INSUBCONTINENT EXCLUSIVE:
Larsen Toubro (LT) is going to take up a proposal for share buybackon Thursday
The engineering and construction conglomerate
on Saturday informed bourses that the board will consider the proposal for buyback of shares
on
August 23.
It also announced that the trading window for dealing in securities will be closed for directors and officers and designated
employees of LT from
August 20 to August 24 -- both days inclusive
This is in line with the company's internal code for prevention of insider trading
The company last month reported a 43 cent jump in consolidated net profit at Rs 1,472 crore in the June quarter
It had earned net profit of Rs 1,028 crore in the same quarter last year.
It secured new orders worth of Rs 36,142 crore at the group level
during April-June, recording a 37 per cent jump, with a pick-up in domestic orders.
International orders at Rs 9,404 crore made up 26 per
cent of the total order inflow.
