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L&T India, the engineering and construction conglomerate, will restructure the group into 9 business verticals that will act as independent companies with internal boards in its bid to be more competitive and offer a planned transition to senior management.
This is the second recast in 12 years at L&T, which earns around 80% of its revenue from engineering and construction, and has aggressively invested in new sectors ranging from shipbuilding to power equipment manufacturing.
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