Defence Industry May See Spectacular Growth After 2019 General Elections, Says L&T’s Jayant Patil


Jayant D Patil spearheaded L&T’s foray into the defence industry in 1986, at a time few other private companies saw any promise in the heavily regulated industry. Patil, who joined the infrastructure heavy weight straight after passing out from IIT Mumbai in 1978, developed long-term relationships with the DRDO, and the Navy, among other defence establishments.

The early start is now helping the engineering giant.  In 13 years since its debut in the market, L&T has become the largest private defence company in the country, and is bigger than most of the government-owned defence enterprises.

In an exclusive interview with Moneycontrol, Patil – Member of the Board & Whole-Time Director (Defence Business) at L&T – says that defence is one of the fastest growing businesses in the company.

To reflect the growing importance of the vertical, the defence business is now an ‘independent company.’ And starting from this financial year, L&T will report the defence segment as a separate entity within its core businesses. Read More…

You may also read!

Arms, Ammunition Found Near LoC In Jammu And Kashmir

A huge cache of arms and ammunition was found on Thursday during a search operation by the Army near

Read More...

Why India Shouldn’t Let Pakistan Lose Another War

It may have looked moth-eaten to its founder Mohammad Ali Jinnah, but Pakistan was anything but that at the

Read More...

Vistara Starts Special Flights To Trivandrum

Vistara airline has started special flights from Trivandrum to evacuate passengers stranded in Kerala due to heavy rains. Vistara

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu