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Home arrow News arrow Railway arrow Larsen & Toubro to strengthen its railway business by internal restructuring
Larsen & Toubro to strengthen its railway business by internal restructuring Print E-mail
Written by Krishna Kumar   
Monday, 10 August 2009
Chennai: Larsen & Toubro plans to constitute a new entity within the company, by internal restructuring, in order to cater to the growing opportunities from the railway sector.

The new entity will comprise L&T's existing arms which are currently involved in railway work, including the manufacturing, design and marketing arms.

Mr J.P. Nayak, President (Machinery & Industrial products), L&T, speaking to reporters at CII's Suminfra 2009 - a seminar on infrastructure held here on Thursday, said that the company plans to upgrade its involvement from being a supplier to being a joint venture partner with the railways.  Currently L&T's railway business unit has orders worth Rs 3000 crore from the railways.

So far L&T has been involved in construction of formation, bridges, track, OHE, signalling etc. Last year L&T bagged a 1047.60 crore order to set up a Cast steel wheel manufacturing plant in Saran (Chhapra) District of Bihar with a capacity to manufacture 100,000 Cast Steel Railroad Wheels per annum. L&T is invloved in Engineering, Procurement and Construction of the complete plant including Civil works, Electrical installation, Design, Supply Erection and commissioning of Machinery and Plant.
 
J P Nayak, chairperson of Suminfra 2009 , said that L&T would initially invest Rs 1,500 crore, as opposed to the 2500 crore announced earlier, at its Ennore ship building project, and would try to engage in defence ship-building. He also informed that L&T's super-critical boiler and turbine generator manufacturing facility (JV with Mitsubishi Heavy Industries), was likely to begin operations within the next 6 months.

Last Updated ( Monday, 10 August 2009 )
 
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