 "IDPL’s interest in this project, irrespective of whether it wins or not, makes for many firsts at the engineering conglomerate")
L&T Infrastructure Development Projects’ (IDPL’s) interest in insolvent Jaypee Infratech’s assets could be an early indication of a change in its strategy, one different from its parent, Larsen & Toubro (L&T).
Most analysts attribute this to the presence of Canada Pension Plan Investment Board (CPPIB) on L&T IDPL's board of directors. They expect this to be more evident in the coming quarters.
Jaypee Infratech recently said it had got insolvency resolution offers from L&T IDPL and four others.
IDPL is not interested in the entire company but has given a proposal for Jaypee’s Yamuna Expressway project, without the real estate portfolio.
IDPL’s interest in
