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It¶s all about Imagineering
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` SUNNY TOMAR
` PUJA GURU
` RAGHAV MEHTA
` MANGAL
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` Larsen & Toubro Limited (L&T) is a technology, engineering,construction and manufacturing company. It is one of the largestand most respected companies in India's private sector.
` Seven decades of a strong, customer-focused approach and thecontinuous quest for world-class quality have enabled it to attain andsustain leadership in all its major lines of business.
` L&T has an international presence, with a global spread of offices. Athrust on international business has seen overseas earnings growsignificantly. It continues to grow its overseas manufacturing footprint,with facilities in China and the Gulf region.
` The company's businesses are supported by a wide marketing anddistribution network, and have established a reputation for strong
customer support.` L&T believes that progress must be achieved in harmony with the
environment. A commitment to community welfare and environmentalprotection are an integral part of the corporate vision.
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` Company Profile: Larsen & Toubro Limited
` Ticker: 500510
` Exchanges: OTH
` 2010 Sales: Rs43,969.8 crore (US$9.54 billion)
` Major Industry: Machinery & Equipment
` Sub Industry: Construction Machinery
` Country: INDIA
` Employees:38785
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` The L&T visionreflects thecollective goal of the company. Itwas draftedthrough a largescale interactiveprocess which
engagedemployees atevery level,worldwide.
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` The evolution of L&T into thecountry's largest engineering andconstruction organization is amongthe most remarkable success storiesin Indian industry.
` L&T was founded in Bombay
(Mumbai) in 1938 by two Danishengineers, Henning Holck - Larsenand Soren Kristian Toubro.
` Beginning with the import of machinery from Europe, L&T rapidlytook on engineering and constructionassignments of increasingsophistication. Today, the companysets global engineering benchmarksin terms of scale and complexity.
Henning Holck-Larsen(4.7.1907 - 27.7.2003)
Soren KristianToubro(27.02.1906 -
4.3.1982)
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` 1938, the two friends decided to forgo the comforts of working in
Europe, and started their own operation in India.
` 1939,With the start of the Second World War in imports were
restricted, compelling them to start a small work-shop to undertake
jobs and provide service facilities.
` 1940,Germany's invasion of Denmark stopped supplies of Danishproducts. They started manufacturing dairy equipment indigenously.
These products proved to be a success, and L&T came to be
recognized as a reliable fabricator with high standards.
` 1944, ECC was incorporated. Around then, L&T decided to build a
portfolio of foreign collaborations.
` 1945, L&T signed an agreement with Caterpillar Tractor Company,
USA, for marketing earthmoving equipment.
` 1946, Larsen & Toubro Private Limited was born.
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` 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
` 1962,The sixties saw a significant change at L&T - S. K. Toubro retired
from active management .
` The sixties were also a decade of rapid growth for the company, and
witnessed the formation of many new ventures: UTMAL (1960), AudcoIndia Limited (1961), Eutectic Welding Alloys (1962) and TENGL (1963).
` 1964, L&T had widened its capabilities to include some of the best
technologies in the world. In the decade that followed, the company
grew rapidly.
` 1973,L & T had become one of the Top-25 Indian companies.
` 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.
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J. P. NAYAKWhole-time Director &President
(Machinery & Industrial Products)
A.M. NAIKChairman & ManagingDirector
Y.M.DEOSTHALEEWhole-timeDirector &
Chief FinancialOfficer
K. VENKATAR AM ANANWhole-time Director & President
(Engineering & ConstructionProjects)
R. N.MUKHIJ AWhole-time Director & President
(Electrical &Electronics)
K. V. R ANGSWAMIWhole-timeDirector &President
(Construction)
V. K. M AGAPUWhole-time Director & Senior Executive Vice President
(IT & Technology Services)
M. V. KOTWALWhole-time
Director & Senior Executive VicePresident
(Heavy Engineering)
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In every sphere of L&T's operations, technologyis the key enabler, reinforcing its leadership position, andsustaining its competitive strengths. While for some,technology is a means to an end, for L&T, technologyrepresents endless possibilities.
` Engineering and Construction
` Manufacturing
` Technology Services
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` Engineering and construction projects
` Construction
` Heavy Engineering
` Power ` Electrical and Electronics
` Machinery and Industrial products
` IT & Technology Services
` Financial Sevices
` Railway Projects
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` L&T Special steels & Heavy Forging Pvt. Ltd
` L&T cyber park development and constr. Ltd.
` L&T Crossroads Limited
` L&T Metro tunneling group (MTG)` L&T Heavy engineering LLC oman.
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` L&T has a global presence. A thrust oninternational business over the years has seenoverseas revenues growing steadily.
` The company has manufacturing facilities inIndia, China, Oman and Saudi Arabia.
` It has a global supply network with offices in 10 locations worldwide, including Houston,London, Milan, Shanghai, Seoul.
` Customers include global majors in over 30 countries.
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` L&T Power, Joint Venture of L&T and Sargent &Lundry U.S.A
` Engineering and Construction
` Information Technology (L&T InfoTech)` Manufacturing (L&T Kotmatsu Ltd.)
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1. The World's largest Tubular Reactor for a petrochemical plant
2. The world's largest Continuous Catalyst Reactor
3. The world's largest Fluid Catalytic Cracking Regenerator
4. The world's longest Product Splitter
5. The world's longest LPG pipeline
6. Asia's highest Viaduct
7. The first to offer electrical distribution products & systems engineered
for tropical environments
8. India's first indigenous Hydrocracker Reactor
9. India's first open sea jetty
10. India's biggest Offshore Oil Platform
11. India's longest Coal Conveyor
12. India's widest range of Low Tension Electrical Switchgear
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` MAJOR AWARDS
-L&T wins social development award from
Bombay chamber of commerce.
-M
r.A.M
.Naik wins µCEO
of the year¶award fromISTD ,Banglore
-ICAI Award
-National Top Exporters Trophy
-Emerging Global Company Award
- L&T-Komatsu (LTK) bags energy efficiency andconservation awards.
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` L&T believes that the true and full measure of growth, successand progress lies beyond balance sheets or conventionaleconomic indices. It is best reflected in the difference thatbusiness and industry make to the lives of people. Through its
social investments, L&T addresses the needs of communitiesresiding in the vicinity of its facilities, taking sustainableinitiatives in the areas of heath, education, environmentconservation, infrastructure and community development.
` The company proactively provides assistance in situationssuch as natural calamities and assists victims of nature's fury
or social neglect. Many social initiatives are undertaken inpartnership with government agencies andNGOs.
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` The engineering giant Larsen andToubro is surprising all of us withits tremendous forceful rise atregular intervals. Such price-volume break outs are of significance. Sellers are raisingtheir prices at will and yet thereare enough buyers paying thoseprices. So it means it is a good'buy' even at these levels. If market corrects, this stockshould correct the least. Smartmoney would find this one a safeplace to invest. Larsen wouldreach Rs 3000 by Mar 08 but now
we need to revise our targetsupwards. It had reached Rs 5000 by Oct 08.
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` Sensex slips below 11K again; L&T tumbles
11%
` Sensex sheds 320 pts; L&T down 10%.` India shares drop 5.9 pct; Reliance, L&T lead
fall
` L&T Info to delay IPO on U.S. recession
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` While macro economic fundamentals continue to inspireconfidence, the recent slowdown in the industrial sectors,coupled with the spike in input costs, particularly oil, andthe credit squeeze, may impact the ability of the capitalgoods sector to sustain the growth momentum in the near
term. Despite this, in view of the current pace of hydrocarbon & infrastructure development in the countryand the neighboring regions as well as L&Ts entry intomanufacturing of super-critical boilers and super-criticalsteam turbines & generators , the prospects for growthappear promising. The Company¶s businesses are geared to
harness the full potential of the emerging opportunities.
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"It is our ability to
anticipate the future
and react accordinglythat will determine
our success".
- HENNING
HOLCK
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THAN
K Y
OU