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L&T Faces Risk Of Missing Full-Year Order Guidance Amid Virus Turmoil
L&T maintains guidance for order inflow at 10-12% and revenue at 12-15% for the financial year ending March 2020.
26 Mar 2020, 11:33 AM IST
India’s largest construction and engineering company faces the risk of missing its full-year order inflow target as crude oil prices plunged and the coronavirus pandemic stalled economic activity.After the third quarter, Larsen & Toubro Ltd. — considered a barometer for private investments—maintained guidance for order inflow at 10-12 percent and revenue at 12-15 percent for the financial year ending March 2020. While the conglomerat...
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