High on hydrocarbon
The Engineering & Construction (Projects) Division of the company saw the creation of three operating companies under its umbrella -- for hydrocarbon upstream, hydrocarbon mid and downstream, and power. The E&C segment is the most critical division for the company, contributing as high as 82% of the total sales for L&T in FY 2008-09, dwarfing other segments like electricals & electronics (8%), machinery & industrial products (7%) and others like IT and financial services (3%).
However, although the economic slowdown is easing out, for the second quarter of the current financial year, this division grew just a shade above 14% in revenues, which was below the widely expected 20% growth. But what is significant is that during the quarter, the company saw a 47% year-on-year growth in order outflow, at Rs 18,365 crore, primarily driven by the power and hydrocarbon upstream sectors, underscoring
Be the first to comment.