Larsen & Toubro (L&T), India’s top engineering and construction company, is expecting 20 per cent annual growth in its electrical and automation (E&A) business over the next five years. The revenue from the business is about Rs 3,850 crore, which the company wants to increase to about Rs 8,000 crore by 2015. The E&A business, one of the nine independent verticals of the $11.7-billion company, has five manufacturing units in India and six abroad.
For its growth plans, the company is betting big on the Restructured Accelerated Power Development and Reform Programme (R-APDRP). Under the initiative, the government wants to reduce aggregate technical and commercial loss from 30 per cent to 15 per cent. An information technology overlink is created for all states under this project
Meanwhile, the company secured orders worth Rs 110.31 crore from the West Bengal State Electricity Distribution Company (WBSEDCL) for supplying energy meters. It will supply 12,60000 single-phase energy meters to WBSEDCL between this month and May 2012.crackcrack