Larsen & Toubro’s electrical and electronics business division (EBG) is targeting to more than double its turnover to over Rs 8,000 crore by 2015, thanks to vibrant activity in India’s power sector to add over 200,000 Mw of installed capacity by the end of the 12th five-year plan.
Last year, L&T had re-organized its business units under various verticals termed as ‘Operating Companies’ (OCs), with its own internal boards, to spur growth and optimise internal resources. The EBG operating company, one among the eight OCs in the re-organised structure, currently generates a turnover of about Rs 3,500 crore. L&T’s total annual turnover is Rs 35,000 crore.
The plan was to grow organically by a minimum of 15 per cent year on year to reach a target of Rs 8,000 crore. Any revenue from new acquisitions will be over and above this target. L&T hopes to garner a minimum one-fourth of its EBG turnover from overseas operations. Tamco, a switchgear company L&T acquired in
The EBG division offers solutions for the power sector in low and medium voltage categories. The EBG comprises an Electrical and Automation Operating Company, two standalone business units of Medical Equipment and Systems (MED) and the recently divested Petroleum Dispensing Pumps and Systems.
The company is considering a proposal to integrate the EBG division with L&T’s subsidiary, L&T Power, to bring more synergy within the group and leverage internal strengths in power and related sectors. The board of directors is yet to take a decision. crackcrack
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
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