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This is an archive article published on June 9, 2006

L038;T Infotech plans IPO by March 2008

Larsen Toubro's IT arm LT Infotech aims to double its revenues to 350-400 million by 2008, before it expects to enter the capital markets.

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Larsen 038; Toubro8217;s IT arm L038;T Infotech aims to double its revenues to 350-400 million by 2008, before it expects to enter the capital markets.

8220;We aim to tap the capital markets by March 2008. But, we are looking forward to increase our revenues to 350-400 million from present 175-180 million. Our ultimate aim is to become a billion dollar company by end of the decade,8221; L038;T chairman and managing director A.M. Naik said.

 

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