Larsen & Toubro (BOM:500510)

QUOTE AND NEWS
The Economic Times  8 hrs ago  Comment 
Nifty index also started on a strong note and was trading above its crucial psychological level of 8100, supported by gains in pharma, power, realty, capital goods and IT stocks.
The Hindu Business Line  Sep 18  Comment 
Larsen & Toubro’s overseas subsidiary L&T Oman LLC has bagged a contract from the Sultanate of Oman for construction of the Adam Airbase in Al Dakhiliya Governorate, the company said today...
The Economic Times  Sep 17  Comment 
Meenakshi Lekhi on Wednesday kicked off an initiative to offer vocational training to uneducated youth in six urban villages.
The Economic Times  Sep 17  Comment 
Even in the midcap space, some stocks had run up quiet smartly. So, this US FOMC meet could provide that correction.
The Hindu Business Line  Sep 17  Comment 
L&T Metro Rail Hyderabad Limited and the Telangana Government are on a collision course regarding the ₹14, 132 crore metro rail project, with the former even suggesting that the State take ove...
The Economic Times  Sep 17  Comment 
"L&T continues to be a strong pick that we hold, of course it is something that we believe it will continue to perform."
The Economic Times  Sep 15  Comment 
50-share Nifty index also slipped below its crucial psychological level of 8100, weighed down by losses in banks, capital goods, IT, metal and oil & gas stocks.
The Economic Times  Sep 12  Comment 
Officials in the finance ministry said there are not holding back the sale and added that a decision will be taken at an opportune time.
The Hindu Business Line  Sep 12  Comment 
L&T said it has secured a Rs 1,885-crore order from NTPC for setting up two 660-MW super critical steam generators for the Tanda Thermal Power Plant Stage-II. The EPC (engineering, pr...
The Times of India  Sep 11  Comment 
The government has lined up big bang stake sale in blue chip public sector stocks — Coal India, ONGC and NHPC — to raise over Rs 45,000 crore but has so far done little to offload its shares in ITC and Larsen & Toubro, which can help it...




 
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Business Profile

Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

Seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.

L&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region.

Larsen & Toubro is one of the largest technology, engineering, construction and manufacturing companies in India. Founded in 1938, it went public in December 1950. The company has formed a group consisting of 140 subsidiary companies, 22 associate companies and 14 joint ventures in the sectors of information technology, financial products and services, engineering and project management, infrastructure development projects and services, manufacturing of industrial equipment, machinery and products. Associate companies include L&T-Chiyoda, L&T-Ramboll Consulting Engineers, Feedback Ventures, Voith Paper Technology (India), Salzer Cables, Audco India, L&T-Komatsu, L&T-Case Equipment, and Ewac Alloys.

The ISO 9001:2000 and OHSAS 18001 certified company operates through various divisions. Engineering & Construction Projects (E&C) offers vertically integrated services with additional interests in information technology and electrical business in the oil and gas, petrochemical refineries, fertilizer and power. The division focuses on the GCC countries for procuring EPC/turnkey and electro-mechanical construction contracts.

Heavy Engineering (HED) manufactures and supplies modular precision, custom-engineered, critical equipment and systems including integration and testing of weapon systems, sensors and engineering systems to core sector industries worldwide from its facilities at Mumbai and Talegaon in Maharashtra, Hazira and Vadodara in Gujarat, Visakhapatnam in Andhra Pradesh, Talegoan and Sohar in Oman. A strategic electronics center for electronic systems design and engineering operates from Bangalore and a warship and submarine design center has also been set up.

Engineering Construction & Contracts (ECC) offers turnkey construction services from concept to commissioning. Engineering, procurement and construction solutions are offered for specific projects. Functional restructuring into four separate units has been effected since July 1, 2008. It has executed projects in countries like Oman, Qatar, Saudi Arabia, Kuwait, UAE, and Malaysia in areas such as oil and gas, hydrocarbon, power and fertilizers.

Electrical & Electronics (EBG) manufactures and markets switchgear, MCCB, ACBs, switch boards, energy meters, petrol dispensing pumps and electronic control and automation systems, medical equipment and tooling solutions and new product such as advanced vital sign transport monitors for domestic and export markets. The division operates from Mumbai, Navi Mumbai, Ahmednagar, Coimbatore and Mysore in India, Wuxi in China and Dammam in Saudi Arabia. In FY08, the company acquired TAMCO Corporate Holdings Malaysia and its three international subsidiary companies to enhance its MV switchgear products portfolio even as the brand is already established in 30 countries including the Middle East.

Machinery & Industrial Products (MIPD) is organized into the business sectors of machinery and industrial products and offers equipment for construction and mining, material handling, crushing, hydraulics, paper, welding, castings, processing rubber and plastics. It provides valves, windmill components, cutting tools, engineered tools, and fuel dispensers. During the year, the Kanshahal works expanded the foundry to double capacity from 6,000 TPA to 12,000 TPA at a cost of Rs 150 million. It participated in Frost & Sullivan Manufacturing Excellence Award 2007 and qualified for Gold category.

Information Technology & Engineering Services Technology Services comprises of two business units - e-Engineering Solutions (e-ES) providing solutions to high-end technology verticals such as automotive, aerospace, marine and ship design, plant engineering and industrial products; and Embedded Systems (EmSyS) providing embedded systems for electronics product design and development. Today, the business units have a dedicated team of over 2,400 professionals operating from Vadodara, Mysore, Bangalore and Mumbai.

Apart from a strong domestic market player, the company has an international presence with a global spread of offices and joint ventures with world leaders. International business over the last few years has seen overseas earnings growing to 18% of total revenue. Major business enterprises in the form of subsidiaries include L&T Finance, India Infrastructure Developers, L&T-Sargent & Lundy, Larsen & Toubro International FZE, L&T Power Projects, International Seaport Dredging, L&T Infrastructure Finance Company, L&T-Valdel Engineering, L&T Power Development, L&T Infra & Property Development, L&T Concrete, L&T Shipbuilding, L&T Strategic Management, L&T-Gulf, L&T Transco, Hi-Tech Rock Products & Aggregates, Larsen & Toubro Infotech, L&T Infotech GmbH (Germany), Larsen & Toubro Information Technology Canada, GDA Technologies Inc, L&T-Valdel Engineering, Spectrum Infotech, International Seaport Dredging, L&T Infrastructure Development Projects, Tractor Engineers, Larsen & Toubro International FZE and several step-down subsidiaries and joint ventures.

The registered office is located at L&T House, Ballard Estate, Mumbai-400001.

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