|May 26, 2017|
|May 26, 2017|
Currency in INR
Engineering & Construction
|Full time employees:||43,354|
Larsen & Toubro Ltd. operates as an investment holding company. Through its subsidiaries, it engages in technology, engineering, construction, manufacturing and financial activities. It operates through the following segments: Infrastructure, Power, Metallurgical and Material Handling, Heavy Engineering, Electrical and Automation, Machinery and Industrial Products, Hydrocarbon, IT and Technology Services, Financial Services, Developmental Projects and Others. The Infrastructure segment comprises of engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution and water and renewable energy projects. The Power segment comprises of turnkey solutions for Coal-based and Gas-based thermal power plants including power generation equipment with associated systems and balance-of-plant packages. The Metallurgical and Material Handling segment comprises manufacture and supply of custom designed, engineered critical equipment and systems to core sector industries like fertilizer, refinery, petrochemical, chemical, oil and gas, thermal and nuclear power, aerospace and defense. The Electrical and Automation segment comprises manufacture and sale of low and medium voltage switchgear components, custom built low and medium voltage switchboards, electronic energy meters protection systems and control and automation products. The Machinery and Industrial Products segment comprises manufacture and sale of rubber processing machinery and castings, manufacture and marketing of industrial valves, construction equipment and industrial products. The Hydrocarbon segment completes Engineering Procurement and Construction solutions for the global Oil and Gas Industry from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning. The IT and Technology Services segment comprises of information technology and integrated engineering services. The Financial Services segment comprises retail and corporate finance, housing finance, infrastructure finance, general insurance, asset management of mutual fund schemes and related advisory services. The Developmental projects segment comprises development, operation and maintenance of basic infrastructure projects, toll collection including annuity based projects, power development, development and operation of port facilities and providing related advisory services. The Others segment include realty, shipbuilding and integrated engineering services. The company was founded by Henning Holck-Larsen and Soren Kristian Toubro in 1938 and is headquartered in Mumbai, India.
Larsen & Toubro is India's largest construction and engineering company. It builds industrial plants and ships, and is also involved in the development of infrastructure such as roads and railroads. The company boasts an order backlog worth more than 1 trillion rupees.
The company was established in 1938 in Mumbai as a trader of dairy equipment by two Danish men, Henning Holck-Larsen and Soren Kristian Toubro. It began to engage in ship repair during World War II and gradually expanded its business to cover construction and engineering.
Larsen & Toubro grew rapidly in the 1960s and came to rank among India's top companies in the 1970s. Abroad, the company has been involved in industrial plant construction and airports in the Middle East.
The company has recently landed a railroad construction contract as part of the government-backed Delhi-Mumbai Industrial Corridor (project aimed at developing industrial zones spanning across six states in India which would spur economic development in the region and develop industries), which will link the two cities with new industrial zones and large-scale infrastructure.
As the company expanded, the founders sold off their shareholdings. Larsen & Toubro is one of few large Indian corporations whose management is not dominated by any family clan. While Life Insurance Corp. of India, a state-owned entity, is the largest shareholder, no one owns a controlling stake in the company. It faced a takeover bid from Indian conglomerate Reliance Group in the 1980s.
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- Local currency
- US Dollar
|Income before tax||80,866.5M|
|Dividends per share||18.25|
|Operating cash flow||-62,806M|
Currency in INR
|Income before tax||1,235.15M|
|Dividends per share||0.27|
|Operating cash flow||-959.29M|
Currency in USD
- President, Executive Director & Deputy MD: Sekharipuram Narayan Subrahmanyan
- Chief Financial Officer & Executive Director: Ramamurthi Shankar Raman
- Secretary, Executive VP & Compliance Officer: Narayana Swamy Hariharan
- Vice President & Head-Engineering Division: Umayi Kuppusamy Kalyanaramudu
- Director, SEVP-Buildings, Minerals & Metals: M. V. Satish
- Life Insurance Corp. of India(15.6%)
- L&T Employee Welfare Foundation(12.2%)
- The Specified Undertaking of the Unit Trust of India(6.5%)
- HDFC Asset Management Co. Ltd.(3.3%)
- ICICI Prudential Asset Management Co. Ltd.(2.0%)
- General Insurance Corp. of India (Invt Port)(1.8%)
- ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.6%)
- GIC Pte Ltd. (Investment Management)(1.5%)
- SBI Funds Management Pvt Ltd.(1.2%)
- BlackRock Fund Advisors(1.0%)
- Website: http://www.larsentoubro.com
- Address: L&T House, Ballard Estate, Mumbai, 400001, India
- Phone: +91.22.67525656
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