Larsen and Toubro (L&T), in the next financial year is expecting sales growth of around 10% from its electrical and automation (E&A) business. The company is expecting this growth on back of huge demand and improvement in infrastructure and power sectors among others.
The engineering and construction conglomerate’s E&A division's sales stood at Rs 3,850 crore in FY11. It is further eyeing to touch Rs 4,500 crore in the current fiscal. The company has also launched around 10 products including variants at Elecrama-2012.
The company has set a target to introduce at least seven to eight products including variants every year. To introduce new products as well as to expand its manufacturing capacities, the company has allocated a capex of around Rs 100-150 crore every year.
L&T's electrical and automation division is engaged in making switchgear products, switchboards, metering systems, petrol dispensing pumps and medical equipment.