L&T, with an immediate expansion plans of Rs 7000 crore is also planning to recruit a lot of people – around 5,000 technical and non-technical people and 1,500 IT people in next 12 months. Also its projects would generate around 13,000 indirect jobs due to the contracts that it would give out.

Our View: It is a good strategy to make acquisitions, improving on your core strengths, making investments for long term benefits when the short term strategy and future is not clear. When the markets were down and unclear L&T was ready for a Rs 7000 crore investment and already has Rs 90,000 in the order books.

Link: http://economictimes.indiatimes.com/articleshow/5431745.cms