Larsen & Toubro Ltd.

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.