Constructing for the future

Written by MG Arun | Updated: May 24 2008, 10:46am hrs
Larsen & Toubro Limited (L&T) is a technology-driven engineering and construction organisation, and one of the largest companies in Indias private sector. It has further interests in manufacturing, services and information technology and has a leadership position in many of its major lines of business across seven decades. L&T has an international presence with a global spread of offices and factories and offices located around India, supplemented by a comprehensive marketing and distribution network.

L&Ts engineering and construction track record consists of successful implementation of turnkey projects in major core and infrastructure sectors of the Indian industry. L&T has integrated its strengths in process technology, basic and detailed engineering, equipment fabrication, procurement, project management, erection and construction, and commissioning, to offer single-point responsibility under stringent delivery schedules. In heavy engineering, L&T is acknowledged as one of the top five fabrication companies in the world, with engineering and manufacturing capabilities that are among the most sought after in the industry.

Shipbuilding represents a new thrust in the high technology manufacturing space. L&T has a shipyard capable of constructing vessels of up to 150 metre in length and displacement of 20,000 tonne at its heavy engineering complex at Hazira on Indias west coast. ECCthe Engineering Construction & Contracts Division of L&T - is Indias largest construction organisation. Many of the countrys prized landmarkshave all been built by L&T.

L&T is an international manufacturer of a wide range of electrical and electronic products and systems. In the electrical segment, the company holds a leadership position in low tension switchgear in India, and is rapidly establishing itself in international markets.

Larsen & Toubro Infotech Limited, a 100% subsidiary of L&T, offers comprehensive, end-to-end software solutions and services with a focus on manufacturing, BFSI, and communications and embedded systems.

L&T also manufactures, markets, and provides service support for critical construction and mining machinery surface miners, hydraulic excavators, aggregate crushers, loader backhoes, and vibratory compactors; supplies a wide range of rubber processing machinery and injection moulding machines; and markets valves and allied products and a range of sophisticated application-engineered welding alloys.

Financials for the year 2006-07: L&Ts gross sales and service revenue from operations at Rs 17,901 crore for the financial year ended March 31, 2007 registered a y-o-y growth of 20%. The share of revenue from international operations constituted 18% of the gross revenue.

Profit after tax (PAT), including exceptional gains, at Rs 1,403 crore for the year ended March 31, 2007 increased by 39% over the previous year. Excluding exceptional gains, PAT for the year ended March 31, 2007 grew by 60%. Operating profits (EBITDA) for the year at Rs 2,209 crore grew by 47% over the previous year. L&T Group Financials for 2006-07:

The group registered a y-o-y increase of 25% in total income, which stood at Rs 21,342 crore for the year ended March 31, 2007. The group PAT for the year 2006-07 stood at Rs 2,240 crore, posting an impressive growth of 70% over the previous year. Excluding exceptional gains, the group PAT was higher by 72% over the previous year.