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Epic Research
Larsen and Toubro has been divesting its non-core businesses and the company has today announced divestment of its plastics machinery business to Toshiba Machine . The engineering and construction major has also bagged two orders, a Rs 749 crore deal from ONGC and a Rs 1302 crore order from Petroleum Development Oman.
In an interview with CNBC-TV18, K Venkatramanan, MD & CEO of L&T said the company is hopeful of a reasonably strong order inflow cycle for India and the non-core divestment process to continue in the near term. At present, L&T is focusing on improving margins and operational excellence.
Moreover, the company is looking to focus more on its international business now, added Venkatramanan.
In an interview with CNBC-TV18, K Venkatramanan, MD & CEO of L&T said the company is hopeful of a reasonably strong order inflow cycle for India and the non-core divestment process to continue in the near term. At present, L&T is focusing on improving margins and operational excellence.
Moreover, the company is looking to focus more on its international business now, added Venkatramanan.