The Hindu Business Line : L&T to complete recast of strategic biz units soon

Hyderabad, Aug. 2 Larsen and Toubro Ltd is looking at 25-30 per cent growth in turnover this financial year; last year it had posted a turnover of Rs 25,200 crore.

“We are going to complete the “rearrangement” of the SBUs (strategic business units) by the end of March 2009,” Mr J.P. Nayak, President (Machinery and Industrial Products), told Business Line.

Mr Nayak was here in connection with the Suminfra-2008 organised by the Confederation of Indian Industry (CII) on Friday.

“We have six divisions with about 50 SBUs working under them. We are in the process of rearranging SBUs operating in a similar area into 12 different verticals,” he said.

Giving an example, he said SBUs taking care of power construction business, power instrumentation and power development would be brought under one vertical to increase efficiencies.

He said the increased interest rate regime had not impacted the company directly as its exposure to borrowings was not much. “But there might be indirect impact if our clients faced pressure on that count,” he said.

With regard to the initial public offering of L&T Infotech, he said it would go ahead with the plan once the market conditions improved.

The company’s order book stood at Rs 58,500 crore for implementation in the next few years.

More Stories on : Outlook | Engineering | Larsen & Toubro Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Dr Reddy’s to set up facility for opium-based drugs at Vizag

GSPC bids for three oil and gas blocks in Egypt

USFDA nod for Aurobindo's injections

BMW India ties up with ORIX Auto

L&T to complete recast of strategic biz units soon

Suzlon gets shareholders’ nod to raise Rs 5,000 cr thru securities

RINL achieves record turnover

India Inc has lower profit cushion to service debt