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).


Share

 

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

L&T to sell marine business

Enter multiple addresses separated by commas(,)

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive