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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 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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