 "L&T's K9 Vajra-T guns")
With win of Rs 4,500 crore worth self-propelled (SP) guns order recently, engineering conglomerate Larsen & Toubro (L&T) may be finally scripting its defence story. The current financial year (FY) and the next may prove significant for the company with the expected new defence manufacturing policy, fresh orders and rising defence exports.
“Scenario change over the next five years would be that sizeable number of orders would have been booked and revenues would have started to grow dramatically,” Jayant Patil, Head of Defence and Aerospace, member of Heavy Engineering Board, L&T told Business Standard.
In April, the company signed a
