1. The firm that builds India.
- Subjects
- *
CONSTRUCTION industry , *RATE of return , *OPERATING costs , *ROADS , *HARBORS - Abstract
The article focuses on Indian infrastructure company Larson & Toubro (L&T). It comments on how L&T fought off takeover bids in the late 1980s by conglomerate company Reliance and Aditya Birla Group in 2002. It mentions L&T's return on equity rose as the infrastructure industry went through a boom and states that outside its listed finance arm its net debt is 1.9 times its gross operating profit. It talks about how L&T owns roads and ports which account for a quarter of the company's assets.
- Published
- 2012