"In the next two years, we do bet on India's recovery as compared to last two years from implementation and project announcements point of view," L&T's Chief Financial Officer R. Shankar Raman told BTVi in an interview.
Raman said as a company engaging in large projects, L&T sees a pipeline of opportunities across various states.
He said the mix of large and mid-size orders going in tandem was good for the company and also for the economy, as large orders engage the large companies while smaller size orders could keep cash flow going for smaller contractors.
"It is important that cash flow cycle improves for the liquidity to get better deployed. I do see the mix will continue for some time," he said.
With regard to quality of project execution in infrastructure, he said there is lack of strong filters for pre-qualification.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.