{"id":348325,"date":"2020-04-27T09:38:26","date_gmt":"2020-04-27T04:08:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348325"},"modified":"2020-04-27T09:41:38","modified_gmt":"2020-04-27T04:11:38","slug":"lt-defers-salary-appraisals-over-rs-12000-cr-billing-loss-since-lockdown","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-defers-salary-appraisals-over-rs-12000-cr-billing-loss-since-lockdown\/","title":{"rendered":"L&amp;T defers salary appraisals over Rs 12,000 cr billing loss since lockdown"},"content":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) has lost Rs 12,000 crore worth billing due to the nationwide lockdown, the company\u2019s top management told employees in a webinar this week. While, the company looks to defer monetary appraisals, analysts raise concerns over June quarter performance. <\/p>\n<p>According to people in the know, S N Subrahmanyan, L&amp;T managing director and chief executive officer(CEO) pegged the billing loss at Rs 12,000 crore, in a webinar with employees. Sources say the top boss added in anticipation of weakness in Middle East orders, L&amp;T will focus on orders from African markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering conglomerate Larsen &amp; Toubro (L&amp;T) has lost Rs 12,000 crore worth billing due to the nationwide lockdown, the company\u2019s top management told employees in a webinar this week. While, the company looks to defer monetary appraisals, analysts raise concerns over June quarter performance. According to people in the know, S N Subrahmanyan, L&amp;T managing director and chief executive officer(CEO) pegged the billing loss at Rs 12,000 crore, in a webinar with employees. Sources say the top boss added in anticipation of weakness in Middle East orders, L&amp;T will focus on orders from African markets.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-348325","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348325"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348325\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}