• Sat
  • Oct 25, 2014
  • Updated: 10:49pm

L&T to sell marine business

PUBLISHED : Friday, 05 December, 1997, 12:00am
UPDATED : Friday, 05 December, 1997, 12:00am

Shareholders of India's engineering conglomerate Larsen & Toubro (L&T) have approved the sale of its shipping business, although no potential buyers have been named. L&T owns and operates six Handysize and Handymax-geared bulk carriers with a total capacity of 176,000 deadweight tonnes and a book value of 956 million rupees (about HK$188 million).


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