War in West Asia was a cloud over L&T. The company has come out shining
Mumbai, Oct. 27 -- Infrastructure giant Larsen & Toubro Ltd shrugged off geopolitical headwinds to report record order flows in the September quarter, calming concerns over shocks from the West Asia conflict.
Escalations such as the Houthi militia attacks in West Asia, L&T's most important geography outside India, have not had a significant effect on project execution, said Subramanian Sarma, L&T's deputy managing director & president. Employees were safe and work continued at its project sites, he said at a post-earnings media call on Tuesday.
However, L&T was not unscathed by the war either-delays in material shipments to the region lengthened project execution timelines and costs for India's largest infrastructure player. This reflec...
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