Larsen & Toubro
Encyclopedia
Larsen & Toubro Limited (L&T) is an Indian multinational
conglomerate
company headquartered in Mumbai
, India
. The company has four main business sectors: technology, engineering, construction and manufacturing. L&T has an international presence, with a global spread of offices and factories, further supplemented by a comprehensive marketing and distribution network. The firm has more than 60 units in some 25 countries. Domestic business within India dominates, but the company is steadily growing its global operations with a focus on China and the Middle East.
in 1938 by two Danish engineers, Henning Holck-Larsen
and Søren Kristian Toubro
. The company began as a representative of Danish manufacturers of dairy equipment. However, with the start of the Second World War in 1939 and the resulting restriction on imports, the partners started a small workshop to undertake jobs and provide service facilities.
Germany's invasion of Denmark in 1940 stopped supplies of Danish products. The war-time need to repair and refit ships offered L&T an opportunity, and led to the formation of a new company, Hilda Ltd., to handle these operations. L&T also started two repair and fabrication shops signalling the expansion of the company.
The sudden internment of German engineers in India (due to suspicions caused by the War), who were to put up a soda ash plant for the Tatas, gave L&T a chance to enter the field of installation.
In 1944, ECC was incorporated by the partners; the company at this time was focused on construction projects (Presently, ECC is the construction division of L&T). L&T decided to build a portfolio of foreign collaborations. By 1945, the company represented British manufacturers of equipment used to manufacture products such as hydrogenated oils, biscuits, soaps and glass.
In 1945, the company signed an agreement with Caterpillar Tractor Company, USA, for marketing earth moving equipment. At the end of the war, large numbers of war-surplus Caterpillar equipment were available at attractive prices, but the finances required were beyond the capacity of the partners. This prompted them to raise additional equity capital, and on 7 February 1946, Larsen & Toubro Private Limited was born.
In December 1950, L&T became a public company with a paid-up capital of Rs.2 million. The sales turnover in that year was Rs.10.9 million. Notable orders executed by the Company during this period included the Amul Dairy at Anand and Blast Furnaces at Rourkela Steel Plant
. With the successful completion of these jobs, L&T emerged as the largest erection contractor in the country.
In 1956, a major part of the company's Mumbai office moved to ICI House in Ballard Estate, Mumbai; which would later be purchased by the company and renamed as L&T House, its present Corporate Office.
The sixties were also a decade of rapid growth for the company, and witnessed the formation of many new ventures: UTMAL (set up in 1960), Audco India Limited ( 1961), Eutectic Welding Alloys (1962) and TENGL (1963).
In 1976, Holck-Larsen was awarded the Magsaysay Award for International Understanding in recognition of his contribution to India's industrial development. He retired as Chairman in 1978.
L&T has formed a joint venture with SapuraCrest Petroleum Berhad, Malaysia for providing services to offshore construction industry worldwide. The joint venture will own and operate the LTS 3000, a Heavy Lift cum Pipelay Vessel.
L&T has more than 38000 employees in India
, Japan to manufacture super critical boilers and steam turbine generators. In 2008-09, significant progress was made in setting up manufacturing facilities for super critical boilers and turbines at Hazira, on India's west coast. L&T has also signed a technical collaboration with Clyde Bergemann for electrostatic precipitators, a crucial BOP item in coal based thermal power plants.
L&T Power offers turnkey solution
s for large i.e. up to 1000 MW coal-based power plant projects based on supercritical standards and also offers the same capability in gas-based power plants.
Similarly, the firm has the capability of executing balance of plant packages for both subcritical and supercritical thermal projects on an EPC basis.
L&T has a shipyard capable of constructing vessels of up to 150 metres long and displacement of 20000 tonnes at its heavy engineering complex at Hazira. The shipyard is geared up to take up construction of niche vessels such as specialized Heavy lift Cargo Vessels, CNG carriers, Chemical tankers, defense & para military vessels and other role specific vessels.
Construction of specialized mid size vessels is being undertaken and capacity is being augmented by additional infrastructure such as ship lift system and additional outfitting workshops to extend the activities to ship repairs.
The focus will be on construction of commercial vessels, warships for the navy and the coast guard.
The design wing of L&T ECC is called EDRC (Engineering Design and Research Centre).
EDRC provides consultancy, design and total engineering solutions to customers. It carries out basic and detailed design for both residential and commercial projects.
L&T has expanded its focus to the Middle East, South East Asia, Russia, CIS
, Mauritius, African and SAARC countries. It also has keen interest in the markets of Indian Ocean rim countries, Africa and Latin America.
s and provides control and automation systems for industries. Medical Equipment and Systems manufactured by L&T include Patient Monitoring Systems, ESU, Syringe Pumps, Defibrillators, Ventilators, Anesthesia machines
.
and software services. Its clients include industry leaders like Marsh & McLennan, Standard Life
, Travelers, Chevron
, Freescale, Hitachi
, Ingram Micro
, Infineon, Sanyo
, Lafarge
, ABSA
, P&G, Johnson and Johnson, CitiGroup
, Barclays, eCORPUS, Marathon
, Texas Instruments
, Qualcomm
, LG
and Samsung
among others.It offers services and solutions for the following industries: banking and financial services, insurance, energy and petrochemicals, manufacturing.
Larsen & Toubro Infotech Limited, a 100 per cent subsidiary of the L&T, offers software and services with a focus on Manufacturing, BFSI
and Communications and Embedded Systems. It also provides services in the embedded intelligence and e Engineering space.
This division provides solutions to :
, India and focusing on construction equipment
and mining equipment, L&T-Komatsu Limited is a joint venture of Larsen and Toubro, India’s leading engineering, construction and technology major and Komatsu Asia Pacific Pte Limited, Singapore, a wholly owned subsidiary of Komatsu Limited, Japan. Komatsu is the world’s second largest manufacturer of hydraulic excavators and has manufacturing and marketing facilities worldwide.
The plant was started in the year 1975 by L&T to manufacture Hydraulic Excavators for the first time in India. In 1998, it became a joint venture. L&T-Komatsu Limited’s manufacturing facility – The Bangalore Works – comprises Machinery Works and Hydraulics Works. Machinery Works has a modern manufacturing facility with ISO 9001:2008 accreditation for design, manufacture and servicing of earthmoving equipment. Hydraulics Works, with a precision machine shop, manufactures the complete range of high pressure hydraulic components and systems, and is ISO 9001:2000 certified for design, development, manufacturing and servicing of hydraulic pumps, motors, cylinders, turning joints, hose assemblies, valve blocks, hydraulic systems and power drives as well as allied gear boxes.
Financial Services is a subsidiary which was incorporated as a Non Banking Finance company in November 1994.
The subsidiary has a spectrum of financial products and services for corporate, construction equipments etc. L&T Finance was able to withstand the market dynamics and adapt as per that. This is a new division after the company declared its restructuring
L & T Mutual Fund
is the mutual fund company of the L & T group. This company provides Mutual Fund
schemes for investors in India
.
was set up as a 100% subsidiary of L&T. It commenced its business in January 2007 upon obtaining Non-Banking Financial Company (NBFC) license from the Reserve Bank of India
(RBI).
As of 31 March 2008, L&T Infrastructure Finance has approved financing of more than a billion USD to select projects in the infrastructure sector.
L&T Infrastructure Finance has received the status of "Infrastructure Finance Company" from the Reserve Bank of India within the overall classification of "Non-Banking Financial Company".
/embedded systems), civil and architectural services. L&T IES has its design and delivery locations in Vadodara, Chennai, Bangalore, Mysore and Mumbai in India.
L&T IES services also encompass architectural, civil, structural design and building utility systems design. Practices include both product and plant engineering services in the automotive, trucks and off-highway vehicles, industrial products, off-shore and marine, oil and gas and consumer goods sectors. Emerging areas include aerospace, railways and power and consumer electronics.
L&T's Valve Manufacturing Unit in Coimbatore manufactures industrial valves specifically for the Power Industry.
L&T sells value-added flow control solution
s to oil and gas, refining, petrochemical, chemical and power industries.
L&T is a leading global supplier of industrial valves and customized solution
s for major Refinery, LNG, GTL, Petrochemical and Power projects.
L&T Valves Business Group has offices in the USA, India and China, and strategic alliances with leading integrated valve distributors and agents in the major markets.
L&T Institute of Technology (LTIT) is a diploma polytechnic college in India
. It is located in Powai
, a suburb of Mumbai
. It is run & managed by Larsen & Toubro, Affiliated to MSBTE and Approved by AICTE and offer courses leading to undergraduate (Bachelor) degrees in Engineering.
The Institute has its own building with over 5000 sq. mts. built up area. It accommodates a complete mechanical workshop, drawing hall, audio-visual room, library, administrative wing, laboratories, classrooms and also a playground...
The nine virtual companies will operate in different segments, The nine sectors for which companies are formed are:
It has shown its deep commitment to a variety of issues ranging from AIDS awareness programs to environmental preservation programs to imparting education to children to organizing blood donation camps and so on . It has also taken great strides in promoting rural development and well-being in the field of health, hygiene and sanitation.
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
company headquartered in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. The company has four main business sectors: technology, engineering, construction and manufacturing. L&T has an international presence, with a global spread of offices and factories, further supplemented by a comprehensive marketing and distribution network. The firm has more than 60 units in some 25 countries. Domestic business within India dominates, but the company is steadily growing its global operations with a focus on China and the Middle East.
History
The company was founded in MumbaiMumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
in 1938 by two Danish engineers, Henning Holck-Larsen
Henning Holck-Larsen
Henning Holck-Larsen was a Dane who co-founded the Indian engineering firm Larsen & Toubro .- Biography :...
and Søren Kristian Toubro
Søren Kristian Toubro
Søren Kristian Toubro was a Danish engineer who co-founded Larsen & Toubro, an India-based conglomerate.- Early days in India :Toubro began his career as a civil engineer. As an employee of F. L. Smidth & Co...
. The company began as a representative of Danish manufacturers of dairy equipment. However, with the start of the Second World War in 1939 and the resulting restriction on imports, the partners started a small workshop to undertake jobs and provide service facilities.
Germany's invasion of Denmark in 1940 stopped supplies of Danish products. The war-time need to repair and refit ships offered L&T an opportunity, and led to the formation of a new company, Hilda Ltd., to handle these operations. L&T also started two repair and fabrication shops signalling the expansion of the company.
The sudden internment of German engineers in India (due to suspicions caused by the War), who were to put up a soda ash plant for the Tatas, gave L&T a chance to enter the field of installation.
In 1944, ECC was incorporated by the partners; the company at this time was focused on construction projects (Presently, ECC is the construction division of L&T). L&T decided to build a portfolio of foreign collaborations. By 1945, the company represented British manufacturers of equipment used to manufacture products such as hydrogenated oils, biscuits, soaps and glass.
In 1945, the company signed an agreement with Caterpillar Tractor Company, USA, for marketing earth moving equipment. At the end of the war, large numbers of war-surplus Caterpillar equipment were available at attractive prices, but the finances required were beyond the capacity of the partners. This prompted them to raise additional equity capital, and on 7 February 1946, Larsen & Toubro Private Limited was born.
Post Independence
Independence and the subsequent demand for technology and expertise offered L&T the opportunity to consolidate and expand. Offices were set up in Kolkata (Calcutta), Chennai (Madras) and New Delhi. In 1948, fifty-five acres of undeveloped marsh and jungle was acquired in Powai, Mumbai. That uninhabitable swamp is presently a manufacturing landmark.In December 1950, L&T became a public company with a paid-up capital of Rs.2 million. The sales turnover in that year was Rs.10.9 million. Notable orders executed by the Company during this period included the Amul Dairy at Anand and Blast Furnaces at Rourkela Steel Plant
Rourkela Steel Plant
Rourkela Steel Plant ,set up in 1958, is an integrated steel plant of Steel Authority of India Limited located in Rourkela, Orissa. It is the first Public Sector Integrated Steel Plant to be set up in India. The blast furnace was inaugurated by the President of India, Dr. Rajendra Prasad. The...
. With the successful completion of these jobs, L&T emerged as the largest erection contractor in the country.
In 1956, a major part of the company's Mumbai office moved to ICI House in Ballard Estate, Mumbai; which would later be purchased by the company and renamed as L&T House, its present Corporate Office.
The sixties were also a decade of rapid growth for the company, and witnessed the formation of many new ventures: UTMAL (set up in 1960), Audco India Limited ( 1961), Eutectic Welding Alloys (1962) and TENGL (1963).
In 1976, Holck-Larsen was awarded the Magsaysay Award for International Understanding in recognition of his contribution to India's industrial development. He retired as Chairman in 1978.
Engineering and Construction Projects
L&T’s engineering and construction track record consists of implementation of turnkey projects in major core and infrastructure sectors of the Indian industry.L&T has formed a joint venture with SapuraCrest Petroleum Berhad, Malaysia for providing services to offshore construction industry worldwide. The joint venture will own and operate the LTS 3000, a Heavy Lift cum Pipelay Vessel.
L&T has more than 38000 employees in India
L&T Power
L&T has set up an organization focused on opportunities in coal-based, gas-based and nuclear power projects. This business provides turnkey solutions for setting up utility power plants as well as co-generation and captive power plants on an EPC basis. It also provides power plant engineering services through L&T Sargent & Lundy, a joint venture of L&T and Sargent & Lundy, USA. L&T has formed two joint ventures with Mitsubishi Heavy IndustriesMitsubishi Heavy Industries
, or MHI, is a Japanese company. It is one of the core companies of Mitsubishi Group.-History:In 1870 Yataro Iwasaki, the founder of Mitsubishi took a lease of Government-owned Nagasaki Shipyard. He named it Nagasaki Shipyard & Machinery Works, and started the shipbuilding business on a full scale...
, Japan to manufacture super critical boilers and steam turbine generators. In 2008-09, significant progress was made in setting up manufacturing facilities for super critical boilers and turbines at Hazira, on India's west coast. L&T has also signed a technical collaboration with Clyde Bergemann for electrostatic precipitators, a crucial BOP item in coal based thermal power plants.
L&T Power offers turnkey solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for large i.e. up to 1000 MW coal-based power plant projects based on supercritical standards and also offers the same capability in gas-based power plants.
Similarly, the firm has the capability of executing balance of plant packages for both subcritical and supercritical thermal projects on an EPC basis.
Heavy engineering
L&T is claimed to be among the top five fabrication companies in the world. The Heavy engineering division manufactures and supplies custom designed and engineered critical equipment and systems to the needs of core-sector industries and the defence sector. It is the preferred supplier of equipment for a select range of products, globally.L&T has a shipyard capable of constructing vessels of up to 150 metres long and displacement of 20000 tonnes at its heavy engineering complex at Hazira. The shipyard is geared up to take up construction of niche vessels such as specialized Heavy lift Cargo Vessels, CNG carriers, Chemical tankers, defense & para military vessels and other role specific vessels.
Construction of specialized mid size vessels is being undertaken and capacity is being augmented by additional infrastructure such as ship lift system and additional outfitting workshops to extend the activities to ship repairs.
The focus will be on construction of commercial vessels, warships for the navy and the coast guard.
Construction
ECC – Engineering, Construction & Contracts Division of L&T – is the major contributor of L&T's share market. Currently, it is also listed as India’s largest construction organization. L&T covers varied disciplines of construction – civil, mechanical, electrical and instrumentation.The design wing of L&T ECC is called EDRC (Engineering Design and Research Centre).
EDRC provides consultancy, design and total engineering solutions to customers. It carries out basic and detailed design for both residential and commercial projects.
L&T has expanded its focus to the Middle East, South East Asia, Russia, CIS
Commonwealth of Independent States
The Commonwealth of Independent States is a regional organization whose participating countries are former Soviet Republics, formed during the breakup of the Soviet Union....
, Mauritius, African and SAARC countries. It also has keen interest in the markets of Indian Ocean rim countries, Africa and Latin America.
Electrical and electronics
L&T is an international manufacturer of a wide range of electrical and electronic products and systems. L&T also manufactures custom-engineered switchboards for industrial sectors like power, refineries, petrochemicals and cement. In the electronic segment, L&T offers a range of meterElectricity meter
An electricity meter or energy meter is a device that measures the amount of electric energy consumed by a residence, business, or an electrically powered device....
s and provides control and automation systems for industries. Medical Equipment and Systems manufactured by L&T include Patient Monitoring Systems, ESU, Syringe Pumps, Defibrillators, Ventilators, Anesthesia machines
Medical monitor
A medical monitor or physiological monitor or display, is an electronic medical device used in medical monitoring that displays the monitored data, and may or may not have the ability to transmit the data on a monitoring network...
.
Information technology
L&T Infotech focuses on information technologyInformation technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
and software services. Its clients include industry leaders like Marsh & McLennan, Standard Life
Standard Life
Standard Life plc is a long term savings and investment business, with headquarters in Edinburgh and operations across the globe. It has 1.5 million shareholders in more than 50 countries and over 6 million customers.-History:...
, Travelers, Chevron
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
, Freescale, Hitachi
Hitachi
Hitachi is a multinational corporation specializing in high-technology.Hitachi may also refer to:*Hitachi, Ibaraki, Japan*Hitachi province, former province of Japan*Prince Hitachi and Princess Hitachi, members of the Japanese imperial family...
, Ingram Micro
Ingram Micro
Ingram Micro, Inc. is a Fortune 100 company and the world’s largest information technology distributor, providing sales, marketing and logistics services for the IT industry in all corners of the globe.-Overview:...
, Infineon, Sanyo
Sanyo
is a major electronics company and member of the Fortune 500 whose headquarters is located in Moriguchi, Osaka prefecture, Japan. Sanyo targets the middle of the market and has over 230 Subsidiaries and Affiliates....
, Lafarge
Lafarge
Lafarge is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard. In 2010 the company was the world's second-largest cement manufacturer by mass shipped behind Holcim.-History:...
, ABSA
ABSA
ABSA may refer to:* ABSA Cargo Airline, a cargo airline* Absa Group Limited, the largest consumer bank in South Africa* African Baseball & Softball Association* Australian Bird Study Association, an ornithological organization...
, P&G, Johnson and Johnson, CitiGroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
, Barclays, eCORPUS, Marathon
Marathon
The marathon is a long-distance running event with an official distance of 42.195 kilometres , that is usually run as a road race...
, Texas Instruments
Texas Instruments
Texas Instruments Inc. , widely known as TI, is an American company based in Dallas, Texas, United States, which develops and commercializes semiconductor and computer technology...
, Qualcomm
Qualcomm
Qualcomm is an American global telecommunication corporation that designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access technology and other technologies. Headquartered in San Diego, CA, USA...
, LG
LG
LG may refer to:*LG Corp., a South Korean electronics and petrochemicals conglomerate*LG Electronics, an affiliate of the South Korean LG Group which produces electronic products* Lawrence Graham, a London headquartered firm of business lawyers...
and Samsung
Samsung
The Samsung Group is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea...
among others.It offers services and solutions for the following industries: banking and financial services, insurance, energy and petrochemicals, manufacturing.
Larsen & Toubro Infotech Limited, a 100 per cent subsidiary of the L&T, offers software and services with a focus on Manufacturing, BFSI
BFSI
Banking, Financial Services and Insurance is an industry term of art for companies that provide a range of such products/services....
and Communications and Embedded Systems. It also provides services in the embedded intelligence and e Engineering space.
L&T Machinery & Industrial Products
L&T manufactures, markets and provides service support for critical construction and mining machinery – surface miners, hydraulic excavators, aggregate crushers, loader backhoes and vibratory compactors; supplies a wide range of rubber processing machinery and injection moulding machines; and manufactures and markets industrial valves and allied products and a range of sophisticated application-engineered welding alloys.This division provides solutions to :
- Construction & Mining Equipment
- Material Handling
- Crushing Systems & Equipment
- Hydraulic Equipment
- Valves
- Rubber Processing Machinery
- Plastics Processing MAchinery
- Paper Machinery
- Welding Products
- Castings
- Wind-mill Components
- Cutting Tools
L&T - Komatsu Limited
Having its registered office at MumbaiMumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, India and focusing on construction equipment
Construction Equipment
Construction Equipment is a trade publication and web site serving the information needs of construction contractors, materials producers, and other owners and operators of construction equipment....
and mining equipment, L&T-Komatsu Limited is a joint venture of Larsen and Toubro, India’s leading engineering, construction and technology major and Komatsu Asia Pacific Pte Limited, Singapore, a wholly owned subsidiary of Komatsu Limited, Japan. Komatsu is the world’s second largest manufacturer of hydraulic excavators and has manufacturing and marketing facilities worldwide.
The plant was started in the year 1975 by L&T to manufacture Hydraulic Excavators for the first time in India. In 1998, it became a joint venture. L&T-Komatsu Limited’s manufacturing facility – The Bangalore Works – comprises Machinery Works and Hydraulics Works. Machinery Works has a modern manufacturing facility with ISO 9001:2008 accreditation for design, manufacture and servicing of earthmoving equipment. Hydraulics Works, with a precision machine shop, manufactures the complete range of high pressure hydraulic components and systems, and is ISO 9001:2000 certified for design, development, manufacturing and servicing of hydraulic pumps, motors, cylinders, turning joints, hose assemblies, valve blocks, hydraulic systems and power drives as well as allied gear boxes.
L&T Finance
Larsen & Toubro financial servicesFinancial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
Financial Services is a subsidiary which was incorporated as a Non Banking Finance company in November 1994.
The subsidiary has a spectrum of financial products and services for corporate, construction equipments etc. L&T Finance was able to withstand the market dynamics and adapt as per that. This is a new division after the company declared its restructuring
L & T Mutual Fund
L & T Mutual Fund
L&T Mutual Fund is a mutual fund company in India. It caters to the investment needs of investors through various mutual fund schemes. The company claims to have sound investment management practices and a knowledgeable fund management team....
is the mutual fund company of the L & T group. This company provides Mutual Fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
schemes for investors in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
.
Larsen & Toubro Infrastructure Finance
Larsen and Toubro Infrastructure Finance Company LimitedLarsen and Toubro Infrastructure Finance Company Limited
L&T Infrastructure Finance Company Limited is a part of L&T Finance Holdings Limited which is a wholly owned subsidiary of Larsen & Toubro Limited. LT Infra is a Non Banking Financial Company registered under Reserve Bank of India Act 1934...
was set up as a 100% subsidiary of L&T. It commenced its business in January 2007 upon obtaining Non-Banking Financial Company (NBFC) license from the Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
(RBI).
As of 31 March 2008, L&T Infrastructure Finance has approved financing of more than a billion USD to select projects in the infrastructure sector.
L&T Infrastructure Finance has received the status of "Infrastructure Finance Company" from the Reserve Bank of India within the overall classification of "Non-Banking Financial Company".
L&T – Integrated Engineering Services (IES)
L&T Integrated Engineering Services (L&T IES), a business unit of L&T, offers a combination of mechanical, electrical and electronic design (mechatronicsMechatronics
Mechatronics is the combination of mechanical engineering, electronic engineering, computer engineering, software engineering, control engineering, and systems design engineering in order to design, and manufacture useful products. Mechatronics is a multidisciplinary field of engineering, that is...
/embedded systems), civil and architectural services. L&T IES has its design and delivery locations in Vadodara, Chennai, Bangalore, Mysore and Mumbai in India.
L&T IES services also encompass architectural, civil, structural design and building utility systems design. Practices include both product and plant engineering services in the automotive, trucks and off-highway vehicles, industrial products, off-shore and marine, oil and gas and consumer goods sectors. Emerging areas include aerospace, railways and power and consumer electronics.
L&T Valves
L&T’s Valves Business Group markets valves manufactured by L&T's Valve Manufacturing Unit and L&T's joint ventures, Audco India Limited, India and Larsen & Toubro (Jiangsu) Valve Company Limited, China, as well as allied products from major international manufacturers.L&T's Valve Manufacturing Unit in Coimbatore manufactures industrial valves specifically for the Power Industry.
L&T sells value-added flow control solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s to oil and gas, refining, petrochemical, chemical and power industries.
L&T is a leading global supplier of industrial valves and customized solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for major Refinery, LNG, GTL, Petrochemical and Power projects.
L&T Valves Business Group has offices in the USA, India and China, and strategic alliances with leading integrated valve distributors and agents in the major markets.
L&T Institute of Technology
See main article: L&T Institute of TechnologyL&T Institute of Technology
L&T Institute of Technology is a diploma polytechnic college in India. It is located in Powai, a suburb of Mumbai. It is run & managed by Larsen & Toubro, Affiliated to MSBTE and Approved by AICTE and offer courses leading to undergraduate degrees in Engineering...
L&T Institute of Technology (LTIT) is a diploma polytechnic college in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. It is located in Powai
Powai
Powai is a suburb situated in the north-east of the city of Mumbai, India. The word Powai comes from Padmavati a Hindu Goddess , whose temple is situated on the banks of Lake Powai...
, a suburb of Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. It is run & managed by Larsen & Toubro, Affiliated to MSBTE and Approved by AICTE and offer courses leading to undergraduate (Bachelor) degrees in Engineering.
The Institute has its own building with over 5000 sq. mts. built up area. It accommodates a complete mechanical workshop, drawing hall, audio-visual room, library, administrative wing, laboratories, classrooms and also a playground...
Joint ventures
- L&T Kobelco Machinery Private Limited - It is a Joint VentureJoint ventureA joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
between L&T and Kobe Steel of Japan for the manufacturing of Internal mixers and twin screw rollerhead extruders for the tyre and rubber industry. This JV will strengthen and widen the portfolio of L&T's Rubber Processing Machinery business. - L&T and CASSIDIAN- It is the 74:26 Joint VentureJoint ventureA joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
between L&T and Cassidian, new name of EADSEADSThe European Aeronautic Defence and Space Company N.V. is a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide...
Defence & Security aiming at manufacturing, design, engineering, distribution and marketing in the fields od electronic warfare, radars, avionics and mobile systems (like Bridges) for military application . This JV is based in Talegaon, near Pune and in Bengaluru. - L&T T&D SA Pty Ltd.- A joint ventureJoint ventureA joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
(JV) with Befula Investments Pty Ltd, (trading as Rossi Engineering with office in Durban) in South Africa, to capitalise on the power transmission and distribution opportunities in South Africa. - L&T Special steels & Heavy Forging Pvt. Ltd.- A joint ventureJoint ventureA joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
(JV) with Nuclear Power Corporation of India Limited (NPCIL), for establishment of super heavy forging nuclear equipment manufacturing facility at Surat-Hazira. - Larsen & Toubro Heavy Engineering LLC, Sohar, Oman - A joint ventureJoint ventureA joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
(JV) with Zubair Corporation, Oman, it is a heavy engineering fabrication facility. - L&T-SapuraCrest JV - A JV with SapuraCrest Petroleum Berhad, Malaysia for providing services to offshore construction industry worldwide. The joint venture will own and operate the [LTS 3000 http://www.lntsapuracrest.com], a Heavy Lift cum Pipelay Vessel.
- L&T-Valdel Engineering Limited - A JV started with Bangalore-based Valdel Engineers & Constructors Pvt. Ltd. It offers upstream engineering services to the oil and gas sector. The entity formerly known as John Brown Engineering was established in the year 1991 at Bangalore as a Joint Venture between John Brown Engineers & Constructors, UK, Global Leader in providing Engineering Services for Oil & Gas Industry and MSR Group its Indian Promoter for providing Integrated & Quality Engineering Services to meet the growing needs of Oil & Gas Sector in India. Subsequently in the year 1996 Kvaerner ASA, Norway acquired assets of John Brown. Later in the year 1999 MSR Group acquired entire stake. L&T made the decision to acquire equities in Valdel in tune with its vision of business focus in Hydrocarbon Sector.
- L&T-Chiyoda Limited - A JV with Chiyoda CorporationChiyoda Corporationis a large Japanese engineering company specialising in industrial facilities, particularly oil refineries and LNG facilities. Most of its business takes place outside Japan, normally in the Middle East....
of Japan, it offers international-grade engineering services to the hydrocarbon processing industries that include refineries, petrochemicals, oil and gas processing, LPG and LNG terminals, fertilisers, chemicals, etc. - L&T-Sargent & Lundy Limited - A JV with Sargent & Lundy (USA), it offers a range of engineering and design services for the power sector.
- HPL Cogeneration Limited - Provides power to Haldia Petrochemicals Limited.
- L&T International FZE - A wholly owned subsidiary of L&T, incorporated in 2001 at The Hamriyah Free Zone, Sharjah, United Arab Emirates. It is the investment arm of L&T for all international joint ventures and provides resources for international projects.
- Larsen & Toubro (Oman) LLC - A JV between L&T International FZE and The Muscat Trading Co. LLC. This ISO 9001ISO 9000The ISO 9000 family of standards relates to quality management systems and is designed to help organizations ensure they meet the needs of customers and other stakeholders . The standards are published by ISO, the International Organization for Standardization, and available through National...
company offers products and services in the construction field, with specialization in turnkey projects. - Larsen & Toubro Electromech LLC (formerly Zubair Kilpatrick LLC) - A JV company of Larsen & Toubro International FZE and The Zubair Corporation in the Sultanate of Oman. LTEM is engaged in construction and service sector through four business units, namely: MEP works (Building Services), Electrical and Instrumentation works for Oil and Gas sector, Maintenance and Construction works in E&I sector and Facility Management for large assets.
- L&T and Eastern Contracting LLC Joint Venture - Building a residential property (295 ‘grandeur’ villas of Ground + 1 configuration, conforming to 11 different types of Mediterranean, Spanish and European styles of architecture) in Dubai Sports City for Victory Heights Golf Residential and Development LLC.
- Larsen & Toubro Readymix Concrete Industries LLC - A JV between L&T International FZE and Mr.Shukri Saleh Yahya Al Braik, a UAE National. Incorporated in 2006, the plant in Dubai offers all grades of concrete including specialized concrete such as HPC, SCC and colored concrete.
- Larsen & Toubro Saudi Arabia LLC - A JV between L&T International FZE and Engineer Khaled Hizam Al-Nabet, a Saudi National. It offers turnkey solutions in specialized fields of oil and gas, petrochemicals, fertilizers and chemicals, infrastructure, buildings, factories, power transmission and distribution and telecommunication projects.
- Larsen & Toubro Qatar LLC - A JV between L&T International FZE and AL Jazeera International Trading WLL. It offers turnkey solutions in specialized fields of buildings and factories, roads, bridges, airports, transmission lines, industrial electrification, petroleum and petrochemical projects, fertilizer plants, pipelines, water, sewerage and drainage system.
- Larsen & Toubro Kuwait Construction WLL - A new venture of L&T and Kuwait-based Bader Al Mulla group focusing on construction projects in oil and gas, power and infrastructure, with primary focus on electro-mechanical construction.
- L&T-ECC Construction (M) SND. BHD - A company incorporated in Malaysia by L&T with three Malaysians, Syed Mohsen Alhabshi, Datuk M Rajasingam and Sivajothi Rajendram, to undertake engineering and construction for all types of industrial and infrastructure projects in Malaysia.
- L&T-RAMBOLL Consulting Engineers Limited - A JV of L&T and Ramboll A/S of Denmark that offers international quality design, project engineering and consultancy services for infrastructure projects.
- Voith Paper Technology (India) Limited - A JV between Voith Paper GmbH & Co. KG, Germany and L&T. It offers a range of solutionSolutionIn chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for fiber systems, paper and board industry. - NAC Infrastructure Equipment Limited - Accepts deposits and rents out high-value, multipurpose, specialized and general purpose infrastructure equipment with value-added services.
- L&T-HCC JV Jharkhand Road Project - A JV of L&T and HCC for constructing an 80 km four-lane concrete road with rigid pavement in JharkhandJharkhandJharkhand is a state in eastern India. It was carved out of the southern part of Bihar on 15 November 2000. Jharkhand shares its border with the states of Bihar to the north, Uttar Pradesh and Chhattisgarh to the west, Orissa to the south, and West Bengal to the east...
, India. - L&T-KBL JV - A JV of L&T and Kirloskar Brothers LimitedKirloskar Brothers LimitedKirloskar Brothers Limited is one of the world's largest pump manufacturers, and the world's only pump company that completes turnkey projects including civil works...
, for executing Engineer-Procure-ConstructEPC (contract)EPC stands for Engineering, Procurement and Construction.It is a common form of contracting arrangement within the construction industry. Under an EPC contract, the contractor will design the installation, procure the necessary materials and construct it, either through own labour or by...
(EPC) lift irrigation project, which involves lifting 7.80 TMC water from Goddamvaripalli village to Goddumarri Anicut in the Cuddapah district of Andhra PradeshAndhra PradeshAndhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...
, India. - HCC-L&T Purulia JV - A JV of L&T and HCC, for implementing the PuruliaPuruliaPurulia , also spelled Puruliya, also known as "Manbhum City", is a city located in West Bengal state, India, and was constituted in 1876. It is the location of the district headquarters of Purulia district. Purulia is located on the north of the Kasai river and is a major road and railway...
Pumped Storage Project with an installed capacity of 900 MW (4x225 MW each) for West Bengal State Electricity BoardWest Bengal State Electricity BoardWest Bengal State Electricity Board was a state owned electricity regulation board which came into being on 01.05.1955 and was operating within the state of West Bengal in India until 31.03.2007...
(WBSEB) and NHPCNational Hydroelectric Power CorporationNHPC Limited , A Govt. of India Enterprise, was incorporated in the year 1975 with an authorised capital of Rs. 2000 million and with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects...
. - L&T-AM JV - A JV between L&T and Alpine Mayeder Bau GmbH, Austria is constructing a 11.3 km long, 5.6m finished diameter, concrete lined Head Race Tunnel for NTPCNational Thermal Power CorporationNTPC Limited is the largest Indian state-owned energy service provider based in New Delhi, India. It is listed in Forbes Global 2000 for 2010 ranked it 341st in the world...
’s 4x130 MW Tapovan Vishnugad hydropower project in Uttaranchal. - PATEL-L&T Consortium - A consortium of L&T and Patel Engineering Limited is constructing Diversion cum Spillway Tunnels (43 m High, 186 m Long), Spillway, Intake Structures and part of Head Race Tunnel (7.25 m dia horseshoe shaped, 5.9 km long) for NHPCNational Hydroelectric Power CorporationNHPC Limited , A Govt. of India Enterprise, was incorporated in the year 1975 with an authorised capital of Rs. 2000 million and with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects...
’s 4 x 130 MW Parbati Hydro Electric Project – Stage III at Himachal PradeshHimachal PradeshHimachal Pradesh is a state in Northern India. It is spread over , and is bordered by the Indian states of Jammu and Kashmir on the north, Punjab on the west and south-west, Haryana and Uttar Pradesh on the south, Uttarakhand on the south-east and by the Tibet Autonomous Region on the east...
. - International Seaports Dredging Limited (ISDL) - A JV between Dredging International N.V, Belgium and L&T, formed to exploit dredging market in all SAARC countries, Myanmar, Thailand and Indonesia. It is presently executing maintenance and capital dredging works in India with major jobs in Dhamra Port, Orissa and Gangavaram PortGangavaram PortGangavaram Port, located in Andhra Pradesh, is India's deepest port. Inaugurated in July 2009, it has a depth of 21m. It is managed by Gangavaram Port Ltd., a special-purpose company floated by Mr. DVS Raju, who serves as its Chairman and Managing Director...
, Andhra Pradesh. - Metro Tunneling Group (MTG) - A JV of DYWIDAG International, (Germany), L&T (India), IRCON International Ltd. (India), Samsung Engineering & Construction (South Korea) and Shimizu Corporation (Japan). It is constructing an underground metro rail corridor in Delhi for the Delhi Metro Rail Corporation (DMRC). It is currently executing a 3.10 km tunnel project by cut and cover method, using tunnel boring machineTunnel boring machineA tunnel boring machine also known as a "mole", is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They can bore through anything from hard rock to sand. Tunnel diameters can range from a metre to almost 16 metres to date...
s (Package BC – 18). - L&T Infrastructure Development Projects Limited - A subsidiary company of L&T, implements various infrastructure projects through Public-Private PartnershipPublic-private partnershipPublic–private partnership describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies...
s (PPP). It executes projects on Build-Operate-Transfer (BOT), Build-Own-Operate-Transfer (BOOT), Build-Own-Lease-and-Transfer (BOLT), Build-Own-Operate-Share-and-Transfer (BOOST) basis and other variants including the annuity approach. A number of developmental projects are executed by L&T under various sectors on EPC basis through special purpose vehicles (SPVs) promoted by a consortium of private and public players. - L&T Transportation Infrastructure Limited - It was formed to design and construct Tamil NaduTamil NaduTamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh...
's first private BOT road project - the 28 km CoimbatoreCoimbatoreCoimbatore , also known as Kovai , is the second largest city in the Indian state of Tamil Nadu. It is a major commercial centre in Tamil Nadu and is known as the "Manchester of South India"....
bypass and a two-lane bridge across river NoyyalNoyyal RiverThe Noyyal River rises from the Vellingiri hills in the Western Ghats in Tamil Nadu, southeastern India and drains into the Kaveri River. The river's basin is long and wide and covers a total area of . Cultivated land in the basin amounts to while the population density is 120 people per km² ...
at Athupalam. - L&T Western Andhra Tollways Limited (L&T WATL) - Executing the project for four-laning the road from JadcherlaJadcherlaJadcherla is a town in Mahbubnagar district, Andhra Pradesh, India. It is the main business centre for the surrounding villages and towns....
to Kothakota section of NH-7National Highway 7 (India)National Highway 7, commonly referred to as NH 7, is major North-South National Highway in India that runs through the states of Uttar Pradesh, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu....
in Andhra Pradesh, on BOT basis. - L&T Vadodara Bharuch Tollway Limited (L&T VBTL) - It has been formed for the development of the six-laning of NH-8 from VadodaraVadodaraVadodara formerly known as Baroda is the third most populated city in the Indian State of Gujarat . It is one of the four cities with the population of over 1 million...
to BharuchBharuchBharuch , also known as Broach, is the oldest city in Gujarat, situated at the mouth of the holy river Narmada. Bharuch is the administrative headquarters of Bharuch District and a municipality of more than 1,50,000 inhabitants. As Bharuch is a major seaport city, a number of trade activities have...
in Gujarat on BOT basis. - L&T Inter State Road Corridor Limited (L&T IRCL) - It is executing the four-laning of the 76 km highway between PalanpurPalanpurPalanpur is a city and a municipality of Banaskantha district in the Indian state of Gujarat. Palanpur is the largest city and the administrative headquarters of the district....
and Swaroopgunj on the East West CorridorNorth-South and East-West CorridorThe North-South–East-West Corridor is the largest ongoing highway project in India. It is the second phase of the National Highways Development Project , and consists of building 7300 kilometers of four/six lane expressways connecting Srinagar, Kanyakumari, Porbandar and Silchar, at a cost of...
(NH-14)National Highway 14 (India)National Highway 14 is a National Highway in India that connects Beawar in Rajasthan with Radhanpur in Gujarat. The total length of NH 14 is . This highway connects National Highway 8 in Beawar to National Highway 15 in Radhanpur...
, on BOT (annuity) basis. - Narmada Infrastructure Construction Enterprise Limited (NICE) - An SPV formed for design, construction, maintenance and operation of the 1.4 km second NarmadaNarmada RiverThe Narmada , also called Rewa is a river in central India and the fifth largest river in the Indian subcontinent. It is the third largest river that completely flows within India after Ganges and Godavari...
bridge, including 4.6 km of approach roads, on BOT basis on NH-8 at Zadeshwar, Gujarat. - L&T Western India Tollbridge Limited (L&TWIT) - An SPV, for constructing the 335m two-lane bridge across river Watrak on NH8 at KhedaKhedaKheda is a town and a municipality in Kheda district in the Indian state of Gujarat. Kheda, also known as Kaira, is 35 km from Ahmedabad. The National Highway no. 8 connecting Ahmedabad and Mumbai passes through Kheda...
, Ahmedabad-Vadodara section of NH8, on BOT basis, including 9.2 km of approach roads and strengthening of 10 km of the existing road. - Second Vivekananda Bridge Tollway Company Limited (SVBTC) - An SPV formed to finance, design, build, operate and maintain the 6.1 km six-lane bridge across the Hooghly River on NH-2National Highway 2 (India)National Highway 2 , commonly referred as Delhi-Kolkata Road is a busy Indian National Highway that runs through the states of Delhi, Haryana, Uttar Pradesh, Bihar, Jharkhand, and West Bengal. It constitute a major portion of historical Grand Trunk Road along with NH 91 and NH 1 in India...
near KolkataKolkataKolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
on BOT basis. - L&T Panipat Elevated Corridor Limited - An SPV formed to construct 3.4 km six-lane elevated flyover on NH 1National Highway 1 (India)National Highway 1 or is a National Highway in Northern India that links the National capital New Delhi to the town of Attari in Punjab near the India-Pakistan International border. This was a part of Grand Trunk Road of Sher Shah Suri, that ran from Lahore to Bengal, built on earlier roads that...
in Haryana. - L&T Uttaranchal Hydro Power Limited - An SPV, is formed for the implementation of the Singoli Bhatwari Hydro-Electric Project, a run-of-the-river scheme on river MandakiniMandakini RiverMandakini is a tributary of the Alaknanda River. Mandakini originates from the Charabari Glacier near Kedarnath in Uttarakhand, India. Mandakini is fed by Vasukiganga River at Sonprayag. Mandakini joins Alaknanda at Rudraprayag...
in Rudraprayag districtRudraprayag DistrictRudraprayag district, is a district of Uttarakhand state of northern India. The district occupies an area of 2439 km². Rudraprayag town is the administrative headquarters of the district....
of Uttarakhand, on BOOT basis. - International Seaports (Haldia) Pvt. Limited. (ISPHL) - An SPV, formed to execute the project for the construction and operation of Berth No 4A in HaldiaHaldiaHaldia has a typical moderate climate with winter temperatures ranging from a low of around 7 degrees Celsius to a high of 22 degrees Celsius. Winters are chilly and is when the residents hold the Haldia Utsav festival. Summers can be very hot and humid. Usual summer temperatures in May, the...
Dock Complex, on BOOT basis. - Kakinada Seaports limited (KSPL) - An SPV formed to operate the existing facilities on a 610m long terminal and for developing an additional berth at KakinadaKakinadaKakinada is a city and a municipal corporation in the Indian state of Andhra Pradesh. It is located east of the state capital, Hyderabad. It is also the headquarters of East Godavari district. It is nicknamed "Fertilizer City" , "Pensioner's Paradise" and "Second Madras"...
Deep Water Port in Andhra Pradesh. - The Dhamra Port Company Limited (DPCL) - An SPV formed for developing and operating the port of Dhamra in the state of Orissa.
- L&T Urban Infrastructure Limited - L&T-UIL is a subsidiary company of L&T IDPL, formed to develop and promote residential and commercial complexes in all the leading cities and metros.
- Bangalore International Airport Limited (BIAL) - A JV of Karnataka State Industrial & Investment Development Corporation (KSIIDC), Airports Authority of IndiaAirports Authority of IndiaThe Airports Authority of India is an organization working under the Ministry of Civil Aviation that manages most of the airports in India. The AAI manages and operates 126 airports including 16 international airports, 89 domestic airports and 26 civil enclaves. The corporate headquarters are at...
(AAI), SiemensSiemensSiemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...
, L&T and Unique (Zurich Airport) of Switzerland, to develop an airport at Devanahalli, Bangalore on BOOT basis. - L&T Infocity Limited (LTIL) - A JV of L&T and Andhra Pradesh Industrial Infrastructure Corporation LimitedAndhra Pradesh Industrial Infrastructure CorporationAndhra Pradesh Industrial Infrastructure Corporation Ltd also known as APIIC is part of the Andhra Pradesh Government initiatives with the objective of providing industrial infrastructure through development of industrial areas....
(APIIC) for developing HITEC CityHITEC CityHITEC City stands for Hyderabad Information Technology Engineering Consultancy City, a major technology township which is at the center of the information technology industry in Hyderabad, Andhra Pradesh, India....
(Hyderabad Information Technology Engineering Consultancy City). LTIL also operates and maintains all services in HITEC City and provides engineering and design consultancy, marketing and O&M consultancy. - L&T Infocity Lanka Private Limited (LTILPL) - An SPV has conceptualised and rendered project management services and promoted the IT facility for HSBCHSBCHSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...
in ColomboColomboColombo is the largest city of Sri Lanka. It is located on the west coast of the island and adjacent to Sri Jayawardenapura Kotte, the capital of Sri Lanka. Colombo is often referred to as the capital of the country, since Sri Jayawardenapura Kotte is a satellite city of Colombo...
. - L&T Infocity Infrastructure Limited (L&T IIL) - A subsidiary of LTIL and has developed an IT Park in Salt Lake, Kolkata.
- Vizag IT Park Limited (VIPL) - It has developed an IT Park project for HSBC Electronic Data Processing India Private Limited (HDPI) at Siripuram, VisakhapatnamVisakhapatnamVisakhapatnam is a major sea port on the south east coast of India. With a population of approximately 1.7 million, it is the second largest city in the state of Andhra Pradesh and the third largest city on the east coast of India after Kolkata and Chennai. According to the history, the city was...
. - L&T Tech Park Limited - A subsidiary of L&T IDPL, formed to promote an IT Park in KakkanadKakkanadKakkanad is a region in the city of Kochi, in the state of Kerala, India. This is the part of Kochi where much of its IT industry is based in. It is also the administrative headquarters of the District of Ernakulam ....
, Kochi, Kerala. - L&T Phoenix Infoparks Limited - A subsidiary of L&T-UIL, is developing HITEC City II at GachibowliGachibowliGachibowli is a major IT suburb of Hyderabad, located in the Serilingampally mandal of the Rangareddy district. It is situated about 5 km away from HITEC City, another IT hub. Both these suburbs lie on the north-west part of Hyderabad city.-Economy:...
and Intellicity at Nanakramguda in Hyderabad. - Cyber Park Development & Construction Limited - An SPV with Software Technology Parks of IndiaSoftware Technology Parks of India'Software Technology Parks of India' is a government agency in India, established in 1991 under the Ministry of Communications and Information Technology, that manages the Software Technology Park scheme. It is an export oriented scheme for the development and export of computer software,...
(STPI), has developed a “Cyber Park” in Electronics City, Bangalore. - L&T Arun Excello Realty Private Limited - A JV with Arun Excello, formed to promote an integrated township “Estancia” on GST Road, ChennaiChennaiChennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
. - L&T South City Projects Limited - A JV between L&T, Dinesh Ranka Associates and Pragnya Trustee and Investment Management Company, to develop an integrated township at SiruseriSiruseriSiruseri is a suburb of Chennai, India in Kancheepuram district, Tamil Nadu, located a 30 km south of the city, along Old Mahabalipuram Road...
on the Old Mahabalipuram Road, ChennaiChennaiChennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
and off Bannerghatta RoadBannerghatta RoadBannerghatta Road is a Karnataka State Highway which connects Bengaluru City through Bannerghatta village, Jigani and finally reaching Anekal. It starts from Adugodi, and ends at the Bannerghatta National Park, after which it is known as Jigani-Anekal Road.Bannerghatta road previously had the...
, BangaloreBangaloreBengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
. - L&T Vision Ventures Limited - An SPV promoted along with Vizag Urban Development Authority, to develop a township in Vizag on a 55 acres (222,577.3 m²) land (2.5 mi sft., 250 villas and 900 apartments, club house and a school).
- CSJ Infrastructure Private Limited - An SPV of L&T-UIL promoted to develop an integrated commercial complex in ChandigarhChandigarhChandigarh is a union territory of India that serves as the capital of two states, Haryana and Punjab. The name Chandigarh translates as "The Fort of Chandi". The name is from an ancient temple called Chandi Mandir, devoted to the Hindu goddess Chandi, in the city...
. It will come up on a 20.16 acres (97607.76 sq. yd) land parcel in the Industrial Area Phase-I of Chandigarh. This Integrated Commercial Complex will have a Shopping Mall of 11.15 lakh sq.ft, an upscale hotel of 250 rooms and a high-end office space of 3.75 lakh sq. ft. - L&T Crossroads Limited - A JV between L&T and Piramal Holdings Limited, has developed a covered car parking spaces (seven levels) and air-conditioned commercial area in Nariman PointNariman PointNariman Point is Mumbai's premier business district and country's first central business district. It was named after Khursheed Framji Nariman, a Parsi visionary. The area is situated on land reclaimed from the sea. It had the distinction of having the highest commercial real estate rental space...
, Mumbai. - Hyderabad International Trade Expositions Limited (HITEX) - Promoted by L&T Infocity Limited (LTIL), National Academy of ConstructionNational Academy of ConstructionNational Academy of Construction or NAC Hyderabad is an education institution for development of all types of construction resources, technologies and methodogies for fast track completion of projects.-HISTORY:...
(NAC), Hyderabad Urban Development AuthorityHyderabad Urban Development AuthorityThe Hyderabad Urban Development Authority was created in 1975, vide an act of the State Assembly of Andhra Pradesh. Its jurisdiction was expanded in 2008 by merging it with the surrounding mandals to form the Hyderabad Metropolitan Development Authority....
(HUDA), Andhra Pradesh Tourism Development CorporationAndhra Pradesh Tourism Development CorporationAndhra Pradesh Tourism Development Corporation is a state government agency which promotes tourism in Andhra Pradesh, India....
(APTDC) and Municipal Corporation of Hyderabad (MCH). This trade exposition centre has been developed for trade fairs and exhibitions. - Andhra Pradesh Expositions Private Limited - Organises exhibitions/trade fairs and events at the exposition centre in collaboration with national, international event management companies.
Awards and accolades
- The Economic TimesThe Economic TimesThe Economic Times is an English-language Indian daily newspaper published by the Bennett, Coleman & Co. Ltd.. The Economic Times was started in 1961. It is the most popular and widely read financial daily in India, read by more than 8 lakh people...
named Mr. A.M. Naik "Business Leader of the Year" for 2008. - L&T is among the top 100 Most Trusted brands of India as published in The Brand Trust ReportThe Brand Trust ReportThe Brand Trust Report, India Study, 2011 is published by Trust Research Advisory . The book is a result of a syndicated primary research on Brand Trust that generated 10,00,000 data points and 16,000 unique brands from over 10,000 hours of fieldwork conducted in 9 cities TRA’s study partners in...
. - Mr. A.M. Naik was also awarded the Padma BhushanPadma BhushanThe Padma Bhushan is the third highest civilian award in the Republic of India, after the Bharat Ratna and the Padma Vibhushan, but comes before the Padma Shri. It is awarded by the Government of India.-History:...
by the President of IndiaPresident of IndiaThe President of India is the head of state and first citizen of India, as well as the Supreme Commander of the Indian Armed Forces. President of India is also the formal head of all the three branches of Indian Democracy - Legislature, Executive and Judiciary...
in 2009. - L&T Won Best Innovation in Logistics-Transportation award on 20 May 2011 from India International Logistics Forum
- L&T Won The Financial Express-EVI Green Business Leadership Award for 2010-11. The award was received from Dr.A.P.J. Abdul Kalam
Restructuring
In January 2011, Mr. A.M Naik announced that the company will be restructured into nine virtual companies. Each will be called an independent company, and will have a CEO, CFO and HR head, its own profit and loss account, and a board of directors with at least three independent directors. Each board will not have any legal or statutory standing, but will merely advise management.This is similar in organization to the Mitsubishi Group with which L&T has close partnerships.The nine virtual companies will operate in different segments, The nine sectors for which companies are formed are:
- Building and materials
- Civil Infrastructure
- Mechanical-Metal Handling and Supply of Equipment for steel industry
- Electric Power transmission and distribution
- Hydrocarbon and Chemicals
- Heavy Engineering Catering to defense and Aerospace
- Electrical Equipment and Automation Products
- Mechanical and Industrial Products
- Power Equipment and building Power Plants
Vision to Ensure Sustainability
Today companies understand that looking at the traditional profit and loss account and the balance sheet alone will not show the profitability or sustainability of a company. To sustain in today's extremely competitive world one will have to do much more . Keeping this in mind L&T has always ensured that sustainability was always an integral part of the company's policy making procedure.Sustainability ensures livability. No wonder , L&T had adopted cleaner construction practices way before issues of climate change gained prominence.L&T has also understood the need for satisfying the interest of all its stakeholders including its employees. Thus it makes sure to provide a stable work destination for its employees and also give them ample scope for professional and personal development.CSR
L&T is involved in a variety of programs for societal development and welfare for which it is internationally recognized and also appreciated.It has shown its deep commitment to a variety of issues ranging from AIDS awareness programs to environmental preservation programs to imparting education to children to organizing blood donation camps and so on . It has also taken great strides in promoting rural development and well-being in the field of health, hygiene and sanitation.
Rehabilitation Programs
When Orissa and Bhutan were ravaged by a cyclone and when the earthquake struck the state of Gujarat L&T were among the first in the corporate world to join the rescue and relief efforts. L&T assisted the rescue efforts by providing technical help in the form of skilled engineers. It also redeployed machinery from its various construction sites to aid to the rescue measures.PRAYAS - 'Effort and Endeavor '
PRAYAS is a non governmental organization formed by the spouses of the employees in Chennai in 1996.PRAYAS in sanskrit means ' effort and endeavor ' . It is a beacon of hope to the many lesser blessed people of the society. It strives to work for the betterment of such people.Its strategy of working is such that it associates itself with other ngos who are working for various causes but are unable to do so because of inadequacy of resources. It provides financial help and also helps fulfilling specified requirements like providing services of various professionals.Painting Gallery
L&T also protects and fosters the wealth of our rich heritage and culture . It houses a splendid collection of 187 art works by master painter-artist-cartoonist D.G. Kulkarni.Construction Skills Training Institute
L&T helps secure the livelihood of many unemployed youth by providing them professional vocational training in the field of form work carpentry, masonry , plumbing, welding to allow them access to productive job opportunities.For its efforts in this regard it was awarded the 'Best Corporate Social Responsibility ' by the Bombay Stock Exchange (BSE).Recent CSR Activites
- L&T recently renovated a hundred year old auditorium of an orphanage, Mahipatram Ruparam ashram. The ashram is home to hundreds of infants and also provides education to around 3000 girls.
- At JSW's steel plant at Toranagallu , Karnataka the employees visited an old age home- Vidhyanand Gurukula and donated basic ammenities like tube lights , ceiling fans, whitewashing the home in addition to providing dhotis and sarees to the inmates.
- The PRAYAS trust at Ahmedabad along with Make A Wish Foundation fulfilled the wishes of 10 children suffering from life threatening diseases on World Wish Day (29 April)
- The employees at the Manapakkam ,Chennai branch donated around 1028 units of blood creating corporate history.
- On account of World Environment Day tree plantation drives were conducted at various project sites . Some of them being , JSW Bellary,Vedanta Township Project Jharasuguda.