L & T Saga Megalomania in Perspective

Perspective Madan Gopal Jajoo Going by the company's announced plans for using the vast funds raised through the mega issue of debentures, L&T will have in five years' time 70 per cent of its total gross assets in cement manufacture with engineering becoming an appendage Surely, the time has come to consider the L&T saga without the blinkers of the Ambani connection.