Larsen & Toubro, the biggest Indian construction company, is looking for decision making to improve on infrastructure orders. Although the company has witnessed a slowdown in orders, it has a much stronger balance sheet than the peer group. Many of the company's peers have debt that is close to 10 times the profit they make. In case of L&T, this is barely 2.5 times.
In an interview to NDTV profit, R Shankar Raman, group chief financial officer at L&T said that the order flow is going to remain flat in the second half of the year unless the policy makers enable investment momentum.
“Last 12-18 months have been challenging for the industry. Now we expect to see improvement in some segments in the second half of 2012-13,” he said.
Below is the interview. Don't miss the accompanying video.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
