110209 Investors following Larsen. Share this News with them.
0
Like this story, share it with millions of investors on M3
L&T betting big on power, railway biz unit
Larsen and Toubro anticipates revenues in excess of Rs 4,300 crore annually from the power segment by 2011-12 and over Rs 2,000 crore business a year in two years from its railway business division, Mr A.M. Naik, Chairman, said on the sidelines of the annual general meeting here on Friday.
Larsen and Toubro anticipates revenues in excess of Rs 4,300 crore annually from the power segment by 2011-12 and over Rs 2,000 crore business a year in two years from its railway business division, Mr A.M. Naik, Chairman, said on the sidelines of the annual general meeting here on Friday.
The company has doubled the capacity of its automation system centre and the country's largest integrated factory for track systems and module was operational at Talegaon.
It has also acquired another 400 acres at Hazira for setting up manufacturing facilities for super critical boilers and steam turbines and generators, besides establishing a railway business unit to become a turnkey solutions provider for the railways.
This would more than offset any slowdown that might come about, he said while adding that the property division and refineries businesses were expected to be lower.
The company has doubled the capacity of its automation system centre and the country's largest integrated factory for track systems and module was operational at Talegaon. 
