Larson Toubro
Country's engineering and construction giant, Larsen & Toubro, in a recent move has sought approval from the Foreign Investment Promotion Board for a FDI proposal to enable it to infuse Rs 2,000cr into its infrastructure projects as the player is currently negotiating with a large global investors for the proposed acquisition of a stake in L&T Infrastructure Development Projects, claimed official sources, adding that the global investor is looking to infuse the amount in two equal tranches, which required nod from the appropriate authority.

The deal, in question is subject to due-diligence processes, agreement on governance, regulatory and authority approvals and market conditions. L&T IDPL owns and is to operate the Hyderabad metro rail; the project cost is Rs 16,400cr and it is expected to start operations in 2015. It also has around 50% stake in the Dhamra port project in Odisha, which it is operating, besides owning highways projects, 10 of them are currently operational and nine under implementation. In an attempt to further boost its funding flow it is considering monetizing its infrastructure business.