Mumbai, Mar 28: Larsen&Toubro Ltd (L&T) today joined hands with Saudi Arabia's reputed house of Kanoo to offer a range of high end 'intelligent' electrical systems to Saudi Arabian market.
A joint venture of Larsen&Toubro International FZE (LTFZE) and Yusuf Bin Ahmed Kanoo will offer architecture for the control and distribution of power.
It entails manufacture, marketing and sale of switchboards and related system solutions, as well as allied products, according to a release issued to BSE.
The joint venture to this effect has been signed by L&T's whole-time Director R N Mukhija and YBA Kanoo Director Bader Abdulaziz Kanoo.
L&T will hold majority stake, besides the management and operational control of the joint venture company.