The Company's businesses are spread thematically under five groups, along with an overarching umbrella of sustainability that runs through them all.

• Construction

  • Buildings & Factories
  • Transportation Infra
  • Heavy Civil Infra
  • Power Transmission & Distribution
  • Water & Effluent Treatment
  • Metallurgical & Material Handling
  • Smart World & Communications

• EPC Projects

  • Hydrocarbon
  • Power Plants and Equipment

• Manufacturing

  • Heavy Engineering
  • Construction, Mining and Industrial Machinery
  • Electrical & Automation (Classified as discontinued operations)

• Defence

  • Defence & Aerospace
  • Defence Shipbuilding

• Miscellaneous/Others:

  • Real Estate
  • Green Energy
  • Edutech
  • Sufin

In the engineering & construction business, L&T operates in key verticals including hydrocarbon, infrastructure, power, minerals, defence, nuclear power and aerospace, water and civil structures.

The Machinery & Industrial Products business manufactures and markets machinery for the construction & mining industry, rubber processing machinery and valves.

LTI (erstwhile Larsen & Toubro Infotech Limited) a publicly-listed Group Company, along with the recent L&T acquisition, Mindtree, offers a wide range of IT solutions and technology and consulting services in verticals ranging from manufacturing to transportation and travel. L&T Technology Services, another publicly-listed Group Company is a leading global ER&D services company that offers design and development services. to clients across the product development value chain. L&T-NxT, is a business borne out of the vision to make L&T a more asset-light, technology oriented organization. It works with cutting-edge digital technologies to solve complex business challenges in the areas of IT-OT convergence.

L&T Realty has set the gold standard in the realty business, with a reputation for transparency and customer connect in the execution of large residential, mixed-use and transit-oriented developments. L&T Financial Services is a leading, diversified NBFC that delivers solutions from microloans to infrastructure funding, and everything in between.

L&T Infrastructure Development Projects Limited (LTIDPL), works and promotes / invests in Public Private Partnerships (PPPs) for various infrastructure projects. The Company is in the business of identifying & developing infrastructure projects, operation and maintenance of these projects and providing related advisory services .

Besides having offices and employing a direct sales force, L&T has developed a strong network of agents across the globe to effectively carry out the business development related activities. The company regularly participates in various international seminars, and industry conventions, which enables L&T to showcase its technical capabilities and core strengths along with leveraging client references.

L&T's registered office is located in South Mumbai. It has a strong foothold in the domestic market through area offices and a branch network. In addition to a strong domestic presence, L&T has a global presence in more than 50 countries.

L&T has key manufacturing facilities at 19 locations in India which include Mumbai, Hazira, Vadodara, Pithampur, Chennai, Mysore, Bangalore, Coimbatore.

Manufacturing processes of standard products are highly automated. Manufacturing centers in India have amenities like canteen, a medical dispensary as well as recreation facilities. L&T offices are generally landscaped, open campuses that provide a "cocoon of excellence" in which L&T employees can concentrate on providing world-class services for demanding clients in developed markets.

L&T faces both domestic & international competition under various segments in which it operates. The competitors vary from segment to segment.

L&T's major competitors in a few of its key businesses include:

A majority of L&T's processes are ISO certified and comparable with the best in the world.

The company has an on-time/on-budget project completion rate higher than the average for its industry, which translates to highly predictable construction & engineering services delivery for its clients.

L&T's employment policies and systems radiate from a single principle - belief in people. People are our most valued asset - our core strength. Employees gain a level of freedom that provides security, satisfaction and, most importantly, a sense of professional fulfillment.

As per L&T's recruitment policy, Fresh Engineering Graduates, Post Graduates & Diploma Holders are selected at corporate levels through campus interviews and/or through advertisements only during specific periods. L&T visits a set of premier engineering colleges and management schools campuses each year for recruitment. The company also does active lateral recruitment through various reputed HR agencies and Internal referral programs.

Fresh engineers are taken as 'Graduate Engineer Trainees' (GETs) for a probation period of 1 year during which they go through rigorous on-site training. Training program usually focuses on generic principles of engineering and construction, quality processes and imparts training in specific contemporary technologies.

In addition to specific training programs for engineers, there are several other training programs across various functional areas such as finance, strategy, leadership, marketing along with soft skills programs, etc.

Detailed management biographies can be found in the Company's Annual Reports. In summary, majority of the senior management team are qualified from some of the premier engineering, accountancy and/or management institutes in India. The profiles of the Board of Directors are available on our website at https://www.larsentoubro.com/corporate/about-lt-group/leadership/.

The L&T Board comprises a Group Chairman and Managing Director, Whole-time Directors and independent External Directors. The External Directors are respected professionals in the area of business, strategy, finance, law and public policy.

The Board has five committees - Audit Committee, Nomination & Remuneration Committee, Stakeholders’ Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee. These committees meet regularly and Annual Report to shareholders contain reports on their functioning during the year

L&T's insider trading guidelines are on par with the best corporations in the world. All designated employees are required to comply with these guidelines and need to get the approval of the Compliance Officer before trading in the Company's securities beyond prescribed limits. Employees of the company are forbidden from dealing in the Company's securities from the first day after the end of the quarter till the end of 2 (two) days after the Board meeting for adoption of quarterly / annual financial statements.

L&T substantially complies with the following Corporate Governance Standards:

• Recommendations of the US SEC's Blue Ribbon committee on Corporate Governance.
• Euroshareholders Corporate Governance Guidelines 2000.
• Generally accepted Corporate Governance Guidelines of Australia, Canada, France, Germany, Japan and the United Kingdom
• United Nations Global Compact Programme.

L&T shares are listed on both the leading Stock Exchanges in India viz. BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). L&T Global Depository Receipts (GDR) are listed on Luxembourg Stock Exchange and admitted for trading on London Stock Exchange.

L&T believes in treating all investors alike. Investor kit and investor presentations are available on the web site. For the latest Investor presentation click on the link below:

L&T regularly participates at broker-sponsored conferences. The presentations, if any, made during such conferences are posted on the website, especially where material discussions of the company's performance take place.

L&T's management occasionally goes on non-deal road shows. Presentations, if any, used at such road-shows are posted on the website too.

L&T conducts a quarterly conference call or organises an analyst meet after announcing each quarter's results where the equity research analysts participate. Transcripts of the conference call are available on this website for the benefit of the general public.

The boards of directors review the dividend policy periodically. L&T pays a dividend because the Company's investors in India and abroad view this as an important market signal of the management's confidence in the future. The Dividend Distribution Policy is available on our website at: https://www.larsentoubro.com/corporate/about-lt-group/corporate-policies/

The details of the dividend history is already available on our website at: https://investors.larsentoubro.com/StockInformation.aspx

CUSTODIAN
Citibank, N.A. 81 Worli,
Dr. Annie Besant Road,
Mumbai 400 018, India.

DEPOSITORY
Citibank, N.A.
388 Greenwich Street,
New York, New York 10013,
U.S.A.

For all Investors'/Deposits related queries:
Larsen & Toubro Limited,
L&T House, Ballard Estate,
Mumbai 400 001.
Tel :+91 22 67525784 / 611
Fax : +91 22 67525893

To enable investors, across the country and abroad, to register their complaints through a single centralised exclusive e-mail ID, the Company has designated a new e-mail ID, viz.: igrc@Larsentoubro.com