It is India's leading technology, engineering, construction and manufacturing company. The company also has manufacturing facilities in China, Oman and Saudi Arabia. Slowdown in the industrial and the real estate sectors in the second half of CY2009 adversely affected the revenue and profitability of the sector during the year.
To provide thrust to sluggish economic growth, the government is looking at boosting spending on infrastructure and simplifying the procedures for project approvals. L&T is likely to benefit from these government initiatives.
The company recently bagged an order for six laning of Krishnagiri-Walajahpet Highway from NHAI. It has also signed a joint venture with Howden to design, engineer, manufacture and supply axial fans and air pre-heaters to Indian thermal power plants of capacity ranging from 100 MW to 1,200 MW. These products are vital components of energy-efficient thermal power plants. The order book position of the company stood at Rs 70,300 crore at the end of FY09.
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