How L&T fared in a year after S N Subrahmanyan took charge as MD & CEO

In May, L&T agreed to sell its E&A division to Schneider Electric for Rs 140 billion

The beginning of October marked the completion of one year since engineering conglomerate Larsen & Toubro (L&T) saw its top man A M Naik step down from an executive to non-executive role. It is also a little more than a year since S N Subrahmanyan took charge as the group’s managing director and chief executive officer. In this period, there have been a handful of significant developments while a lot remains unchanged.
 
Officials working with the firm as well as analysts tracking the company agree there have been small changes and some noteworthy developments. “There is definitely a change