Stalled projects worth Rs 496.20 billion a worry for Larsen & Toubro

Since 2013-14, the company has classified orders totalling Rs 496.20 billion as slow moving or non-moving

When engineering conglomerate Larsen & Toubro (L&T) said on Monday that Rs 160 billion worth of orders for 2017-18 were “non-moving”, this was not the first time the company classified some of its orders under this category.  Since 2013-14, L&T has classified orders totalling Rs 496.20 billion as “slow moving” or “non-moving”.

In May 2017, the company had said about Rs 180 billion worth of orders for financial year 2016-17 had been classified as slow moving. With an order book of Rs 2.63 trillion, these slow-moving orders may not impact L&T significantly, even as industry analysts say this is indicative of