Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

L&T stops disclosing order size amid intense competition

Infra News - Published on Wed, 20 Feb 2019

Image Source: The Economic Times
Larsen & Toubro has changed its practice of disclosing order details to keep competitors from gauging its pricing strategy - a development that is a statement to the intensity of competition in the sector. L&T, the bellwether for the construction and engineering sector in India, is closely tracked by shareholders, analysts and competitors and is often seen as a proxy for India’s infrastructure growth story. But with competition heating up at a time when the total order pie has already shrunk, the industry leader has taken a break from its tradition of giving details of order wins, and is instead only giving a broad range of the order size.

In a email response to ET’s query, L&T said, “L&T has revised its new order disclosure format to protect its competitive interests. We will continue to guide our stakeholders by providing order value range.”

For years, L&T has been periodically announcing its orders. In most cases, it gives details of the customer and the exact financial consideration for the job won, unless there is a confidentiality agreement or the job is sensitive in nature. The company has now decided to only give a price range.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
Related News from Infra segment