"Growing up, we knew only two companies, L&T and Tata," Anil Manibhai Naik, group chairman of Larsen & Toubro (L&T), said last year. Naik was explaining why L&T was his dream job. The company continues to be the dream destination for many. After all, in India, it is the gold standard in the tough construction-and-engineering business. Any firm in this space showing some sign of success — be it Punj Lloyd, Hindustan Construction
Construction
The hidden cracks in L&T
Synopsis
The construction and engineering giant’s robust balance sheet conceals a vital concern: that its dream run might grind to a halt if it doesn’t address overdependence on domestic contracts and a sluggish order book.
Refer & Earn
ET
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