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L&T planning to cut debt by Rs 30,000 crore in next financial year: Report

05 Mar 2020 Evaluate

In order to cut its debt by Rs 30,000 crore in the next financial year, Larsen & Toubro (L&T) is reportedly planning to sell its entire stake in L&T Infrastructure Development Projects (IDPL) and Nabha Power, and transferring its stake in Hyderabad Metro to an infrastructure investment trust (InvIT). The company’s plan for the next financial year is to become asset light and reduce debt wherever possible.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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