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| L&T sells its stake in Voith Paper Technology India India's largest engineer and builder, Larsen & Toubro, announced the sale of its shares in Voith Paper Technology India Ltd (VPTIL) effective October 1, 2009 to its long-term Joint Venture Partner, Voith GmbH, Heidenheim, Germany. VPTIL was a 50:50 JV between L&T and Voith Paper GmbH, Germany, providing design, consultancy and other value-added services to the Indian paper industry that included setting up of complete paper plants. It is currently executing three major orders from West Coast Paper, Century Paper and Tamil Nadu Newsprint Ltd. Voith Paper, Germany is the global leader in the paper industry and most of the Indian paper plants have been set up with Voith equipment. write your comments about the article :: © 2009 Construction News :: home page |