Business conglomerate Larsen and Toubro is planning a foray into wind-based power projects.

Mr Suneet K Maheshwari CEO of L&T Infrastructure's the infrastructure finance division of Larsen and Toubro told reporters that "We are presently looking at wind-based power projects.”

Asked whether the company is also looking at solar power projects, he said that "We have not done (any projects) in solar (power) yet".

L&T Finance Holdings President and Wholetime Director N Sivaraman said that the renewable energy sector has huge potential globally. He said that "Globally, there will be opportunities for companies to enter this area.”

(Sourced from ET)