When it comes to the engineering and construction industry, L&T, or Larsen & Toubro, has an edge over multiple companies. Founded in 1938, L&T has become one of the top players in the tech, engineering, construction, manufacturing and financial services industry. Here, we will share some interesting facts about L&T, shedding light on its achievements, groundbreaking projects, and contributions in various sectors. So, let’s unveil the incredible story of L&T company and find out how it left an indelible mark on the business world.

1. Strong Global Presence

One of the top construction companies in India, Larsen & Toubro has established an unavoidable image worldwide, with offices, subsidiaries like L&T Power, L&T Valves, LTImindree, etc., and joint ventures with a Qatari company, Nuclear Power Corporation of India, in over 50 countries. 

2. Involvement In major infrastructure projects

Larsen & Toubro has played a vital role in shaping India’s infrastructure by involving iconic projects like airports, bridges, and highways. It completed notable projects like Bangalore International Airport, Visakhapatnam Industrial Water Supply Project, and Hyderabad Metro Rail, the largest metro project in India. 

3. Leading Player In The Defence Sector

Larsen & Toubro Limited understands the defence industry’s value and has become a major player by making strategic investments (Rs 8000 crore investment in 2023). L&T has been active in the Defence sector since the mid-80s in association with the Defence Research & Development Organisation and has developed several defence equipment, like submarines, missiles, and electronic systems. 

4. Listed In The National Stock Exchange

Larsen & Toubro was founded in 1938. Just 12 years later, in 1950, it became a public company. After two years, it was listed on the Bombay Stock Exchange (BSE) in 1952. Currently, it’s listed in many other Indian stock exchanges, like Delhi, Calcutta, and the National Stock Exchange. With its being listed on many stock exchanges, L&T is now accessible to all investors in the country. 

5. Dedicated Research And Development Centre

L&T makes huge investments in research and development, which results in its technical strength. It has a dedicated state-of-the-art research centre in Pune, Maharashtra, which focuses on developing new technologies and solutions for L&T in various sectors. 

6. Awards And Recognition

As Larsen & Toubro contributed to various sectors, it earned several awards and recognitions worldwide. In 2023, L&T company won the Gold award in the Diversity, Equity, and Inclusion category and the FICCI (Federation of Indian Chambers of Commerce and Industry) award in 2022 for 3 L&T businesses.

7. Diverse Workforce

One of L&T’s strengths is its diverse workforce, which is visible in its onboarding policies. Its employees belong to 52 nationalities, 35 domiciles(across states and union territories) within India, and speak 80 different languages. It is a large conglomerate intertwined with a rich and colourful fabric that includes India and other countries.

8. Promoter Of Innovation And Entrepreneurship

Larsen & Toubro Limited aims to use the power of new and evolving technologies to improve business by saving costs and improving productivity. The company constantly scans the rapidly changing environment and provides employees with the required knowledge and skills. It also provides a platform for employees to share creative ideas and develop entrepreneurial skills.

9. Major Player In The Power Sector

The L&T company has significantly contributed to the power sector with expertise in thermal, hydroelectric, and renewable energy. It has set up multiple power plants, including 3 CCGT and Az Zour Simple Cycle Power Plant. As a result, Larsen & Toubro has become a major player in the power sector.

10. Aim On Technology And Digitalisation 

Over the years, Larsen & Toubro Limited has undergone a digital transformation with cutting-edge technology. This has proved to be a game changer in the industry, as all the L&T businesses have incorporated digitalisation. Digitalisation and technology have improved project execution and customer experience. 

Larsen & Toubro: 50 Years Of Legacy

Larsen & Toubro was founded by Danish engineers Henning Holck-Larsen and Soren Kristian Toubro in the British era. Since then, it has been improving and contributing to the Indian infrastructure. It also has gained a global reputation with significant project orders in Asia, Kuwait, Africa, etc.