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Innovations account for over 40 per cent revenue in FY11

EM NEWS BUREAU ,  Wednesday, May 04, 2011, 15:59 Hrs  [IST]


The switchgear division of Larsen & Toubro saw 41 per cent of its total revenue of Rs.jpg3,674 crore coming from new products in 2010-11. This New Product Intensity (revenue from new products as percentage of total revenue) was substantially higher than the comparable levels of the previous years-33 per cent in FY10, 30 per cent in FY09 and 29 per cent in FY09. L&T's switchgear division reportedly fled for 151 patents in FY11, compared with 128 in FY10 and 108 in FY09.

L&T's energy and automation business portfolio covers a wide range of electrical equipment like medium and low voltage switchgear, controlgear, building electrical, energy metres and medical equipment. The centre has introduced a range of new products and variants of existing control gear, power gear, industrial and building automation.

The market size of the switchgear products is between Rs.jpg10,000 crore and Rs.jpg12,000 crore and 75 per cent of this is in the medium voltage segment (below 36kV) and about 15-20 per cent in the high voltage segment. Regarding L&T's share, it is learnt that about 30 per cent is in the low voltage segment (less than 1kV) and 4-5 per cent in the medium voltage segment (up to 36kV).

L&T exiting E&A business?
Reports suggest that L&T is contemplating sale of its electrical and automation business, which currently accounts for 7 per cent of the company's total revenue. The engineering conglomerate is reportedly in talks with Schneider Electric and Eaton Corporation to this effect. The deal is expected to be in the region of Rs.jpg12,000-14,000 crore.
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