Will the Rs 102 trillion infra plan boost L&T and other companies?

Analysts, in unison, gave a thumbs up to the latest measure by the government to boost the sagging economy but cautioned that more needed to be done to resolve existing issues

Construction and engineering major Larsen & Toubro (L&T) rallied over 1 per cent on Wednesday and was the top gainer on S&P BSE Sensex, a day after the government unveiled Rs 102 trillion infrastructure plan to boost growth. Other infrastructure players; however, were trading mixed in the trade.

Finance Minister Nirmala Sitharaman on Tuesday launched a National Infrastructure Pipeline (NIP), unveiling projects worth Rs 102 trillion, to boost economic growth and help the economy reach the $5-trillion target by 2024-25. The NIP has identified projects across 23 sectors and 18 states and Union Territories, which will be funded over the