Larsen & Toubro has competitive advantage in large and complex projects: CFO
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Last Updated: Feb 14, 2021, 12:17 PM IST
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The government's bid award process has seen accelerated activity in the past six months and the company expects the programmes laid out in the Budget to see speedier bidding and quicker finalisation of awards for the sector to get the required thrust, the company's Whole-time Director and Chief Financial Officer R Shankar Raman told.
L&T would continue to bid for more large and complex projects to create a projects pipeline, Raman added.
New Delhi: Infrastructure major Larsen & Toubro (L&T) expects the government's increased capex outlay for FY2021-22 would allow the firm to bid for more large and complex projects where it has a competitive technological advantage, a top company official said on Sunday. "The advantage of this large programme would be that it can distribute the capital expenditure programme among several players... Obviously, given the engineering expertise and technological advantage that L&T has, the more complex the project is, the larger the scale is... L&T as a company will have very distinct competitive advantage," the company's Whole-time Director and Chief Financial Officer R Shankar Raman told.