Larsen & Toubro (L&T) announced the sale of its 100% stake in L&T Infrastructure Engineering Ltd (LTIEL), an independent solutions provider.
engineering consultancy services for infrastructure sector in India. The stake was acquired by STUP Consultants Private Limited, a subsidiary of Assystem SA of France. This transaction is part of Larsen & Toubro’s commitment to focus on its core activities and resources. LTIEL, formerly known as L&T-Ramboll Consulting Engineers Limited, provides engineering consultancy services to the infrastructure sector in India. LTIEL’s revenue for FY23 was Rs.92 crore.
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