However, the hydrocarbon business that was earlier making losses has turned around and reported revenue growth of 14%. The financial services segment and IT & Technology Services segments reported 11% and 9% revenue growth respectively. L&T said its infrastructure segment achieved customer revenue of ₹12,467 crore for the December quarter, a y-o-y growth of 6%. It said transportation infrastructure and water and effluent treatment businesses contributed to the revenue growth during the quarter. During October-December 2016, the infrastructure segment won fresh orders of ₹21,516 crore despite sluggish investment climate, it said.

Source: The Hindu January 28, 2017 15:56 UTC