Tom Pikety 2286 days ago

Why TATA and L&T wants to exit from Port business? TATA is doing everything IT, Steel, Automobile and what not, L&T - how come Port business could be termed 'non core' asset, is it so that they want to only Built and not own and operate? Why this fear of competition? if so then one by one they should be exiting from all the businesses - if they cant withstand Adani and do not want to be full fledged operators Build Own Operate and transfer, once fruit is ripe transfer it to Adani- how come they are in IT business they should sell it off to TCS - and can do some more debt reduction - its kind of Parle's sell off to American cola giants, at the same time Subhash Chandra kept his forte against Ruport Murdoch onslaught. AM Naik has also been very vigilant in keeping L&T safe from hostile bids by Ambanis, why this exit from Ports business? Kind of Blue Ocean Strategy - Port is all Adani's turf - we will stay away from it - please keep on giving construction work? Adani group has already reached half of L&T's revenues, started in 1988, where will be L&T by the time Modi term completes and where will be Adani, L&T will be say $18 bln and Adani $34 bln? Who is going to safeguard interest of this national sector entity or will it wither away? stagnate? We will see L&T vs Adani results by 2020, it reminds me of disinvestment ministry days of Arun Shouri, the family silver sell off to investors foreign and institutional - Adani is all set to be Ambani of this century -