Good News In Recession Period

VADODARA:

Engineering and construction major L&T would recruit nearly 10,000 people over the next three years for executing its various projects, sources in the company said on Friday. The new work force would be deployed for projects like mono rail, power reactors and turbines, they said.

Of these, 5,000 would be recruited for the USD 7- billion group's power equipment manufacturing facility and other units at Hazira, Gujarat, the sources said. L&T plans to invest Rs 4,500 crore in Hazira, where the company has heavy engineering manufacturing units.

L&T expects to generate project export revenue of over Rs 2,000 crore in five years, the sources said.L&T Chairman A M Naik has already announced making Vadodara a hub of power, hydrocarbon and engineering activities of the company, a diversified entity whose operations range from ship building to software.L&T is also ready to undertake execution of nuclear power projects on turnkey basis, the sources said, adding sites of two of the four 700 mw plants have been selected.

http://economictime s.indiatimes. com/News_ by_Industry/ LT_to_recruit_ 10000_in_ three_years/ articleshow/ 4089205.cms

Curtesy: Nilay Parikh [Yahoo Group: Gujarat_IT_Movement]