L&T hopeful of a recovery in the second half
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
As if slowing economic growth wasn’t enough, other factors like pollution, a change of government in a state, and legal challenges to projects are further hurting infrastructure growth.
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.