Larsen & Toubro is a major technology, engineering, construction,

manufacturing and financial services conglomerate, with global

operations. L&T addresses critical needs in key sectors - Hydrocarbon,
Infrastructure, Power, Process Industries and Defence - for customers in
over 30 countries around the world.
L&T is engaged in core, high impact sectors of the economy and our
integrated capabilities span the entire spectrum of design to deliver.
With over 7 decades of a strong, customer focused approach and a
continuous quest for world-class quality, we have unmatched expertise
across Technology, Engineering, Construction, Infrastructure Projects
and Manufacturing, and maintain a leadership in all our major lines of
business.
Every aspect of L&T's businesses is characterised by professionalism
and high standards of corporate governance. Sustainability is embedded
into its long-term strategy for growth.

The Companys manufacturing footprint extends across eight countries

in addition to India. L&T has several international offices and a supply
chain that extends around the globe.

SHAREHOLDING PATTERN

Financial Institutions held around 30.5% equity shares in L&T. Over

850,000 individual shareholders hold approx. 24% of its shares. Foreign
Institutional Investors held approx. 16.6% shares. Others held approx.
29% of the shares. Life Insurance Corporation of India is the largest
shareholder in the company with 16.45% shareholding.

WACC
As of today, Larsen & Toubro Ltd's weighted average cost of capital is
11.24%

ROR
Larsen & Toubro Ltd's annualized return on capital (ROC) for the
quarter that ended in Mar. 2015 was 14.68%

EPS
The EPS was Rs. 54.39 for L&T in March 2015

DISCOUNT RATE

Discount rate for L&T is 15.09%

ROE

Larsen & Toubro Ltd's annualized net income for the quarter that ended
in Mar. 2015 was 82,786 Mil. Larsen & Toubro Ltd's average
shareholder equity for the quarter that ended in Mar. 2015 was 204,545
Mil. Therefore, Larsen & Toubro Ltd's annualized return on equity
(ROE) for the quarter that ended in Mar. 2015 was 40.47%.
Larsen & Toubro Ltd's annualized return on assests (ROA) for the
quarter that ended in Mar. 2015 was 8.53%.

CAPITAL BUDGETING PROJECTS

L&T Infrastructure Development
Projects Limited
(L&T IDPL) is a major player in the
Public-Private Partnership projects
in India with business interests
across Roads and Bridges, Ports,
Metro Rail, Wind energy and
emerging sectors such as Power
Transmission Lines, Water and
Railways. Incorporated in the year
2001 as L&T Holdings Limited,
then a wholly owned subsidiary of
Larsen & Toubro, L&T IDPL is
currently Indias premier road
developer with a portfolio of 17
projects with 7800 kms at an
estimated project cost of v 187,000
crores. Of these, 13 projects are
under operation and 4 projects are
under implementation.
L&T IDPLs portfolio of
infrastructure assets also includes
the Hyderabad metro rail project, a transmission line project, ports and a
wind energy project.

Thermal Power Projects Nabha Power Limited (NPL)

NPL is a 2X700 MW supercritical thermal power plant at Rajpura, Punjab. This is the first
development project and the first power plant to be owned & operated by L&T. Entire
power generated from this plant is contracted with Punjab State Power Corporation
Limited (erstwhile PSEB) for a period of twenty five years under a Power Purchase
Agreement (PPA). The plant is built on super critical technology of Mitsubishi, Japan. It is
the first made in India supercritical power plant to be commissioned and made
operational in the country.
The plant sources its fuel from South Eastern Coalfields Ltd. (Subsidiary of Coal India
Limited) under a 20 year Fuel Supply Agreement (FSA). The company has also secured
approvals to arrange coal from alternative sources to make up for any shortage in supply
of coal under the FSA. Bhakra-Nangal distributary is the perennial source of water for the
plant under an allocation by the state irrigation. The plant is operated by an in-house
experienced team of operations and maintenance professionals
First unit of 700 MW had already commenced commercial operations in Feb 2014 and the
second unit of 700 MW commenced operations during the year in July 2014. The power
plant is running successfully for over a year with a technical availability of over 90% in first
year of operations.

DOHA METRO PROJECT

The Heavy Civil Infrastructure Business of L&T Construction has made a major
breakthrough in the State of Qatar by winning a prestigious US $740 million (approx. 4510
crores) order from Qatar Railways Company for the design and construction of the Gold
Line of the Doha Metro project in Qatar. The total value of order for the joint venture is US
$3.3 billion (approx. 20,000 crores).
The project is scheduled to be completed in 54 months. The contract includes the design
and construction of twin tunnels for an approximate length of 11 Km and nine
underground metro stations including architectural finishes and mechanical, electrical and
plumbing works. This Metro project is among the key infrastructure projects of national
interest as per the Qatar National Vision 2030.

Rajasthan Rural Water Supply and Fluorosis Mitigation Project

Engineering major, Larsen & Toubro Ltd said that its arm L&T Construction's Water &
Effluent Treatment Strategic Business Group, has won turnkey orders worth Rs 1,489 crore
in August 2015.According to the filing, the orders are funded by Japan International
Cooperation Agency (JICA).
The projects are aimed at providing potable water to 986 villages and seven urban towns in
Nagaur district and 111 villages and two towns of Bikaner district in Rajasthan.
The scope of the packages includes the construction of a 5310 ML raw water reservoir, a
250 MLD water treatment plant, raw water and clear water pumping stations, mild steel
and ductile iron pipelines, electro-mechanical and instrumentation and other allied works
including operation and maintenance.

CAPITAL STRICTURE

BOOK VALUE

MARKET VALUE

DIVIDEND POLICY