rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
LARSEN and TOUBRO LTD. - Clarifies on News item
< Back
03 Apr 2014
With reference to the news item appearing in the newspaper titled &quot;LandT may Write Off Rs. 15k cr Worth Slow-Moving Orders&quot;, Larsen and Toubro Ltd has Clarified to BSE as under:&lt;br/&gt;&lt;br/&gt;&quot;the Company evaluates its order book on a regular basis. The slow moving orders in that process may be removed to enable carry forward of healthy backlog of orders. There is no negotiation with the clients for this process. Removal of such orders has no impact on revenue. The new orders which the Company has received has compensated for any such removal of orders. The Company as part of its communication to the press in January 2014 during the announcement of results had disclosed this aspect.&lt;br/&gt;&lt;br/&gt;We wish to also confirm that we are not aware of any information other than what is publicly available which might have affected the share price movement as indicated by you today.&quot;
View all announcements for LARSEN and TOUBRO LTD. Source: BSE India