L&T will form a subsidiary, L&T Technology Services, to focus on engineering services. By April 1, 2014, the subsidiary will buy out the engineering segment in L&T Infotech. (BL)After the conclusion of the company’s AGM, L&T Chairman A.M. Naik said "L&T will transfer the major part of the engineering services within itself to the new entity by April 1, 2014, "..
Naik reportedly said that the company was stepping up its efforts outside India.
L&T expects to garner about Rs 25,000 crore from overseas business this year.
“Our order book is at Rs 1.75 lakh crore and we should reach another Rs 10,000 crore to Rs 15,000 crore by the end of the year.
No comments:
Post a Comment