Investments dependent on policies will pause until poll results: L&T CFO

"International funds are available for infrastructure, and there is a benefit in terms of an electoral bias"

Larsen & Toubro (L&T) will consider a share buyback once every few years, says R SHANKAR RAMAN, whole-time director and chief financial officer for L&T, in an interview with Amritha Pillay. He expects policy-dependent private capital expenditure (capex) to hit pause and wait to watch for the general election results. Public capex, he says, currently benefits from an electoral bias. Edited excerpts.

L&T reported a strong 2023-24 first-quarter (Q1) performance. What major tailwinds are you witnessing in order wins?
 

There is some effort from both the state and central governments. I am not sure how much of that is political