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L&T may spin off hydrocarbon business
August 13, 2013August 13, 2013by In ECONOMY & POLICY

L&T may spin off hydrocarbon business

Larsen & Toubro Hydrocarbon Engineering (LTHEL), which is a wholly-owned subsidiary of Larsen & Toubro (L&T), may be spun off as a separate subsidiary. L&T is seeking shareholders' approval to spin off the subsidiary, which is engaged in designing, engineering, procurement and construction solutions on turnkey basis for oil and gas, petroleum refining, chemicals, petrochemicals and fertiliser sectors and pipelines, among othe