Says it is cautiously optimistic on India's outlook
Project is scheduled to be completed over a period of three and half years
The offer would comprise an offer for sale of up to 1.04 crore equity shares of face value of Rs 2 each by L&T
Company's 12.25 mn share offering attracted 132 mn bids from various investors as per exchange data
Price band for the issue, which would be open for subscription from July 11 to 13, has been fixed at Rs 705-710
Project scheduled to be completed in 48 months
Company's building and factories business won orders worth Rs 1,165 crore
A boost for the Indian firm, which is facing a slowdown in its key West Asia market due to low oil prices
Consolidated gross revenue rises 18% to Rs 33,157 crore, with progress in project implementation
After two years of NDA rule, company continues to view outlook as cautiously optimistic
Improved execution helped company post a growth of 19% net profit
Growth has been led by healthy disbursements in areas like operational projects in renewable energy, roads and retail products