Raman said that the company plans to divest its stake in L&T Infrastructure Development Projects (IDPL) by the end of the fiscal. Raman told the media in Mumbai that L&T IDPL has been a major player in public private partnership (PPP) projects space with interests in roads and bridges, ports, metro rail and emerging sectors such as transmission lines, water and railways. At the moment diluting stake in IDPL is the main focus. L&T needs to close the transaction that is the company's stated objective. The company's aim is to complete the transaction by the end of the year, he added.