Larsen & Toubro (L&T) will restructure
the engineering construction and contracts division (ECC) into four registered
entities in 2-3 years starting from 1 July 2008.
The ECC will be divided into four
separate entities; building and factories division, infrastructure, power
transmission and distribution and metallurgical materials handling and water.
ECC will initially be the holding company for the four subsidiaries and L&T
might subsequently become the holding company. The divisions will then be called
L&T Infrastructure, L&T Power Transmission and so on.
The functional restructuring is likely
to be complete by end 2008.