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via economictimes.indiatimes.comBusiness & Companies

L&T aims to accelerate IT and engineering arms growth beyond 15%

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Larsen and Toubro is focusing on raising revenue growth in its services arms, LTM and LTTS. Currently, these companies grow at about 10-11 percent per year, which needs to increase. The management highlighted the importance of scaling up their services and accessing new markets.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralGrowth targets for services units of a large Indian group, relevant but ordinary flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01LTM and LTTS currently grow at about 10-11% per year.
  2. 02Management aims to scale services and access new markets.
  3. 03AI-led disruption may help level the playing field among competitors.

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