L&T intends to play a prominent role in fostering collaboration within the hydrogen industry and enabling accelerated transition to sustainable energy sources, , larsen and toubro
Larsen And Toubro: L&T has approved an investment of Rs 830 crore to set up a wholly-owned subsidiary that will be engaged in the business of fabless semiconductor chip design and product ownership and not manufacturing, said L&T chief financial officer, R Shankar Raman.
Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 404787.91 Crore) operating in Construction sector.
Larsen and Toubro (L&T), a major engineering firm, is venturing into fabless semiconductor chip design, emulating other Indian conglomerates like Vedanta and Tata Group. L&T will invest Rs 830 crore through a wholly-owned subsidiary dedicated to chip design for the automotive and industrial sectors. L&T s CFO, R Shankar Raman, reveals the company s strategic shift towards seeking alternative business opportunities for the future