L&T sees 25-35 percent growth in order inflowsApril 16th, 2009 - 3:00 pm ICT by IANS
New Delhi, April 16 (IANS) Indian construction major Larsen and Toubro (L&T) is bullish about its future and anticipates a healthy growth rate of 25 to 35 percent in order inflows in the current financial year, the company said Thursday.
In the fiscal ended March 31, 2009, the company received orders worth Rs.52,000 crore, recording a growth of 24 percent over the previous fiscal, the company said in a regulatory statement.
“L&T anticipates healthy growth in its order inflows in the range of 25-35 percent in FY 2009-10 even in this challenging environment,” it said.
It said it has been investing in creation of capacities in areas that have good long-term prospects for value creation including power equipment and railways.
Further, the infrastructure and hydrocarbon sectors are expected to continue their contribution to the order book, the statement added.