LARSEN & TOUBRO LTD.

LARSEN & TOUBRO LTD. - Updates

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03 Oct 2015
Larsen & Toubro Ltd has informed BSE that L&T Shipbuilding Limited has entered into a non-binding Memorandum of Understanding with Adani Ports (Adani) for evaluating the operations of the port at Kattupalli, Tamil Nadu, with effect from October 01, 2015 for a period of one month. The definitive agreements would be entered into later. While all non-operating revenues and expenses will be to L&T Shipbuilding Limiteds account, Adani shall be responsible for EBIDTA gains and losses arising from the Port operation for this period.<BR><BR>The shipyard will continue to be managed and operated by L&T Shipbuilding Limited.<BR>
View all announcements for LARSEN & TOUBRO LTD.	Source: BSE India

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