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L&T had reported consolidated revenue of Rs 1,03,522 L&T had reported consolidated revenue of Rs 1,03,522crore for the year ended March 31, 2016, a 12 per cent riseover the previous year, and its consolidated net income forthe year rose just 7 per cent to Rs 5,091 crore. Group companies L&T Infotech and L&T TechnologyServices will play a key role in this process, he said, addingthat for the technology arms, the enterprise-wide initiativeswill act as a ready-to-market showcase, enhancing clientconfidence in their capabilities. On the economy, Naik said, "We are at the cusp of aturnaround. All indicators are positive. The government thruston infrastructure and the ‘Make in India’ initiatives providea range of opportunities for L&T." On the defence sector, he said that with the opening upof the sector, there will be opportunities worth Rs 13 lakhcrore over the next 10 years. "With the resolution of issues relating to fuel supplyand a clearer understanding on nuclear liability issues, thenuclear power sector is expected to grow significantly in theyears ahead. We are looking at orders coming from the Navy,that is in the submarines– nuclear and conventional and manyother Navy and Coast Guard ships, which we make," Naik said. He further said the company is also expecting ordersfor weapons systems, missile launchers, electronics warfaresystem, defence electronic systems, among others. "We have seven facilities for manufacturing defenceproducts that we have developed over the last 7-8 years. Wewere waiting for privatisation of this sector for a long timeand now since it has happened, we think it will be a bigopportunity for domestic players," Naik said. He, however, expressed displeasure over the decision ofthe government to allow FDI in defence. On the infra front, the Chairman said over 1,000 projectsworth over Rs 14 lakh crore are in the pipeline in areas likeroads, ports, airports and railheads. "L&T has both the expertise and the track record to makethe most of each of these opportunities. Over the years, wehave set benchmarks, only to surpass them ourselves," he said. On the ongoing technology-driven leadership drive at thecompany, Naik said, "This is more than a statement of intent.It is at the heart of the new L&T. Our mission is profitablegrowth through technology leadership. "Since 2000, we have developed and rigorously implementeda five-year strategic planning process. We are now in thefourth wave of this programme," he said. PTI PSK NPMKJJMF