Larsen & Toubro (BOM:500510)

QUOTE AND NEWS
The Economic Times  Jan 28  Comment 
L&T Finance today said it will raise Rs 250 crore through private placement of non- convertible debentures.
The Hindu Business Line  Jan 23  Comment 
NMDC has awarded a Rs 356.85 crore order to L&T for design, engineering and construction of five million Cu.m reservoir and water treatment plant. This is part of the iron ore miner’s...
The Economic Times  Jan 22  Comment 
Shares in L&T Finance Holdings Ltd gained 4.1 per cent on Thursday after the company reported 65 per cent increase in its December quarter profit.
The Hindu Business Line  Jan 22  Comment 
The Economic Times  Jan 21  Comment 
L&T Finance reported a 66% jump in consolidated net profit at Rs 182 cr in the three months to December, driven by a 20 per cent rise in advances.
The Hindu Business Line  Jan 21  Comment 
The Economic Times  Jan 21  Comment 
Nifty surged in trade t touch its fresh record high of 8722.50, supported by gains in capital goods, banks, auto, consumer goods.
The Economic Times  Jan 16  Comment 
L&T Ltd is a 'BUY' call with a target of Rs 1615 and a stop loss of Rs 1550.
The Hindu Business Line  Jan 15  Comment 
The US-India Business Council (USIBC) has announced to appoint Mukesh Aghi, currently the chief executive and member of the board of directors at the L&T InfoTech, as its new president.
The Economic Times  Jan 13  Comment 
Sensex pared most of its morning gains and was trading in a narrow range, weighed down by losses in Infy, ONGC, RIL, Tata Motors and L&T.
The Economic Times  Jan 7  Comment 
"From the need of the hour, rate cut is overdue. It’s something which can create growth in industry and demand in the economy."
The Hindu Business Line  Jan 7  Comment 
L&T Finance Holdings in a communication to the stock exchanges said CS Damle, Chief Financial Officer, has resigned from the services of the company to pursue other career opportunities. ...




 
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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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