L&T looks at Rs 3000 crore deal from Sri Lanka

Q: To expand its global presence, Engineering major Larsen & Toubro is expecting Rs 3000 crore worth infrastructure projects in Sri Lanka.

Suresh,

10th September 2015

Real estate News in Mumbai

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Replies (3)

As per the company, they have around 17 road projects out of which 6-7 are not profit making. Few years back, everyone went aggressive when they thought that roads sector is a sunrise industry.

That time they did not understand there could be barrier in terms of right of way, or work will stop, cost will rise and government will not give extra claims because of which majority projects not going well.

Himani,

10th September 2015

Comment

Right Himani,
Last year, Adani Ports & Special Economic Zone (APSEZ), part of Adani Group, acquired Dhamra Port, a 50:50 joint venture between Tata Steel and L&T Infrastructure Development Projects Company for Rs. 5500 crore.

As per the current news, the company's information technology services arm, was likely to file initial papers for an IPO this month.

Aarti Bal Pathak, Pune

10th September 2015

Good Morning Himani!!!!
I heard that the company is also looking at a few more countries to expand its international presence. But their mix order will continue to be 20-25% international and 75-80% domestic, as the market here is now looking promising, Company is also expecting a 15% growth in order inflow this financial year,

Brinda.S, Delhi

10th September 2015

Comment

Vry Gud Mrng!!!!!
The company is also looking to sell a few more projects from its realty portfolio such as its projects in Chandigarh, Seawood in Navi Mumbai and its port in Kattupalli, near Chennai.

While orders in the hydrocarbons segment in West Asia have not picked up, there is an opportunity in the infrastructure sector. The current order book of L&T stands at around Rs 239000 crore.

Aarti Bal Pathak, Pune

10th September 2015

Hello Aarti!!!
The company will continue to be careful while selecting road projects and will continue to focus on its main business. Their focus will be to make them profitable and until that happens they will not invest more. It might take another 2 yrs for the projects becoming profitable. But they will continue to review the mood and cautiously and choicely bid for projects,

Brinda.S, Delhi

10th September 2015

In spite of slowness in the realty market, Larsen & Toubro has decided to focus on infrastructure and core areas and also increase geographical reach in West Asia, Africa and a couple of other countries. The company was looking at 2 or 3 projects in the infrastructure sector in Sri Lanka.

Vivek Kulkarni,

10th September 2015

Comment

Right Vivek,
As per the Chairman Vivek Kulkarni, resources are an issue everywhere. Once resources are tied up, For quite some time, in the 4th qtr, projects will implement and the company can bag those projects.

Himani,

10th September 2015