Samej Jangir
New Member
- Joined
- May 15, 2023
- Messages
- 417
- Likes
- 618
They are just making absurd demands. L&T is also indirectly owned by govt. 24% share is owned by company itself. Among the 76% shares, govt has majority through LIC, PSBs etc. But it is considered private legally due to indirect shareholding. Giving orders to L&T will cost more due to its corporate governance structure but is being done as defence capabilities need redundancy so that if some units get destroyed, there are backupsSo Government shipyards underbid, take some fat commission and then sub-contract to L&T, is it?