Larsen & Toubro Ltd
Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate, with business interests in engineering, construction, manufacturing, technology and financial services, headquartered in Mumbai. It was founded by two Danish engineers taking refuge in India. Larsen & Toubro originated from a company founded in 1938.
As of 2020, L&T Group comprises 118 subsidiaries, 6 associates, 25 joint-venture and 35 joint operations companies, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services. They are engaged in core, high impact sectors of the economy and their integrated capabilities span the entire spectrum of ‘design to delivery’. Every aspect of L&T’s businesses is characterised by professionalism and high standards of corporate governance. Sustainability is embedded into their long-term strategy for growth. The Company’s manufacturing footprint extends across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.
Three key products/services which L&T is engaged in are: Construction and project-related activity; manufacturing and trading activity; and engineering services. Some of the services provided by the company are: Power generation, Infrastructure, Construction, Heavy industry, IT Services, Rapid transit, Financial Services, Shipbuilding, Real estate, Defence.
The company focuses on various targets to achieve sustainability. These targets are: green portfolio, energy conservation, energy consumption, carbon emissions, water conservation, safety, health, material management, education. For the FY21, CSR Spend by the company was Rs 150.01 crore in total.
Their shareholding pattern consists of Public having 44.14% shares, Government having 0.23% following by FII’s having 22.88% shares and DII’s with 32.75% shares.
