2023 to be a challenging year due to Covid recurrence, says L&T CEO

Soaring price of oil, gas and other commodities, however, a concern, Subrahmanyan says

The world would have to brace for a challenging year in 2023 due to the latest spurt in Covid-19 cases in several countries, warned S N Subrahmanyan, CEO & MD of Larsen & Toubro, in his New Year address to employees on Monday.
 
In a townhall at the Powai headquarters of the engineering major, Subrahmanyan, 62, said the government’s proactive approach towards infrastructure augured well for the nation. The initiative comes despite soaring prices of oil, gas, and other commodities, which are a concern for businesses, as supply chains remain disrupted due to the Russia-Ukraine war, he said.