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Investors rejoice L&T Q2 but note ban may delay order execution

Bank of America Merrill Lynch says that though it is difficult to quantify demonetisation scheme may lead to labour shortage for L&T and its sub-contractors, impact execution of luxury residential real-estate projects (6 percent of order book) and potentially delay compensation from NHAI for exemption of toll collection on NHAI projects.

first published: Nov 23, 2016 10:57 am

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