Larsen & Toubro Ltd.

Larsen & Toubro (L&T) has entered into a definitive agreement with ESAB Holdings to sell its entire stake in its wholly-owned arm EWAS Alloys for Rs 522 crore. EWAC Alloys is a wholly-owned subsidiary of Larsen & Toubro. The completion of the sale is subject to customary closing conditions.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue. It operates in over 30 countries worldwide.