L&T construction secondary data, on how L&Tn is a pioneer in construction upgrading India.

1. CASE
STUDY:
L T: AN INDIAN
CONGLOMERATE,WHO’S
CONTRACTING INDIA
BY: AMAN KUMAR GUPTA
DEEPANHU BHATIA
DIPTHARTHA DEY
KARAN BHARDWAJ
PARTYUSH SINGH SENGAR

2. ACKNOWLEDGEME
NT:
DESK research or Secondary research involves the summary, collation and/or synthesis of
existing research. Secondary research is contrasted with primary research in that primary
research involves the generation of data, whereas secondary research uses primary research
sources as a source of data for analysis. A notable marker of primary research is the inclusion
of a "methods" section, where the authors describe how the data was generated. secondary
research uses the primary research of others typically in the form of research publications and
reports.
In a market research context, secondary research is taken to include the reuse, by a second
party, of any data collected by a first party, such as telephone interviews or surveys. Common
examples of secondary research include textbooks, encyclopedias, news articles, review
articles, and meta analyses

3. CONTENT THROUGH RESEARCH:
-The tagline “HUM KARTE HAI WO NIRMAN ,JO BHADATA HAI BHARAT KI SHAN”itself
justified the achievement of the conglomerate L&T in terms of infrastructure development of
our country . In this case study we had research about best practices of L&T till date .
-The project duration , expenses of project, employment generation, contribution in economy
and impact of these project on society were major concern through these secondary
research.
-Whenever there is the need of the government to construct a new infrastructure within the
country , L&T fulfilled their requirement with minimum expenses with world class facility.

4. CONT.
• Almost 70 % of government tender of development and constructing goes to L&T ,because of
their success rate and past record.
• Highly developed technology ,range and variety of equipment and machinery, Excellent
engineer and top management quality , makes L&T THE king of the constructing business.
L&T had constructed various metro project, airport, stadium, highway, power plant, statue
,navel ship, patrolling ship, defense system for military . We had research
every project deeply through secondary research data available around us.

5. HISTORY OF
COMPANY:• L&T was founded in Bombay (Mumbai) in the year 1938 by two Danish engineers, Henning
Holck-Larsen and Soren Kristian Toubro. Both of them were much strongly committed to
developing India's engineering capabilities to meet the demands of the industry.
• Their first office in Mumbai (Bombay) was so small and tiny that only one of the partners
could use the office at a time. In the early years, the two friends represented Danish
manufacturers of dairy equipment for a modest retainer.
• But with the start of the Second World War in the year 1939, imports were restricted,
compelling them to start a small work-shop to undertake jobs and provide service facilities.
Germany's invasion of Denmark in the year 1940 stopped supplies of Danish products.
• This crisis forced the partners to stand on their own feet and innovate. They started
manufacturing dairy equipment indigenously.

6. CONT.
• These products proved to be very much successful, and L&T came to
be recognized as a reliable fabricator with high standards.
• The war at that time needed to repair and refit ships, offered L&T an
opportunity, and led to the formation of a new company, Hilda Ltd,
which handled these operations.
• L&T also started two repair and fabrication shops - the Company
had begun to expand. Again, the sudden internment of German
engineers due to the war that were to put up a soda ash plant for
the Tata's, gave L&T a chance to enter the field of installation and
an area where their capability became well respected.

7. JOURNEY OF L T:
-In the year 1944, ECC was incorporated and around then L&T decided to build a portfolio of
foreign collaborations. By the year 1945, the Company represented most of the British
manufacturers of equipment who manufacture products such as hydrogenated oils, biscuits,
soaps and glass.
-In the year 1945, L&T had signed an agreement with Caterpillar Tractor Company, USA, for
marketing earth-moving equipment. At the end of the war, large numbers of war-surplus like
the Caterpillar equipment were available at attractive prices, but the finances required were
beyond the capacity of the partners.

8. CONT.
• This mainly prompted them to raise additional equity capital, and on 7th February 1946,
Larsen & Toubro Private Limited was born. Independence and also the subsequent demand
for technology and expertise offered L&T the opportunity to consolidate and expand.
• Offices were set up in Kolkata (Calcutta), Chennai (Madras) and New Delhi. In the year 1948,
fifty-five acres of undeveloped marsh and jungle was acquired in Powai. Today, Powai stands
as a tribute to the vision of the men who transformed this uninhabitable swamp into a
manufacturing landmark.

9. PUBLIC LIMITED
COMPANY:-In December in the year 1950, L&T had become a Public Company with a paid-up capital of
Rs.2 million. The sales turnover in that year was Rs.10.9 million and also prestigious orders
were executed by the Company.
-During this period included the setting up of Amul Dairy at Anand and Blast Furnaces at
Rourkela Steel Plant. With the successful completion of such jobs, L&T emerged as the largest
erection contractor in the country.
-In 1956, a major part of the company's Bombay office moved to ICI House in Ballard Estate. A
decade later this imposing grey-stone building was purchased by L&T, and renamed as L&T
House - its Corporate Office.
-The sixties period saw a significant change at L&T - S. K. Toubro retired fromactive
management in 1962. The sixties were also a decade of rapid growth for the company, and
witnessed the formation of many new ventures: UTMAL (set up in 1960), Audco India Limited
(1961), Eutectic Welding Alloys (1962) and TENGL (1963).

10. EXPANDING AROUND:
-By the year 1964, L&T had widened its capabilities to include some of the best technologies in the world. In the
decade that followed, the company grew rapidly, and by 1973 had become one of the Top-25 Indian companies.In
the year 1976,Holck-Larsenwas awarded the Magsaysay Awardfor InternationalUnderstanding in recognitionof
his contribution to India's industrial development.
-He had retired as Chairman in the year 1978. In the decades that followed, the company grew into an
engineering major under the guidance of leaders like N. M. Desai, S.R. Subramanian, U. V.Rao, S. D. Kulkarni and
A. M.Naik.
-Today, L&T is one of India's biggest and best known industrial organizations which has a good reputation for
technological excellence, high quality products and services, and strong customer orientation. It is also taking
steps to growits international presence.For an institution that has grownto legendary proportions, there cannot
and must not be an 'end'. Unlike other stories,the L&T saga continues.

11. CONT
-L&T's design & engineering capabilities in manufacturing had enabled itself to set new
benchmarks in terms of scale, sophistication and speed. The Company has dedicated
engineering centers at the manufacturing locations.
-Two 'Technology Development Centers' have been set up to develop new products and
manufacturing technologies. L&T also collaborates with other organizations like ISRO to
bolster its capabilities in the strategic sectors of aerospace, defense and nuclear power.

12. IMPORTANT STATS OF L
T
:
 Founded in 7th February 1938.
 Founded by Henning holock-Larsen and Soren Tristain Turbo.
 Headquarter at L&T House , Ballard Estate, Mumbai,MH.
 Group Chairmen -M.R. A.M. Naik, MD &CEO-M.R. S.N.Subramaniyan.
 Product-Construction, Heavy Engineering, Itservices,finance etc.
 Revenue- ru. 16,141,007 crore(US$200billion 2019).
 Operating Income- ru. 16,325 crore(US$2.4 billion 2019).
 Net income- ru. 8,905crore (US$1.3 billion 2109).
 Total Assets- ru. 279,134 crore (US$40 billion).
 Total no of employee- 44,332( Approx.1,60,000 on contract basic).

13. Some best practi ces:
1.Statue of unity: 2. Delhi Airport: 3.Wankede stadium:
4.Hydrabad metro project 5.Panipat elevatedcorridor 6.Khargoan Power Project:

14. Source of information:
 Encyclopedia
 Indiamirror.com
 Moneycontrol.com
 Larsenturbo.com
 Interview of employee
 Newspaper
 Article