 "L&T CFO, R Shankar Raman")
Engineering major Larsen & Toubro (L&T) may conclude divestment of its road assets by the end of the current financial year (FY23), R Shankar Raman, the company’s whole-time director and chief financial officer, said in a conversation with Business Standard.
However, L&T’s exit out of Hyderabad Metro and Nabha Power may take around two-three years, he said, as the company is looking for fair valuation of these businesses.
To put things in perspective, L&T had identified sub-scale businesses that it was looking to exit as part of its ‘Lakshya 2026’ strategic plan that was put in place earlier this year.
