Larsen & Toubro witnesses firm sales growth
Friday, February 27, 2009 2:10 pmBy ShareGyan.com NewsDesk
Larsen & Toubro looks forward to sustain sales expansion of 30% in the upcoming financial year, even if deals were weakening.
Larsen had witnessed some recession at its production segments and in assignment deals from the road and power divisions.
The firm is hopeful that a solid order book will allow enduring the financial slowdown.
Larsen had deals valued at Rs.68,000 crore at January end that would be implemented in a couple of years.
Larsen has created 12% stake in Satyam and has been a major candidate to acquire the firm. Satyam’s board has strategies to find a buyer to bag its future.
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