AM Naik, Chairman, Larsen & Toubro (L&T), feels the nuke deal stands to benefit Indian power companies. “The opportunity to the Indian industry is the order of magnitude of about Rs 2.5-3 lakh crore. When you divide that by 12-15 years, we are basically talking about Rs 15,000-20,000 crore per year. Of that, L&T is targeting roughly 25-30% of it per year. Let us say, Rs 3,000 crore roughly per year and more,” he says.
Source: MoneyControl
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AM Naik, Chairman, Larsen & Toubro (L&T), feels the nuke deal stands to benefit Indian power companies. “The opportunity to the Indian industry is the order of magnitude of about Rs 2.5-3 lakh crore. When you divide that by 12-15 years, we are basically talking about Rs 15,000-20,000 crore per year. Of that, L&T is targeting roughly 25-30% of it per year. Let us say, Rs 3,000 crore roughly per year and more,” he says.
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