Making Adjustments to Deal with West Asian Crisis, Says L&T CFO

economictimes.indiatimes.com:

engineering major Larsen & Toubro (L&T) hit a two-month low of Rs 3,290, falling 6% on the BSE on Thursday after the company cut its margin guidance. However, the company is not only bullish on its engineering, procurement, and construction business, but also green energy. R Shankar Raman, president, whole-time director & CFO, L&T, tells Kalpana Pathak, the company will build its own green ammonia plant at Deendayal Port, Kandla, Gujarat. Edited excerpts:

The street has given a thumbs down to L&T's earnings. Comment.

Empower Your Corporate Journey with Strategic Skill Courses

It's very important for businesses to have a very strong balance sheet and that is what we are focusing on. I think what the markets will hopefully understand once they get over this initial fixation on the margin declining is that the health of the business has improved and continues to improve. There's a difference between being profitable and being sustainable. Very clearly, we have moved towards being sustainable for 85 years and counting. I think we need to set the course for another hundred years of this company.

So, is L&T's green hydrogen and ammonia plans towards this growth? In addition to GH4India and electrolyser manufacturing, you have won land parcels at the Kandla port also. Comment.

We'll have to solve the economics of energy transition. Now,