With more infrastructure investments being planned in the country for the Twelfth Five-Year Plan (2012-17), the company hopes to continue to grow at over 20 per cent during the Plan period, he said.Larsen &Toubro (L&T) sees a huge opportunity in the country's nuclear energy programme.
As one of the very few companies in India with capabilities and competencies to build nuclear reactor components, “we foresee that if India's nuclear programme goes forward, it will give us a good opportunity to manufacture and supply to this industry, just like the thermal power industry,” Mr J.P. Nayak, President – Operations, Larsen & Toubro, told Business Line.
Power plants
L&T is also planning to set up power plants in the country, as this sector too has enormous potential, Mr Nayak said.The Centre has decided to add 20,000 MW every year, in order to close the gap between the requirement and availability of power, and has also invited the private sector to participate in power generation, he said.
“Now, 60,000-MW worth of projects are being executed under the private sector. The rate of addition will be 15,000 MW a year. If this can be sustained for the next 10 years, the power deficiency that exists today can be overcome,” he added.With more infrastructure investments being planned in the country for the Twelfth Five-Year Plan (2012-17), the company hopes to continue to grow at over 20 per cent during the Plan period, he said.
“We will consider any project depending on the type of opportunity, attractiveness of the returns, and our ability, at that point of time, to execute the project,” he added.Mr Nayak pointed out that about 65 per cent of the company's business comes from infrastructure.The huge investment opportunities that the Eleventh and Twelfth Plan periods offer, would also augur well for the Group's infrastructure finance company, he said.
Of the $500-billion investments in infrastructure envisaged for the Eleventh Plan period, 36 per cent — $154 billion — has come through the public-private partnership (PPP) route; PPP investments during the previous plan period were $47 billion.Besides, the Twelfth Five-Year Plan expects 50 per cent of the planned $1-trillion infrastructure investments — $500 billion — from PPP. “All these have to be funded; so, we don't see any limit in the growth potential,” said Mr Nayak.
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