COVID-19: L&T Group chairman, directors take voluntary salary cut of up to 53%
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Amid COVID-19 pandemic, key officials of engineering and construction conglomerate Larsen & Toubro have taken voluntary pay cut of up to 53 per cent, including a 24.19 per cent salary cut by its group chairman A M Naik, according to the company's annual report. Naik drew a total remuneration of Rs 6.18 crore for 2019-20 as against Rs 8.15 crore in 2018-19, according to the annual report of the infrastructure giant.