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8 Sept 2008

Reason for Larsen and Toubro breakout

1. Larsen and Toubro has given a breakout today and same can be attributed to Nuclear supply group waiver.

2.  India is now in a league to which only a few have made and 4x 700 MV projects  are in offing which are likely to get an investment to the tune of Rs 240,000 crore spread over 10 years.



3.  Larsen and Toubro is bound to get close to 25% of the Rs 24,000 crore orders that will be genearted each year.

4.  L&T is the only company that makes nuclear reactors and has near turnkey capabilities, and thus it is already in a position of advantage. The company spokesman suggests that it is considering  manufacturing  light water reactors and core equipment.

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