In its bid to dispose of its non-core business operations, India’s largest engineering firm, Larsen And Toubro Ltd. (L&T) is in the process of selling its fuel dispenser business (which rolls out meter reading machines at fuel stations) to the world’s leading producer of gas pumps and other fuel industry hardware along with point of sale systems to Gilbarco Veeder-Root, for approximately US$ 50 million, reports Live Mint exclusively.
For full story click here : L&T to exit fuel dispenser biz, Gilbarco Veeder-Root likley to buy it
Thursday, July 9, 2009
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