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L&T to split development projects business into 3 verticals

27 Aug 2010 Evaluate

Engineering & construction behemoth Larsen & Toubro will rework the existing structure of its infrastructure development division to have three verticals - infrastructure, power development, and realty. With the increase in the number and maturity of concessions in its fold, the company is in the process of restructuring them into independent verticals.

L&T Infrastructure Development Projects (L&TIDPL) currently manages all of the company’s road & bridge, port and real estate projects.

Out of L&TIDPL’s major roads & bridges, seven are operational and four under construction & development. Also out of two ports, one operational and the other under implementation. Post-restructuring, L&T’s Hyderabad Metro Rail Project will also be under the infrastructure vertical in addition to roads and ports. L&T in August bagged the `12,132 crore project.

L&T’s realty projects fall under L&T Urban Infrastructure (L&TUIL), which is a subsidiary of L&TIDPL. Among the major realty special purpose vehicles (SPVs), five have been commissioned and five yet to be completed. L&TUIL has both commercial & residential projects and a special economic zone. It has so far developed 3 million sq. ft. of residential space.

In the power segment, L&T recently got into power generation. Last fiscal, it bagged two power projects, a 1,320 mw thermal plant at Rajpura in Punjab and the 149 mw Sach-Khas hydel project in Himachal Pradesh. L&T is also preparing the detailed project report for a 60 mw hydro plant in Arunachal Pradesh. All these projects are developed by L&T Power Development, while L&T Uttaranchal Hydropower, another subsidiary of L&T’s, is executing a 99 mw project in the state.

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Larsen & Toubro Share Price

4050.00 -44.95 (-1.10%)
20-Apr-2026 16:59 View Price Chart
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Company Name CMP
Larsen & Toubro 4050.00
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