 "Larsen & Toubro, L&T")
After the divestment of Infrastructure Development Projects (IDPL), engineering major Larsen & Toubro (L&T) is looking at offloading Nabha Power in Punjab to potential buyers, as well as paring its stake in Hyderabad Metro to 26 per cent. Both Nabha Power and Hyderabad Metro are subsidiaries of L&T.
The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T.
The company’s Lakshya 2026 roadmap had identified sub-scale businesses that the company needed to exit, and suggested concentrating its attention on high-tech manufacturing, construction
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