The Big Mo Corner by Mohit Satyanand.
Note: This is about Larsen and Toubro, or L&T.
“Notwithstanding the improved sentiments, the domestic business environment and investment cycle continued to be subdued during the quarter ended June 30, 2014.” Management
Turnover for the consolidated operations of the engineering giant was up 10% over Q1 of FY 2014, from Rs. 17241 cr to Rs. 18975 cr. The largest sector, infrastructure, grew at a robust pace of over 17%, but power, metallurgy and heavy engineering all showed a negative performance. The hydrocarbon . . .