L&T Construction

L&T Construction is a part of 14 billion Larson & Toubro conglomerate which besides
constructions deals with technology, engineering, manufacturing and financial services
throughout the globe. L&T Construction mainly deals in large industrial and infrastructure
projects and takes care of each and every aspect of construction right from concept
development to commissioning. It is a one stop solution provider for engineering,
procurement as well as construction. The company's capabilities span across the entire
spectrum of construction such as civil, mechanical, electrical and instrumentation
engineering.
It was started by two Danish engineers named Henning Holck-Larsen and Soren Kristian
Toubro in the year 1938 at Bombay (now Mumbai). The onset of World War II in 1939
provided an opportunity for L&T to expand its portfolio in various different fields as well as
countries. It went public in the year 1950.
The company marks its presence across 20 countries worldwide including South Asia, South
East Asia, the Middle East, Russia and Africa. It is one of those few initial companies who
were able to start operations in Gulf countries successfully. It has captured significant share
of market in UAE, Oman, Qatar, Saudi Arabia, Kuwait. L&T has always believed that
progress can only be achieved in harmony with the environment and therefore a commitment
to community welfare and environmental protection is integral to its corporate vision.
L&T Construction straddles six related businesses:

Buildings & Factories

Transportation Infrastructure
Heavy Civil Infrastructure
Power Transmission & Distribution
Water & Renewable Energy
GeoStructure

L&Ts gross sales and other income for the financial year 2013-14 stood at 59,045 crores as
against 54,083 crores for the previous financial year registering an increment of 9%. The
Profit after tax from continuing operations increased by 25%.
L&T Construction is in ever-expanding mode globally and envisions to setup new benchmark
in the field of heavy engineering and mega infrastructural projects. Due to its global
expansion, we conclude that the organisation is in growth stage.