L&T sticks to FY19 steerage, expects extra govt orders earlier than 2019 basic elections

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Viswanath Pilla
Moneycontrol Information

Larsen & Toubro (L&T), India’s largest infrastructure firm, mentioned its FY19 income and order influx steerage of 12-15 p.c and 10-12 p.c progress, respectively, will stay unchanged as the federal government expedites pending infrastructure initiatives and tenders new ones forward of basic elections subsequent yr.

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“There doesn’t appear to be any cause for us to doubt our capacity to fulfill the steerage,” mentioned R Shankar Raman, Chief Monetary…

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