Larsen & Toubro sees private capex revival aiding order inflows: CFO

Companies in metals, mining, energy transition, airports and data centres have driven orders from the private sector in recent quarters, says CFO R Shankar Raman

The growth in capital expenditure (capex) by the private sector even as the government spurs spending on infrastructure is a positive for companies such as Larsen & Toubro (L&T), its chief financial officer (CFO) R Shankar Raman told Business Standard.

“We've been seeing a steady uptick in the ordering momentum for a few quarters now," Raman said on the order inflows for L&T.

The October-December period or Q3 of FY23 saw L&T's consolidated order book touch Rs 3.86 trillion, which was an all-time high, growing 14 per cent over the year-ago period.

“At the end of the December quarter of 2022, we were