Home » L&T eyes stake in road projects

L&T eyes stake in road projects

Roads & Highways
December 1, 2011December 1, 2011
L&T eyes stake in road projects
Shares

Larsen & Toubro is scouting to acquire majority stake in road projects worth around Rs 1,000 crore each to boost its portfolio. The subsidiary L&T Infrastructure Development Project (L&T IDPL) plans to acquire 74 per cent in National Highways Authority of India (NHAI) projects being developed by others companies. It would consider projects that do not dilute the company's internal rate of return which is around 18-20 per cent on the current projects.

Leave a Reply