L&T to invest $100-150mn in Middle-East, China

Larsen and Toubro (L&T) proposes to invest $100-150 million overseas, predominantly in the Middle-East and China over the next 18 months.
    
The company will set up a fabrication plant in the Middle-East and it is looking for a Chinese joint venture partner for rubber processing, Y Deosthalee, CFO of L&T, said. 

The company is also exploring the possibility of setting up another manufacturing centre overseas, he added.