Larsen and Toubro

1946
 
 - On 7th February, the Company was incorporated.  Larsen & Toubro
 carries on business as civil mechanical electrical chemical &
 Agricultural engineers as manufacturers as importers & exporters &
 as
 contractors.  The Company represents a large number of overseas
 manufactures, notably manufacturers of tractors, agricultural
 machinery, dairy machinery, film cooling towers and general
 industrial
 and engineering plants and coal mining machinery.  
 
 1969
 
 - With effect from 1st Oct., Alu Capsules Ltd & India, Crown Cork,
 Co.
 Ltd, both wholly owned subsidiaries were amalgamated with the
 company.
 And a new division was formed like Bottle Closure Division.
 
 1975
 
 - During the year, the company commissioned a plant at Bangalore for
 the manufacture of multipurpose hydraulic excavators and high
 pressure
 hydraulic system in collaboration with Poclain, S.A. France.
 
 1977
 
 - During the year Faridabad Factory become operative and commenced
 the
 manufacture of switchboards.
 
 1979
 
 - With effect from 1st April, Wilcox Buckwell India, Ltd another
 subsidiary, was merged with the company.
 
 1981
 
 - Utkal Machinery Ltd was amalgamated with the company with effect
 from
 1st April.
 
 - During the year, the company signed an agreement with Hong kong
 ship-owners for the purchase of two bulk carriers of 27,000 DWT
 capacity each built in Japan at a contractual price of U.S $ 18.3
 million each.
 
 - During the year company made a right issue of 13.5% convertible
 debentures of Rs.100 each for Rs.6 crores.
  
 1982
 
 - The Company's subsidiary Engineering Construction Corporation, Ltd
 was merged with the company with effect from 1st Oct.
 
 1983
 
 - During the year, the company established a cement plant with an
 installed capacity 1 million tonnes per annum in Chandrapur district
 in
 Maharashtra and commenced commercial production of cement.
 
 1984
 
 - During the year, the company signed collaboration agreement with
 Y.E
 Data, Japan for floppy disc drives, with honeywell information
 systems,
 India for dot matrix printers and with Jeumont Schneider, France for
 electronic PABX.  Another collaboration agreement was signed with
 potain Poclain Material, France for manufacture of mobile cranes at
 Kansbahal works.  The company also signed collaboration agreement
 with
 Oesterreichische Doka Schalungs-und Geruestungstechnik GmbH, Austria
 for farmwork systems used in the construction industry.
 
 - During the year, the company issued 55,00,000 -15% non convertible
 debentures of Rs.100 each for an aggregate amount of Rs.55 crores.
 
 1985
 
 - During the year, the Company manufactured and delivered two-end
 shields for Kakrapara Atomic Power Project.
 
 1986
 
 - During the year, the company commissioned a new factory in Hebbal
 Industrial Estate near Mysore in Karnataka for the manufacture of
 computer peripherals such as dot matrix printers and floppy disc
 drives.
 
 1987
 
 - During, the company diversified into the field of 400 KV
 transmission
 lines.
 
 1988
 
 - During the year company entered into collaboration agreements with
 Sundstrand Sauer, USA for the manufacture of axial piston units,
 with
 case vibromax, W. Germany for manufacture of vibratory compactors
 and
 with JI Case, USA, for the manufacture of wheel loaders.  Also a
 memorandum of understanding was signed between the company and Colas
 S.A of France for setting up a joint venture company for production
 of
 asphalt emulsion.
 
 1989
 
 - A new project was commissioned at Mysore in Karnataka for the
 manufacture of medical electronics products.  During the year the
 Company received industrial licences for the manufacture of ship
 auxiliaries and components of mechanised sailing vessels and rail
 track
 laying, track maintenance and renewal equipment.
 
 - During the year the company entered into a technical collaboration
 agreement with MPSI of USA for the manufacture of ring hammer mills
 and
 rotary breakers required for sizing of coal.
 
 - During the year company issued 30,000 - 13.5% debentures of
 Rs.1000
 each to financial institutions with an option for conversion into
 equity shares of the company.
 
 - During March-April, the company issued 63,78,750-12.5% FCDs of 125
 each of which 60,75,000 debentures were issued as rights to the
 equity
 shareholders and 3,03,750 debentures to the employees on equitable
 basis.
 
 - During September, the company issued 275,63,215, 12.5% FCD of
 aggregate value of Rs.820 crores.
 
 1990
 
 - During, the company entered into an agreement to take over the
 tractor unit of Kirloskar Pneumatic Co. Ltd.
 
 - During the year company completed construction of 200 flats for
 Sai
 Central Trust, Puttaparthy.  The company also commissioned a sponge
 iron plant of 8,80,000 tonnes per annum capacity for Essar Steel at
 Hazira.
 
 - During the year following foreign collaboration agreements were
 entered into 1. With mannesmann Anlagenbau, Germany to bring in the
 latest technology in ash handling at coal-based thermal power
 plants,
 2. With AFE Displays Ltd., UK for supervisory colour graphics
 controller, 3. With Western Digital Corporation, USA., for hard disk
 drives and 4. With Y-E Data Inc., Japan for 3.5'' floppy disk
 drives.
 
 1991
 
 - During the year a major contract was signed for augmentation of
 the
 Trisuli Hydro Power Project in Nepal.
 
 1992
 
 - A carbonate condenser for IFFCO, Kalol was manufactured to Stami
 Carbon Process for the first time with the stringent requirements of
 ultrasonic testing for each tube-to-tube sheet joint.  The company
 also
 developed ethylene oxide reactor for SM Dyechem.
 
 - During the year Co. developed public switching system with a
 capacity
 upto 10,000 lines and 2GH2 microwave transmission equipment of 30-
 channel and 120 -channel capacity and they were installed for field
 evaluation by the Department of Telecommunications.
 
 1993
 
 - L&T - Gould Ltd. was amalgamated with the Company effective from
 1st
 January.  During the year a new model 90 CK -111 was launched.  A
 methanol cometics for Deepak Fertilizers and test separation for
 ONGC
 platform were delivered. A pair of endshields was also fabricated
 and
 supplied for the 235 MW Karga Atomic power project.  Also the
 company
 commissioned the Max-L telephone exchange of 2000 lines extendible
 upto
 1,10,000 lines at Chittorgarh, Rajasthan.
 
 - During the year, EWAC Alloys Ltd., on issuing further shares to
 collaborators and increasing their holdings to 50% ceased to be a
 subsidiary of the company.
 
 1994
 
 - During November, the company offered 80,83,832 GDR shares at a
 issue
 price of US $ 8.35 per GDR representing shares 161,67,664 equity
 shares
 at a price equivalent to 262 (at an exchange rate of Rs.31.37=US $
 1.).
 All the GDR were fully subscribed.  The Company along with Energy
 Alternatives Inc., U.S.A signed a MOU with SAIL for promoting &
 developing 2 x 250 MW Coal based power plant at Bhilai in M.P.
 
 - During the year, the company along with Energy alternative Inc.  U
 S
 A., signed a MOU with SAIL for promoting & developing 2 x 250 MW
 Coal
 based power plant at Bhilani in MP. Also the company tied up with
 Sargent & Lundy U S A., to offer EPC service for thermal power
 projects
 and also to form a joint venture engineering company.  This joint
 venture would offer engineering services to power projects in India
 and
 abroad.
 
 1995
 
 - During the year an international scale glass container plant
 employing the state-of-the art technology was being set up in
 technical
 collaboration with Vetropack, Switzerland.  During the same year,
 the
 company signed of memorandum of intent with Samsung Electronics Co.
 Ltd. of South Korea to form a joint venture for the manufacture and
 marketing of a vide spectrum of telecom products including large
 switches, transmission products, paging systems and PABX.  Also
 signed
 an MoU with Orissa govt.  for setting up a integrated steel plant at
 Gopulpur.
 
 - During the year a new cement plant at Kovaya in Gujarat with
 annual
 capacity of 15 lakh tonnes was commissioned.
 
 1996
 
 - During the year, the Company has two subsidiary companies namely,
 L&T-McNeil Limited and L & T Finance Limited, and seven associate
 companies namely, Audco India Limited, Ewac Alloys Limited, Tractor
 Engineers Limited, L&T- Niro Limited, L&T-Chiyoda Limited,
 L&T-Sargent
 & Lundy Limited and Larsen & Toubro (Oman).
 
 1997
 
 - The Company is also putting up captive power plants at Awarpur and
 Gujarat so as to ensure continuous availability of equity power at
 reasonable cost.
 
 - The Larsen and Toubro (L&T) Employees Association has launched an
 indefinite strike from January 21 protesting against the alleged
 harassment and victimisation of workers by the management, even as
 the
 management termed the strike illegal and contended that it had only
 initiated disciplinary action against some employees for misconduct
 and
 non-performance.
 
 - L&T-McNeil Limited, a subsidiary of Larsen & Toubro Limited, has
 been
 awarded the All India Special Shield for 1995-96 in the category of
 non-SSI New Product Exporters by the Engineering Export Promotion
 Council.
 
 - Larsen & Toubro (L&T) has won the Golden Peacock National Quality
 Award 1996 and for the year 1997 instituted by the Institute of
 Directors (IOD), New Delhi.
 
 
 - The private sector giant Larsen and Toubro (L&T) will introduce
 300
 varieties of computerised ready mix concrete for the first time in
 the
 country so as to develop a new concept in the building industry.
 
 - The Engineering and Construction conglomerate, Larsen & Toubro
 Limited (L&T), has been selected by Indian Institute of Bridge
 Engineers to receive the Most Outstanding Bridge National Award -
 1996.
 The company has built 460-metre long flyover bridge at Evarard
 Nagar,
 Wadala, Mumbai, which has been chosen for the award for its
 excellent
 aesthetics and blending with the environment.
 
 - The equity shares of Larsen & Toubro Ltd., Dabur India Ltd., Great
 Eastern Shipping Company Ltd., Jindal Vijayanagar Steel Ltd. and
 Jindal
 Iron & Steel Ltd have been admitted for dematerialisation. 
 
 - Larsen & Toubro Limited (L & T) has been marketing the world class
 range of fax machines from Canon in India.  It has added a
 high-quality
 laser plain-paper fax machine, model L300, to the existing range.
 
 - Engineering major Larsen & Toubro has been awarded the 115 MW ISO
 capacity captive power project of Haldia Petrochemicals in West
 Bengal
 as an independent power producer.
 
 - Larsen & Toubro Ltd (L&T) has entered into a 50:50 joint-venture
 with
 Komatsu, Japan, to manufacture hydraulic excavators and components.
 
 - L&T has received a letter of award for setting up a combined cycle
 co-generation power plant for Haldia Petrochemicals Ltd (HPL) on a
 build-own-operate basis.
 
 - Under a memorandum of agreement signed between Larsen and Toubro
 Ltd
 and Japan's Komatsu Ltd, the two engineering companies have decided
 to
 form an alliance in the construction equipment business in India and
 its neighbouring countries.
 
 - Larsen and Toubro Limited (L&T) has been awarded a railway
 electrification contract for the Vallathol Nagar Ernakulam section
 in
 Kerala.
 
 1998
 
 - The joint venture has been set up for the manufacture of
 earthmoving
 equipment and has a paid-up share capital.  Both L&T and Komatsu are
 chipping in with 50 per cent each of the equity base.
 
 - Diversified industrial giant, Larsen and Toubro (L&T) has entered
 into a joint venture with Dear and Co., a leading international
 agricultural machines company, to manufacture tractors.
 
 - Larsen & Toubro Ltd (L&T) has bagged two national awards for
 excellence in construction from the Association of Consulting Civil
 Engineers (ACCE) for 1998.  The ACCE-Sarvamangala Award was given in
 recognition of the work done by L&T in constructing the Sree
 Kanteerava
 Indoor Stadium in Bangalore, while the ACCE-Billimoria Award in the
 high-rise buildings category was given for the international
 technopark, also in Bangalore.
 
 - Larsen and Toubro Ltd (L&T) has been conferred the Indian Chemical
 Manufacturers Association (Icma) award for excellence in chemical
 plant
 design and engineering for 1997.
 
 1999
 
 - Engineering major Larsen & Toubro has bagged the EPC contract for
 the
 Rs 135 crore captive power plant being set up by Usha Martin
 Industries, currently known as Usha Beltron, of the Jhawars.
 
 - The promoters of HPL Cogeneration, a joint venture between Larsen
 &
 Toubro (L&T) and Haldia Petrochemicals Ltd (HPL), have converted
 their
 loans into equity shares.  As a result of the conversion, which was
 done at a part value of Rs 10 per share, the company's equity
 capital
 has jumped from Rs 5 crore to Rs 122 crore.
 
 2000
 
 - Cement giants Larsen & Tubro (L&T) and Gujarat Ambuja Cements have
 entered a unique agreement to reduce transportation costs in
 despatching bulk cement in Gujarat.
 
 - Crisil has assigned the highest safety rating to engineering and
 construction major the company's Rs 100 crore debenture issue.
 
 - The Company its Nashik Glass Work, an accidental leakage of molten
 glass from furnace took place on 12th March.
 
 - Larsen and Toubro announced a strategic partnership with SAP
 India.
 
 - The Company is to set up a wholly-owned subsidiary -- `L&T Capital
 Company Ltd' -- to focus on business opportunities in the capital
 market.
 
 - L&T has formed a new company, L&T Equipment Leasing Co. Ltd., to
 which will be transferred the construction equipment owned by
 ECC-operating division.
 
 - L&T Information Technology Ltd., a wholly-owned subsidiary of
 Larsen
 and Toubro Ltd., has been awarded the National Export Award for
 1998-99.
 
 - Larsen and Toubro (L&T) has floated a 26:74 joint venture with
 Japanese major Sharp Corporation which will absorb the company's
 existing distribution business of electronics office equipment.
 
 - The Company is offering a 5-year NCD issue at 11.25 per cent to
 mop
 up Rs 50 crore with a green-shoe of Rs 25 crore.
 
 - L&T has launched its slag cement under the brand name S-53 in
 Bellary
 district of Karnataka and a few districts in Andhra Pradesh.
 
 - The Company has extended its employees stock option plan to cover
 500
 employees all in the senior management cadre.
 
 - Larsen & Toubro's construction division has been awarded a
 contract
 for building two stadia in Quatar.
 
 - Larsen and Toubro launched the second phase of HITEC city.
  
 - The Company will increase its cement capacity by 2 million tonne
 to
 16 million tonne, facilitated by a one million tonne grinding unit
 in
 West Bengal.
 
 - The Company will set up a private market for its engineering,
 procurement and construction business.
 
 - The Company, India's largest cement producer with an installed
 capacity of over 14 million tonne, is setting up a 1mt grinding unit
 at
 Durgapur in West Bengal.
 
 - The Company will hive off its cement business by March.
  
 - Larsen & Toubro has appointed investment bankers J P Morgan and
 DSP
 Merill Lynch to advise them on the proposed demerger of its cement
 division.
 
 - The Company has appointed Vijay Kumar Magapu as a successor to
 Achyut
 S Godbole, the outgoing CEO of its IT arm L&T Information
 Technology.
 
 - Sharp Business Systems (India) Ltd. the joint venture between
 Sharp
 Corporation and Larsen & Toubro, has launched its inkjet printers in
 India.
 
 - Larsen & Toubro is set to replace the Associated Cement Companies
 in
 setting up a one million tonne grinding unit in Jindal Vijaynagar
 Steel
 complex.
 
 - The Company and Gas Authority of India have agreed to collaborate
 in
 research and development, new technologies, liquefied gas plants and
 terminals, pipelines, petro-chemicals, power and telcommunications
 areas.
 
 - Larsen & Toubro has commissioned its new cement plant at Arakkonam
 in
 Tamil Nadu on December 13.
 
 - Engineering major Larsen & Toubro and German firm Demang Ergotech
 will form a 50:50 joint venture company to make injection moulding
 machines at the former's manufacturing facility in Chennai.
 
 2001
 
 - The Company has informed BSE that the company has entered into a
 joint venture with Demag Ergotech of Germany.
 
 - Larsen & Toubro has formed a separate company L&T EMSYS (L&T
 Embedded
 Systems) for embedded software development.
 
 - The Company commissioned its cement grinding plant of 1 million
 tonne
 capacity at Arakkonam in Tamil Nadu in December 2000.
 
 - L&T-DEMAG Plastics Machinery Pvt. Ltd. hte new joint venture
 between
 Larsen & Toubro Ltd and Demag Ergotech of Germany, has commenced
 operations.
 
 - L&T Information Technology Ltd a subsidiary of Larsen & Turbro
 Ltd,
 and Sun Microsystems Pvt. Ltd. have signed a memorandum of
 understanding to jointly offer e-business solutions to their
 customers.
 
 - L&T Information Technology, a fully-owned subsidiary of Indian's
 leading engineering company Larsen and Turbo, may set up a software
 development center in Orissa's capital. 
 
 - The National Highways Authority of India (NHAI) has signed two
 contracts with Larsen & Toubro for the construction of two major
 bridges on Vijayawada-Visakhapatnam section of NH 5 in Andhra
 Pradesh.
 
 - Larsen & Toubro has successfully closed an 4-million syndicated
 term-loan facility. The initial borrower is L&T, but the loan would
 get
 transferred to the cement company as and when the demerger of its
 cement business was completed,
 
 - Larsen & Toubro Ltd (L&T) has bagged the Rs 121.5-crore contract
 to
 construct a 36.89-km stretch of the National Highway Four between
 Kanchipuram and Walajahpet along the Chennai-Bangalore highway.
 
 - Larsen & Toubro Ltd (L&T) has introduced its third voluntary
 retirement scheme (VRS) for unionised employees, applicable
 specifically to those below the managerial level.  Staff costs for
 the
 just concluded fiscal stood at Rs 587.95 crore for the company.
 
 - The joint venture between Larsen & Toubro and Joannou &
 Paraskevaides
 (Overseas) Ltd of Cyprus has bagged the six-lane highway project
 between Jaipur and Kishangarh on NH-8 in Rajasthan which is
 estimated
 to cost around Rs 673 crore.
 
 2002
 
 -Buys over the shareholding of Caterpillar, USA, in  its joint
 venture Tractor Engineers Ltd. (TENGL), makes it wholly owned
 subsidiary
 
 -Submits end shield to National Power Corporation of India Ltd.
 (NPCIL) for the first time in the country
 
 -Gets `European Standard CEM I 42.5R' accreditation for its Gujarat
 cement works
 
 -Financial Institutions stake increases in L&T to 37%
 
 -Grasim Industries and Larsen & Toubro together set up a task force
 for logistics, promotion and procurement of raw materials
 
 -Steps into Chinese market with medical equipment business
 
 -Exits from its internet trading business
 
 -Receives clearance from the Tamil Nadu govt. for its revised toll
 proposal for the Coimbatore bypass project
 
 -Gets Rs 37.53 cr contract from Northern Railway
 
 -Grasim Industries hikes its holding further in Larsen & Toubro (L&T)
 to 13 per cent
 
 -Mops up 3-month money at 6.55%
 
 -IL&FS and L&T tie up for joint development of  infrastructure
 projects
 
 -Implements compulsory retirement scheme across all its facilities in
 the country
 
 -Places Rs 50 crore of five-year debentures with ICICI Securities and
 Finance (I-Sec) in a unique deal.The instrument, named rating
 contingent debenture (RCD), is the first of its kind in the Indian
 debt market
 
 -Closes  down the loss-making subsidiary, Narmada Cement's grinding
 unit at Magdalla in Gujarat, citing adverse market conditions
 
 -L&T Infotech opens IBM centre
 
 -Opts for out of court settlement with three advertising agencies
 Prime Displays, Everest and Abiz over the dispute of non-payment of
 Rs 20 crore dues
 
 -Builds Rs 450-cr large hydrogen unit and refinery offsites and
 utilities project for IOC at Barauni
 
 -Receives prestigious contract to build an eight tower
 hotel-cum-residential complex in Dubai's upmarket Sheikh Zayed Road
 
 -Raises Rs 65 crore through 10 year secured bonds
 
 -L&T, Shapoorji Pallonji form joint venture to take up Cyber Tower
 project in Mauritius
 
 -Bags Rs 5810 million turnkey refinery order from IOC
 
 -Grasim Industries hikes stake in L&T to 14.15% from 13%
 
 -Bags two engineering, procurement & construction (EPC) contracts
 from Kuwait National Petroleum Company (KNPC) for revamp of Sulphur
 Recovery units at their refineries at Shuaiba and Mina Abdullah in
 Kuwait
 
 -Bags a contract worth of  million (over Rs 100 crore) from
 Lafarge Surma Cement, Bangladesh, for the construction of a
 17-km-long cross-national belt conveyor
 
 -Wins two large World Bank financed lumpsum turnkey contracts having
 a total order of approx. 0 million form Songas Ltd, Tanzania
 
 -Cyber Towers and Cyber Gateway - L&T Infocity engages
 Singapore-based 0 million Ascendas Pte Ltd to commission a Rs 180
 crore-mega IT complex called 'Cyber Pearl' in Hitech City near
 Hyderabad
 
 -Gets contract for constructing the longest flyover in New Delhi
 
 -Gets award from International Federation for Structural Concrete
 
 -Hiked its capacity to 16.5 million tonnes thus gaining its position
 as the largest cement company in India, overtaking the capacity of
 The Associated Cement Companies (ACC)
 
 -Forges an alliance with Australian firm JV International Pty Ltd to
 set up a project in Pondicherry to manufacture steel door and window
 frames
 
 -LIC increases its stake in the company to 18.5% from 17.42%
 
 -Grasim Industries sends legal notice, challenging Larsen & Toubro's
 attempt to demerge the cement business into a separate company
 
 2003
 
 -Bags .50 million order from Oman India Fertiliser Project
 
 -Bags Indian Oil Contract to Build Panipat PTA Plant
 
 -Wins Rs 2690 million IBRD-funded road project in Karnataka
 
 -Revamps Engineering Division, splits it into four divisions
 (Buildings & Factories, Civil Infrastructure, Industrial Projects &
 Electricals)
 
 -Obtains four licences, issued by the central government, for design,
 manufacture and assembly of warships, submarines and weapon platforms,
 radar and sonar systems and electronic warfare equipment and systems
 sensors, weapon launchers and armaments including missiles and
 rockets. Besides, the company also receives the government’s nod for
 design and development of sophisticated armoured and other combat
 vehicles and bridge-laying systems on tanks
 
 -Ties up m loan with IFC for financial restructuring
 
 -Signs tie-up with Kobe for Hydraulic Tyre Curing Presses
 
 -Becomes the first company in the Asian region to be selected for
 undertaking infrastructure related work in Iraq by the United States
 aid agencies
 
 -L&T ECC completes electrification of Bihar rail project
 
 -Lafarge S.A, the French company, mandates Larsen and Toubro the EPC
 contract for constructing a 1.2 million tonnes per annum cement plant
 in Bangladesh
 
 -L&T and Thames Water (UK) in a 70:30 joint venture, have bagged a
 prestigious contract for The Leakage Reduction Control & Water
 Rehabilitation Work
 
 -Approves plan to demerge its cement business into a separate
 subsidiary and cede management control to Aditya Birla group flagship
 Grasim Industries, ending an eight-month tussle over India’s largest
 cement company
 
 -Enters into an agreement with International Finance Corporation
 (IFC), the private sector arm of World Bank Group, for a long term
 loan of US  million
 
 -Gets contract for curtailment of leakage worth Rs 50 cr from BWSSB
 
 -Increases its stake in its Oman subsidiary Larsen & Toubro Oman LLC
 to 65 per cent from 49 per cent via the acquisition of 1.1 lakh
 shares
 
 -Ties up with European companies for its Electrical Standard Products
 (ESP) business in Europe
 
 -Henning Holck-Larsen, 96, co-founder and chairman emeritus of
 India's largest engineering and construction conglomerate Larsen &
 Toubro Ltd, passed away in Breach Candy Hospital, Mumbai, at 1.10 pm
 on July 27
 
 -Bags a Rs 420 million order to build a flyover in Oman
 
 -L&T Infotech, a wholly-owned subsidiary of Larsen & Toubro Limited,
 has bagged a m order from US telecom giant Motorola for SAP
 implementation and mainframes
 
 -Forays into China by inducting a representative in China to supply
 critical modular equipment for various projects
 
 -Enters into an agreement with Citibank NA, New York offering the
 issuance of Global Depository Shares
 
 -Sets up a trust to acquire the holdings of Grasim Industries in the
 company
 
 -Bags Motorola contract worth 0m for SAP implementation and
 mainframes
 
 -The company has shut down its packaging business as part of a
 portfolio restructuring.
 
 -Tied up to finance jointly with the union bank of india for its
 tractors to the farmers
 
 -Picks up 30% stake in newly formed NAC Infrastructure Equipment
 (NACIEL)
 
 -Gets order from Shell Hazira Gas to develop Liquid natural gas
 
 -L&T bags Rs 9210 million mega order for country's largest hydel
 project
 
 -L&T bags Rs 7000 million Power Plant Order
 
 -L&T Board approves disposal of Glass Business
 
 -L&T secures Rs 700 cr power plant order from GMR group
 
 2004
 
 -L&T-John Deere sign MoU with SBM for tractor financing
 
 -L&T bags an order worth -m in UAE
 
 -L&T receives Rs.1370 mn order for Nuclear Power Plant Equipment
 
 -Centre grants licence to L&T to make submarines
 
 -L&T bags commendation award
 
 -L&T-John Deere join hands with BoI for tractor finance
 
 -Larsen & Toubro CMD gets corporate leadership award
 
 -Mops up Rs 225 crore by privately placing bonds with banks, mutual
 funds and a primary dealer
 
 -Wins a contract worth Rs 70 crore for construction of a 15-storied
 hotel and service apartments for the Radissons Group, making its
 entry into Bahrain
 
 --Bank of Baroda signed a memorandum of understanding with L&T John
 Deere Pvt Ltd to prop up farm sector lending.
 
 -L&T with  EIL inks pact with IOC for Iran pipeline project
 
 -L&T Ties Up with US Cardiac Equipment Major Zoll Medical
 Corporation, USA
 
 -Larsen & Toubro (L&T) has won a contract for coal gasification
 equipment from China valued at Rs 95 crore
 
 -Cement division demerged, new company carved out in the name of
 Ultra Tech CemCo, Grasim Industries Ltd. takes majority control in
 Ultra Tech CemCo
 
 -Engineering major Larsen & Toubro Ltd. has won an order worth .5
 million from the United Arab Emirates to develop a platform in an oil
 field in the Gulf
 
 -Launches new 35 HP tractor
 
 -L&T and BEL join hands to develop radar for Army
 
 -Tata Steel and Larsen & Toubro (L&T)  signs definitive agreement to
 form a 50:50 joint venture for setting up a port at Dhamra in Orissa
 on October 29,2004
 
 -L&T join hands with Dubal to set up alumina plant
 
 2005
 
 - L&T John Deere Private Ltd launches 40 HP tractor 5103 models on
 January 8, 2005,
 
 -L&T join hands with Dubal to set up Rs 50000 mn alumina refinery
 plant
 
 -L&T bags Rs 1650 mn order for Water Supply System to Greater
 Bangalore
 
 -L&T exits Tractor Business
 
 -L&T secures Rs 4950 mn contract for new Hyderabad Airport
 
 -L&T receives contracts from Dubai-based firm
 
 -L&T enters into MoU with DSL, Nashik for a merger of DSL with the
 Company under a scheme to be approved by BIFR
 
 2006
 
 -L&T bags a Rs 440-crore order from Zadeko Ship Management CV
 
 -L&T inks Joint Venture in Kuwait to expand construction prospects in
 Gulf
 
 -L&T Wins Rs 7500 mn BOT Highway Contract in Gujarat
 
 -Mumbai: Larsen & Toubro has forged technological alliance  with
 Mitsubishi Heavy Industries for manufacture of equipment for mega
 power projects being planned in the country.
 
 -L&T Wins Rs 5400 crore Delhi Airport Contract.
 
 2007
 
 -The Boeing Company on February 08, 2007 has signed a Memorandum of
 Understanding (MoU) with the Larsen & Toubro Ltd , for the joint
 exploration of business opportunities in India's defense sector.
 
 -Larsen & Toubro Ltd (L&T) have signed on February 15, 2007, a
 Memorandum of Understanding (MoU) with Dassault Systèmes (DS), which
 has head offices in France.
 
 -Larsen & Toubro (L&T) will set up joint ventures with Japan's
 Toshiba Corp and Mitsubishi Heavy Industries (MHI) to commission
 manufacturing facilities for super-critical turbines and boilers,
 which are used in coal-fired power generation plants.
 
 - Larsen & Toubro Ltd (L&T) has announced that the Company has bagged
 two orders valued at Rs 412 crores.
 
 - L&T bags Rs 877 crore ONGC order.
 
 - L&T bags Rs 114 crore order from SAIL.
 
 - Larsen & Toubro Ltd (L&T) has informed that the Board of Directors
 of the Company at its meeting held on July 03, 2007, has appointed
 Mr. Subodh Bhargava as an Additional Director of the Company.
 
 -Larsen & Toubro Ltd (L&T) has informed that the Board of Directors
 of the Company at its meeting held on July 19, 2007, has appointed
 Mrs. Bhagyam Ramani as a Nominee Director of the Company representing
 equity interest of General Insurance Corporation of India with effect
 from July 19, 2007 in the vacancy caused by the resignation of Mr. B
 P Deshmukh.
 
 - Larsen & Toubro Limited (L&T) has won a repeat order valued at over
  million for construction of two ships from RollDock BV of
 Netherlands.The vessels will be built at the existing shipyard that
 is a part of the engineering complex at Hazira, Surat.