General FAQs
Company Background And Overview
1. Describe Larsen & Toubro Limited as an organisation?

Larsen & Toubro Limited (L&T) is India's largest engineering, procurement and construction (EPC), manufacturing and technology conglomerate with additional interests in, Green Energy, Real Estate, Edutech, Information Technology and other diversified businesses. A strong customer-focused approach and the constant quest for top-class quality have enabled the Company to attain and sustain leadership position over the last eight decades. Many of the engineering projects executed by L&T have set new benchmarks in terms of scale, sophistication and speed.

2.How is the business of L&T Group organised?

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
3.Which are the key verticals of operations?

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 .

Operations And Performance Of L&T
1.How does L&T carry out the business development activities?

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.

2.Give us an overview of the L&T offices?

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.

3.Who are L&T's major competitors?

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:


  • HCC
  • Afcons
  • Tata Projects
  • Shapoorji Pallonji
  • Gammon India
  • Bechtel
  • McDermott
  • Fluor
  • Gensler

Power & Power Equipment

  • BHEL
  • GE India
  • Toshiba
  • JSW Power Systems
  • BGR Energy
  • Doosan India
  • Tata Projects

Oil & gas

  • Tecnicas Reunidas
  • Saipem
  • Petrofac
  • TechnipFMC
  • Maire Tecnimont
  • McDermott
  • KBR
  • JGC


  • Reliance Industries
  • Tata
  • Adani
  • Mazgaon Docks
  • Cochin Shipyard
  • BEL


Heavy Engineering:

  • Villa Bonaldi, Italy
  • ARVOS, Germany
  • ISGEC-Hitachi Zosen, India
  • CFHI, China
  • Walter Tosto, Italy
  • ATB Riva Calzoni, Italy


  • Emerson
  • Cameron
  • Velan
  • Poyam
  • Neway
  • Orion

Construction & Mining machinery:

  • JCB India
  • Caterpillar
  • Hyundai
  • Tata Hitach
  • Volvo
  • Kobelco
  • CNH
  • BEML
  • Escorts
  • HAM-Wirtgen
  • Dynapac
  • Liugong
  • Leeboy

Rubber Processing Machinery :

  • HF
  • Uzer Makina
  • Sino ARP
  • Guilin Rubber Machinery
  • Herbert


IT & Tech Services:

  • Accenture
  • Capgemini
  • TCS
  • Infosys
  • HCL Technologies
  • Wipro
  • Persistent Systems
  • Cyient
  • Tata Elxsi


  • Godrej
  • Shapoorji Pallonji
  • Oberoi
  • Lodha
  • Hiranandani
  • Prestige
  • Shobha
  • Brigade
4.What are L&T's quality processes and metrics?

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.

5.What is the recruitment process in L&T like?

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.

6.What training programs are organized by L&T for its employees?

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.

7.What is the background of the management team of the company?

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

Corporate Governance
1.What is the composition of the board? What are the different committees?

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

2.What are the company's insider trading norms? Does the company have a blackout period?

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.

3.With which International Corporate Governance Standards does the company comply?

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.
Investor Relations
1.On which Stock Exchanges are L&T shares listed?

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.

2.Are L&T's Investor Kit and Investor Presentation available to retail investors?

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:
3.Does L&T participate in broker-sponsored conferences? Are L&T's presentations at such conferences web-cast?

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.

4.Does L&T's management go on non-deal road-shows?

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.

5.Does L&T conduct a quarterly conference call with management to discuss quarterly results? Is this open to the public?

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.

6.What is the dividend payment policy of L&T?

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:

The details of the dividend history is already available on our website at:

7.Who are the custodian and depository for the GDR program?

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

Citibank, N.A.
388 Greenwich Street,
New York, New York 10013,

8Whom can the investors contact, with respect to their questions or requests?

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.: