India’s L&T hit by Covid-19 disruption

The ongoing Covid-19 pandemic and a series of lockdowns to contain its spread have taken a heavy toll on the bottom line of the engineering conglomerate Larsen & Toubro. For the April-June quarter the company’s net profit was down 68% to 5.36 billion rupees (US$72 million), as against 16.97 billion rupees ($227 million) in the […]