X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
L&T to take up restructuring plan today - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

L&T to take up restructuring plan today

Jan 6, 2000

The board of Larsen and Toubro (L&T) is to take up a comprehensive restructuring plan at a meeting today. Boston Consulting Group (BCG) has drawn up the restructuring plan. L & T is the largest engineering, procurement and construction (EPC) company (58% of total revenues) in India. The company also has major business interests in cement (24% of total revenues, capacity 12 mtpa), and software.

Under the plan, BCG has suggested that the company exit nine of its existing businesses while retaining six core operating areas heavy engineering and construction, cement, electricals/electronics, finance and information technology. The core businesses are to be retained either within the company or as joint ventures. The businesses to be exited are packaging and consumerables, medical equipment and closed shoes. The company has also been advised to exit four joint ventures - Tractor Engineers, L&T- Komatsu, EWAC Alloys and Audco India. The sell off of the businesses is expected to raise Rs 30 bn.

The restructuring move is a step in the right direction, as it will bring a semblance of focus into the company. Moreover, the fresh funds raised would help the company in reducing its debt burden and also stepping up investment in its core areas of business. BCG's suggestion to retain the high growth areas of infotech and finance will ensure that L&T has a presence in these areas.


Equitymaster requests your view! Post a comment on "L&T to take up restructuring plan today". Click here!

  

More Views on News

BSE Sensex Surges 791 Points; INDUSIND BANK Among Top Gainers (Market Updates)

May 23, 2019 | Updated on May 23, 2019

Markets all time high analysis : The BSE Sensex Surged 791 Points; INDUSIND BANK Among Top Gainers. Find the latest update, special reports and news on all time high gainers of BSE Sensex at equitymaster.com.

L&T at All Time High; BSE CAPITAL GOODS Index Up 2.2% (Market Updates)

May 23, 2019 | Updated on May 23, 2019

L&T share price has hit an all time high at Rs 1,498 (up 2.5%). The BSE CAPITAL GOODS Index is up by 2.2%. Among the top gainers in the BSE CAPITAL GOODS Index today are L&T (up 2.5%) and LAKSHMI MACHINE (up 1.6%). The top losers include AIA ENGINEERING (down 0.2%) and FINOLEX CABLES (down 0.5%).

L&T Announces Quarterly Results (4QFY19); Net Profit Up 13.4% (Quarterly Result Update)

May 13, 2019 | Updated on May 13, 2019

For the quarter ended March 2019, L&T has posted a net profit of Rs 39 bn (up 13.4% YoY). Sales on the other hand came in at Rs 449 bn (up 10.5% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T Announces Quarterly Results (3QFY19); Net Profit Up 35.2% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, L&T has posted a net profit of Rs 24 bn (up 35.2% YoY). Sales on the other hand came in at Rs 357 bn (up 24.2% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T 2017-18 Annual Report Analysis (Annual Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

Here's an analysis of the annual report of L&T for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

More Views on News

Most Popular

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Indian Stocks Replicating Amazon's Successful Strategy(The 5 Minute Wrapup)

May 10, 2019

The one critical element that has made Amazon a force to reckon with...

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Indian Steel: The Perfect Multibagger Opportunity(Profit Hunter)

May 17, 2019

A structurally strong Indian Steel Industry will help India achieve 8%+ GDP growth in the coming years.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

L&T SHARE PRICE


May 23, 2019 10:17 AM

TRACK L&T

L&T - SHANGHAI ELEC. COMPARISON

COMPARE L&T WITH

MARKET STATS