Larsen & Toubro (BOM:500510)

QUOTE AND NEWS
The Hindu Business Line  11 hrs ago  Comment 
L&T Infrastructure Finance, a subsidiary of L&T Finance Holdings, has signed a pact with Lavasa Corp to buy 20.23 ha land in Lavasa City. The land has a development potential of five lakh...
The Economic Times  Aug 22  Comment 
L&T chairman Naik said the government has already started clearing pending projects and resolving issues related to stranded projects.
The Hindu Business Line  Aug 22  Comment 
The water and renewable energy business of L&T Construction has bagged orders valued at Rs 1,283 crore during July and August. In a filing to the BSE, the company said that water supp...
The Economic Times  Aug 22  Comment 
Larsen & Toubro is a 'BUY' call with a target of Rs 1575 and a stop loss of Rs 1532.
The Hindu Business Line  Aug 21  Comment 
Engineering major Larsen & Toubro today said it has bagged contracts worth Rs 1,832 crore from various business segments since July. “The company’s construction arm L&T Constructi...
The Economic Times  Aug 19  Comment 
Larsen & Toubro is a 'BUY' call with a target of Rs 1585 and a stop loss of Rs 1525.
The Economic Times  Aug 18  Comment 
L&T is a 'BUY' call with a target of Rs 1575 and a stop loss of Rs 1485.
The Hindu Business Line  Aug 17  Comment 
The fund has proved its mettle in rising markets, with mid-caps adding spice
The Hindu Business Line  Aug 13  Comment 
Company not keen on divesting stake, may consider it later, says Managing Director
The Economic Times  Aug 11  Comment 
I definitely believe it is a great pedigree, they already have scale and they need to catch up with the kind of Sundaram, Shriram Transport, L&T Finance.




 
TOP CONTRIBUTORS


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.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki