India’s leading construction company, Larsen and Toubro is aiming to generate more revenues from abroad in order to compensate for a slowdown in the Indian economy, according to the firm's chief financial officer, R. Shankar Raman.
The company had earlier reduced its order growth guidance for the current financial year due to concerns over project deferrals and low investor appetite, due to high interest rates in India. The company is now planning to increase its revenue share from overseas projects to 15-20% from 10-12%, according to Mr. Raman.
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