TOUBRO CHARGED

L&T | ES­TAB­LISHED IN 1938

India Today - - STATES - —Ki­ran D. Tare

THE BE­GIN­NINGS

Founded by two Dan­ish en­gi­neers, Hen­ning Holck-Larsen and Soren Kris­tian Toubro, in 1938, the com­pany set up of­fices at three places in In­dia in 1947 af­ter In­de­pen­dence. It has been ab­so­lutely In­dian since then. In 1948, it ac­quired 55 acres of marshy land in the Mumbai sub­urb of Powai, and turned it into a manufacturing site. In 1956, it moved its head­quar­ters to Bal­lard Es­tate in south Mumbai. At present, it has over 130 sub­sidiaries and 15 as­so­ciate com­pa­nies. With rev­enues of $17 bil­lion, L&T op­er­ates in 30 coun­tries now. The com­pany has been a re­source in­sti­tu­tion for In­dia in ev­ery field of the coun­try’s de­vel­op­ment. It has spread its wings and is now ac­tive in var­i­ous fields in­clud­ing con­struc­tion, trans­porta­tion in­fra­struc­ture, re­new­able en­ergy, power trans­mis­sion and dis­tri­bu­tion, com­mu­ni­ca­tions and ship build­ing. In­deed, if In­dia as­pires to be a global eco­nomic power, it will be on strength of the in­fra­struc­ture L&T has built. The com­pany is also pro­vid­ing IT so­lu­tions in 23 coun­tries, un­der­pin­ning In­dia’s strength in the field. Its con­tri­bu­tion in build­ing de­fence sys­tems has also strength­ened the se­cu­rity forces. Its con­sol­i­dated gross rev­enue of Rs 23,990 crore for the quar­ter ended June 30, 2017, was a 10

per cent rise over the pre­vi­ous quar­ter. Its in­ter­na­tional rev­enue dur­ing the quar­ter, at Rs 8,233 crore, was 34 per cent of the to­tal rev­enue.

WHY L&T MAT­TERS

It has helped In­dia grow its in­fra­struc­ture. Its work ex­tends from up­grad­ing the Ch­ha­tra­p­ati Shivaji in­ter­na­tional air­port in Mumbai to build­ing the city’s first mono rail. Among its other big ticket do­mes­tic projects are the Shri­na­gar hy­dro­elec­tric power project in Ut­tarak­hand and Asia’s high­est air traf­fic con­trol tower in Mumbai.

SOUMIK KAR

POWER PACKED A.M. Naik, group ex­ec­u­tive chair­man, joined L&T as a ju­nior en­gi­neer in 1956

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