Finance News

L&T sees 35 percent growth in 2008/09

MUMBAI (Reuters) - India's Larsen & Toubro Ltd expects to continue to grow at 35 percent in 2008/09 Chairman A.M. Naik said on Thursday.

The company, India's top engineering and construction firm, sees its order book at more than 600 billion rupees ($14 billion) by March 2009, he said.

Its engineering and construction order book stood at 509.3 billion rupees at end March, it said, after it posted a better-than-expected 38 percent rise in quarterly net profit to 9.67 billion rupees ($226 million).

($1 = 42.8 rupees)