Larsen & Toubro (L&T), the infrastructure and construction major plans to
foray into power generation.
L&T is looking out for strategic stakes of up to 26 per cent in private power
projects. It may also set up plants with a capacity of 660 MW preferably
coal-based with an initial investment of Rs 1,200 crore.
Till now, the company was only involved in making and supplying power
equipment, but now it wants to produce electricity in India.
Also See:
L&T signs MoU
with Atomstroyexport for nuclear power reactors (15-Apr-09)