Company Research Report: Larsen & Toubro Limited (L&T)

Company Overview

Name: Larsen & Toubro Limited (L&T)

Mission: No information is available.

Founded: 1938

Founders: Henning Holck-Larsen and Søren Kristian Toubro

Key People:

A. M. Naik - Chairman Emeritus

S. N. Subrahmanyan - Chairman & Managing Director

R. Shankar Raman - President, Whole-time Director & CFO

Subramanian Sarma - Whole-time Director & President, Energy

S. V. Desai - Whole-time Director & Sr. Executive Vice President (Civil Infrastructure)

T. Madhava Das - Whole-time Director & Sr. Executive Vice President (Utilities)

Anil. V. Parab - Whole-Time Director & Sr. Executive Vice President (Heavy Engineering & L&T Valves)

Several other Independent Directors listed

Headquarters: L&T House, N.M. Marg, Ballard Estate, Mumbai, Maharashtra - 400 001, India

Number of Employees: No information is available.

Revenue: ₹ 61,555 crore for the quarter ended September 30, 2024

What the Company is Known For: L&T is known for its technology, engineering, construction, manufacturing, and financial services capabilities. It is one of the largest and most respected companies in India's private sector.

Products

Construction

Buildings & Factories

Transport Infrastructure

Heavy Civil Infrastructure

Smart World & Communication

Water & Renewable Energy

Power Transmission & Distribution

GreenTech

Green Manufacturing and Development: Focused on the Green Energy Value Chain.

Hydrocarbon

Design-to-Build Solutions: For integrated offshore and onshore projects globally.

Power

Supercritical Thermal Power Plants: Concept-to-commissioning services offered.

Minerals & Metals

EPC Projects: Focus on ferrous and non-ferrous metal industries, bulk material, and ash handling systems.

Heavy Engineering

Custom Equipment & Critical Piping: For process industries and sectors such as aerospace and nuclear power.

Precision Engineering & Systems

Indigenous, Design-to-Realisation Solutions: Covering a wide range of equipment and systems.

Shipbuilding

Warships & Naval Platforms: From concept to design for new builds and repairs.

Construction & Mining Machinery

Equipment Manufacturing and Distribution: Includes after-sales support.

L&T Valves

Flow-Control Solutions: Critical services catering globally.

LTIMindtree

Technology Consulting and Digital Solutions: Enables enterprise transformation through technology.

L&T Technology Services

Design and Development Solutions: Across major industries and geographical locations.

L&T Metro Rail

Hyderabad Metro Rail Project: A public-private partnership model offering sustainable transport solutions.

L&T Finance

Financial Products & Services: For both urban and rural markets.

L&T Realty

Commercial & Residential Properties: Sustainable design with a focus on communities.

Recent Developments

New Products and Services

No new products have been explicitly listed.

Partnerships and Collaborations

1. Strategic Partnership with E2E Networks: Accelerating cloud and AI innovations for Indian enterprises.

Business Expansion and Initiatives

1. L&T Energy CarbonLite Solutions: Received 'Limited Notice to Proceed' (LNTP) from NTPC Ltd. for thermal power plants in Madhya Pradesh and Bihar.
2. New Orders in Power Transmission & Distribution: Expansion efforts in the Middle East and Africa to enhance electricity grids using high-voltage technology.

Financial Performance

Achieved consolidated revenues of ₹ 61,555 crore for the quarter ended September 30, 2024, marking a 21% growth year-on-year.

International revenues account for 52% of the total revenue, reflecting substantial international operations and order books in Projects & Manufacturing.

Sustainability Efforts

Committed to Carbon Neutrality by 2040 and Water Neutrality by 2035.

Integrated Environmental, Social, and Governance (ESG) parameters into business operations.

Active Corporate Social Responsibility initiatives focused on water conservation, education, skill development, and health.

Awards and Recognitions

Among the Top 10 in the Randstad Employer Brand Report 2024.

Multiple awards for quality, sustainability, corporate governance, and innovation over the years.

This market research report provides a detailed overview of Larsen & Toubro Limited, highlighting its foundational history, broad business portfolio, recent strategic maneuvers, and enduring commitment to sustainable growth.