Larson and Toubro to retain its medical equipment businessOctober 20th, 2008 - 3:15 pm ICT by IANS
New Delhi, Oct 20 (IANS) Engineering and construction major Larsen and Toubro (L&T) will expand its Mysore-based medical equipment business, it said Monday. “The management has decided to retain the medical equipment business,” president of operations and board member R.N. Mukhija said in a regulatory statement.
“L&T will continue to bring in suitable products in the interest of the nation to provide better healthcare. L&T wishes to reaffirm its commitment for the growth of its business,” Mukhija added.
“In order to cater to the growing market needs, another manufacturing facility will be set up on a recently acquired site close to its existing unit in Mysore,” the company said.
The facility is expected to be ready by the early part of the next financial year.
The statement came after reports that the company would sell its medical equipment business.