L&T sees pvt capex revival aiding orders

The growth in capital expenditure (capex) by the private sector, even as the government spurred spending on infrastructure was a positive for companies such as Larsen & Toubro (L&T), its chief financial officer (CFO) R Shankar Raman (pictured) told Business Standard.

- VIVEAT SUSAN PINTO

"We've been seeing a steady uptick in the ordering momentum for a few quarters now," Raman said on the order inflows for L&T.

The October-December period or Q3 of FY23 saw L&T's consolidated order book touch 3.86 trillion, which was an all-time high, growing 14 per cent over the year-ago period.