On the back of low growth and severe competition from local low-cost producers, engineering major Larsen & Toubro (L&T) is all set to close down its switchgear unit in China. The company is awaiting Chinese government clearance for the same.
L&T, through Larsen & Toubro (Wuxi) Electric Company (LTW), a wholly-owned subsidiary of L&T International FZE, Sharjah, had entered into switchgear segment in 2006 by establishing a factory at Wuxi in Jiangsu province.
LTW was Larsen & Toubro’s first manufacturing facility in the electrical sector outside India which manufactures air circuit breakers (ACB) and moulded case circuit breakers (MCCB). The factory is equipped with manufacturing facilities, quality control and testing equipment.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3973.60 |
| Rail Vikas Nigam | 305.00 |
| NCC | 169.85 |
| KEC International | 598.10 |
| Kalpataru Projects | 1274.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: