| Addressing shareholders at the company's 60th annual general meeting today, L&T Chairman and Managing Director AM Naik said, "Ship-building can become one of the focus areas of the company. L&T is now into production of submarines and small vessels. There is good potential for big ship-building activity across the world. China is also trying to start building ships in a big way." |
| But he said a final decision on this was yet to be taken. "The company is confident of doing good in this area of business, considering its high-calibre engineering skills," Naik said. |
| Alongside, the company will consider the consolidation of its special purpose vehicles (SPVs) through which international projects were executed. |
| L&T has strategised its growth plans""christened Lakshya"" for five years beginning 2005. Under the plan, it targets generating $6 billion in revenues in the next five years. |
| More than 25 per cent of this revenue were expected to be made through the company's international projects, he said. Along with the engineering and construction projects, L&T will bid for strategic sectors like defence aerospace and nuclear. |
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