Larsen & Toubro (L&T) is mulling to expand its overseas component to 25-30% of its order book by 2014 in order to neutralize over the difficult conditions in the Indian infrastructure sector. At present, overseas orders account for 17% of L&T's order book of Rs 1,45,768 crore.
Further, the company has started looking at CIS (Commonwealth of Independent States) countries and has opened an office in Istanbul to oversee the company's CIS foray. The engineering and construction giant, has gradually been increasing its exposure in the international market and securing orders. From having no presence overseas less than a decade ago, global orders accounted for 7% of L&T's order book in 2004, which have now apparently moved up to 17%.
