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INDIA'S L&T TO INVEST US$150 MLN OVERSEAS, SEEKS JV IN CHINA.
MUMBAI, Oct 2 Asia Pulse - Infrastructure major Larsen and Toubro (L&T) (BSE:500510) on Friday said it would invest US$100-150 million over the next 18 months overseas.
"The proposed investment will predominently go to the Middle East and in China," company's chief financial officer Y M Deosthalee said.
He said the company wants to put up a modular fabrication facility in the Middle East and a switchgear manufacturing plant in China. ...
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Source: HighBeam Research, INDIA'S L&T TO INVEST US$150 MLN OVERSEAS, SEEKS JV IN CHINA.