Thursday, 26 March 2015

L&T plans to hive off electrical and automation business: AM Naik

AM Naik reportedly said that among non-core businesses, we have sold most of them. 
Larsen & Toubro

Larsen & Toubro is planning to hive off its electrical and automation business, its chairman AM Naik.
AM Naik reportedly said that among non-core businesses, we have sold most of them.

"We will spin off the electrical and electronics business into a different company and list it, " Naik reported.
The company plans to list two of its subsidiaries — L&T Infotech and L&T Technology Services — by July 2016,

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