L&T may switch 200 million dollars debt to Re

摘要

Larsen & Toubro Ltd., India biggest engineering company, may seek to convert as much as 200 million dollars of its debt into rupees to negate currencyrisk. Larsen & Toubro, which repaid yen loans equivalent to 200 million dollars by borrowing in dollars in September, is seeking to lower its foreign-exchange exposure after one of its subsidiaries incurred commodity-hedging losses, chief financial officer Yeshwant Deosthalee said on Wednesday in Mumbai, where the company is based.