MoneyWorks4Me

L&T sells Coimbatore foundry unit to Bradken for Rs 163 crore

05 Mar 2016 Evaluate

Larsen & Toubro (L&T) has sold its foundry unit at Coimbatore to Bradken for Rs 163 crore. The sale of this business is in line with the company’s strategic plan to exit non-core businesses and rationalise its portfolio.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $15 billion in revenue. It operates in over 30 countries worldwide.

Peers
Company Name CMP
Larsen & Toubro 3683.75
Kalpataru Projects 1375.25
NCC 123.50
Rail Vikas Nigam 190.45
KEC International 351.70
View more..