Larsen & Toubro's standalone market capitalisation will touch Rs 3 lakh crore and revenue will reach Rs 2 lakh crore in five years as strategic initiatives like L&T NxT have helped in making giant strides, Group Chairman A M Naik said. The recently launched L&T-NxT initiative is a technology platform that focusses on artificial intelligence, internet of things (IoT), virtual reality, augmented reality, geospatial solutions as well as cybersecurity. The USD 20 billion diversified L&T Group has a market cap of about Rs 2.5 lakh crore at present. "Five years from now, I expect L&T standalone market cap to be in the range of Rs 3 lakh crore from the present about Rs 2 lakh crore... L&T's revenue will then touch Rs 2 lakh crore from the present about Rs 1.4 lakh crore," Naik told PTI in an exclusive interview. According to him, when he took over as L&T CEO, the combined market cap was around Rs 2,000 crore and it has now surged to Rs 2.5 lakh crore. He joined ...
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Tuesday, May 21, 2019
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