Can the growth in L&T Finance by 80% and L&T Infrastructure by 806% be sustained?
L&T Infrastructure (growth rate) was (for) the first year of operation. This growth (rate) cannot be maintained. Many of these activities will show modest growth. We will have to protect these businesses as these are the first to be affected by the slowdown. During the liquidity squeeze cost went up because interest cost went up and second there were no lenders. We have taken a conscious decision to be conservative in building these businesses now. We cannot overexpose and create non-performing assets. You are also entering the nuclear sector now… It is not a new sector for us. It is an opportunity. But we don’t expect orders to come overnight as agreements are still on paper. It is a future business for L&T.
