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8/14/2019 L&TAbout the Company

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L&Ts Corporate Office in Mumbai

BOARD OF DIRECTORS

A. M. Naik Chairman & Managing Director

J. P. Nayak Whole-time Director & President

(Machinery & Industrial Products)

Y. M. Deosthalee Whole-time Director &Chief Financial Officer

K. Venkataramanan Whole-time Director & President

(Engineering & ConstructionProjects)

R. N. Mukhija Whole-time Director & President

(Electrical & Electronics)

V. K. Magapu Whole-time Director &

Senior Executive Vice President

(IT & Technology Services)

K. V. Rangaswami Whole-time Director &

Senior Executive Vice President

(Construction)

COMPANY INFORMATION

61st ANNUAL GENERAL MEETING

AT BIRLA MATUSHRI SABHAGAR19, MARINE LINES, MUMBAI 400 02

ON FRIDAY, AUGUST 25, 2006AT 3.00 P.M.


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Leadership Team


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PEOPLEYour companys most precious resource

Talent AttractionThe campus is the nursery of fut

corporate leaders. Through intense ef

across the last few years, L&T h

created a significant brand presence

premier engineering and managem

institutes around the country. Young ta

increasingly look upon L&T as a car

Building a vibrant, professional

work environment that

attracts, nurtures and retains

good performers and;

developing the expertise to be

able to be a strategic partner to

fulfill present andfuture business needs

MISSION

Mission Statement of L&Ts HR departme


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Training and development

A temple of learning in a serene environment - L&Ts Management Development Centre atLonavala. Knowledge is power. Wisdom is sacred

Together, they shape the future.Most of the Companys resources ared fi bl th i t ti l bl


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TECHNOLOGY A Key Enabler

L&T views technology as the fulcrum twill enable the Company to achieve

goals more competitively, m

emphatically, more effective

Recognizing that technology is a mov

target, and that yesterdays state-of-t

art could already be on the way

obsolescence, L&T constantly scans

horizon, and moves rapidly to acquire

implement solutions as they emerge. Lis committed to investing in the capital

human resources that this wo

necessitate. If there is any method

doing something better, faster and sa

or with a more favourable environme

impact, L&T adopts it.

Technology in R&DThe future is taking shape on compu

screens at L&Ts R&D laboratories. H

teams of highly trained and talen

engineers create life-like, 3-D image

power plants, petrochemical comple

and refineries all in vivid detail At


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Technology for ProductInnovationL&Ts Electrical & Electronic Business

Division has one of the highest New

Product Intensities in the industry. Every

third rupee of the revenue generated for

switchgear products comes from products

introduced in the last five years. Many of

the products have won international

awards, and the department hasregistered a number of patents.

Research and DevelopmentR&D is born out of a belief that the best is

not good enough. L&T believes that there

will always be ways to enhance

performance levels, raise safety

thresholds, accelerate processes, and it

is the mission of L&Ts R&D engineers to

seek and discover those avenues for

improvement.

L&Ts Corporate Technology Department

takes a macro-perspective of

technological developments in industry

worldwide. Its efforts cover:

Facilitating technology development foreach of the businesses within to enablethem achieve the L&Ts strategic plans

Cross-fertilisation of ideas acrossOperating Divisions on technologydevelopment

Identifying technology gaps andinitiating remedial action through bothorganic and inorganic routes

Benchmarks set by L&TL&T has consistently demonstrated

the ability to set and surpass industry

benchmarks. Here is a glimpse o

some of the records set by L&T. The

list is by no means exhaustive and

only serves to indicate the diversity

of L&Ts achievements in

engineering, construction andmanufacturing across severa

industry sectors.

Worlds largest coal gasifier built

for an ammonia plant in China

Indias largest single-stream PTA

plant built for Indian Oil

Corporations refinery in Panipat

The worlds largest ContinuousCatalyst Reactor for the worlds

largest refinery

The worlds biggest Fluid Catalytic

Cracking regenerator


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INTERNATIONAL OPERATIONSPrime Focus on Middle East and China

culture and the most favourable logistL&T has identified the Middle East

China as prime centers for growth, w

pockets in Africa and South East A

forming a secondary target.

The Middle EastThe surge in the Middle East econo

opens up a range of possibilities for m

of L&Ts key businesses. accompanying development that me

attention is the broad-basing of the gro

drivers of the Gulf Cooperation Cou

countries. Many economies in the reg


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countries. L&T is, therefore, well-positioned to take advantage of the

economic upswing in the region.

Opportunities exist for L&Ts IT subsidiary

-- Larsen & Toubro Infotech Limited

(L&T Infotech) -- to make a significant

contribution by providing high-quality

services in the UAE and neighbouring

countries.

ChinaWhile much of the world seems to

perceive China as a threat to be avoided

if possible and countered if not, L&T is of

the view that the dragon economy actually

represents exciting opportunity. L&T has,

accordingly, advanced significantly in its

bid for multiple engagements with Chinas

burgeoning industry.

Across the last couple of years, L&T has

supplied coal gasifiers for Chinas

fertilizer methanol and coal liquefactionDistrict (WND) in the Jiangsu Province of

Chi d h ffi i Sh h i

Coal gasifier built by L&T for a plant in China. L&T is one of the few companies in the worldcapable of manufacturing equipment of such complexity.

with it, of course, Brand India) through

transitory stages of awarene


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CORPORATE SOCIAL RESPONSIBILITYInitiatives for a Better World

Spreading Awareness of AIDS/HIVAs one of Indias first companies to cre

awareness of the impact of HIV/AIDS

the workplace, L&T continually strives

bring even more people within the am

of its enlightening influence, th

preventing the spread of this ki

disease.

Mother /Child Care andcommunity initiatives

L&Ts Health Centre in Mumbai rend

several free health services to

community. This includes family plann

services, mother and child health c

services, immunization, detection a

treatment of diseases like leprosy a

T.B., counselling, health education a

training to NGO health workers.

At other locations viz. Hazira, Kansbah

Baroda, Ahmednagar, Mysore, Chenn

Bangalore, Chandigarh, Faridabad e

L&Ts health initiatives include fam

planning, immunization, nutrition, vitam


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ENVIRONMENTIndustry and the environment are often

placed in adversarial positions. Believing

that this need not necessarily be so,

L&T endeavours to project the supportive

roles they play.

L&Ts factories and workplaces would do

an environmentalist proud with a

Two all-India education schemes have

been introduced for the children of L&Ts

Mumbai-based employees a prize for

good academic performance and

educational reimbursement for children of

deceased/incapacitated employees.

L&T Institute of Technology

The L&T Institute of Technology (LTIT) at

Powai, Mumbai conducts industry-

integrated diploma courses in various

A public park in Mumbai maintained by L&Tis an island of green in the heart of the majormetropolis

presence of more than 80,000 trees.

They are clean have minimal effluents

Teaching them young - a health awarenessprogramme being conducted at a school inMumbai.

calamities that strike our country from tto time.L&T has deployed voluntee

provided construction material, med

and food supplies, given finan

assistance and rebuilt houses

communities devastated by disasters

floods, famines and earthquakes.

Employee Volunteering

L&T-ites at several locations dedicate t

personal time and resources to h

underprivileged communities. Lad

within the L&T fold -- employees, spou

and children of employe

-- have formed a number of clubs

engage in community welfare.


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L&Ts Nationwide Network

ThispictorialrepresentationdoesnotpurporttobethepoliticalmapofIndia


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L&T - A Global Network

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