INTERVIEW – L&T sees rev doubling by 2010, nuclear growth

Construction and engineering firm Larsen & Toubro Ltd. expects to double its annual revenue by 2010 on the back of growth in hydrocarbon and power segments, a senior company official said on Monday.

The company plans to be a big player in the Indian nuclear energy sector, which is expected to grow after the U.S. Congress passed a nuclear cooperation bill last week.

“We’ll grow substantially. As for the company’s turnover, we expect to grow to $7 billion to $8 billion by (March) 2010 from close to $4 billion in 2006,” M.V. Kotwal, senior executive vice president of L&T’s heavy engineering division, told Reuters in an interview. The company’s fiscal year runs from April to March.

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