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L&T announces cessation of joint venture company
Oct 6, 2023
Larsen & Toubro Limited (L&T) has disclosed the cessation of its joint venture company, L&T Hydrocarbon Caspian LLC, based in Azerbaijan.
The Ministry of Economy of the Republic of Azerbaijan has approved the application for the voluntary liquidation of the joint venture company of L&T. This development aligns with L&T's strategic decisions and corporate restructuring efforts. The company continues to focus on its core business activities and optimizing its portfolio.
L&T is known for its diverse presence in various sectors, including technology, engineering, construction, and manufacturing. The cessation of the joint venture underlines the company's commitment to adapt to evolving market dynamics and enhance its operational efficiency.
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