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L&T and Kemroc ink pact to distribute latter's cutting-edge products in India

News: L&T and Kemroc, a global manufacturer of attachments for excavators and backhoe loaders, have entered into a distribution agreement that will facilitate Kemroc products to be distributed and promoted in the Indian market by L&T.

Views: This strategic partnership will enable L&T to expand its product offerings and provide comprehensive solutions to customers in the construction industry in India. L&T already offers special attachments such as Crusher Bucket, Rock Breakers, Quick Couplers, Demolition Tools and Piling Solutions with tie-ups from international brands such as Komatsu, Sandvik and Movax. Going forward, we expect strong order book to enhance its revenue visibility in medium term. Consequently, we expect standalone revenue, EBITDA CAGR of 12.1%, 12% over FY21-FY23E.

Impact: Positive