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New Delhi, Jun 12 (UNI) Engineering and Construction major Larsen&Toubro Ltd (L&T) today said it will delay listing of L&T Infotech till next fiscal as the software unit has not achieved its revenue target and market conditions are unfavourable.

''The company will delay listing its software unit L&T Infotech to 2009-10 as the unit has not reached a revenue target and market conditions are unfavourable,'' company CMD A M Naik told reporters here.

L&T Infotech had planned the initial public offering of its shares in the second half of current fiscal. However, it had not reached a revenue threshold of 500 million dollars, Mr Naik said.

UNI MP BD1835

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