L&T to maintain 15-17 percent growth forecast

MUMBAI (Reuters) - Larsen & Toubro is not revising its growth forecast for the current fiscal year that ends in March 2014, Chief Financial Officer R. Shankar Raman told reporters on Monday.

L&T, India's largest engineering and construction company, had in May forecast sales growth in the range of 15 to 17 percent for the current fiscal year.

L&T posted a surprise drop in its fiscal first-quarter net profit as a weak domestic economy hit spending on infrastructure projects.

(Reporting by Kaustubh Kulkarni; Editing by Prateek Chatterjee)