L&T defers shipbuilding expansion

2008-12-05T00:00:00

Larsen and Toubro Ltd (L&T), India's largest private sector engineering and construction firm, has deferred its entry into the commercial shipbuilding business and has also decided to scale back its investment for a new shipyard at Kattupalli near Chennai. Instead, the company is concentrating on ship repair and naval shipbuilding.

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