L&T is steadily improving the quality of its balance sheet and sold some buildings in its subsidiary company which was a bit of a drag. It is improving its balance sheet quality, it is picking and choosing its projects in India and globally as well so that margins are protected and may perhaps even improve. When you want to have those large infrastructure projects earnings of Rs 5,000-10,000-15,000 crore, there is no other challenger to L&T.
