With this buy-out, LTK will become a wholly owned subsidiary of L&T. LTK will continue to manufacture construction equipment and hydraulic components. Komatsu will be responsible for the production of Komatsu equipment including hydraulic excavators.
The LTK plant was started by L&T in 1975 to manufacture hydraulic excavators for the first time in India and became a joint venture with Komatsu in 1998.
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