MUMBAI Jan 24 Larsen & Toubro (L&T),
India's top construction and engineering company, is seeing
early signs of a government push on infrastructure spending,
Chief Financial Officer R. Shankar Raman said on Thursday.
Big ticket energy and infrastructure projects in India have
been stalled by a slow approval process, inadequate capital and
low availability of fuel for power projects.
L&T reported a 13 percent rise in net profit to 11.22
billion rupees for the third quarter compared with 9.92 billion
rupees a year earlier. Sales rose 10 percent to 154.29 billion
Analysts expected the company to report a net profit of
10.79 billion rupees on sales of 160.96 billion rupees,
according to Thomson Reuters I/B/E/S.
(Reporting by Kaustubh Kulkarni; Editing by Sunil Nair)