L&T may sell some power, road projects: A M Naik

Naik said the businesses that were generating less Rs 1,000 crore in revenue would be sold off

Engineering major Larsen & Toubro (L&T) is likely to divest some of its road and power projects as it focuses on its core business. These projects generate revenues of less than Rs 1,000 crore, and many of them make losses. 

In an interview with Business Standard, L&T Group Executive Chairman A M Naik said the company was open to selling its loss-making power and road projects. He, however, did not specify the projects, or if other businesses might also face the axe. 

L&T’s portfolio includes 15 road projects, with project cost of Rs 16,100 crore and two power projects with