According to a press release, L&T Infrastructure Development Projects Limited, a subsidiary owned 51 per cent by Larsen & Toubro Limited (L&T) and 49 per cent by Canada Pension Plan Investment Board (CPP Investments), boasts a portfolio comprising seven operating roads and one po
With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T's strategy of reducing its exposure to the non-core asset-heavy developmental projects portfolio, according to a statement from Larsen and Toubro.