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Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA


Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation business as the government seeks to ease power shortages in the world’s second fastest-growing major economy.

The company may invest in 1,000 megawatt to 2,000 megawatt power projects in the next “few years” and expand to 5,000 megawatts in the next five years, Chief Financial Officer Y.M. Deosthalee said today in an interview in Mumbai, where the company is based. Larsen, which also expects to win power transmission orders, is hiring people for the business, he said.
Source: Bloomberg



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