L&T forays into dredging businessOur Web Bureau / Mumbai May 17, 2006Larsen & Toubro (L&T) has made a foray into the dredging business by acquiring a majority stake in International Seaport Dredging, which is Belgian Dredging International NV's Indian arm.According to an official release issued by L&T to the BSE today, the company has infused equity to acquire a 61% stake in International Seaport Dredging. Dredging International will hold the balance 39%.This follows the shareholders
