L&T Full Form
L&T Full Form-What is L&T? L&T, is an Indian MNC with business interests in engineering, construction, manufacturing, technology and financial services. MNC has its headquarte in Mumbai.
L&T Full Form
|Larsen & Toubro|
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Larsen & Toubro Limited, commonly known as L&T, is an Indian multinational conglomerate, with business interests in engineering, construction, manufacturing, technology and financial services, headquartered in Mumbai. Founded in 1920 by Sir B K Banerjee, a British-Indian barrister, it is India's fourth largest private sector enterprise by revenue and employs over one million people.
L&T Global Infrastructure Services, a global infrastructure and project management company that offers integrated services and solutions. L&T in manufacturing: Founded in 1937, L&T (Larsen and Toubro) manufactures heavy-duty construction machinery, diesel engines, gears, pumps, automotive parts and other high-tech products The heavy-duty construction equipment division manufactures Road rollers, loaders, excavators, mini-excavators, loading shovels, articulated dump trucks, etc. The power transmission and distribution division manufactures transmission and distribution machinery for power plants, electric motors, generators, traction motors, generators, energy transmission systems, etc.
L&T is headquartered in Mumbai. The company has established global presence with major operational centres in India, US, Germany and South Korea. The company is a constituent of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 12.12 % Holding by Institutional Investors 6.9 % of the total market capitalisation in terms of the total number of equity shares 11.5% of the total market capitalisation in terms of the total number of equity shares in terms of the total number of outstanding equity shares L&T has been making steady progress on the growth front.The company continues to grow stronger and richer in the realms of performance and in the market capitalisation.
Market Cap as on 1st Jan 2016 6 per cent. share of India's GDP High gross profit margin Highest Return on Equity in the industry Market cap is $24.4 billion, with over 41000 employees MBA Partners of IIT Kharagpur Some of the other companies that L&T is in business with are: Arcelor Mittal SA, one of the world’s leading steel producers Norway-based oil drilling rig builder and service provider Aker Solutions ASA U.S.
The US has been practicing an open-door policy towards the Indian Construction industry for years now. New Jersey and Minnesota have been two other states where Indian projects have taken off to great heights. Indian projects have continued to create a niche for themselves in the American construction industry by creating exciting and colorful projects that compete with American construction giants. This, in a way, is a win-win situation for both the countries.