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L&T: Red flags
Jan 05:
A few red flags have been raised against L&T which the company management needs to take heed of.
8Attrition rates are rising, going up from 10% four years ago to 18% currently, and employee morale is being impacted adversely. Labour strikes are becoming common
8L&T's fatality rate remains high
8There is a massive increase in unbilled revenues
8It is involved in the production of nuclear weapons and cluster munitions. Such products are opposed by arms control advocates and this may eventually hurt the company's interest
8Corruption cases can hurt the company. It has been banned by the World Bank for submitting forged certificates while the US Justice Department is investigating a foreign contract where L&T allegedly paid bribes.
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8Attrition rates are rising, going up from 10% four years ago to 18% currently, and employee morale is being impacted adversely. Labour strikes are becoming common
8L&T's fatality rate remains high
8There is a massive increase in unbilled revenues
8It is involved in the production of nuclear weapons and cluster munitions. Such products are opposed by arms control advocates and this may eventually hurt the company's interest
8Corruption cases can hurt the company. It has been banned by the World Bank for submitting forged certificates while the US Justice Department is investigating a foreign contract where L&T allegedly paid bribes.
Click on Reports for more
