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L&T Chairman S N Subrahmanyan Clarifies Sunday Work Comment Citing Project-Delay Pressure

He says the exchange was recorded in violation of a no‑recording warning.

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Overview

  • He told Moneycontrol that five or six clients, including high‑profile ones, pressed him about progress and delays as projects struggled to mobilize staff and labour.
  • He described the remark as a casual response to performance pressure and said he would have answered differently in hindsight though he cannot retract it now.
  • He said the conversation was recorded despite a statutory warning that prohibited recordings.
  • He added that his wife felt bad after her name was dragged into the episode.
  • L&T’s annual report shows his FY25 pay rose nearly 50% to Rs 76.25 crore, largely from exercised stock options.