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It’s all about Imagineering
A SPECIAL DEDICATION
TO PROF. B.A Karpagam
OF THE SUBJECT
M. who also gave of their time to write. . Encouragement and support were received from the honorable PROF. comment and review the text and attend the discussion gatherings.S DEPARTMENT of SARAF INSTITUTE which also oversaw the initiation of the project including both the sectorals. Technical and organizational support for the project was provided by the B. from a wide range of well wishers.ACKNOWLEDGEMENT The overall chair for this project on LARSON & TOUBRO was Miss KOMAL RAJPUT(47).SHILPA. All the other group members were co-chairs of the development of the sectoral. The co-chairs of the source/subject level expert groups provided their time and expertise along with other experts.
39 RAJPREET – 4 ARTI – 11 AKSHI – 26 .GROUP MEMBERS KOMAL – 47 KHYATI – 51 PREKSHA – 23 KHATUN .
000 Major Industry: Machinery & Equipment Sub Industry: Construction Machinery Country: INDIA Employees:31941 .900.PROFILE Company Profile: Larsen & Toubro Limited Ticker: 500510 2008 Sales: 292.000.
construction and manufacturing company.OVERVIEW Larsen & Toubro Limited (L&T) is a technology. with facilities in China and the Gulf region. A commitment to community welfare and environmental protection are an integral part of the corporate vision. and have established a reputation for strong customer support. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint. customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business. engineering. L&T has an international presence. L&T believes that progress must be achieved in harmony with the environment. Seven decades of a strong. It is one of the largest and most respected companies in India's private sector. The company's businesses are supported by a wide marketing and distribution network. . with a global spread of offices.
the company sets global engineering benchmarks in terms of scale and complexity.Larsen and Soren Kristian Toubro.HISTORY The evolution of L&T into the country's largest engineering and construction organization is among the most remarkable success stories in Indian industry. L&T was founded in Bombay (Mumbai) in 1938 by two Danish engineers. Today. Henning Holck . Beginning with the import of machinery from Europe. Henning Holck-Larsen Soren Kristian Toubro . L&T rapidly took on engineering and construction assignments of increasing sophistication. Both of them were strongly committed to developing India's engineering capabilities to meet the demands of industry.
K. and renamed as L&T House . the two friends decided to forgo the comforts of working in Europe. Audco India Limited (1961). The sales turnover in that year was Rs. and started their own operation in India. Eutectic Welding Alloys (1962) and TENGL (1963).10. By 1964.HISTORY IN A NUTSHELL 1938. L&T decided to build a portfolio of foreign collaborations. Today. and L&T came to be recognized as a reliable fabricator with high standards. These products proved to be a success. high quality of products and services. Larsen & Toubro Private Limited was born. In 1944. compelling them to start a small work-shop to undertake jobs and provide service facilities. L&T became a Public Company with a paid-up capital of Rs. He retired as Chairman in 1978. They started manufacturing dairy equipment indigenously.9 million In 1956. On 7th February 1946. In December 1950. USA. L&T had widened its capabilities to include some of the best technologies in the world. With the start of the Second World War in 1939. Toubro retired from active management in 1962 The sixties were also a decade of rapid growth for the company. In 1948. and by 1973 had become one of the Top-25 Indian companies In 1976. In the decade that followed. imports were restricted. It is also taking steps to grow its international presence. L&T is one of India's biggest and best known industrial organisations with a reputation for technological excellence.2 million.S. Holck-Larsen was awarded the Magsaysay Award for International Understanding in recognition of his contribution to India's industrial development.its Corporate Office. fifty-five acres of undeveloped marsh and jungle was acquired in Powai. Germany's invasion of Denmark in 1940 stopped supplies of Danish products. Around then. In 1945. for marketing earthmoving equipment. ECC was incorporated. and witnessed the formation of many new ventures: UTMAL (set up in 1960). The sixties saw a significant change at L&T . . L&T signed an agreement with Caterpillar Tractor Company. A decade later this imposing grey-stone building was purchased by L&T. a major part of the company's Bombay office moved to ICI House in Ballard Estate. the company grew rapidly. and strong customer orientation.
VISION The L&T vision reflects the collective goal of the company. . worldwide. It was drafted through a large scale interactive process which engaged employees at every level.
Customers include global majors in over 30 countries.GLOBAL PRESENCE L&T has a global presence. The company has manufacturing facilities in India. China. including Houston. . London. Milan. Shanghai. It has a global supply network with offices in 10 locations worldwide. Oman and Saudi Arabia. Seoul. A thrust on international business over the years has seen overseas revenues growing steadily.
AWARDS & RECOGNITION MAJOR AWARDS IN THE YEAR 2007-08 -IMC Ramkrishna Bajaj National Quality Award -Amity Corporate Excellence Award 2007 -ICAI Award -National Top Exporters Trophy -Emerging Global Company Award .
SUBSIDARIES AND ASSOCIATES The L&T Group has a number of subsidiaries & associates worldwide Engineering and construction Machinery and Industrial products Information Technology Financial Services .
BOARD OF DIRECTORS .“ . all the directors on our board are conscious of our responsibility in transforming the organisation to make it truly world class. to ensure its continued long term success and growth.ORGANISATION STRUCTURE "The company that we run has a strong heritage of professionalism that places the highest value on merit and integrity. In the 70th year of the existence of L&T.
MAGAPU Whole-time Director & Senior Executive Vice President (IT & Technology Services) (Heavy Engineering) . KOTWAL Whole-time Director & Senior Executive Vice President V. RANGSWAMI Whole-time Director & President (Construction) M. VENKATARAMANAN Whole-time Director & President (Engineering & Construction Projects) K. K. MUKHIJA Whole-time Director & President (Electrical & Electronics) Y. N. NAIK Chairman & Managing Director J. NAYAK Whole-time Director & President (Machinery & Industrial Products) R. V. P. M.EXECUTIVE DIRECTORS A. DEOSTHALEE Whole-time Director & Chief Financial Officer K. M. V.
to ensure its continued long term success and growth. In the 70th year of the existence of L&T. all the directors on our board are conscious of our responsibility in transforming the organisation to make it truly world class.ORGANISATION STRUCTURE "The company that we run has a strong heritage of professionalism that places the highest value on merit and integrity.“ .BOARD OF DIRECTORS .
The world's largest Fluid Catalytic Cracking Regenerator 4. India's longest Coal Conveyor 12. India's biggest Offshore Oil Platform 11. The world's longest Product Splitter 5. India's first open sea jetty 10. India's widest range of Low Tension Electrical Switchgear . 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. The World's largest Tubular Reactor for a petrochemical plant 2. The world's largest Continuous Catalyst Reactor 3. The world's longest LPG pipeline 6.GLOBAL PRESENCE 1.
reinforcing its leadership position. for L&T. While for some. Engineering and Construction Manufacturing Technology Services . technology is the key enabler. and sustaining its competitive strengths. technology is a means to an end.TECHNOLOGY In every sphere of L&T's operations. technology represents endless possibilities.
CORPORATE SOCIAL RESPONSIBILITIES L&T believes that the true and full measure of growth. taking sustainable initiatives in the areas of heath. L&T addresses the needs of communities residing in the vicinity of its facilities. Through its social investments. It is best reflected in the difference that business and industry make to the lives of people. The company proactively provides assistance in situations such as natural calamities and assists victims of nature's fury or social neglect. Many social initiatives are undertaken in partnership with government agencies and NGOs. education. infrastructure and community development. success and progress lies beyond balance sheets or conventional economic indices. . environment conservation.
Sellers are raising their prices at will and yet there are enough buyers paying those prices. . Such pricevolume break outs are of significance. Smart money would find this one a safe place to invest. Larsen would reach Rs 3000 by Mar 08 but now we need to revise our targets upwards. this stock should correct the least.STOCK PRICE The engineering giant Larsen and Toubro is surprising all of us with its tremendous forceful rise at regular intervals. If market corrects. It had reached Rs 5000 by Oct 08. So it means it is a good 'buy' even at these levels.
. Mumbai-based Larsen said in a statement today. or 11.RECENT PROFITS Net income in the three months ended Dec.24 rupees.8 billion rupees.46 billion rupees. Six analysts in a Bloomberg News survey had a median estimate of 4.82 billion rupees ($122 million).44 billion rupees. Sales rose 55 percent to 63. 31 climbed 40 percent to 4. a year earlier. or 16. from 3.21 rupees a share.
MERGERS AND ACQUISITIONS Tamco Corporate Holdings. China. transfer this business to Lafarge Aggregates India Private Limited and divested the stake in HPL Cogeneration. Indonesia and Australia. . Malaysia which has manufacturing facilities in Malaysia. Medium Voltage switchgear technology Strategic stakes in some of the key vendors for ensuring availability of raw materials. Exit the Ready Mix Concrete business.
The Company’s businesses are geared to harness the full potential of the emerging opportunities. . in view of the current pace of hydrocarbon & infrastructure development in the country and the neighboring regions as well as L&Ts entry into manufacturing of super-critical boilers and super-critical steam turbines & generators . and the credit squeeze. the prospects for growth appear promising.OUTLOOK While macro economic fundamentals continue to inspire confidence. coupled with the spike in input costs. particularly oil. may impact the ability of the capital goods sector to sustain the growth momentum in the near term. the recent slowdown in the industrial sectors. Despite this.
.CONCLUSION "It is our ability to anticipate the future and react accordingly that will determine our success".HENNING HOLCK .
THANK YOU .
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