L&T expects a healthy 25-35% growth for FY10
L&T Ltd, which recorded a healthy growth in order inflows during FY09, is anticipating a strong growth for FY10 as well. In 2008-09, the company bagged several key projects across sectors, both domestic and international, totalling to approximately Rs520 billion.
Compared to the previous year, L&T recorded a year on year growth of 24% FY09. While strengthening its position in the traditional sectors like hydrocarbon and infrastructure, L&T has also won orders from new businesses like power equipment and railways.
Investments made in creating capacities and capabilities in areas with good long term prospects will enable the company to tap more opportunities.The infrastructure and hydrocarbon sectors will continue their contribution to L&T’s order book. Accordingly, L&T anticipates a healthy growth in the range of 25-35% in FY10.