L&T

Larsen and Toubro Ltd.
INFORMATION OF THE COMPANY

REGISTERED OFFICE L&T House, Ballard Estate, Mumbai 400 001 AUDITORS M/s. Sharp & Tannan SOLICITORS M/s. Manilal Kher Ambalal & Co. REGISTRAR & SHARE TRANSFER AGENTS Sharepro Services (India) Private Limited
College of Computer and Management Studies, Vadu.
BOARD OF DIRECTORS
A. M. Naik J. P. Nayak Chairman & Managing Director Whole-time Director & President (Machinery & Industrial Products) Y. M. Deosthalee K. Venkataramanan Whole-time Director & Chief Financial Officer Whole-time Director & President (Engineering & Construction Projects) R. N. Mukhija Whole-time Director & President (Electrical & Electronics) K. V. Rangaswami V. K. Magapu Whole-time Director & President (Construction) Whole-time Director & Senior Executive Vice President (IT & Technology Services) M. V. Kotwal Whole-time Director & Senior Executive Vice President (Heavy Engineering) S. Rajgopal S. N. Talwar M. M. Chitale Thomas Mathew T. Non-Executive Director Non-Executive Director Non-Executive Director Nominee LIC
Larsen and Toubro Ltd. N. Mohan Raj Subodh Bhargava Bhagyam Ramani (Mrs.) A. K. Jain N. Hariharan Nominee LIC Non-Executive Director Nominee GIC Nominee UTI Companys secretary
MANAGEMENT TEAM
HISTORY OF THE COMPANY

Larsen & Toubro Limited is the biggest legacy of two Danish Engineers, who built a world-class organization that is professionally managed and a leader in India's engineering and construction industry. It was the business of cement that brought the young Mr. Henning Holck-Larsen and Mr. S. K. Toubro into India. They arrived on Indian shores as representatives of the Danish engineering firm F L Smith & Co in connection with the merger of cement companies that later grouped into the Associated Cement companies. Together, Mr. Holck-Larsen and Mr. Turbo founded the partnership firm of L&T in 1938, which was converted into a limited company on February 7, 1946. Today, this has metamorphosed into one of India's biggest success stories. The company has grown from humble origins to a large conglomerate spanning engineering and construction. ECC was conceived as Engineering Construction Corporation Limited in April 1944 and was incorporated as wholly owned subsidiary of Larsen & Toubro Limited. L & T's founders Mr. Holck - Larsen and Mr. Toubro laid the foundation for ECC. It has today emerged as India's leading construction organization.
AWARDS AND RECOGNIZATIONS

College of Computer and Management Studies, Vadu. 5
SIZE OF THE UNIT

Larsen and Toubro is a leading technology, engineering, construction and manufacturing company. The companys other key activities include manufacturing of electrical and electronic equipment, services and information technology. The company operates primarily in India. It is headquartered in Mumbai, India and employs about 27,200 people. The company recorded revenues of INR213, 421.6 million (approximately $4,915.1 million) during the fiscal year ended March 2007, an increase of 25.4% over 2006. The net profit was INR22, 312.5 million (approximately $513.9 million) in fiscal year 2007, an increase of 70% over 2006.
SCOPE
Provides all the crucial company information required for business and competitor intelligence needs Contains a study of the major internal and external factors affecting the company in the form of a SWOT analysis as well as a breakdown and examination of leading product revenue streams
Larsen and Toubro Ltd. Data is supplemented with details on the companys history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available company statement.
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VISION
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INTRODUCTION
L & T is a construction company which is engaged in construction of the machineries, building industries, bridges, etc. the firm has good name in the market due the leading in the engineering and construction division than other firms.
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RANGE OF PRODUCTS
Buildings and factories sector Institutional and commercial buildings System housing and industrial structure Transportation and infrastructure sector Ports and harbours and special projects Bridges Roads and runways Hydel and nuclear power and foundation engineering sector Hydelpower and irrigation projects Nuclear power, space and defense projects Hydrocarbon and power sector Hydrocarbon construction and pipelines Thermal power and non-conventional power Industrial projects and utilities sector Minerals and metals Bulk material handling Water and utilities Power transmission and distribution sector Electrical, instrumentation and communication Transmission lines
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PRODUCTION
Company has developed product basket offering some of the industrys most innovative products. Company has relentlessly pursued the customer need approach in line with philosophy that the ever changing needs of todays customers require continuous innovation and development of newer products. Regarding production process ecc has been providing its service factor to the customers or clients, the raw materials for construction like cement steel and other engineering equipments are provided by the clients itself. Even the inventories and store are comprised into that. There is only the services which have to be provided by the company to its clients. They need to handle or supervise the construction of project allotted to them.
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PRODUCTS
COMMERCIAL AND RESIDENSIAL COMPLEX
ROADS AND BRIDGES
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PORTS AND HARBOURS
AIRPORTS
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POWER PROJECTS
REFINERIES
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INRODUCTION TO THE HR DEPARTMENT

L&T is a team of more than 29000 L&T-sites spread across multiple locations across the globe, having proven track record and professional skills, woven together with a common culture of trust & caring. L&T offers its people freedom at work, unmatched leadership & the opportunity to grow at a rapid pace. It provides them challenging, interesting & motivating assignments which brings a sense of professional fulfillment. The company encourages entrepreneurial skills thus, enabling and empowering employees to take appropriate risks. Employee participation is encouraged by inviting suggestions & opinions. This is coupled with competitive compensation & rewards and training through Core Development & Behavior Development Programme, to enable them to unleash their full potential. Today L&T is growing at a rapid pace. This growth necessitates greater investment in talent. If you have the passion to excel in your career, we at L&T provide you the right platform to translate your imaginations to reality. We have opportunities in various disciplines viz Technology, Engineering, Finance, IT, HR, Research, Sales, Marketing, Legal and many more. We invite you to be a part of this committed and professionally.
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RECRUITMENT
GRADUATE ENGINEER TRAINEES L&T's amazing growth story has been possible because of the fresh talent that flows in from engineering campuses. The top management believes in transforming fresh graduate engineers into future leaders by making them go through the crucible of challenging assignments. The belief is strengthened by the fact that most of the business leaders in L&T have joined as trainees and have grown up the ladder. The inflow of graduate engineering trainees (GETs) from campuses has seen a steady increase over the past few years. This is evident from the increase in offers in campuses (refer graph below)
The scenario for the future is very positive with businesses growing at a steady pace. The demand for fresh talent is on the increase and we are looking for bright engineering talent to partner us in this growth story. The plan is to add at least 40% more to the next year's figures.
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UNLOCKING PEOPLE POTENTIAL

At L&T, no dichotomy is seen between a caring company and a challenging environment. L&T cares for its employees and greatly values the contribution they make, while at the same time, sets before them daunting targets. L&T, therefore, considers it as its prime responsibility to offer people all the tools and techniques to facilitate performance and create a competitive environment of excellence. A People Management programme helps managers sharpen their skills in managing people and build strong work relationships. This programme is an attempt to put HR at the door-step of the line manager - where it truly belongs. Over a hundred programmes have been conducted covering around a thousand managers. In all, over five thousand employees will be covered. L&T believes that teaching is an effective means of internalizing learning. An internal team of trainers, comprising line managers, has been developed to cascade the programme. We envisage that the total training man hours will increase appreciably in the future. L&T has, therefore, decided to augment its training facilities. While L&T has already created training facilities at Madh in Mumbai and at Mysore, it is also in the process of doubling the capacity of the Management Development Centre at Lonavala. The Human Resources Development constantly reinforces the employees sense of belonging and sustains his or her motivational levels. For this, L&T believes it is vital that employees perceive a clear linkage between their performance and the rewards they receive. The Performance Measurement System called FAIR Framework for linking Appraisal with Increments & Rewards was reviewed and revised recently to make it more effective particularly with regard to employee development and fostering an appreciative culture. Several initiatives have been taken by Divisions to improve employee engagement. These initiatives are focused at the Divisional as well as the workplace level and address
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Larsen and Toubro Ltd. areas such as team building, performance feedback, infrastructure, work life balance, fun at work, etc. L&T offers training programmes for developing technical, behavioral and managerial skills. Efforts are constantly made to align these to competency needs and enlarge the range of offerings. In consultation with IIMs, L&T has redesigned its Management Development programmes to suit current business needs. Last year, L&T had started an learning portal called ATL Any Time Learning.
LEADERSHIP DEVELOPMENT
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Larsen and Toubro Ltd. No plan can be successful without adequate and appropriate leadership. This is even more critical considering the current talent shortage. To achieve our aspirations, especially in the longer term, L&T has initiated a structured leadership development program to develop leaders more, better, faster for not only meeting near-term challenges but also for creating a pool of leaders to take on larger responsibilities in future. If people are critical in the present scheme of things, they will have an even more vital role in the future as L&T accelerates its knowledge thrust. Tomorrow, the bar is going to be raised higher, the canvas of opportunity will grow wider and the demands more daunting. But L&T is confident that its talent will triumph. And we will redeem our pledge. As the Companys anthem puts it: Jiski mitti se paida huay hum, karz hum us zameen ka chukaye.
TALENT ATTRACTION
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Larsen and Toubro Ltd. L&T offers the opportunity to be a part of a dynamic team in energy charged environment. L&T has recruited over 1000 Graduate Engineer and Diploma Engineer Trainees during the year from over 300 engineering colleges across the country. L&T also recruited experienced candidates laterally, particularly for the middle management level. This exercise is backed by a systematic Manpower Budgeting process in line with the business needs of the Company.
SOCIAL CORPORATE RESPONSIBILITY
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Larsen and Toubro Ltd. Beyond the balance sheet lies another story of L&Ts achievements. And that is because beyond the countrys accelerated economic growth indices lies another India. This is an India that moves haltingly from an unhappy past to an unwelcoming future, an India whose native talent goes a begging for want of opportunity. Its an India populated by men, women and children who witness from afar the miracle of economic transformation but seem never privileged enough to participate in it. It is this other India to which L&T also remains committed.
L&T is conscious of the fact that while striving for profitable growth, it must assume the larger responsibility of being responsive to the society we live in. L&T believes that sustainable development initiatives are those which are targeted towards meeting the needs of the present without compromising the ability of the future generations to meet their own needs. In the year under review, L&T supplemented its CSR activities through special initiatives in homage to co-founder Henning Holck-Larsen, whose birth centenary was celebrated companywide.
HEALTH
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Larsen and Toubro Ltd. L&T brings healthcare within the reach of the underprivileged. Medical and paramedical Professionals use state-of-the-art equipment at L&Ts welfare centers and factories to prevent, diagnose and cure disease. Services include skin treatment, TB consultation, leprosy diagnosis and treatment, ultrasound facilities, ante-natal care, dental treatment, eye care and cataract referrals for the aged, yoga for women, well-women clinic, psychiatry and counseling. Immunization drives play a crucial role in preventing disease. Mobile health clinics extend the reach of L&Ts health services. A priority is mother-and-child care. Extending the reach of these services, seven new centers were opened in Mumbai during 2007-08. Countrywide, around two hundred health camps targeted specific diseases and specific groups. Health services were provided to the children through regular health camps. More than 14000 children underwent eye screening in a special project at Coimbatore. 1630 family planning operations were conducted through family planning camps in Surat and for tribal population in Ahwa Dangs in Gujarat. Of these, 886 were vasectomies. HIV/AIDS awareness, care & support continue to be a thrust area. L&T regularly organizes HIV/AIDS awareness and counseling camps for mobile populations like migrant workers at construction sites. L&T contributes to improving healthcare, education, safety and to the welfare & development of the L&T family and community in which it operates.
EDUCATION
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When they enter L&Ts skill training centers, they are school dropouts and unemployed youths. When they come out, they are professionals who have found their future. L&Ts skill training centers are engines of social change. Even more importantly, skill training is somewhat of a life transforming experience giving youth self-belief and helping them win back the respect of very society which had considered them misfits. The Larsen & Toubro Public Charitable Trust conducts skill training at Mumbai, Lonavala, Aurangabad, Latur and Kharel. In addition, L&T runs Construction Skills Training Institutes at Ahmedabad, Bangalore, Chennai, Delhi and Panvel. These are the bricks that will build the mansion where the future citizens of our country will reside ... small but significant steps in building the India of our dreams.
ENVIRONMENT
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L&T undertakes massive tree plantation drives. Around 50,000 trees were planted during the year under review. In rural areas, L&T has helped with conservation methods such as tube wells and solar lighting. L&T maintains urban gardens and lawns. To spread the message of conservation, L&T organizes awareness camps for children and youth. Six check dams constructed by L&T Public Charitable Trust in the tribal belt of Dahanu have helped in re-charging the wells and cultivation of cash crops by the tribal farmers. Identifying energy as a key natural resource, L&T has taken initiatives at manufacturing locations to reduce the consumption of energy and promote the use of renewable energy. These include solar water heating systems at its canteens, solar-powered photo-voltaic cells for street lightings and traffic signals. For instance, L&T is meeting approximately 60% of its electricity requirements of Powai (west) campus through wind energy.
AWARDS FOR HR PRACTICES
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Larsen and Toubro Ltd. Asia Pacific HR Conclave Award for the company with Most Innovative HR practices National award for Best HRD Practices from Indian Society for Training & Development. National Award for Outstanding Work in HR Management from National HRD Network. Award for Outstanding HR Development from Confederation or Engineering Industry. Integration of Information Technology with HR in ECC Division has been recognized by the National HRD Network.
HR POLICY
The basic principles of ECCs Human Resources policies include College of Computer and Management Studies, Vadu. 29
Recruitment based solely on merit by following well-defined and systematic selection procedure without discrimination
Sustain motivate and quality work force through appropriate and fair performance evaluation, reward and recognition systems
Identify training needs within the Organization and design and implement those needs based training programmes resulting in continuous upgradation.
TOWARDS A BRIGHTER TOMMORROW FOR ALL
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L&TS COMMUNITY SERVICE INITIATIVES COVER EDUCATION, TECHNICAL TRAINING, HEALTH & THE ENVIRONMENT
MARKETING
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Larsen and Toubro Ltd. Ecc group of Larsen and toubro limited does not go for advertisement as they have tender based system for acquiring a project or job. When company was established was a monopolistic of its kind and from that time to now it has been great player in its field specially engineering contracts and construction divisions. Today there are many players in market but still name and fame of the company is such that for the big projects regarding constructions ecc is always preferred whether it is private sector or public sector like presently the largest grass root refinery at jamanagar or the nuclear power plant at tarapur. L & T emphasizes on social marketing like green earth or green planet and aids awareness kind of moments which helps in marketing about the firm Its another way of coming into knowledge of the society by putting its name on the front or top of the building or structure depicting that is been constructed by L & T such way they come into eyes of society or one interested to become its client seeing its construction anyone demanding construction will be keen for L & T to take up its project For L & T its mouth word publicity has also played a very important role for developing its market and such indirect marketing has helped it emerge as greatest player in engineering and constructions sector
DIVIDEND
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Larsen and Toubro Ltd. The Directors recommend payment of final dividend of Rs.15 /- per equity share of Rs.2 /- each, which together with the Interim Dividend of Rs.2 /- per equity share declared on July 3, 2007, works out to Rs.17/- per equity share for the year under review. Shares that may be allotted on exercise of Options granted under the Employee Stock Option Schemes before the Book Closure for payment of dividend will rank pari passu with the existing shares and be entitled to receive the final dividend.
DEPOSITORY SYSTEM
As the members are aware, the Companys shares are compulsorily tradable in electronic form. As on March 31, 2008, almost 96% of the Companys total paid-up capital representing 28,00,29,889 shares were in dematerialized form. In view of the numerous advantages offered by the Depository system, members holding shares in physical mode are advised to avail of the facility of dematerialization on either of the Depositories.
AUDITORS
The Auditors, M/s. Sharp & Tannan, hold office until the conclusion of the ensuing Annual General Meeting and are recommended for reappointment. Certificate from the College of Computer and Management Studies, Vadu. 33
Larsen and Toubro Ltd. Auditors has been received to the effect that their re-appointment, if made, would be within the limits prescribed under Section 224(1B) of the Companies Act, 1956.
CAPITAL & FINANCE

During the year under review, the Company allotted 15,00,901 equity shares upon exercise of stock options by the eligible employees under the Employee Stock Option Schemes. The Company further allotted 35,55,741 underlying equity shares in respect of Global Depository Receipts issued upon conversion of 1,146 Bonds (value JPY 11.46 bn) out of JPY 11.57 billion Zero Coupon Foreign Currency Convertible Bonds (due 2011) issued in January 2006. The Company issued and allotted 40 lakh Global Depository Shares (GDS) at USD 100 each representing an equal number of equity shares of Rs. 2/- each. During the year under review, the Company tied up foreign currency long term loans aggregating to USD 390 million to finance ongoing capital expenditure, investment in overseas subsidiaries and overseas acquisitions. The loans have tenors of 5, 7 and 10 years. The Company has repaid rupee loans of Rs. 27 Crore during the year.
CAPITAL EXPENDITURE
As at March 31, 2008, the gross fixed and intangible assets, including leased assets, stood at Rs. 4,935.02 Crore and the net fixed and intangible assets, including leased assets, at Rs. 3,645.44 Crore. Additions during the year amounted to Rs. 1,647.20 Crore.
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DEPOSITS
123 Deposits totaling Rs. 0.12 Crore which were due for repayment on or before March 31, 2008 were not claimed by the depositors on that date. As on the date of this report, deposits aggregating to Rs. 0.01 Crore thereof have been claimed and paid.
PROFIT AND LOSS ACCOUNT

Rs. million
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PARTICULARS Sales and services Other income TOTAL LESS: Expenditure Manufacturing, construction and operating expense Staff expense Sales, admn., and other expenses Interest and brokerage (Gross) Depreciation, impairment and obsolescence PROFIT BEFORE TAX Less: Provision for taxes PROFIT AFTER TAX Basic earning per equity share (Rs.) Diluted earning per equity share (Rs.)
2007-08 248547 6751 255298
2006-07 175671 5222 180893
191305 15354 13742 1226 2116 31555 9821 21734 75.59 72.76
135376 12592 10246 930 1700 20049 6019 14030 50.22 48.36
BALANCE SHEET
Rs. million PARTICULARS SOURCES OF FUND: Shareholders fund Loan funds Deferred Tax Liabilities As at 31.3.2008 95551 35840 2443 As at 31.3.2007 57684 20778 2049
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Larsen and Toubro Ltd. TOTAL APPLICATION OF FUNDS: Fixed Assets Tangible assets 35534 920 69223 1830 30 133834 21440 807 31044 1647 99 80511 Intangible assets Investments Deferred Tax Assets Deferred Revenue Items TOTAL 133834 80511
SALES
Rs. Billion SALES (IN YEARS) 2005-06 2006-07 2007-08 AMOUNT 150 179 252
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300 250 200 150 100 50 0 2005-06 2006-07
2007-08
AMOUNT
ORDER INFLOW
Rs. Billion ORDER INFLOW 2005-06 2006-07 2007-08 AMOUNT 224 306 420
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500 400 300 200 100 0
2 0 0 7 -0 8 2 0 0 6 -0 7 2 0 0 5 -0 6
AM OUNT
COMPETITION
Firms Last Price Mkt. Cap. (Rs. Cr.) Reliance Larsen Grasim 1,124.00 805.65 1,039.85 Sales Tur nove 19,458.00 2,173.42 2,232.60 117,928.28 13,139.07 11,342.58 Net Profit Total Assets
r 176,893.72 133,443.00 47,115.34 24,854.70 9,532.74 10,278.09
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Larsen and Toubro Ltd. Sintex India Voltas Century 3M India Nava Bharat Ven Kesoram Prakash Ind 191.10 69.35 184.50 925.00 104.40 120.05 45.00 2,608.43 2,294.69 1,716.69 1,042.02 813.33 549.15 519.63 1,655.70 3,044.54 3,442.61 610.56 925.34 2,985.09 1,253.56 216.33 208.37 307.09 67.68 314.84 383.35 201.77 3,048.58 585.98 2,720.68 290.31 1,202.63 2,074.27 1,307.04
ACCOUNTING RATIO
Mar ' 08 Per share ratios Adjusted EPS (Rs) Adjusted cash EPS (Rs) Reported EPS (Rs) Reported cash EPS (Rs) Dividend per share Operating profit per share (Rs) Book value (excl rev res) per share (Rs) 69.13 76.37 74.35 81.59 17.00 110.81 325.87 Mar ' 07 49.36 55.01 49.53 55.18 13.00 71.77 202.3 Mar ' 06 59.8 67.59 73.67 81.47 22.00 92.92 334.01 Mar ' 05 44.01 50.75 75.72 82.46 27.50 77.83 253.87 Mar ' 04 38.58 45.37 42.82 49.62 80.00 58.92 216.73
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Book value (incl rev res) per share (Rs.) Net operating income per share (Rs) Free reserves per share (Rs) Profitability ratios Operating margin (%) Gross profit margin (%) Net profit margin (%) Adjusted cash margin (%) Adjusted return on net worth (%) Reported return on net worth (%) Return on long term funds (%) Leverage ratios Long term debt / Equity Total debt/equity Owners fund as % of total source Fixed assets turnover ratio Liquidity ratios Current ratio Current ratio (inc. st loans) Quick ratio Inventory turnover ratio Payout ratios Dividend payout ratio (net profit) Dividend payout ratio (cash profit) Earning retention ratio Cash earnings retention ratio Coverage ratios Adjusted cash flow time total debt Financial charges coverage ratio Fin. charges cov.ratio (post tax) Component ratios Material cost component (% earnings) Selling cost Component Exports as percent of total sales 1.61 7.41 5.75 1.33 7.52 5.72 1.57 5.03 4.48 2.82 4.43 4.82 2.35 3.93 3.26 26.29 23.96 71.72 74.40 30.04 26.97 69.85 72.95 34.05 30.79 58.05 62.89 41.32 37.95 28.89 38.33 42.15 36.38 53.21 60.22 1.18 1.09 0.86 6.00 1.26 1.16 0.93 6.11 1.36 1.28 1.03 6.95 1.54 1.34 1.12 5.92 1.43 1.20 1.03 5.57 0.27 0.37 72.66 6.09 0.24 0.36 73.42 6.21 0.25 0.31 76.03 6.50 0.38 0.55 64.23 6.32 0.30 0.48 67.43 4.77 12.98 12.19 8.54 8.78 21.21 22.81 28.73 11.52 10.61 7.74 8.60 24.39 24.48 32.59 8.63 7.91 6.69 6.14 17.90 22.05 26.15 7.66 7.00 7.33 4.91 17.33 29.82 24.93 7.59 6.72 5.33 5.65 17.79 19.75 27.61 326.76 853.36 319.09 203.29 622.91 197.15 336.15 1,075.58 324.46 256.24 1,015.19 239.90 219.36 775.34 198.64
33.09 1.28 22.67
30.15 1.13 21.36
30.52 1.06 21.50
39.51 1.29 20.22
38.66 1.15 14.18
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Import comp. in raw mat. consumed Long term assets / total Assets Bonus component in equity capital (%) 39.78 0.38 53.71 49.28 0.30 55.44 45.81 0.26 12.40 41.48 0.18 13.12 32.35 0.21 27.41
STRENGTH
Name and fame of the company is enough for speaking on behalf of the strength of the company He is the largest player in the industrial sectors of its kind Market segmentation is of worth 75.2%
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Larsen and Toubro Ltd. Very talented efficient and innovative manpower both from management and engineering fields In market there is no such big competitor to these company which enables perfect competition to it Excellent financial condition of the firm due to which the company has not faced losses during the current recession Market instability is not the threat for such player in market
WEAKNESS
Company is not doing enough marketing and lacks advertising The firm uses some orthodox point of view for carrying out its regular activities and also same in the case for marketing unlike the dlf and Hindustan construction The company is in knowledge of only who are related to corporate sectors directly or indirectly due to lack of advertisement
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OPPORTUNITY
It has the opportunity to develop itself in different parts of the world when many company are facing high recession and crisis, due to its great financial status the company can takeover big projects when other companies reject Company can have many new kind of project as it has the most innovative HR like it has been contracted for a project of tank building and warship building on vast scale for the country recently
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In recession a big player like these has an opportunity to undertake some small profit making firm of its kind to diminish competition and increase the market share and growth Government is launching projects regarding development infrastructure these is a golden opportunity to maximize the growth of the company and serve the nation
THREATS
Economic crisis or say recession period can be threat to companys high profit margin Government policies in future can or government instability is also the reason for threat to the company
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FINDINGS
Firm has great reputations in corporate sectors and good in markets Firm has the finest managerial & Technical manpower with great talent and numerous innovative ideas of quality and quantity The firms ability to handle various projects has been distinctive like nuclear projects and armaments
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Larsen and Toubro Ltd. Company has got a large market segmentation of nearly 74 % without heavy advertisement There is no perfect competition for these firm in market The target of the firms are very high
SUGGESTIONS
Company is the finest of its kind and has the capability of becoming global player for that should must go to reach the Far East, American countries and Europe too In some cases company must go for modern point view of handling regular activities rather than orthodox ones and similarly for marketing
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CONCLUSION
L & Ts vision regarding its product is two decades ahead of other firms. Its extremely efficient manpower and financial department has let it become the greatest industry nationally and highly acclaimed globally. The firm has no perfect competition regarding its ECC division. The most important is that company's main aim is not only make surplus profit but with profit to provide maximum service to the company in any time or position and serve the nation. L & T is the only construction company has the capacity and vast experience of handling such projects like Nuclear Power Plants and armaments. Company also
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Larsen and Toubro Ltd. contributes to the nation by earning foreign exchange. Company serves society providing full employment to the skilled and also unskilled people and brings up their standard of living. I have found out that L & Ts ECC division is not only finest construction company but also finest National company who possesses ability of becoming global ruler.
BIBLIOGRAPHY
WEBSITES www.google.com www.Lntecc.com
BOOKS PREFERED ECC Landmarks (2006-2007). College of Computer and Management Studies, Vadu. 49
Annual Review of L & T (2007-2008)
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Larsen and Toubro Ltd.

INFORMATION OF THE COMPANY

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

HISTORY OF THE COMPANY

AWARDS AND RECOGNIZATIONS

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

SIZE OF THE UNIT

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

ROADS AND BRIDGES

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

PORTS AND HARBOURS

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

INRODUCTION TO THE HR DEPARTMENT

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

UNLOCKING PEOPLE POTENTIAL

College of Computer and Management Studies, Vadu.

College of Computer and Management Studies, Vadu.

College of Computer and Management Studies, Vadu.

SOCIAL CORPORATE RESPONSIBILITY

College of Computer and Management Studies, Vadu.

College of Computer and Management Studies, Vadu.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

AWARDS FOR HR PRACTICES

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

TOWARDS A BRIGHTER TOMMORROW FOR ALL

College of Computer and Management Studies, Vadu.

Larsen and Toubro Ltd.

College of Computer and Management Studies, Vadu.

L&T

L&T