“Recovery is ‘delayed’ and not ‘derailed,” says AM Naik, Group Chairman, L&T | AGM

| Updated: August 5, 2021 6:47 pm

Today, L&T held its Annual General Meeting where Mr. A.M. Naik, L&T’s Group Chairman’s made a keynote address. Here are the key highlights:

  • “Given the scale of India’s infrastructure deficit, we remain optimistic about the Government’s intent to complete the projects as envisaged in the National Infrastructure Pipeline”
  • “It gives me great pleasure to inform you that the Board of Directors has recommended a final dividend of ₹18 per share for the year FY21. This is in addition to the ₹ 18 per share of special dividend declared earlier during the year.”
  • “The outlook for FY 2021-22 is one of cautious optimism, with the country’s GDP regaining positive territory thanks to the base effect in the first half, followed by robust growth in the second. We, therefore, believe the recovery is ‘delayed’ and not ‘derailed’.

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