", said Juan Vazquez, deputy head for Latin America and the Caribbean at the OECD Development Centre. But it is still unclear whether helping exporting countries develop complete supply chains makes economic sense, or will ultimately tilt in Europe's favour. "What interest do you have as a company in setting up in Chile to produce cathodes, batteries or more sophisticated materials if you don't have a local or regional market to supply?" said Galarza. "Why not just take the lithium, refine it and do everything in China and send the battery back to us?" Pointing to the automotive tradition in Mexico, Brazil and Argentina, Galarza suggested an answer. "We must push quickly towards the electrification of transport in the region so we can share in the benefits of the energy transition," he argued. But the road ahead looks long. Electric vehicles were only two percent of new car sales in Mexico and Chile last year, six percent in Brazil and seven percent in Colombia, according to the IEA. The small nation of Costa Rica stood out as the only nation in the region where EVs hit double digits, at 15 percent of new car sales.
