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The firm that builds India.
- Source :
-
Economist . 9/22/2012, Vol. 404 Issue 8803, p75-75. 8/9p. 1 Color Photograph, 1 Graph. - Publication Year :
- 2012
-
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.
- Subjects :
- *CONSTRUCTION industry
*RATE of return
*OPERATING costs
*ROADS
*HARBORS
Subjects
Details
- Language :
- English
- ISSN :
- 00130613
- Volume :
- 404
- Issue :
- 8803
- Database :
- Academic Search Index
- Journal :
- Economist
- Publication Type :
- Periodical
- Accession number :
- 80232317