INTRODUCTIO

N
The Larsen & Toubro is the large
worldwide industry is well known as
L&T Ltd. The L&T is the very popular &
reliable brand in national as well as in
international market. In our India is
most popular. L&T Ltd. is related with
various
productions
like
cement,
construction, electrical, starters & in IT.
The L&T Ltd. was established by the
Henning Holck Larsen { July 04, 1907 To
July 27, 2003 } & Soren Kristian Toubro
{ February 27, 1906 To March 04,
1982 }. This two key person made their
dream in to the vision through the
industry L&T Ltd. Today L&T is the
leading business giant & it reached at
every corner of the world. The industry
is playing vital role in increasing
national
productivity.
The
L&Ts
product, L&T Cement is the most
reliable brand in construction area now
it is well known as Ultratech Cement.
L&T also provide wide range in the
production of electrical items. The L&T
is not only profit earning industry but it
gives its great contribution towards

society. The various social programs are

being conducted by L&T Ltd. The L&T is
the industry which is also complete its
responsibility towards environment. In
the city of Ahmednagar L&T constructed
the park & is known as Shahid Bhagat
Singh Udyan. L&T also take various
medical camp for their employees
without charge.

HISTORY
The L&T has a great heritage from
the
establishment.
The
historical
background of L&T is as follow.
L&T was founded in Bombay (Mumbai)
in 1938 by two Danish engineers,
Henning
Holck-Larsen
and
Soren
Kristian Toubro. Both of them were
strongly
committed
to
developing
India's engineering capabilities to meet
the demands of industry.
Beginning with the import of machinery
from Europe, L&T rapidly took on
engineering
and
construction
assignments
of
increasing
sophistication. Today, the company sets
global engineering benchmarks in terms
of scale and complexity. Henning HolckLarsen and Soren Kristian Toubro,

school-mates in Denmark, would not

have dreamt, as they were learning
about India in history classes that they
would, one day, create history in that
land.
In 1938, the two friends decided to
forgo the comforts of working in
Europe, and started their own operation
in India. All they had was a dream. And
the courage to dare.
Their first office in Mumbai (Bombay)
was so small that only one of the
partners could use the office at a time!
In the early years, they represented
Danish
manufacturers
of
dairy
equipment for a modest retainer.

JOURNEY
In 1944, ECC was incorporated.
Around then, L&T decided to build a
portfolio of foreign collaborations. By
1945, the Company represented British
manufacturers of equipment used to
manufacture
products
such
as
hydrogenated oils, biscuits, soaps and
glass.
In 1945, L&T signed an
agreement with Caterpillar Tractor
Company,
USA,
for
marketing
earthmoving equipment. At the end of

the war, large numbers of war-surplus

Caterpillar equipment were available at
attractive prices, but the finances
required were beyond the capacity of
the partners. This prompted them to
raise additional equity capital, and on
7th February 1946, Larsen & Toubro
Private Limited was born.
Independence and the subsequent
demand for technology and expertise
offered
L&T
the
opportunity
to
consolidate and expand. Offices were
set up in Kolkata (Calcutta), Chennai
(Madras) and New Delhi. In 1948, fiftyfive acres of undeveloped marsh and
jungle was acquired in Powai..
In December 1950, L&T became a Public
Company with a paid-up capital of Rs.2
million. The sales turnover in that year
was Rs.10.9 million. Prestigious orders
executed by the Company during this
period included the Amul Dairy at
Anand and Blast Furnaces at Rourkela
Steel
Plant.
With
the
successful
completion of these jobs, L&T emerged
as the largest erection contractor in the
country.
In 1956, a major part of the company's
Bombay office moved to ICI House in
Ballard Estate. A decade later this
imposing
grey-stone
building
was
purchased by L&T, and renamed as L&T
House - its Corporate Office.

The sixties saw a significant change at

L&T - S. K. Toubro retired from active
management in 1962.
The sixties were also a decade
of rapid growth for the company, and
witnessed the formation of many new
ventures: UTMAL (set up in 1960), Audco
India Limited (1961), Eutectic Welding
Alloys (1962) and TENGL (1963).
By 1964, L&T had widened its
capabilities to include some of the best
technologies in the world. In the decade
that followed, the company grew
rapidly, and by 1973 had become one of
the Top-25 Indian companies.
In the decades that followed, the
company grew into an engineering
major under the guidance of leaders like
N. M. Desai, U. V. Rao, S. D. Kulkarni
and A. M. Naik.
Today, L&T is one of India's biggest
and best known industrial organisations
with a reputation for technological
excellence, high quality of products and
services,
and
strong
customer
orientation. It is also taking steps to
grow its international presence.
For an institution that has grown to
legendary proportions, there cannot
and must not be an 'end'.

MOTTO
The motto of L&T is as follow,

Its All About

Imagineering

VISION
The L&T has a wider vision towards world it
like as below,
L&T shall be professionally managed.
Indian Multinational,
Committed to total customer satisfaction,
& enhancing shareholder value.
L&T items shall be an innovative,
Entrepreneurial & Empowered team,
Constantly creating value,
& attaining Global Benchmarks.
L&T shall foster a culture of caring,
Trust & Continuous Learning,
While Meeting expectations of,
Employees, Stakeholders & Society.
This is the vision statement of L&T Ltd.

Mission
L&T Ltd. shall be an innovative and
vibrant team committed to provide
tools and services that meet or exceed
customer expectation through :-

Prompt delivery.
Top quality.
Timely services to support clients
every requirement.
Cost competitiveness.
Technology driven solutions.
An environment of trust, care and
continuous learning.

These are the mission statement of

Industry.

L&T OVERVIEW
L&T Ltd is expanding the capacity of its
electrical & electronics division (EBG)
facility
at
MIDC,
Ahmednagar,
Maharashtra. The new switchboard
manufacturing
plant
will
have
a
constructed area of more than 250,000
sq.
ft.
Construction of the 150,000 sq. ft
factory will be completed by the middle
of fiscal 2007-08. As part of growth
plans for electrical business, the
modular devices factory has started
operations. A plan to expand this
business from 1.5 million units to 10.5
million units is in place and is to be
completed
within
two
years.
The total cost of expansion at the
Ahmednagar unit is Rs 90 crores.
Electrical & Electronics Division
(EBG) is one of the core businesses of
Larsen & Toubro Limited (L&T) - Indias
largest engineering and construction
conglomerate. This division is engaged
in
the
business
of
low
voltage
Switchgear
products,
Electrical
systems,
Energy
meters,
Medical

equipment,
Petroleum
dispensing
pumps and Automation solutions.
This division is the largest
manufacturer of low voltage switchgear
and control gear in India and enjoys
market leadership amidst competition
from
international
players.
A
countrywide network of Stockist takes
care of products distribution along with
a widespread service network.

HIERARCHY
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NON EXECUTIVE DIRECTORS:

S. Rajgopal.
S. N. Talwar.

 M. M. Chitale.
Lt. Gen. Surinder Nath. (Retd.)
U. Sundararajan.
Thomas Mathew T.
N. Mohan Raj.
These are precious Human Asset of L&T
Ltd.

PRODUCT
RANGE OF
L&T
The L&T has wide range of product
that is as follow,
A to Z in Low Voltage Switch gear

Larsen & Toubro's distribution network

for switchgear products covers every
corner of India with branches in all
major Indian cities
and
approved
Stockists
in
major
Indian towns.
You are offered the
widest
range
of
products serving all

needs from Agriculture to Industry.

After-sales Service is available through
well
equipped
Authorized
Service
Centres. three Switchgear Training
Centres located at Pune, Lucknow and
Coonoor
conduct
short
term programmes throughout the year.
Our products are constantly upgraded
to conform to current IS/IEC Standards.

Switches Type
FN

Changeover
Switches Type
FG

Over Current Relays

JOINT
VENTURES
The L&T has various joint ventures that
are like as follow,

L&T-Valdel Engineering Pvt. Limited A joint venture with Bangalore

based
Valdel
Engineers
&
Constructors Pvt. Ltd. It offers
upstream engineering services to
the oil & gas sector.
L&T-Chiyoda Limited - A joint
venture with Chiyoda Corporation of

Japan, it offers international-grade

engineering
services
to
the
hydrocarbon processing industries
that
include
refineries,
petrochemicals,
oil
&
gas
processing, LPG and LNG terminals,
fertilisers, chemicals, etc.

L&T-Sargent & Lundy Limited - A

joint venture with Sargent & Lundy
(USA), it offers a complete range of
engineering and design services for
the power sector.
HPL Cogeneration Limited - Provides
power to Haldia Petrochemicals
Limited.
L&T International FZE - A wholly
owned
subsidiary
of
L&T,
incorporated
in
2001
at
The
Hamriyah Free Zone, Sharjah, United
Arab Emirates. It is the investment
arm of L&T for all international joint
ventures and provides resource for
international projects.
Larsen & Toubro (Oman) LLC - A joint
venture between L&T International
FZE and The Muscat Trading Co. LLC.
This ISO 9001 company offers
products
and
services
in
the
construction
field,
with
specialisation in turnkey projects.

 Larsen & Toubro Electromech LLC

(formerly Zubair Kilpatrick LLC) - A
joint venture company of Larsen &
Toubro International FZE and The
Zubair Corporation in the Sultanate
of Oman. LTEM is engaged in
construction and service sector
through four business units, viz:
MEP
works
(Building Services),
Electrical & Instrumentation works
for Oil and Gas sector, Maintenance
and Construction works in E&I sector
and Facility Management for large
assets.
L&T and Eastern Contracting LLC
Joint Venture - Building a residential
property (295 grandeur villas of
Ground
+
1
configuration,
conforming to 11 different types of
Mediterranean,
Spanish
and
European styles of architecture) in
Dubai Sports City for Victory Heights
Golf Residential and Development
LLC
Larsen & Toubro Readymix Concrete
Industries LLC - A JV between L&T
International FZE and Mr.Shukri
Saleh Yahya Al Braik, an UAE
National. Incorporated in 2006, the
plant in Dubai offers all grades of
concrete
including
specialized

concrete such as
colored concrete.

HPC,

SCC

and

These are some Joint Ventures of L&T

Ltd.

Awards And
Accolades
L&T Ltd. is winner of various awards.
Some of them are,

SGCCI Golden Jubilee Memorial Trust

Award - for outstanding performance
in Export of Engineering Goods for
2004-05. This Award highlights L&T's
export of high-tech, custom-built
equipment worldwide.
Greentech Safety Awards (2005) - by
the
New
Delhi-based
non-profit
organization, Greentech Foundation,
for the effort in industrial safety and
environmental management.
Ethics is Good Business award - from
the New Delhi based PHD Chamber of
Commerce & Industry (PHDCCI).

 India
Manufacturing
Excellence
Award from Frost & Sullivan, 2004.
Environment Excellence Award 200304, Green-tech Foundation.
Business world's survey on "India's
Most Respected Companies", ranked
L&T first in infrastructure sector.
L&T was ranked first in "India's Best
Managed Companies" in a 2008
survey published by Business Today,
India's leading business periodical.

OBSERVATIO
N
We note the following observations of
L&T Ltd.,

Plant is located at the place where

raw material is easily available.
Mechanized
material
equipments are used.

handling

Standard & computer control

production techniques are used.

 Wastage
is
minimum
due
to
computer
control
production
techniques.
Breakdown is negligible because of
alternative production line.
Management
experienced.

team

is

well

Industry provides safety equipments

to line staff like gloves, helmet etc.
Industry
arrange
tanning
workshop for newcomers.

&