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Feb 08, 2011 01:29 PM IST | Source: Moneycontrol.com

L&T Infotech denies reports of parent co exit

Strongly denying reports of construction major L&T’s exit from L&T Infotech, the later has said that the parent company continues to be a strong support for its growth.

 
 
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Strongly denying reports of construction major L&T's exit from L&T Infotech, the later has said that the parent company continues to be a strong support for its growth. "The reports are baseless and untrue."


Expecting USD 40 million revenue from its recent Canadian acquisition, the company is on track to touch revenues of USD 1 billion in the next three years. L&T Infotech has currently reached a sale base of USD 500 million with a client base of 170 clients.

It is also investing in expansion plans across geographies.

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