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Shankar added he expects the government to improve on the Rs 11.11 lakh crore capex for the infrastructure segment once it returns to power.
L&T Q3 earnings: Improved execution of infrastructure projects and growth in information technology and technology services portfolio gave a boost to numbers
The engineering major expects its revenue to grow in the high teen percent and order intake growth at 20 percent in the current financial year.
The BSE IT index has dropped 3 per cent in the last five days against a 1 per cent drop for the Sensex, with Infosys Ltd (down 4 per cent), Wipro Ltd (down 3.49 per cent), TCS (3.17 per cent), Tech Mahindra Ltd (down 2 per cent), HCL Technologies Ltd (down 2 per cent).