LARSEN & TOUBRO It’s all about imagineering...

LARSEN & TOUBRO (L&T) IS A TECHNOLOGY-DRIVEN US- 8.5 BILLION DOLLARS COMPANY THAT INFUSES ENGINEERING WITH IMAGINATION AND OFFERS A WIDER RANGE OF ADVANCED SOLUTIONS, SERVICES AND PRODUCTS. IT BELIEVES IN PRODUCING RICH PRODUCTS OF EXTREMELY HIGH QUALITY.

L&T'S IN-HOUSE CAPABILITIES IN TECHNOLOGY DEVELOPMENT ARE COMPLEMENTED BY TIE-UPS WITH WORLD LEADERS AND THEY PROVIDE STATE-OF-THE-ART PRODUCTS & SOLUTIONS TO A LARGE AND DIVERSE CUSTOMER BASE.

ABOUT LARSEN AND TOUBRO

HISTORY FOUNDED : 1938 BY: HENNING HOLCH- LARSEN AND SOREN

KRISTIAN TOUBRO BEGINNING WITH THE IMPORT OF MACHINERY

FROM EUROPE THE COMPANY RAPIDLY TOOK ON

ENGINEERING AND CONSTRUCTION ASSIGNMENTS.

THE COMPANY CONVERTED INTO A LIMITED(LTD) COMPANY ON FEBRUARY 7th,1946.

CORPORATE OVERVIEW

LARSEN & TOUBRO LIMITED (L&T) IS INDIA'S LARGEST ENGINEERING AND CONSTRUCTION CONGLOMERATE WITH ADDITIONAL INTERESTS IN ELECTRICALS, ELECTRONICS AND IT. A STRONG CUSTOMER-FOCUS APPROACH AND CONSTANT QUEST FOR TOP-CLASS QUALITY HAVE ENABLED L&T TO ATTAIN AND SUSTAIN LEADERSHIP OVER 6 DECADES.

EPC PROJECT BUSINESS CONSTITUTES A CRITICAL PART OF THE L&T'S ENGINEERING CORE. L&T HAS INTEGRATED ITS STRENGTHS IN BASIC AND DETAILED ENGINEERING, PROCESS TECHNOLOGY, PROJECT MANAGEMENT, PROCUREMENT, FABRICATION AND ERECTION, CONSTRUCTION AND COMMISSIONING, TO OFFER SINGLE POINT RESPONSIBILITY UNDER STRINGENT DELIVERY SCHEDULES. STRATEGIC ALLIANCES WITH WORLD LEADERS ENABLE L&T TO ACCESS TECHNICAL KNOW-HOW AND EXECUTE PROCESS INTENSIVE, LARGE SCALE TURNKEY PROJECTS TO MAINTAIN ITS LEADERSHIP POSITION.

  L&T'S INTERNATIONAL PRESENCE IS ON THE RISE, WITH A GLOBAL SPREAD OF

OVER 30 OFFICES AND JOINT VENTURES WITH WORLD LEADERS. ITS LARGE TECHNOLOGY BASE AND POOL OF EXPERIENCED PERSONNEL ENABLE IT TO OFFER INTEGRATED SERVICES IN WORLD MARKETS.

RECORD OF ACHIEVEMENTS

L&T’S SIGNATURE OF EXCELLENCE IS EVIDENT ON:

THE WORLD'S LARGEST COAL GASFIRE MADE IN INDI A AND EXPORTED TO CHINA.

THE WORLD’S BIGGEST EO REACTOR FOR A PETROCHEMICAL COMPLEX IN THE GULF.

THE WORLD’S LARGEST FCC REGENERATOR FOR A REFINERY .

ASIA’S HIGHEST VIADUCT.

THE WORLD’S LONGEST COAL CONVEYOR .

L&T PLAYED A CRITICAL ROLE IN BUILDING INDIA’S FIRST NUCLEAR POWERED SUBMARINE.

ORGANISATION STRUCTURE

LARSEN AND TOUBRO HAS AN OVERALL STRENGTH OF 35,000 EMPLOYEES.

SINCE LARSEN AND TOUBRO IS A VAST COMPANY, IT IS DIVIDED INTO VERTICAL OD’s.

EVERY OD HAS ITS OWN DIRECTOR AND MANAGER, WHO LEADS THEM AND EVERY OD IS INDEPENDENT

THERE ARE VERTICAL OD’s SO THAT EVERY DEPARTMENT WORKS WITHOUT ANY INTERFERENCE OF THE OTHER.

ACCORDING TO THEM VERTICALLY DIVIDED OD’S HELP THEM TO FOCUS BETTER ON THE WORK.

ORGANISATION STRUCTURE

DIRECTOR

VICE-PRESIDENT

GENERAL MANAGER

DEPUTY GENERAL MANAGER

MANAGER

EXECUTIVE ENGINEERS (MORE THAN 1000)

PAY STRUCTURE

LOW LEVEL MANAGERS (16000-

30000)

MIDDLE LEVEL

MANAGERS (25000-

50000)

TOP LEVEL MANAGERS

(16crores

p.a)

STRENGTH AND WEAKNESSES SWOT ANALYSIS IS ONE OF THE IMPORTANT

TASKS OF EVERY COMPANY. LIKE EVERY COMPANY, L &T ALSO FOLLOWS

THE RULE OF EMPHASIZING ON THEIR STRENGTHS, ELIMINATING THEIR WEAKNESSES,SEIZE THE BEST OPPORTUNITIES AND COUNTER THE THREATS.

THEY FOLLOW THE RULE,

“DO NOT RELY ON A SINGLE ECONOMY.”

The company’s strengths and weaknesses and areas of development or decline are analyzed. Financial, strategic and operational factors are considered. 

The opportunities open to the company are considered and its growth potential assessed. Competitive or technological threats are highlighted. 

The report contains critical company information – business structure and operations, the company history, major products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries.

It provides detailed financial ratios for the past five years as well as interim ratios for the last four quarters.

Financial ratios include profitability, margins and returns, liquidity and leverage, financial position and efficiency ratios. 

Operating Principals

I realize MUTUAL BENEFITS

I improve CONTINUOUSLY

I ensure that employees and

colleagues SUCCEED

I do it RIGHT the FIRST time

I VALUE & LISTEN to the

CUSTOMERS

I serve as an example in

ENVT. MATTERS

STRATEGIC PLANNING

Market survey, analysis of customer needs and aligning business accordingly has always given an edge to ECC over its competitors.

Over the years the organization has perfected its operations with inputs from market study and forecasted future business plans and targets.

Strategic plans have been developed to provide direction to business and accompanying strategic initiatives help in focused action to achieve targets.

 

RESOURCE PLANNING

Centralized Resources dept at HQ takes care of allocation, distribution and movement of Staff and Plant & Machinery to meet the requirements for deployment in various regions and overseas across the company.

  Resources department as a focal

point helps the Operational Units to optimize the productivity by maintaining a balance between the availability and the requirement of resources (Staff and Plant & Machinery). It also facilitates the process of decision and deployment of equipment from external agencies as needed.

QUALITY MANAGEMENT

Good quality products and customer satisfaction are two basic requirements of business.

Well-structured quality management systems ensure good quality, safety, reliability and controlled cost at every stage of construction with a view to enhance customer satisfaction and value addition to stake holders.

ECCD's quality management program was initiated since its inception. It was given a thrust by deciding to bring the organization under ISO certification.

RISK MANAGEMENT The Division has a robust risk management

framework. This has been identified as one of the key enablers to achieve the Company’s strategic objectives.

The E&C Risk Management team has been set up to effectively manage risk that is inherent in the Engineering and Construction business, be it costing, scheduling, safety, financing human capital and contracting risk.

It is an active member of the Engineering & Construction Risk Institute (ECRI) USA, an initiative of World Economic Forum.

Today we see a shift away from traditional compliance and insurance motivated risk management to one that is closely linked to business performance.

The objective is to strengthen E&C’s competitive edge and evolve a risk-embracing culture.

INTERNATIONAL PROJECTS

L&T is globalising its operations with increasing focus on international business opportunities.

Today, the activities of construction division extend beyond the subcontinent.

ECC has a major presence in the Middle East, South East Asia, Russia, CIS countries, Mauritius, Africa and SAARC countries.

ECC is increasing its market share in the developing countries of the Indian Ocean Rim, Africa and Latin America.

Taj lagoons resort , Maldives

JOINT VENTURES L&T-Valdel Engineering Pvt. Limited - A joint venture

with Bangalore based Valdel Engineers & Constructors Pvt. Ltd. It offers upstream engineering services to the oil & gas sector.

L&T-Chiyoda Limited - A joint venture with Chiyoda Corporation of Japan, it offers international-grade engineering services to the hydrocarbon processing industries that include refineries, petrochemicals, oil & gas processing, LPG and LNG terminals, fertilisers, chemicals, etc

L&T-Sargent& Lundy Limited - A joint venture with Sargent& Lundy (USA), it offers a complete range of engineering and design services for the power sector

HPL Cogeneration Limited - Provides power to Haldia Petrochemicals Limited.

L&T International FZE - A wholly owned subsidiary of L&T, incorporated in 2001 at The Hamriyah Free Zone, Sharjah, United Arab Emirates. It is the investment arm of L&T for all international joint ventures and provides resource for international projects.

Larsen & Toubro (Oman) LLC - A joint venture between L&T International FZE and The Muscat Trading Co. LLC. This ISO 9001 company offers products and services in the construction field, with specialisation in turnkey projects

CHALLENGES FACED

The construction market shows a mixture of optimism and apprehension. Owing to lowering demand, some sectors like realty, especially in premium housing and capacity augmentation in manufacturing sectors, are expected to move a bit slower than in the recent past. However with more and more migration of people in to urban areas, the housing sector will continue to generate a lot of opportunities.

Infrastructure projects will continue to be the focus of both Government and private sectors, supported by policy initiatives to drive infrastructure growth.

FINANCE ACCOUNTS AND ADMINISTRATION Finance, Accounts and Administration

Department administers the Finance & accounts related policies of the Company at all project sites through Regional Offices.

Besides this, the Department manages the working capital for the Division through effective funds management, monitoring of receivables and vendor financing.

It also ensures compliance of statutory requirements and internal controls at Regional Offices and project sites.

The department also consolidates and presents the audited accounts of the Division as applicable under the relevant Acts.

SOCIAL RESPONSIBILITY

L&T believes that the true and full measure of growth, success and progress lies beyond balance sheets or conventional economic indices. It is best reflected in the difference that business and industry make to the lives of people.

This can be seen in the following fields: Health Education Environment Response to natural calamities Employee Volunteering

HEALTH

•L&T's participates in building a healthy community through continuing initiatives in several areas of healthcare, with a focus on mother & child care and HIV/AIDS awareness. •Through health care centers and regular family camps L&T organizes health checkups, provides gynecology and laboratory facilities, carries out free cataract surgeries and intra ocular lens implants, and helps maintain health data for children.

EDUCATION

• L&T's diverse and sustained programmes in education provide underprivileged children with learning opportunities through supply of educational materials, teaching aids, recreational tools and up scaling school infrastructure.

•The vocational training institutes of the Larsen and Toubro Public Charitable Trust, provide local communities with skill-based training in Formwork, Masonry, Agro Mechanics, Electricals, Fabrication, Welding and Housekeeping.

ENVIRONMENT

•Global warming: at L&T, we have always been conscious of the need to maintain harmony with the environment. We continuously seek newer environment-friendly approaches in all our operations – energy conservation, exploring alternative sources like wind and solar energy, waste water reduction, etc.

RESPONSE TO NATURAL CALAMITY

•L&T and its employees have provided relief measures during natural calamities like earthquake and floods. L&T has assisted in disaster relief through employee and corporate donations, employee volunteering, supply of construction material, medical and food supplies. After the floods in Surat (Gujarat-India), L&T played a major role in road-clearing operations, organising medical camps, and supply of food, water, clothes and other relief materials.

EMPLOYEE VOLUNTEERING

•L&T encourages employees to volunteer for activities, resulting in a self-driven approach while retaining consistency. L&T employees and the ladies clubs formed by their families at different locations, serve their communities by investing personal resources and time.

•From taking initiatives in building the next generation of productive citizens, empowering women, paying regular visits to old age homes and orphanages, to organising blood donation camps, our employees have always believed in truly making a difference to the world in which they live.

HR POLICY

Recruitment based solely on merit by following well-defined and systematic selection procedures without discrimination.

Sustain motivated and quality work force through appropriate and fair performance evaluation, reward and recognition systems. 

Identify training needs within the Organisation and design and implement those need based training programmes resulting in continuous upgradation of knowledge, skills and attitudes of the employees. 

Maintain a quality Human Resource Management System to meet the international standards as per ISO 9001. Plan, design, train, equip and motivate the department staff to meet this standard of expectation.

The basic principles of ECC's Human Resources policies include:

OPPORTUNITIES IN L&T

L&T offers multiple career options across all its business lines.

Every career avenue reflects the Company’s strong people orientation. People are our most valuable resource. We invest in them. We believe in them.

L&T is different from other large corporates. There is no ownership overhang. It is a company that is managed by its employees. The leadership team is formed by L&T-ites who joined as graduate trainees and rose to the top based entirely on merit. The high road of opportunity is open to all. You could be one of them to reach to the top.

TRAINING FOR CAMPUS RECRUITS

•The objective of this 'finishing school' is to successfully on-board the campus recruits in L&T so that they can have an overview of the breadth of work.

•The 35-day programme consists of an orientation about L&T, its businesses, and projects undertaken. The trainees have to work on technical projects, individual assignments, product simulations, and have to undergo various technical as well non-technical exercises on-line.

CAMPUS OFFERS

CONCLUSION

TEAM MEMBERS

AYMAN CHANDIWALA-13 PRANJALI GAWANKAR-22 ANUSHOOL HEGDE-26 NIKHIL DADLANI-16 JYOTIKA KODWANI-42 DIPIKA ASWANI-7 SANDHYA BAJAJ-10