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L&T forms new unit for smart cities; expects business to reach $1 billion mark in three-four years

Larsen & Toubro, India's largest engineering and construction company, has formed a new unit to cater to smart cities, security solutions and communication projects, expecting the business to grow to $1 billion in three to four years, driven by the government's push in these areas. The business unit, named Smart World and Communication, will tap the resources of the conglomerate's various verticals and subsidiaries to offer wholesome solutions in a first-of-its-kind initiative, a company official said."We have put together a small unit with 65 members which includes people from different verticals within the company and some people who have been especially hired for this," SN Subrahmanyan, board member and senior executive vice president (i.....

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