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Engineering and Construction Majors in India Focusing on Extracting Maximum Opportunities from Smart City Projects

News

Larsen & Toubro, India's largest engineering and construction company, has formed a new unit to cater to smart cities, security solutions and communication projects, expecting the business to grow to $1 billion in three to four years, driven by the government's push in these areas.

Source – ET

SNP Insights

The Engineering and Construction majors like L&T have started initiative of setting up new units to leverage the opportunities in upcoming Smart cities project. These companies may see massive opportunities in large scale constructions projects, optic cable fibre laying, IT and communications. The idea behind this initiative may help the EPC companies to be more focused and hence capture the major share of opportunity in the segment.

Source – SNP Infra Research