| 1946
- On 7th February, the Company was
incorporated. Larsen & Toubro carries on business as civil
mechanical electrical chemical & Agricultural engineers as
manufacturers as importers & exporters & as contractors. The
Company represents a large number of overseas manufactures,
notably manufacturers of tractors, agricultural machinery, dairy
machinery, film cooling towers and general industrial and
engineering plants and coal mining machinery.
1969
- With effect from 1st Oct., Alu Capsules Ltd
& India, Crown Cork, Co. Ltd, both wholly owned subsidiaries
were amalgamated with the company. And a new division was formed
like Bottle Closure Division.
1975
- During the year, the company commissioned a
plant at Bangalore for the manufacture of multipurpose hydraulic
excavators and high pressure hydraulic system in collaboration
with Poclain, S.A. France.
1977
- During the year Faridabad Factory become
operative and commenced the manufacture of switchboards.
1979
- With effect from 1st April, Wilcox Buckwell
India, Ltd another subsidiary, was merged with the company.
1981
- Utkal Machinery Ltd was amalgamated with
the company with effect from 1st April.
- During the year, the company signed an
agreement with Hong kong ship-owners for the purchase of two
bulk carriers of 27,000 DWT capacity each built in Japan at a
contractual price of U.S $ 18.3 million each.
- During the year company made a right issue
of 13.5% convertible debentures of Rs.100 each for Rs.6 crores.
1982
- The Company's subsidiary Engineering
Construction Corporation, Ltd was merged with the company with
effect from 1st Oct.
1983
- During the year, the company established a
cement plant with an installed capacity 1 million tonnes per
annum in Chandrapur district in Maharashtra and commenced
commercial production of cement.
1984
- During the year, the company signed
collaboration agreement with Y.E Data, Japan for floppy disc
drives, with honeywell information systems, India for dot matrix
printers and with Jeumont Schneider, France for electronic PABX.
Another collaboration agreement was signed with potain Poclain
Material, France for manufacture of mobile cranes at Kansbahal
works. The company also signed collaboration agreement with
Oesterreichische Doka Schalungs-und Geruestungstechnik GmbH,
Austria for farmwork systems used in the construction industry.
- During the year, the company issued
55,00,000 -15% non convertible debentures of Rs.100 each for an
aggregate amount of Rs.55 crores.
1985
- During the year, the Company manufactured
and delivered two-end shields for Kakrapara Atomic Power
Project.
1986
- During the year, the company commissioned a
new factory in Hebbal Industrial Estate near Mysore in Karnataka
for the manufacture of computer peripherals such as dot matrix
printers and floppy disc drives.
1987
- During, the company diversified into the
field of 400 KV transmission lines.
1988
- During the year company entered into
collaboration agreements with Sundstrand Sauer, USA for the
manufacture of axial piston units, with case vibromax, W.
Germany for manufacture of vibratory compactors and with JI
Case, USA, for the manufacture of wheel loaders. Also a
memorandum of understanding was signed between the company and
Colas S.A of France for setting up a joint venture company for
production of asphalt emulsion.
1989
- A new project was commissioned at Mysore in
Karnataka for the manufacture of medical electronics products.
During the year the Company received industrial licences for the
manufacture of ship auxiliaries and components of mechanised
sailing vessels and rail track laying, track maintenance and
renewal equipment.
- During the year the company entered into a
technical collaboration agreement with MPSI of USA for the
manufacture of ring hammer mills and rotary breakers required
for sizing of coal.
- During the year company issued 30,000 -
13.5% debentures of Rs.1000 each to financial institutions with
an option for conversion into equity shares of the company.
- During March-April, the company issued
63,78,750-12.5% FCDs of 125 each of which 60,75,000 debentures
were issued as rights to the equity shareholders and 3,03,750
debentures to the employees on equitable basis.
- During September, the company issued
275,63,215, 12.5% FCD of aggregate value of Rs.820 crores.
1990
- During, the company entered into an
agreement to take over the tractor unit of Kirloskar Pneumatic
Co. Ltd.
- During the year company completed
construction of 200 flats for Sai Central Trust, Puttaparthy.
The company also commissioned a sponge iron plant of 8,80,000
tonnes per annum capacity for Essar Steel at Hazira.
- During the year following foreign
collaboration agreements were entered into 1. With mannesmann
Anlagenbau, Germany to bring in the latest technology in ash
handling at coal-based thermal power plants, 2. With AFE
Displays Ltd., UK for supervisory colour graphics controller, 3.
With Western Digital Corporation, USA., for hard disk drives and
4. With Y-E Data Inc., Japan for 3.5' floppy disk drives.
1991
- During the year a major contract was signed
for augmentation of the Trisuli Hydro Power Project in Nepal.
1992
- A carbonate condenser for IFFCO, Kalol was
manufactured to Stami Carbon Process for the first time with the
stringent requirements of ultrasonic testing for each
tube-to-tube sheet joint. The company also developed ethylene
oxide reactor for SM Dyechem.
- During the year Co. developed public
switching system with a capacity upto 10,000 lines and 2GH2
microwave transmission equipment of 30- channel and 120 -channel
capacity and they were installed for field evaluation by the
Department of Telecommunications.
1993
- L&T - Gould Ltd. was amalgamated with the
Company effective from 1st January. During the year a new model
90 CK -111 was launched. A methanol cometics for Deepak
Fertilizers and test separation for ONGC platform were
delivered. A pair of endshields was also fabricated and supplied
for the 235 MW Karga Atomic power project. Also the company
commissioned the Max-L telephone exchange of 2000 lines
extendible upto 1,10,000 lines at Chittorgarh, Rajasthan.
- During the year, EWAC Alloys Ltd., on
issuing further shares to collaborators and increasing their
holdings to 50% ceased to be a subsidiary of the company.
1994
- During November, the company offered
80,83,832 GDR shares at a issue price of US $ 8.35 per GDR
representing shares 161,67,664 equity shares at a price
equivalent to 262 (at an exchange rate of Rs.31.37=US $ 1.). All
the GDR were fully subscribed. The Company along with Energy
Alternatives Inc., U.S.A signed a MOU with SAIL for promoting &
developing 2 x 250 MW Coal based power plant at Bhilai in M.P.
- During the year, the company along with
Energy alternative Inc. U S A., signed a MOU with SAIL for
promoting & developing 2 x 250 MW Coal based power plant at
Bhilani in MP. Also the company tied up with Sargent & Lundy U S
A., to offer EPC service for thermal power projects and also to
form a joint venture engineering company. This joint venture
would offer engineering services to power projects in India and
abroad.
1995
- During the year an international scale
glass container plant employing the state-of-the art technology
was being set up in technical collaboration with Vetropack,
Switzerland. During the same year, the company signed of
memorandum of intent with Samsung Electronics Co. Ltd. of South
Korea to form a joint venture for the manufacture and marketing
of a vide spectrum of telecom products including large switches,
transmission products, paging systems and PABX. Also signed an
MoU with Orissa govt. for setting up a integrated steel plant at
Gopulpur.
- During the year a new cement plant at
Kovaya in Gujarat with annual capacity of 15 lakh tonnes was
commissioned.
1996
- During the year, the Company has two
subsidiary companies namely, L&T-McNeil Limited and L & T
Finance Limited, and seven associate companies namely, Audco
India Limited, Ewac Alloys Limited, Tractor Engineers Limited,
L&T- Niro Limited, L&T-Chiyoda Limited, L&T-Sargent & Lundy
Limited and Larsen & Toubro (Oman).
1997
- The Company is also putting up captive
power plants at Awarpur and Gujarat so as to ensure continuous
availability of equity power at reasonable cost.
- The Larsen and Toubro (L&T) Employees
Association has launched an indefinite strike from January 21
protesting against the alleged harassment and victimisation of
workers by the management, even as the management termed the
strike illegal and contended that it had only initiated
disciplinary action against some employees for misconduct and
non-performance.
- L&T-McNeil Limited, a subsidiary of Larsen
& Toubro Limited, has been awarded the All India Special Shield
for 1995-96 in the category of non-SSI New Product Exporters by
the Engineering Export Promotion Council.
- Larsen & Toubro (L&T) has won the Golden
Peacock National Quality Award 1996 and for the year 1997
instituted by the Institute of Directors (IOD), New Delhi.
- The private sector giant Larsen and Toubro
(L&T) will introduce 300 varieties of computerised ready mix
concrete for the first time in the country so as to develop a
new concept in the building industry.
- The Engineering and Construction
conglomerate, Larsen & Toubro Limited (L&T), has been selected
by Indian Institute of Bridge Engineers to receive the Most
Outstanding Bridge National Award - 1996. The company has built
460-metre long flyover bridge at Evarard Nagar, Wadala, Mumbai,
which has been chosen for the award for its excellent aesthetics
and blending with the environment.
- The equity shares of Larsen & Toubro Ltd.,
Dabur India Ltd., Great Eastern Shipping Company Ltd., Jindal
Vijayanagar Steel Ltd. and Jindal Iron & Steel Ltd have been
admitted for dematerialisation.
- Larsen & Toubro Limited (L & T) has been
marketing the world class range of fax machines from Canon in
India. It has added a high-quality laser plain-paper fax
machine, model L300, to the existing range.
- Engineering major Larsen & Toubro has been
awarded the 115 MW ISO capacity captive power project of Haldia
Petrochemicals in West Bengal as an independent power producer.
- Larsen & Toubro Ltd (L&T) has entered into
a 50:50 joint-venture with Komatsu, Japan, to manufacture
hydraulic excavators and components.
- L&T has received a letter of award for
setting up a combined cycle co-generation power plant for Haldia
Petrochemicals Ltd (HPL) on a build-own-operate basis.
- Under a memorandum of agreement signed
between Larsen and Toubro Ltd and Japan's Komatsu Ltd, the two
engineering companies have decided to form an alliance in the
construction equipment business in India and its neighbouring
countries.
- Larsen and Toubro Limited (L&T) has been
awarded a railway electrification contract for the Vallathol
Nagar Ernakulam section in Kerala.
1998
- The joint venture has been set up for the
manufacture of earthmoving equipment and has a paid-up share
capital. Both L&T and Komatsu are chipping in with 50 per cent
each of the equity base.
- Diversified industrial giant, Larsen and
Toubro (L&T) has entered into a joint venture with Dear and Co.,
a leading international agricultural machines company, to
manufacture tractors.
- Larsen & Toubro Ltd (L&T) has bagged two
national awards for excellence in construction from the
Association of Consulting Civil Engineers (ACCE) for 1998. The
ACCE-Sarvamangala Award was given in recognition of the work
done by L&T in constructing the Sree Kanteerava Indoor Stadium
in Bangalore, while the ACCE-Billimoria Award in the high-rise
buildings category was given for the international technopark,
also in Bangalore.
- Larsen and Toubro Ltd (L&T) has been
conferred the Indian Chemical Manufacturers Association (Icma)
award for excellence in chemical plant design and engineering
for 1997.
1999
- Engineering major Larsen & Toubro has
bagged the EPC contract for the Rs 135 crore captive power plant
being set up by Usha Martin Industries, currently known as Usha
Beltron, of the Jhawars.
- The promoters of HPL Cogeneration, a joint
venture between Larsen & Toubro (L&T) and Haldia Petrochemicals
Ltd (HPL), have converted their loans into equity shares. As a
result of the conversion, which was done at a part value of Rs
10 per share, the company's equity capital has jumped from Rs 5
crore to Rs 122 crore.
2000
- Cement giants Larsen & Tubro (L&T) and
Gujarat Ambuja Cements have entered a unique agreement to reduce
transportation costs in despatching bulk cement in Gujarat.
- Crisil has assigned the highest safety
rating to engineering and construction major the company's Rs
100 crore debenture issue.
- The Company its Nashik Glass Work, an
accidental leakage of molten glass from furnace took place on
12th March.
- Larsen and Toubro announced a "strategic
partnership" with SAP India.
- The Company is to set up a wholly-owned
subsidiary -- `L&T Capital Company Ltd' -- to focus on business
opportunities in the capital market.
- L&T has formed a new company, L&T Equipment
Leasing Co. Ltd., to which will be transferred the construction
equipment owned by ECC-operating division.
- L&T Information Technology Ltd., a
wholly-owned subsidiary of Larsen and Toubro Ltd., has been
awarded the National Export Award for 1998-99.
- Larsen and Toubro (L&T) has floated a 26:74
joint venture with Japanese major Sharp Corporation which will
absorb the company's existing distribution business of
electronics office equipment.
- The Company is offering a 5-year NCD issue
at 11.25 per cent to mop up Rs 50 crore with a green-shoe of Rs
25 crore.
- L&T has launched its slag cement under the
brand name S-53 in Bellary district of Karnataka and a few
districts in Andhra Pradesh.
- The Company has extended its employees
stock option plan to cover 500 employees all in the senior
management cadre.
- Larsen & Toubro's construction division has
been awarded a contract for building two stadia in Quatar.
- Larsen and Toubro launched the second phase
of HITEC city. - The Company will increase its cement capacity
by 2 million tonne to 16 million tonne, facilitated by a one
million tonne grinding unit in West Bengal.
- The Company will set up a private market
for its engineering, procurement and construction business.
- The Company, India's largest cement
producer with an installed capacity of over 14 million tonne, is
setting up a 1mt grinding unit at Durgapur in West Bengal.
- The Company will hive off its cement
business by March. - Larsen & Toubro has appointed investment
bankers J P Morgan and DSP Merill Lynch to advise them on the
proposed demerger of its cement division.
- The Company has appointed Vijay Kumar
Magapu as a successor to Achyut S Godbole, the outgoing CEO of
its IT arm L&T Information Technology.
- Sharp Business Systems (India) Ltd. the
joint venture between Sharp Corporation and Larsen & Toubro, has
launched its inkjet printers in India.
- Larsen & Toubro is set to replace the
Associated Cement Companies in setting up a one million tonne
grinding unit in Jindal Vijaynagar Steel complex.
- The Company and Gas Authority of India have
agreed to collaborate in research and development, new
technologies, liquefied gas plants and terminals, pipelines,
petro-chemicals, power and telcommunications areas.
- Larsen & Toubro has commissioned its new
cement plant at Arakkonam in Tamil Nadu on December 13.
- Engineering major Larsen & Toubro and
German firm Demang Ergotech will form a 50:50 joint venture
company to make injection moulding machines at the former's
manufacturing facility in Chennai.
2001
- The Company has informed BSE that the
company has entered into a joint venture with Demag Ergotech of
Germany.
- Larsen & Toubro has formed a separate
company L&T EMSYS (L&T Embedded Systems) for embedded software
development.
- The Company commissioned its cement
grinding plant of 1 million tonne capacity at Arakkonam in Tamil
Nadu in December 2000.
- L&T-DEMAG Plastics Machinery Pvt. Ltd. hte
new joint venture between Larsen & Toubro Ltd and Demag Ergotech
of Germany, has commenced operations.
- L&T Information Technology Ltd a subsidiary
of Larsen & Turbro Ltd, and Sun Microsystems Pvt. Ltd. have
signed a memorandum of understanding to jointly offer e-business
solutions to their customers.
- L&T Information Technology, a fully-owned
subsidiary of Indian's leading engineering company Larsen and
Turbo, may set up a software development center in Orissa's
capital.
- The National Highways Authority of India (NHAI)
has signed two contracts with Larsen & Toubro for the
construction of two major bridges on Vijayawada-Visakhapatnam
section of NH 5 in Andhra Pradesh.
- Larsen & Toubro has successfully closed an
$104-million syndicated term-loan facility. The initial borrower
is L&T, but the loan would get transferred to the cement company
as and when the demerger of its cement business was completed,
- Larsen & Toubro Ltd (L&T) has bagged the Rs
121.5-crore contract to construct a 36.89-km stretch of the
National Highway Four between Kanchipuram and Walajahpet along
the Chennai-Bangalore highway.
- Larsen & Toubro Ltd (L&T) has introduced
its third voluntary retirement scheme (VRS) for unionised
employees, applicable specifically to those below the managerial
level. Staff costs for the just concluded fiscal stood at Rs
587.95 crore for the company.
- The joint venture between Larsen & Toubro
and Joannou & Paraskevaides (Overseas) Ltd of Cyprus has bagged
the six-lane highway project between Jaipur and Kishangarh on
NH-8 in Rajasthan which is estimated to cost around Rs 673 crore.
2002
-Buys over the shareholding of Caterpillar,
USA, in its joint venture Tractor Engineers Ltd. (TENGL), makes
it wholly owned subsidiary
-Submits end shield to National Power
Corporation of India Ltd. (NPCIL) for the first time in the
country
-Gets `European Standard CEM I 42.5R'
accreditation for its Gujarat cement works
-Financial Institutions stake increases in
L&T to 37%
-Grasim Industries and Larsen & Toubro
together set up a task force for logistics, promotion and
procurement of raw materials
-Steps into Chinese market with medical
equipment business
-Exits from its internet trading business
-Receives clearance from the Tamil Nadu govt.
for its revised toll proposal for the Coimbatore bypass project
-Gets Rs 37.53 cr contract from Northern
Railway
-Grasim Industries hikes its holding further
in Larsen & Toubro (L&T) to 13 per cent
-Mops up 3-month money at 6.55%
-IL&FS and L&T tie up for joint development
of infrastructure projects
-Implements compulsory retirement scheme
across all its facilities in the country
-Places Rs 50 crore of five-year debentures
with ICICI Securities and Finance (I-Sec) in a unique deal.The
instrument, named rating contingent debenture (RCD), is the
first of its kind in the Indian debt market
-Closes down the loss-making subsidiary,
Narmada Cement's grinding unit at Magdalla in Gujarat, citing
adverse market conditions
-L&T Infotech opens IBM centre
-Opts for out of court settlement with three
advertising agencies Prime Displays, Everest and Abiz over the
dispute of non-payment of Rs 20 crore dues
-Builds Rs 450-cr large hydrogen unit and
refinery offsites and utilities project for IOC at Barauni
-Receives prestigious contract to build an
eight tower hotel-cum-residential complex in Dubai's upmarket
Sheikh Zayed Road
-Raises Rs 65 crore through 10 year secured
bonds
-L&T, Shapoorji Pallonji form joint venture
to take up Cyber Tower project in Mauritius
-Bags Rs 5810 million turnkey refinery order
from IOC
-Grasim Industries hikes stake in L&T to
14.15% from 13%
-Bags two engineering, procurement &
construction (EPC) contracts from Kuwait National Petroleum
Company (KNPC) for revamp of Sulphur Recovery units at their
refineries at Shuaiba and Mina Abdullah in Kuwait
-Bags a contract worth of $23 million (over
Rs 100 crore) from Lafarge Surma Cement, Bangladesh, for the
construction of a 17-km-long cross-national belt conveyor
-Wins two large World Bank financed lumpsum
turnkey contracts having a total order of approx. $100 million
form Songas Ltd, Tanzania
-Cyber Towers and Cyber Gateway - L&T
Infocity engages Singapore-based $700 million Ascendas Pte Ltd
to commission a Rs 180 crore-mega IT complex called 'Cyber
Pearl' in Hitech City near Hyderabad
-Gets contract for constructing the longest
flyover in New Delhi
-Gets award from International Federation for
Structural Concrete
-Hiked its capacity to 16.5 million tonnes
thus gaining its position as the largest cement company in
India, overtaking the capacity of The Associated Cement
Companies (ACC)
-Forges an alliance with Australian firm JV
International Pty Ltd to set up a project in Pondicherry to
manufacture steel door and window frames
-LIC increases its stake in the company to
18.5% from 17.42%
-Grasim Industries sends legal notice,
challenging Larsen & Toubro's attempt to demerge the cement
business into a separate company
2003
-Bags $32.50 million order from Oman India
Fertiliser Project
-Bags Indian Oil Contract to Build Panipat
PTA Plant
-Wins Rs 2690 million IBRD-funded road
project in Karnataka
-Revamps Engineering Division, splits it into
four divisions (Buildings & Factories, Civil Infrastructure,
Industrial Projects & Electricals)
-Obtains four licences, issued by the central
government, for design, manufacture and assembly of warships,
submarines and weapon platforms, radar and sonar systems and
electronic warfare equipment and systems sensors, weapon
launchers and armaments including missiles and rockets. Besides,
the company also receives the government's nod for design and
development of sophisticated armoured and other combat vehicles
and bridge-laying systems on tanks
-Ties up $50m loan with IFC for financial
restructuring
-Signs tie-up with Kobe for Hydraulic Tyre
Curing Presses
-Becomes the first company in the Asian
region to be selected for undertaking infrastructure related
work in Iraq by the United States aid agencies
-L&T ECC completes electrification of Bihar
rail project
-Lafarge S.A, the French company, mandates
Larsen and Toubro the EPC contract for constructing a 1.2
million tonnes per annum cement plant in Bangladesh
-L&T and Thames Water (UK) in a 70:30 joint
venture, have bagged a prestigious contract for "The Leakage
Reduction Control & Water Rehabilitation Work"
-Approves plan to demerge its cement business
into a separate subsidiary and cede management control to Aditya
Birla group flagship Grasim Industries, ending an eight-month
tussle over India's largest cement company
-Enters into an agreement with International
Finance Corporation (IFC), the private sector arm of World Bank
Group, for a long term loan of US $50 million
-Gets contract for curtailment of leakage
worth Rs 50 cr from BWSSB
-Increases its stake in its Oman subsidiary
Larsen & Toubro Oman LLC to 65 per cent from 49 per cent via the
acquisition of 1.1 lakh shares
-Ties up with European companies for its
Electrical Standard Products (ESP) business in Europe
-Henning Holck-Larsen, 96, co-founder and
chairman emeritus of India's largest engineering and
construction conglomerate Larsen & Toubro Ltd, passed away in
Breach Candy Hospital, Mumbai, at 1.10 pm on July 27
-Bags a Rs 420 million order to build a
flyover in Oman
-L&T Infotech, a wholly-owned subsidiary of
Larsen & Toubro Limited, has bagged a $75m order from US telecom
giant Motorola for SAP implementation and mainframes
-Forays into China by inducting a
representative in China to supply critical modular equipment for
various projects
-Enters into an agreement with Citibank NA,
New York offering the issuance of Global Depository Shares
-Sets up a trust to acquire the holdings of
Grasim Industries in the company
-Bags Motorola contract worth $100m for SAP
implementation and mainframes
-The company has shut down its packaging
business as part of a portfolio restructuring.
-Tied up to finance jointly with the union
bank of india for its tractors to the farmers
-Picks up 30% stake in newly formed NAC
Infrastructure Equipment (NACIEL)
-Gets order from Shell Hazira Gas to develop
Liquid natural gas
-L&T bags Rs 9210 million mega order for
country's largest hydel project
-L&T bags Rs 7000 million Power Plant Order
-L&T Board approves disposal of Glass
Business
-L&T secures Rs 700 cr power plant order from
GMR group
2004
-L&T-John Deere sign MoU with SBM for tractor
financing
-L&T bags an order worth $30-m in UAE
-L&T receives Rs.1370 mn order for Nuclear
Power Plant Equipment
-Centre grants licence to L&T to make
submarines
-L&T bags commendation award
-L&T-John Deere join hands with BoI for
tractor finance
-Larsen & Toubro CMD gets corporate
leadership award
-Mops up Rs 225 crore by privately placing
bonds with banks, mutual funds and a primary dealer
-Wins a contract worth Rs 70 crore for
construction of a 15-storied hotel and service apartments for
the Radissons Group, making its entry into Bahrain
--Bank of Baroda signed a memorandum of
understanding with L&T John Deere Pvt Ltd to prop up farm sector
lending.
-L&T with EIL inks pact with IOC for Iran
pipeline project
-L&T Ties Up with US Cardiac Equipment Major
Zoll Medical Corporation, USA
-Larsen & Toubro (L&T) has won a contract for
coal gasification equipment from China valued at Rs 95 crore
-Cement division demerged, new company carved
out in the name of Ultra Tech CemCo, Grasim Industries Ltd.
takes majority control in Ultra Tech CemCo
-Engineering major Larsen & Toubro Ltd. has
won an order worth $52.5 million from the United Arab Emirates
to develop a platform in an oil field in the Gulf
-Launches new 35 HP tractor
-L&T and BEL join hands to develop radar for
Army
-Tata Steel and Larsen & Toubro (L&T) signs
definitive agreement to form a 50:50 joint venture for setting
up a port at Dhamra in Orissa on October 29,2004
-L&T join hands with Dubal to set up alumina
plant
2005
- L&T John Deere Private Ltd launches 40 HP
tractor 5103 models on January 8, 2005,
-L&T join hands with Dubal to set up Rs 50000
mn alumina refinery plant
-L&T bags Rs 1650 mn order for Water Supply
System to Greater Bangalore
-L&T exits Tractor Business
-L&T secures Rs 4950 mn contract for new
Hyderabad Airport
-L&T receives contracts from Dubai-based firm
-L&T enters into MoU with DSL, Nashik for a
merger of DSL with the Company under a scheme to be approved by
BIFR
2006
-L&T bags a Rs 440-crore order from Zadeko
Ship Management CV
-L&T inks Joint Venture in Kuwait to expand
construction prospects in Gulf
-L&T Wins Rs 7500 mn BOT Highway Contract in
Gujarat
-Mumbai: Larsen & Toubro has forged
technological alliance with Mitsubishi Heavy Industries for
manufacture of equipment for mega power projects being planned
in the country.
-L&T Wins Rs 5400 crore Delhi Airport
Contract.
2007
-The Boeing Company on February 08, 2007 has
signed a Memorandum of Understanding (MoU) with the Larsen &
Toubro Ltd , for the joint exploration of business opportunities
in India's defense sector.
-Larsen & Toubro Ltd (L&T) have signed on
February 15, 2007, a Memorandum of Understanding (MoU) with
Dassault SystŠmes (DS), which has head offices in France.
-Larsen & Toubro (L&T) will set up joint
ventures with Japan's Toshiba Corp and Mitsubishi Heavy
Industries (MHI) to commission manufacturing facilities for
super-critical turbines and boilers, which are used in
coal-fired power generation plants.
- Larsen & Toubro Ltd (L&T) has announced
that the Company has bagged two orders valued at Rs 412 crores.
- L&T bags Rs 877 crore ONGC order.
- L&T bags Rs 114 crore order from SAIL.
- Larsen & Toubro Ltd (L&T) has informed that
the Board of Directors of the Company at its meeting held on
July 03, 2007, has appointed Mr. Subodh Bhargava as an
Additional Director of the Company.
-Larsen & Toubro Ltd (L&T) has informed that
the Board of Directors of the Company at its meeting held on
July 19, 2007, has appointed Mrs. Bhagyam Ramani as a Nominee
Director of the Company representing equity interest of General
Insurance Corporation of India with effect from July 19, 2007 in
the vacancy caused by the resignation of Mr. B P Deshmukh.
- Larsen & Toubro Limited (L&T) has won a
repeat order valued at over $70 million for construction of two
ships from RollDock BV of Netherlands.The vessels will be built
at the existing shipyard that is a part of the engineering
complex at Hazira, Surat.
-Larsen & Toubro Ltd (L&T) & Mitsubishi Heavy
Industries Ltd ("MHI") have inked a Joint Venture Agreement for
setting up a manufacturing facility to supply super-critical
Steam Turbine & Generator facility in India.
2008
- Larsen & Toubro said that its electrical
and electronics division has got Rs 74.7-crore contract from the
Oil and Natural Gas Corporation for a SCADA system for onshore
control centres (OCC).
-Larsen & Toubro Ltd (L&T) has appointed Mr.
A K Jain has as an Additional Director representing equity
interest of the Specified Undertaking of the Unit Trust of India
(SUUTI) with effect from May 29, 2008.
- Larsen & Toubro Ltd has secured a Rs
1,557-crore order for supply of a steam turbine generator of 2 x
800 MW to Sri Damodaram Sanjeevaiah Thermal Power Station at
Krishnapatnam, Andhra Pradesh.
-The Company has issued Bonus Shares in the
Ratio of 1:1. |