Larsen and Toubro Limited Overview
Company Headquarters: India
Founded: 1957
Workforce: ~245,677
Company Working: Larsen and Toubro Limited is an India-based company that is engaged in technology, engineering, construction, manufacturing, and financial services conglomerate with global operations. The Company’s segments include Infrastructure, Power, Heavy Engineering, and Defense Engineering. The infrastructure segment is engaged in the engineering and construction of buildings and factories, transportation infrastructure, and heavy civil infrastructure. The Power segment offers solutions for coal-based and gas-based thermal power plants. The Heavy Engineering segment manufactures and supplies custom-designed, engineered critical equipment and systems. The Defense Engineering segment is engaged in designing, developing, serial production, and supporting equipment, systems, and platforms for the defense and aerospace sectors. It also includes communication projects, hydrocarbon, marketing and servicing of construction and mining machinery and parts, and manufacture and sale of rubber processing machinery.
Strategy
L&T aims to expand its customer base beyond the sectors it currently serves, such as nuclear, refinery, petrochemical, heavy engineering, and power. By targeting other industries such as automotive, aerospace, and defense, L&T can tap into new markets and reduce its dependence on specific sectors. This strategy involves developing tailored solutions and forging partnerships with companies in these industries. L&T values its strategic partnerships and aims to further strengthen them in the metal forging market. Collaborating with key stakeholders, such as government agencies, international customers, and technology providers, allows L&T to access new markets, gain valuable insights, and secure long-term contracts. These partnerships provide L&T with a competitive edge and enhance its ability to deliver complex projects.
