L&T to expand operations in China
After commissioning its $11 million switch gear manufacturing facility in China, construction major Larsen & Toubro is all set to start operations at its other two plants in the neighbouring country by the end of this quarter.
By PTI |
COIMBATORE: After commissioning its $11 million switch gear manufacturing facility in China, construction major Larsen & Toubro is all set to start operations at its other two plants in the neighbouring country by the end of this quarter.
"The company has already commissioned its switchgear manufacturing facility in Wuxi province of China while its plans to start operations at its valve and tyre manufacturing equipment facilities sometime during the present quarter," L&T President Operations (electrical business group) R N Mukhija told reporters.
He said including three manufacturing facilities, L&T operates five broad businesses in China including sourcing raw materials and supplying coal gasification equipment.
"We are supplying coal gasification equipment to China and have already supplied machines worth Rs 300 crore," Mukhija said.
The electrical business contributes 10-11 per cent to L&T's overall revenues.
L&T has presence in 52 business areas including software, infrastructure development and finance.
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