L&T mergers arms to create new IT entity

Infrastructure and engineering major Larsen & Toubro on Friday said it has integrated its IT business L&T Infotech with L&T Integrated Engineering Services to accelerate growth in the technology space.

"L&T believes this restructure will help the company in growing these businesses," the company said in a release.

L&T Infotech has been reorganised as two clusters - industrial and services - and the current L&T Integrated Engineering Services will be rebranded as L&T Technology Services, it added.

"The L&T Technology Services will offer customised engineering services and will also include embedded systems deployed in product and plant electronics and custom firmware for the telecom equipment industry," it said.

L&T Integrated Engineering Services chief executive Keshab Panda will be appointed as the L&T Technology Services chief executive and will be inducted on the board of L&T Infotech.