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Friday, January 7, 2011

Stock Review: Larsen & Toubro

 

 

The reform story would be incomplete without solid infrastructure driving growth. For Larsen & Toubro (L&T), India's largest construction and engineering company, the growth has been amazing -from being an EPC contractor it is now also a manufacturer and supplier of power and construction equipment. With a current order book of more than Rs 1,00,000 crore, the company has its footprints on most major infrastructure projects in India -metro, nuclear power, electrical power, defence and shipping. The company is in the process of becoming a true multinational by establishing its offices and manufacturing units in Africa, Latin America, West Asia and Europe.

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