Larsen and Toubro Ltd (L&T Limited)

Larsen & Toubro is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business across eighty years.

Larsen and Toubro Ltd profile

Headquartered in Mumbai, Larsen & Toubro Limited is one of the largest and most respected companies in India’s private sector. With over 80 years of a strong, customer focused approach and a continuous quest for world-class quality, L&T has unmatched capabilities across Technology, Engineering, Construction, and Manufacturing, and maintains a leadership in all its major lines of business.

Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades.

List of Business Divisions of L & T.

  • EPC Projects
  • Hi-Tech Manufacturing
  • Services
  • Buildings & Factories (B&F) business
  • L&T’s Transportation Infrastructure business
  • Heavy Civil Infrastructure business
  • L&T’s Power Transmission & Distribution business
  • L&T’s Water & Effluent Treatment business
  • L&T’s Minerals & Metals (M&M)
  • Hydrocarbon business
  • Power Business
  • L&T’s Heavy Engineering business
  • Defence Engineering Business
  • IT and Technology Services
  • Construction Equipment & Others (CE&O) business
  • L&T Infrastructure Development Projects Limited (L&T IDPL)
  • L&T Metro Rail (Hyderabad) Limited
  • L&T Power Development Limited
  • Realty Business
  • L&T Valves (LTVL)

EPC Projects

The Group focuses on its proven core competencies of conceptualising, designing, engineering, executing, and commissioning large, complex projects in the areas of transportation infrastructure, power transmission and distribution, thermal / hydel / solar / nuclear power plants, green hydrogen, and derivatives, water and irrigation infrastructure, buildings and factories, oil and gas facilities, and metals and mining projects.

Hi-Tech Manufacturing

Hi-Tech Manufacturing focuses on custom-built products catering to process industries, material handling equipment, electrolysers and advanced cell chemistry batteries, construction machinery & mining equipment, industrial valves and defence engineering including shipbuilding.


The Services businesses cater to sectors of IT (through LTI and Mindtree), Technology Services (through LTTS, Smart World & Communication), Real Estate (through L&T Realty) and Financial Services (through LTFHL), B2B E-commerce (through L&T SuFin), Skilling & Assessment (through L&T EduTech) and Cloud Services (through Data Centers).

Buildings & Factories (B&F) business

The Buildings & Factories (B&F) business is an industry leader in Design & Engineering, Procurement and Construction (EPC)
of projects ranging from airports, hospitals, stadiums, retail spaces, educational institutions, IT parks, office buildings,
data centers, high-rise structures to mass housing complexes, cement plants, industrial warehouses, test tracks and other
light factory structures. The business has a track record of building the tallest, largest, and most complex structures across India and overseas.

The Buildings & Factories business offers total turnkey solutions with in-house structural & architectural design using advanced systems like BIM 4D, 5D and BIM 360 field. The Engineering Design and Research Centre (EDRC), supports various business units with efficient engineering solutions and has proven capabilities in the Data Centre segment as well.

The business is organised into following business units (BUs):

Public Spaces: Provides design and execution of special structures like tall statues, metro stations, convention centres,
marquee buildings, hotels, malls, integrated development and educational institutions.

Airports: Offers design-and-build solutions for passenger & cargo buildings and allied service buildings, with integrated
airport system solutions like baggage-handling systems, passenger-flow monitoring system, passenger boarding bridges, visual docking guidance systems and other facilities.

Factories: This business unit is a one-stop solution for the EPC requirements for cement plants, automobile plants, EV
manufacturing, glass & paint manufacturing, warehouses, automobile test tracks and food processing plants.

Health: This BU handles the turnkey Design & Build solutions of hospitals, medical and nursing colleges. Healthcare infrastructure is delivered with end-to-end healthcare facilities, including medical equipment, right from concept to commissioning.

Residential Buildings: This unit is a prime EPC solutions provider of elite, affordable and mass housing projects.

ITOS & Datacentres: Focuses on providing conceptto-commissioning services for setting up Data Centers, leveraging its strong mechanical, electrical and plumbing (MEP) competencies. It also offers turnkey office space solutions for Information Technology and Office spaces.

B&F Fast: Responsible for exploring and creating value from advanced construction technologies such as prefabricated
prefinished volumetric construction, modular construction, structural steel construction, and 3D printing that will fast
track project delivery.

L&T’s Transportation Infrastructure business

L&T’s Transportation Infrastructure business is one of the leading contractors in India offering turnkey Design & Build / EPC solutions with single point responsibility for all kinds of transportation infrastructure such as Roads, Bridges, Railways, City Infra, Urban Transit and Airports. The business is broadly divided into two Strategic Business Groups (SBGs), namely, Railways Business Group (RBG) and Roads Runways & Elevated Corridors (RREC).

The Railways Business Group is recognised as a full range rail system integrator. The SBG has built capabilities in all
3 railway domains including track construction, overhead electrification and signalling & telecommunication. The SBG
is further subdivided into Mainline Business Unit (MLBU) and Metro Business Unit (MTBU).

MLBU addresses EPC construction works in the domains of civil and trackwork, electrification, system integration for all Mainline Railway Projects, Dedicated Freight Corridors, and Rail Links for Port, Mining & Power Plant facilities etc. MTBU addresses EPC construction works involving ballastless trackwork, electrification and system integration for all Mass Rapid
Transit System Projects and Regional Rapid Transit System in India and abroad.

The Road, Runways & Elevated Corridor Business Group is divided into Roads & Bridges (R&B) Business Unit and Formations & Structure (Railways) Segment (F&S). R&B provides EPC design and build construction services for all types of roads, bridges and elevated corridors including all associated structures, cross-drainage, toll booths, wayside amenities, etc. In the airport sector, the R&B BU is involved in the construction of complete airside infrastructure viz. runways, taxiways, aprons, airfield ground lighting, fuel hydrant systems, etc.

The F&S Segment provides design and build construction services of civil works (Earthwork, Earthretaining structures, Cross drainage, etc.) for all types of Railway projects including Dedicated Freight Corridors, High Speed Rail and Urban Railway Network.

The business has Engineering Design Centres located at Mumbai, Faridabad, and Chennai. It also has a Competency
Development Centre at Kancheepuram and a Workmen Training Centre at Ahmedabad.

Heavy Civil Infrastructure business

The Heavy Civil Infrastructure business is a market leader in EPC projects in core civil infrastructure segments that are
crucial to the Indian economy viz. Metro Rail System, High Speed Rail, Nuclear, Hydel & Tunnels, Marine Structures and
Defence Infrastructure Facilities.

The business has a strong presence in India, Middle East, and Bhutan. With dedicated design and technical centres, competency cells, specialised training centres, digital project management, and a talented pool of employees, the business
sustains its leading position.

The business is currently involved in the construction of the country’s first High Speed Rail corridor connecting Mumbai to
Ahmedabad. The latest construction technologies including in-house fabricated Full Span Launching Equipment, Straddle
Carrier and Girder Transporter are being used in the marquee project as a part of the Make in India initiative.

With an industry leading position in enhancing urban mass rail transit capabilities, the Company is involved in building
metro rail systems in nearly all major Indian cities. The nuclear business segment offers turnkey services including seismic qualification, civil, mechanical, electrical, instrumentation and modular construction technology.

Its expertise extends to both Pressurised Heavy Water Reactor (PHWR) and Light Water Reactor (LWR) technologies. The Company’s Hydel & Tunnels segment is involved in road and railway tunnelling projects, which enhances nation building and offers EPC solutions for complete hydroelectric power projects, large-diameter transport / water tunnels and complex irrigation projects.

The Marine Structures Vertical has extensive experience in greenfield ports, shipyard structures and seawater intake
systems along the coastlines of India. It specialises in providing state-of-the-art ship lift structures and turnkey EPC solutions.

L&T Geostructure, a wholly-owned subsidiary engages in foundation and ground improvement projects. With its expertise
in building deep piling and diaphragm walls, multicellular intake wells for river-linking, and marinas with berths and jetties. It has a strong and professional foundation specialised team with knowledge of design, equipment, and methods to execute and supervise sophisticated foundation works.

L&T’s Power Transmission & Distribution business

L&T’s Power Transmission & Distribution business vertical is a leading EPC player, providing end-to-end solutions for
transmission / distribution infrastructure, clean electricity starting from Solar PV plant EPC to last mile electrification. It
offers integrated EPC offerings including Ground Mounted / Floating Solar Photovoltaic Plants, Battery Energy Storage
Systems (BESS), Substations and Transmission Lines up to 1200 kV, Underground Cable Systems, Distribution Infrastructure both at Medium & Low Voltage levels, and related Digital Solutions.

With 15 regional offices spread across the SAARC, Middle East, Africa, ASEAN and CIS regions, the Power T&D business has projects being executed in 30 countries. The domestic business is organised based on offerings and caters to various T&D utilities, developers and infrastructure customers such as metros, airports etc.

L&T’s Water & Effluent Treatment business

L&T’s Water & Effluent Treatment business develops water infrastructure offerings which serve to store, move, and treat
water, thus delivering substantial social and economic benefits. The business has established itself as an industry leader by
executing, commissioning, and operating mega water projects in the areas of drinking water supply, wastewater treatment,
industrial water treatment, irrigation and development of smart water infrastructure across the length and breadth of the

The business has successfully forayed into Middle East, East Africa and SAARC region countries. L&T’s Water & Effluent Treatment business is organised into 3 verticals –

(i) Water & Wastewater; (ii) Irrigation, Industrial &
Infrastructure; (iii) Water International.

The Water & Wastewater business vertical comprises of Rural Water Supply, Urban Water Supply, Water Management and
Wastewater Treatment encompassing the entire spectrum of water and wastewater solutions. The Irrigation, Industrial & Infrastructure business vertical constitutes Mega & Micro Irrigation, Industrial Water Systems & Effluent Treatment, Desalination and Smart Water Infrastructure, catering to the needs of agriculture and industries.

The Water International business vertical lays its focus on the international markets and continues to tap business opportunities in the regions of Middle East, East Africa, and SAARC region countries.

L&T’s Minerals & Metals (M&M)

L&T’s Minerals & Metals (M&M) business offers complete EPC solutions for the Mining, Minerals & Metals sectors across the globe. The business undertakes end-to-end engineering, procurement, manufacturing, supply, construction, erection, and commissioning of the projects, covering the complete spectrum from mineral processing to finished metals.

The business also offers comprehensive product solutions like an array of customised Mineral Crushing Equipment and
Plants for varied applications such as surface miners, sand manufacturing plants, material handling and high-speed railway equipment, other custom-made critical equipment and complex assemblies catering to core industrial sectors including Mining, Steel, Ports, Fertilisers, Cement and Chemical Plants, etc.

The complete range of company product solutions are backed by 5 decades of experience & knowledge, in-house design
resources, state-of-the-art manufacturing capabilities and providing after sales product support, value-added and cost-effective services to ensure higher uptime. The manufacturing centres are in Kansbahal, Odisha and Kancheepuram, Tamil Nadu.

Hydrocarbon business

The Hydrocarbon business provides integrated D&B turnkey solutions for the hydrocarbon industry, globally. The business
executes projects for oil & gas extraction and processing, petroleum refining, chemicals & petrochemicals, fertilisers, cross-country pipelines & terminals, and has recently launched asset management as well as services for offshore wind.

The business has integrated capabilities across the value chain, supported by in-house front-end design and detailed
engineering, R&D, project management, procurement, modular fabrication facilities, Onshore construction, Offshore
installation, and commissioning. Major fabrication facilities are in India and the Middle East. In India, the engineering,
procurement & project management centres are at Mumbai, Vadodara & Chennai. Modular fabrication facilities are at
Hazira (near Surat) and Kattupalli (near Chennai).

Overseas presence is dominantly in the Middle East, i.e., in the UAE, KSA & Kuwait and in Algeria. The project management office with a training facility is in Al Khobar, KSA. The business has a state-of-the-art modular fabrication facility at Sohar in
Oman, Piping shop at Jubail in KSA and an upcoming Heavy Wall Pressure Vessel Manufacturing shop at Jubail Industrial
Zone in KSA.

Power Business

L&T has established itself as one of the leading EPC players in offering turnkey solutions for both Coal and Gas based power plants encompassing every aspect of design, engineering, manufacture, construction, and project management. In addition to undertaking turnkey projects, it also offers equipment and other services for power plants.

The business has developed its own capabilities for executing large and complex power projects, which include engineering, state-of-the-art manufacturing facilities, competent manpower and decades of experience earned in executing large and complex projects within and outside India.

The business has a proven track record of delivering complete power plant solutions with scale and sophistication
to meet India’s growing energy needs. The business executes combined cycle and cogeneration gas-based power projects on turnkey basis. It has an excellent track-record in implementing projects in India and overseas. It is the first company to execute a project with ‘F-technology’ gas turbine of 250 MW class.

The business has built on its core competencies and capabilities and has emerged as a major player in new emissions control technologies such as Flue Gas Desulphurization (FGD) in the Indian thermal power plant industry. It now has a sizeable presence in the FGD business.

The business has an integrated manufacturing facility at Hazira, Gujarat. It is one of the world’s most advanced facilities having a manufacturing capacity of 5,000 MW per annum. The facility manufactures ultra-supercritical / supercritical
boilers, turbines and generators, pulverisers, axial fans and air preheaters, components of FGD and electrostatic precipitators. The business has project management offices at Vadodara, Faridabad, Dhaka, and various other project sites.

L&T’s Heavy Engineering business

L&T’s Heavy Engineering business is the global leader in meeting the supply of engineered to order hi-tech equipment needs of Refinery, Oil & Gas, Fertiliser, Petrochemicals and Nuclear plants. The business has been at the forefront of introducing new techniques, products and materials in the manufacturing sector for over eight decades.

The A. M. Naik Heavy Engineering complex at Hazira is a globally-benchmarked state-of-the-art fully integrated, digitally-enabled manufacturing complex. Its capability spectrum not only covers in-house engineering, R&D centres, and world class fabrication facilities, but also includes a highly talented team, committed to a safe and sustainable work culture. The business achieved international recognition through an impeccable track record of executing large complex projects and constantly creating new international benchmarks.

Defence Engineering Business

L&T entered the strategic Defence sector in the mid-80s leveraging its precision equipment capabilities. This was well
ahead of the opening up of the sector for private industry participation in 2001. During the preceding one and a half decades, L&T has been associated with the Defence Research & Development Organisation (DRDO) and Indian Navy’s
indigenisation programme.

With an offerings portfolio of technologies, products, systems, platforms and solutions, the business provides design-to-delivery solutions across chosen defence segments with a focus on indigenous design, development and production of naval (submarines and warships) and land platforms (armoured systems, howitzers), weapon systems, engineering systems, missile & space launch vehicle subsystems, sensors, radar systems and avionics.

These are complemented by R&D and Design & Engineering Centres for targeted platforms, systems, and solutions development. The business operations extend across two R&D centres, three Design & Engineering Centres, and six production centres across India:

The business is structured into two strategic business groups (SBGs):

  • Defence & Aerospace
  • Defence Shipbuilding

IT and Technology Services

The IT&TS business segment consists of:

Larsen & Toubro Infotech Limited and its subsidiaries (LTI): LTI is a global IT Services company positioned at the
convergence of digital and physical worlds, with real-world expertise and client centricity. It was founded in 1997 as
a subsidiary of Larsen & Toubro Limited and got publicly listed in 2016. Read more about Larsen & Toubro Infotech Limited

Mindtree Limited and its subsidiaries: Mindtree provides end-to-end IT and Digital solutions for business transformation through cloud services, data, intelligence, and enterprise transformation & automation. L&T acquired controlling interest in Mindtree in June 2019. Read more about Mindtree limited

L&T Technology Services Limited and its subsidiaries (LTTS): It is a global leader in Engineering & R&D (ER&D) services. LTTS delivers value through Engineering & Technology via its offerings in product engineering, manufacturing engineering, operations engineering and engineering consultancy. The business was incorporated in 2012 and got publicly listed in 2016.

L&T Finance Holdings Ltd (LTFH) is the holding Company for the financial services business of the Larsen & Toubro
Group. It is one of India’s most diversified NBFCs, having a strong presence across lending and investment management
businesses. LTFH was incorporated in 2008 and in 2011, it went on to become a public-listed company. Headquartered in
Mumbai, LTFH has a strong network of branches and dealers across India catering to the business requirements of a 99
lakh+ customer base across core businesses as given below:

  • Retail Finance (farm equipment finance, two-wheeler finance, micro loans, consumer loans, home loans, loans against property and small & medium enterprise loans)
  • Wholesale Finance (infrastructure finance and real estate finance)
  • Investment Management

Construction Equipment & Others (CE&O) business

The Construction Equipment & Others (CE&O) business includes the manufacture and marketing of construction equipment, mining equipment and equipment for tyre manufacturing industry, broadly segregated into Construction & Mining Machinery (CMM) and Rubber Processing Machinery (RPM).

The CMM division is engaged in the business of distribution and after-sales service for hydraulic excavators and dump
trucks manufactured by Komatsu India Private Limited (KIPL) and other mining and construction equipment manufactured
by Komatsu worldwide.

It also handles the distribution and after-sales support for a range of construction equipment including wheel loaders, compactors and hydraulic excavators manufactured by L&T Construction Equipment Limited (LTCEL) and Mining Tipper Trucks manufactured by Scania India.

In addition, the division handles distribution and after-sales support for the mining equipment manufactured by L&T’s Minerals & Metals SBG viz. surface miners, sand plants, crushing solutions and apron feeders. The CMM division completed 75 years of business during FY 2021-22 and celebrated the same through the release of a corporate stamp, among other initiatives.

LTCEL, located in Doddaballapura, near Bengaluru, manufactures vibratory compactors, wheel loaders, hydraulic
excavators, asphalt paver finishers, pneumatic tyred rollers, skid steer loaders, hydraulic power packs, cylinders, pumps
and other components. During the year, LTCEL played a significant role in the process of development and manufacture of the girder transporter and straddle carrier for the Mumbai-Ahmedabad High-Speed Rail project.

The RPM division, located in Kancheepuram near Chennai, is engaged in building machines and tyre automation systems for the global tyre industry. RPM established as a JV in 1972 for manufacturing tyre curing presses and became a fully-owned business unit of L&T in 1995. The manufacturing facility located in Kancheepuram, India caters to the machinery requirements of the tyre industry and has supplied equipment to tyre majors in over 46 countries across the globe.

The division also supports certain customers in the tyre industry with ‘build to print’ products and customised machinery development as well. RPM business is also celebrating a significant milestone in FY 2022-23 with its 50th anniversary. The Product Development Centre (PDC), based at Coimbatore, with its highly-skilled design team, renders engineering and product development support for CMM and RPM businesses.

L&T Infrastructure Development Projects Limited (L&T IDPL)

L&T Infrastructure Development Projects Limited (L&T IDPL) is a pioneer in the Public-Private-Partnership (PPP) model of
development in India, which involves the development of infrastructure projects by private sector players in partnership with the Union and State Governments.

Since its inception in 2001, the Company has developed landmark infrastructure projects across key sectors such as roads, bridges, transmission lines, ports, renewable energy, and urban infrastructure. It is one of India’s largest road developers as
measured by lane kilometres under concession agreements signed with Union and various State Government authorities.

Currently, its portfolio includes nine roads & bridges projects of 3,936 lane km developed and operated (one road project
in Gujarat ceased to be subsidiary during FY 2021-22) and a transmission line from Kudgi to Bidadi in Karnataka covering
490 km. It also manages five operational road assets covering 2,748 lane km transferred to Indinfravit Trust, an InvIT that
the Company sponsored and launched in May 2018 as the first privately placed InvIT in India, with substantial holding
from international pension funds and insurance investors.

Over two decades of extensive experience in developing various infrastructure projects and working with governments, financial institutions, and corporate entities, has helped the Company to develop proven competencies in Viability Assessment, Financial Closure, Project Management, Operations & Maintenance and Portfolio Management of infrastructure assets across various sectors.

L&T Metro Rail (Hyderabad) Limited

L&T Metro Rail (Hyderabad) Limited (L&TMRHL) is a special purpose vehicle created to undertake the business of
constructing, operating and maintaining the Metro Rail System including Transit Oriented Development (TOD) in Hyderabad under the Public Private Partnership model on Design, Build, Finance, Operate and Transfer (DBFOT) basis.

The Metro Rail system consists of three elevated corridors from Miyapur to L.B. Nagar, Jubilee Bus Station to Mahatma
Gandhi Bus Station and Nagole to Raidurg, in aggregate covering a route length of 69.2 km. This network got fully commissioned in February 2020. The remaining concession period is approximately 25 years, extendable for a further
period of 25 years by the Company subject to fulfilment of certain conditions as set out in the Concession Agreement
signed with the Government of Telangana.

The Concession Agreement also includes rights for real estate development in the form of Transit Oriented Development
(TOD) for 18.5 Mn. sq.ft., of which 1.28 Mn. sq.ft. consisting of 4 malls and an 0.5 Mn. sq.ft. of office block have commenced commercial operations.

L&T Power Development Limited

L&T Power Development Limited, a wholly-owned subsidiary of L&T, is engaged in developing, operating and maintaining
power generation assets. The portfolio currently comprises a single project in the thermal sector viz. Nabha Power Limited
which owns and operates a 2 X 700 MW supercritical thermal power plant at Rajpura, Punjab.

Realty Business

L&T Realty is positioned amongst the top real estate developers in India, with development potential of ~ 60 Mn. sq. ft. across residential, commercial, and retail segments in Mumbai, Bengaluru, NCR and Chennai. The business model includes development in partnership with land / development rights owners, and sale / leasing of commercial spaces.

L&T Valves (LTVL)

L&T Valves (LTVL) is a leader in flow-control solutions. The business leverages sixty years of manufacturing excellence
to serve key sectors such as oil and gas, defence, nuclear & aerospace, power, petrochemicals, chemicals, water, and
pharmaceuticals across the globe. LTVL manufactures a wide range of products such as Gate, Globe, Check, Ball, Butterfly,
Plug valves and automation solutions. L&T Valves also runs a global after-market business to support its installed base with
service and spares needs.

L&T Valves are designed by specialists with deep understanding of various industry requirements, standards and practices, using state-of-the-art design and analysis software. The Company has a series of successful innovations to its credit, including mission-critical solutions for defence and aerospace industries.

The business has a global manufacturing presence with two manufacturing facilities in Tamil Nadu, India which are equipped with state-of-the-art 5-axis machining centres, CNC machines and facilities for critical testing and two facilities in USA and Saudi Arabia. LTVL products deliver safety, reliability, and quality for industries across the world.

Raveendran R
Editor @

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