Will take up to a year before pvt sector opens purse to capex: L&T chief

The firm's MD & CEO, S N Subrahmanyan, says L&T has reached pre-covid levels and aims to become debt free

Despite a slowing economy due to the coronavirus pandemic, Larsen & Toubro, India’s biggest construction company, met analysts’ expectations with its December quarter results. In an interview with Dev Chatterjee and Aditi Divekar, L&T’s MD & CEO, S N Subrahmanyan said the company has already reached pre-Covid level in December quarter and will show a positive growth in the March quarter. Excerpts:

Q) The Indian economy is on the recovery mode after the Corona lockdown. Was L&T impacted by the slowing economy in the December quarter?

A)  L&T has, in fact, done quite well despite the Corona lockdown. Our strong