The festive season has begun on a positive note. Larsen & Toubro (L&T) was not only named the ‘Largest & Most Profitable Construction Company’, its SPV, L&T Metro Rail’s Managing Director KVB Reddy was also named ‘Construction World Person of the Year (Private Sector)’ at the 18th Construction World Annual Awards, and it emerged the lowest bidder at Rs 249.85 billion for the design and construction of 237-km length of viaduct for the 508-km Mumbai-Ahmedabad bullet train project
BEML LIMITED, a Schedule ‘A’ Company under Ministry of Defence, Govt. of India, received the prestigious ‘8TH ANNUAL EQUIPMENT INDIA AWARDS 2020’ in ‘Best Seller in Crawler Dozers’ & ‘Best Seller in Rigid Dump Truck’ categories at a virtual ceremony held on 15th Oct 2020.
It is true that the impact of COVID-19 impact on India Inc in FY2020 was only for a few days – the last two weeks of March. But many would agree that the Indian economy was already in trouble and COVID-19 only exposed the fault lines.