Larsen and Toubro (L&T)
The engineering sector is the largest of the industrial sectors in India, as it accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing, and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - hydrocarbon, infrastructure, power, process industries and defence - for customers in over 30 countries around the world.
The company is engaged in core, high impact sectors of the economy and its integrated capabilities span the entire spectrum of ‘design to deliver’. With eight decades of a strong, customer focused approach and a continuous quest for world-class quality, it has unmatched expertise across technology, engineering, construction, infrastructure projects, and manufacturing, and maintains leadership in all major lines of its businesses. The company’s manufacturing footprint extends across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.
- Manufacturing footprint in eight countries in addition to India
- Ranked 127th out of 750 companies on Forbes’ World’s Best Employers for 2021.
- Recognised as one of the world’s top 5 fabricators
- Consolidated total income of Rs. 186,269.87 crore (US$ 22.65 billion) in FY23.
Larsen and Toubro (L&T) – It’s all about Imagineering
| Year | Milestone |
|---|---|
| 2023 |
In May 2023, the Buildings & Factories (B&F) Business of Larsen & Toubro (L&T) Construction has recently secured EPC orders in India from a reputed developer to construct residential towers in Thane, Mumbai. The President of India, Ms. Droupadi Murmu, on May 4, 2023 laid the foundation stone for L&T Skill Training Hub at Pahadpur in Odisha’s Mayurbhanj district. L&T partnered with SLS Trust to establish the Skill Training Hub on five acres of land for providing underprivileged youth from the region training in construction skills, and in turn, making them self-reliant. In February 2023, L&T Heavy Engineering (HE) became the first entity in India to be certified as per ISO 19443:2018. This nuclear sector-specific quality management system (QMS), published in 2018, is specifically designed to improve quality and safety across the nuclear supply chain. In January 2023, L&T Technology Services Limited announced to acquire the Smart World & Communication (SWC) Business of L&T, to combine synergies and take offerings in Next-Gen Communications, Sustainable Spaces and Cybersecurity to the global market. |
| 2022 |
In November 2022, L&T Infotech and Mindtree merged to make India's 5th-largest IT company, LTIMindtree, that will help businesses proactively take on and shape the future by harnessing the full power of digital technologies. In November 2022, one of the top renewable energy businesses in the world, the prestigious Greenko group, has given a contract to Larsen & Toubro's Heavy Civil Infrastructure Business for the construction of an off-stream pumped storage project in Madhya Pradesh. In February 2022, Larsen & Toubro’s hydrocarbon business bagged two 'significant' offshore projects from an overseas client. In February 2022, Larsen & Toubro’s construction arm secured a 'significant' order to construct hi-tech IT parks at eight locations across Bangladesh, funded by the Indian EXIM Bank. |
| 2021 |
In September 2021, Larsen & Toubro (L&T) announced that it will participate in the Expo 2020, Dubai to be held from October 5, 2021, to March 31, 2021, as part of the Indian pavilion. L&T plans to demonstrate its capabilities in hydrocarbon engineering, and businesses such as water-effluent treatment, power transmission and distribution. Signed an agreement to acquire Cuelogic Technologies, a digital engineering and outsourced product development company, headquartered in Pune, India. Partnered with Amazon Web Services (AWS) to launch a dedicated cloud unit for AWS, which will focus on migration and modernisation, SAP application workloads, data analytics, and the Internet of things (IoT). Entered into a share purchase agreement to purchase 6.35% stake in help Lightning Inc., a Delaware Corporation. |
| 2020 |
L&T won multiple orders for the business of construction and mining equipment. L&T Construction secured a major contract to build India's longest road bridge connecting Dhubri in Assam to Phulbari in Meghalaya via the Brahmaputra River. L&T Construction secured a mega contract to build India’s first high-speed rail corridor. L&T Construction received significant category orders for its metallurgical and material handling business from Northern Coalfields Ltd. Bagged contract for Dadri - Khurja and Sahnewal - Khurja sections of the Eastern Dedicated Freight Corridor (EDFC) Signed a memorandum of understanding (MoU) with ideaForge to offer drones and allied systems for defence use L&T bagged 50 MW solar project in Tamil Nadu |
| 2019 |
Acquired equity shares to an extent 60% of the total shareholding of Mindtree |
| 2018 |
Order booked of Rs. 281,000 crore (US$ 40.07 billion) as of end of September 2018 |
| 2017 |
Received 'Best Capital Projects & Infrastructure Risk Management Award' at the India Risk Management Awards event organised by CNBC TV18 |
| 2016 |
Company set an aim to achieve Rs 2 trillion (US$ 30 billion) in revenue by 2021 |
| 2015 |
Successfully flagged off India's first Nuclear 700 MWe Steam Generator for Kakrapar nuclear power plant |
| 2012 |
The group's financial arm L&T Finance Holdings entered into the housing finance business by acquiring Indo Pacific Housing Finance Ltd |
| 2010 |
Signed an MoU with Rolls-Royce Corporation for cooperation to effectively address the projected need for light water reactors |
| 2007 |
Tied up with Japan's Toshiba Corporation and Mitsubishi Heavy Industries for setting up manufacturing facilities for super-critical turbines and boilers |
| 2005 |
Approved divestment of stake in L&T-John Deere Pvt Ltd |
| 2003 |
Transferred their cement business to Ultra Tech Cement Ltd |
| 1997 |
Formed a Joint Venture (JV) with Deere Pvt Ltd to manufacture agricultural tractors |
| 1983-84 |
Started a cement plant with 1 MTPA capacity in Maharashtra |
| 1981-82 |
Acquired two bulk shipping carriers from Japan |
| 1950 |
Became a public company |
| 1946 |
Incorporated as a private limited company |
| 1938 |
Found as a partnership firm |
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