L&T BSE Code: 500510 CMP: ₹1218.25

Dalal Street Investment Journal - - KERBSIDE -

An en­gi­neer­ing gi­ant that holds al­most 3.8% weigh­tage in the bench­mark in­dex Nifty is in talks to sell its non-core busi­ness of elec­tric and au­to­ma­tion divi­sion for a con­sid­er­a­tion of ₹15000-17000 core. Sch­nei­der Elec­tric SE and its con­sor­tium part­ner Te­masek is ne­go­ti­at­ing for the same. L&T’S elec­tric and au­to­ma­tion busi­ness ac­counts for 4% of the to­tal or­der in­flow worth ₹5818 crore while the or­der book of 1% worth ₹2741 crore as at March 2017. More­over, the seg­ment gen­er­ated 4% of the to­tal rev­enue in FY17 ac­count­ing to ₹4969 crore. With this the com­pany is ex­pected to fo­cus on its core busi­nesses ma­jorly of in­fra­struc­ture, power and en­gi­neer­ing.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.