Friday 5 October 2007

L&T PPL

Larsen and Toubro (L&T), the largest engineering company in India has floated a new arm, L&T Power Projects (L&T PPL)

L&T Power Projects (L&T PPL), a new venture of Larsen and Toubro (L&T), the largest engineering company in India was launched recently. This allows them to foray into the booming Power generation business. This is a JV between L&T PPL and Japanese electrical giant Toshiba shortly for setting up a turbine manufacturing facility.

L&T closed at Rs3090 today which about 6.7% higher from yesterday’s closing price.

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