L&T to maintain 15-17 percent growth forecast
Engineering and construction major Larsen and Toubro is not revising its growth forecase for FY14, the company's chief financial officer R Shankar Raman said.
Larsen & Toubro (L&T) is not revising its growth forecast for the current fiscal year that ends in March 2014, chief financial officer R. Shankar Raman told reporters on Monday.
L&T, India's largest engineering and construction company, had in May forecast sales growth in the range of 15 to 17 percent for the current fiscal year.
L&T posted a surprise drop in its fiscal first-quarter net profit as a weak domestic economy hit spending on infrastructure projects.