- On 7th February the Company was incorporated. Larsen & Toubrocarries on business as civil mechanical electrical chemical &Agricultural engineers as manufacturers as importers & exporters & ascontractors. The Company represents a large number of overseasmanufactures notably manufacturers of tractors agriculturalmachinery dairy machinery film cooling towers and general industrialand 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 forthe manufacture of multipurpose hydraulic excavators and high pressurehydraulic system in collaboration with Poclain S.A. France.

1977

- During the year Faridabad Factory become operative and commenced themanufacture of switchboards.

1979

- With effect from 1st April Wilcox Buckwell India Ltd anothersubsidiary was merged with the company.

1981

- Utkal Machinery Ltd was amalgamated with the company with effect from1st April.

- During the year the company signed an agreement with Hong kongship-owners for the purchase of two bulk carriers of 27 000 DWTcapacity each built in Japan at a contractual price of U.S $ 18.3million each.

- During the year company made a right issue of 13.5% convertibledebentures of Rs.100 each for Rs.6 crores. 1982

- The Company's subsidiary Engineering Construction Corporation Ltdwas merged with the company with effect from 1st Oct.

1983

- During the year the company established a cement plant with aninstalled capacity 1 million tonnes per annum in Chandrapur district inMaharashtra and commenced commercial production of cement.

1984

- During the year the company signed collaboration agreement with Y.EData Japan for floppy disc drives with honeywell information systems India for dot matrix printers and with Jeumont Schneider France forelectronic PABX. Another collaboration agreement was signed withpotain Poclain Material France for manufacture of mobile cranes atKansbahal works. The company also signed collaboration agreement withOesterreichische Doka Schalungs-und Geruestungstechnik GmbH Austriafor farmwork systems used in the construction industry.

- During the year the company issued 55 00 000 -15% non convertibledebentures of Rs.100 each for an aggregate amount of Rs.55 crores.

1985

- During the year the Company manufactured and delivered two-endshields for Kakrapara Atomic Power Project.

1986

- During the year the company commissioned a new factory in HebbalIndustrial Estate near Mysore in Karnataka for the manufacture ofcomputer peripherals such as dot matrix printers and floppy discdrives.

1987

- During the company diversified into the field of 400 KV transmissionlines.

1988

- During the year company entered into collaboration agreements withSundstrand Sauer USA for the manufacture of axial piston units withcase vibromax W. Germany for manufacture of vibratory compactors andwith JI Case USA for the manufacture of wheel loaders. Also amemorandum of understanding was signed between the company and ColasS.A of France for setting up a joint venture company for production ofasphalt emulsion.

1989

- A new project was commissioned at Mysore in Karnataka for themanufacture of medical electronics products. During the year theCompany received industrial licences for the manufacture of shipauxiliaries and components of mechanised sailing vessels and rail tracklaying track maintenance and renewal equipment.

- During the year the company entered into a technical collaborationagreement with MPSI of USA for the manufacture of ring hammer mills androtary breakers required for sizing of coal.

- During the year company issued 30 000 - 13.5% debentures of Rs.1000each to financial institutions with an option for conversion intoequity shares of the company.

- During March-April the company issued 63 78 750-12.5% FCDs of 125each of which 60 75 000 debentures were issued as rights to the equityshareholders and 3 03 750 debentures to the employees on equitablebasis.

- During September the company issued 275 63 215 12.5% FCD ofaggregate value of Rs.820 crores.

1990

- During the company entered into an agreement to take over thetractor unit of Kirloskar Pneumatic Co. Ltd.

- During the year company completed construction of 200 flats for SaiCentral Trust Puttaparthy. The company also commissioned a spongeiron plant of 8 80 000 tonnes per annum capacity for Essar Steel atHazira.

- During the year following foreign collaboration agreements wereentered into 1. With mannesmann Anlagenbau Germany to bring in thelatest technology in ash handling at coal-based thermal power plants 2. With AFE Displays Ltd. UK for supervisory colour graphicscontroller 3. With Western Digital Corporation USA. for hard diskdrives 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 theTrisuli Hydro Power Project in Nepal.

1992

- A carbonate condenser for IFFCO Kalol was manufactured to StamiCarbon Process for the first time with the stringent requirements ofultrasonic testing for each tube-to-tube sheet joint. The company alsodeveloped ethylene oxide reactor for SM Dyechem.

- During the year Co. developed public switching system with a capacityupto 10 000 lines and 2GH2 microwave transmission equipment of 30-channel and 120 -channel capacity and they were installed for fieldevaluation by the Department of Telecommunications.

1993

- L&T - Gould Ltd. was amalgamated with the Company effective from 1stJanuary. During the year a new model 90 CK -111 was launched. Amethanol cometics for Deepak Fertilizers and test separation for ONGCplatform were delivered. A pair of endshields was also fabricated andsupplied for the 235 MW Karga Atomic power project. Also the companycommissioned the Max-L telephone exchange of 2000 lines extendible upto1 10 000 lines at Chittorgarh Rajasthan.

- During the year EWAC Alloys Ltd. on issuing further shares tocollaborators and increasing their holdings to 50% ceased to be asubsidiary of the company.

1994

- During November the company offered 80 83 832 GDR shares at a issueprice of US $ 8.35 per GDR representing shares 161 67 664 equity sharesat 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 EnergyAlternatives 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 SA. signed a MOU with SAIL for promoting & developing 2 x 250 MW Coalbased power plant at Bhilani in MP. Also the company tied up withSargent & Lundy U S A. to offer EPC service for thermal power projectsand also to form a joint venture engineering company. This jointventure would offer engineering services to power projects in India andabroad.

1995

- During the year an international scale glass container plantemploying the state-of-the art technology was being set up in technicalcollaboration with Vetropack Switzerland. During the same year thecompany signed of memorandum of intent with Samsung Electronics Co.Ltd. of South Korea to form a joint venture for the manufacture andmarketing of a vide spectrum of telecom products including largeswitches transmission products paging systems and PABX. Also signedan MoU with Orissa govt. for setting up a integrated steel plant atGopulpur.

- During the year a new cement plant at Kovaya in Gujarat with annualcapacity 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 associatecompanies namely Audco India Limited Ewac Alloys Limited TractorEngineers 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 andGujarat so as to ensure continuous availability of equity power atreasonable cost.

- The Larsen and Toubro (L&T) Employees Association has launched anindefinite strike from January 21 protesting against the allegedharassment and victimisation of workers by the management even as themanagement termed the strike illegal and contended that it had onlyinitiated disciplinary action against some employees for misconduct andnon-performance.

- L&T-McNeil Limited a subsidiary of Larsen & Toubro Limited has beenawarded the All India Special Shield for 1995-96 in the category ofnon-SSI New Product Exporters by the Engineering Export PromotionCouncil.

- Larsen & Toubro (L&T) has won the Golden Peacock National QualityAward 1996 and for the year 1997 instituted by the Institute ofDirectors (IOD) New Delhi.

- The private sector giant Larsen and Toubro (L&T) will introduce 300varieties of computerised ready mix concrete for the first time in thecountry so as to develop a new concept in the building industry.

- The Engineering and Construction conglomerate Larsen & ToubroLimited (L&T) has been selected by Indian Institute of BridgeEngineers 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 excellentaesthetics and blending with the environment.

- The equity shares of Larsen & Toubro Ltd. Dabur India Ltd. GreatEastern Shipping Company Ltd. Jindal Vijayanagar Steel Ltd. and JindalIron & Steel Ltd have been admitted for dematerialisation.

- Larsen & Toubro Limited (L & T) has been marketing the world classrange of fax machines from Canon in India. It has added a high-qualitylaser plain-paper fax machine model L300 to the existing range.

- Engineering major Larsen & Toubro has been awarded the 115 MW ISOcapacity captive power project of Haldia Petrochemicals in West Bengalas an independent power producer.

- Larsen & Toubro Ltd (L&T) has entered into a 50:50 joint-venture withKomatsu Japan to manufacture hydraulic excavators and components.

- L&T has received a letter of award for setting up a combined cycleco-generation power plant for Haldia Petrochemicals Ltd (HPL) on abuild-own-operate basis.

- Under a memorandum of agreement signed between Larsen and Toubro Ltdand Japan's Komatsu Ltd the two engineering companies have decided toform an alliance in the construction equipment business in India andits neighbouring countries.

- Larsen and Toubro Limited (L&T) has been awarded a railwayelectrification contract for the Vallathol Nagar Ernakulam section inKerala.

1998

- The joint venture has been set up for the manufacture of earthmovingequipment and has a paid-up share capital. Both L&T and Komatsu arechipping in with 50 per cent each of the equity base.

- Diversified industrial giant Larsen and Toubro (L&T) has enteredinto a joint venture with Dear and Co. a leading internationalagricultural machines company to manufacture tractors.

- Larsen & Toubro Ltd (L&T) has bagged two national awards forexcellence in construction from the Association of Consulting CivilEngineers (ACCE) for 1998. The ACCE-Sarvamangala Award was given inrecognition of the work done by L&T in constructing the Sree KanteeravaIndoor Stadium in Bangalore while the ACCE-Billimoria Award in thehigh-rise buildings category was given for the internationaltechnopark also in Bangalore.

- Larsen and Toubro Ltd (L&T) has been conferred the Indian ChemicalManufacturers Association (Icma) award for excellence in chemical plantdesign and engineering for 1997.

1999

- Engineering major Larsen & Toubro has bagged the EPC contract for theRs 135 crore captive power plant being set up by Usha MartinIndustries 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 theirloans into equity shares. As a result of the conversion which wasdone at a part value of Rs 10 per share the company's equity capitalhas jumped from Rs 5 crore to Rs 122 crore.

2000

- Cement giants Larsen & Tubro (L&T) and Gujarat Ambuja Cements haveentered a unique agreement to reduce transportation costs indespatching bulk cement in Gujarat.

- Crisil has assigned the highest safety rating to engineering andconstruction major the company's Rs 100 crore debenture issue.

- The Company its Nashik Glass Work an accidental leakage of moltenglass 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 CapitalCompany Ltd' -- to focus on business opportunities in the capitalmarket.

- L&T has formed a new company L&T Equipment Leasing Co. Ltd. towhich will be transferred the construction equipment owned byECC-operating division.

- L&T Information Technology Ltd. a wholly-owned subsidiary of Larsenand Toubro Ltd. has been awarded the National Export Award for1998-99.

- Larsen and Toubro (L&T) has floated a 26:74 joint venture withJapanese major Sharp Corporation which will absorb the company'sexisting distribution business of electronics office equipment.

- The Company is offering a 5-year NCD issue at 11.25 per cent to mopup 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 Bellarydistrict of Karnataka and a few districts in Andhra Pradesh.

- The Company has extended its employees stock option plan to cover 500employees all in the senior management cadre.

- Larsen & Toubro's construction division has been awarded a contractfor 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 to16 million tonne facilitated by a one million tonne grinding unit inWest 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 installedcapacity of over 14 million tonne is setting up a 1mt grinding unit atDurgapur in West Bengal.

- The Company will hive off its cement business by March. - Larsen & Toubro has appointed investment bankers J P Morgan and DSPMerill Lynch to advise them on the proposed demerger of its cementdivision.

- The Company has appointed Vijay Kumar Magapu as a successor to AchyutS Godbole the outgoing CEO of its IT arm L&T Information Technology.

- Sharp Business Systems (India) Ltd. the joint venture between SharpCorporation and Larsen & Toubro has launched its inkjet printers inIndia.

- Larsen & Toubro is set to replace the Associated Cement Companies insetting up a one million tonne grinding unit in Jindal Vijaynagar Steelcomplex.

- The Company and Gas Authority of India have agreed to collaborate inresearch and development new technologies liquefied gas plants andterminals pipelines petro-chemicals power and telcommunicationsareas.

- Larsen & Toubro has commissioned its new cement plant at Arakkonam inTamil Nadu on December 13.

- Engineering major Larsen & Toubro and German firm Demang Ergotechwill form a 50:50 joint venture company to make injection mouldingmachines at the former's manufacturing facility in Chennai.

2001

- The Company has informed BSE that the company has entered into ajoint venture with Demag Ergotech of Germany.

- Larsen & Toubro has formed a separate company L&T EMSYS (L&T EmbeddedSystems) for embedded software development.

- The Company commissioned its cement grinding plant of 1 million tonnecapacity at Arakkonam in Tamil Nadu in December 2000.

- L&T-DEMAG Plastics Machinery Pvt. Ltd. hte new joint venture betweenLarsen & Toubro Ltd and Demag Ergotech of Germany has commencedoperations.

- L&T Information Technology Ltd a subsidiary of Larsen & Turbro Ltd and Sun Microsystems Pvt. Ltd. have signed a memorandum ofunderstanding to jointly offer e-business solutions to their customers.

- L&T Information Technology a fully-owned subsidiary of Indian'sleading engineering company Larsen and Turbo may set up a softwaredevelopment center in Orissa's capital.

- The National Highways Authority of India (NHAI) has signed twocontracts with Larsen & Toubro for the construction of two majorbridges on Vijayawada-Visakhapatnam section of NH 5 in Andhra Pradesh.

- Larsen & Toubro has successfully closed an $104-million syndicatedterm-loan facility. The initial borrower is L&T but the loan would gettransferred to the cement company as and when the demerger of itscement business was completed

- Larsen & Toubro Ltd (L&T) has bagged the Rs 121.5-crore contract toconstruct a 36.89-km stretch of the National Highway Four betweenKanchipuram and Walajahpet along the Chennai-Bangalore highway.

- Larsen & Toubro Ltd (L&T) has introduced its third voluntaryretirement scheme (VRS) for unionised employees applicablespecifically to those below the managerial level. Staff costs for thejust 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 projectbetween Jaipur and Kishangarh on NH-8 in Rajasthan which is estimatedto 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 $23 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. $100 million form Songas Ltd Tanzania

-Cyber Towers and Cyber Gateway - L&T Infocity engages Singapore-based $700 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 $32.50 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 $50m 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 $50 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 $75m 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 $100m 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 $30-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 $52.5 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.