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    HomeNewsBusinessCompaniesL&T exec says seeing early signs of govt spending on infra

    L&T exec says seeing early signs of govt spending on infra

    Larsen & Toubro, India's top construction and engineering company, is seeing early signs of a government push on infrastructure spending, Chief Financial Officer R Shankar Raman said on Thursday.

    January 24, 2013 / 14:44 IST

    Larsen & Toubro (L&T) , India's top construction and engineering company, is seeing early signs of a government push on infrastructure spending, Chief Financial Officer R Shankar Raman said on Thursday.

    Big ticket energy and infrastructure projects in India have been stalled by a slow approval process, inadequate capital and low availability of fuel for power projects.

    L&T reported a 13 percent rise in net profit to Rs 1,122 crore for the third quarter compared with Rs 992 crore a year earlier. Sales rose 10 percent to Rs 15,429 crore.

    Analysts expected the company to report a net profit of Rs 1,079 crore on sales of Rs 16,096 crore, according to Thomson Reuters I/B/E/S.

    first published: Jan 24, 2013 02:26 pm

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