Larsen and Toubro (L&T) announced on Wednesday that they have successfully secured noteworthy engineering, procurement, and construction (EPC) contracts from the domestic market for their buildings and factories division. These orders signify a substantial achievement for Larsen and Toubro (L&T) and highlight their continued prominence in the industry.
With their expertise in executing large-scale projects, L&T has once again proven their prowess in delivering high-quality infrastructure solutions. The company’s dedication to excellence and commitment to meeting client requirements have undoubtedly contributed to their continued success in securing significant projects in the buildings and factories sector.
During the month of April, L&T achieved significant milestones in various sectors. One notable accomplishment was the procurement of a substantial contract valued between Rs 1,000- Rs 2,500 crore in Rajasthan for its Hydrocarbon Business, operating under the Advent (Advanced Value Engineering and Technology) business vertical.
Furthermore, L&T’s hydrocarbon division secured multiple contracts worth over Rs 7,000 crore in the Middle East region on April 5. Additionally, L&T Construction triumphed by securing orders ranging from Rs 1,000- Rs 2,500 crore for its Power Transmission & Distribution Business in Gujarat, marking another noteworthy achievement.
These remarkable successes showcase L&T’s strong presence and expertise across different industries.
Larsen and Toubro Ltd. (L&T), a renowned multinational conglomerate, recently announced that its Power Transmission & Distribution (PT&D) Business under L&T Construction has successfully secured noteworthy Engineering, procurement, and construction (EPC) contracts both within India and internationally.
L&T considers orders valued between Rs 1,000 crore to Rs 2,500 crore as significant. Following this exciting news, the company’s stock experienced a 1 percent increase from its previous low point.
Larsen & Toubro (L&T) recently announced that it has secured a significant contract for the power supply system in the second phase of the Chennai Metro project. This development further showcases L&T’s prowess in the transportation infrastructure sector.
Additionally, the company’s Power Transmission and Distribution (PT&D) Business division has achieved success in the international market by winning an order to provide a comprehensive solution for a 132kV substation in the United Arab Emirates.
The scope of work includes supply, construction, testing, and commissioning of the substation, highlighting L&T’s commitment to delivering high-quality projects globally.
L&T, formally known as Larsen & Toubro Ltd, is a renowned Indian multinational conglomerate corporation based in Mumbai. The company has a diverse portfolio spanning engineering, construction, manufacturing, technology, information technology, and financial services.
L&T holds a prominent position among the leading construction enterprises globally. Established by Henning Holck-Larsen and Søren Kristian Toubro, two Danish engineers who sought solace in India, the company has evolved into a symbol of excellence and innovation in various industries.
In 1946, ECC (Engineering Construction & Contracts) was established by its partners with a primary focus on construction projects. ECC eventually became the construction division of L&T. During this period, Larsen & Toubro initiated various international collaborations.
By 1947, the company took on the representation of British manufacturers involved in the production of items like hydrogenated oils, biscuits, soaps, and glass. Additionally, in the same year, L&T entered into an agreement with Caterpillar Tractor Company based in the United States to market earthmoving equipment.
After the war, a surplus of Caterpillar equipment became available at favorable prices. However, the financial requirements exceeded the partners’ capacity, leading them to raise additional equity capital. Consequently, on 7 February 1946, Larsen & Toubro Private Limited was officially incorporated.
L&T is committed to achieving a significant reduction in Aggregate Technical & Commercial (AT&C) losses nationwide through the latest order received under the Reforms-based Results-linked Distribution Sector Scheme (RDSS) through its PT&D business.
The organization has made a pledge to implement various enhancements in distribution infrastructure, such as feeder segregation, reconductoring, cabling, and the expansion of line networks and components.
In addition, L&T has been entrusted with the responsibility of designing, supplying, installing, and commissioning Receiving Substations (RSS), Auxiliary Substations (ASS), and a SCADA system for the northern sections of Corridors 3 and 5 in the second phase of the Chennai Metro.
L&T, a leading engineering and construction company, has been recognized for its outstanding achievements in various domains. In the Middle East, L&T secured the prestigious second position in the Top 25 EPC Contractors 2022 list by Oil & Gas Middle East.
Additionally, it gained recognition in India, where it ranked fourth in the esteemed 2021 LinkedIn Top Companies list. L&T Hydrocarbon, a division of the company, showcased its excellence by winning the Federation of Indian Petroleum Industry (FIPI) ‘Engineering Procurement Construction (EPC) – Company of the Year’ Award for 2020. Furthermore, L&T’s dedication to quality and excellence has been acknowledged multiple times.
In 1997, the Bengaluru Works division of our organization was awarded the esteemed ‘Best of all’ Rajiv Gandhi National Quality Award. L&T Power also demonstrated its commitment to quality and governance by receiving the esteemed ‘Golden Peacock National Quality Award – 2012’ at the 23rd World Congress on ‘Leadership & Quality of Governance’ in 2013.
Lastly, L&T’s commitment to its employees was acknowledged when it ranked at an impressive No.22 among the World’s Best Employers and claimed the top spot in India in Forbes’ 2018 rankings. These accolades reflect L&T’s dedication to excellence, innovation, and its position as a global leader in the engineering and construction industry.
Proofread & Published By Naveenika Chauhan
