S N Subrahmanyan

Soaring price of oil, gas and other commodities, however, a concern, Subrahmanyan says

In a Q&A, S N Subrahmanyan says he is confident of margins through overhead recovery despite high input costs

Africa could be the next century's economic growth engine, and Larsen & Toubro hopes to be a part of its journey, L&T chief executive and managing director S N Subrahmanyan said on Tuesday. He was addressing a session on Reimagining Resilient Africa during FICCI LEADS 2020 event. "Africa could be the next century's economic growth engine...We hope to be a part of the ecosystem of Africa. Make India proud and Africa proud," Subrahmanyan said. Africa would require new investment to the tune of USD 25-30 billion in the next decade to meet its requirement, as per a Ficci statement. "This is an absolute necessity, and it will come into play not only via physical infrastructure, including health centres, hospitals, better medical facilities but also through digital health connect. L&T will do whatever required to develop the African continent," Subrahmanyan said. R V Kanoria, former Ficci president, said Africa could be the answer to the food security needs of the world. Africa .

The company's business is broadly divided into three baskets - engineering, procurement and construction (EPC) projects, manufacturing and defence, and services

In May, L&T agreed to sell its E&A division to Schneider Electric for Rs 140 billion

Subrahmanyan, who will take charge as L&T's CEO and MD is not expecting any drastic change at L&T

Interview with Deputy Managing Director and President, Larsen & Toubro

A M Naik has been grooming Subrahmanyan for the top job when he retires as executive chairman of the industrial group