MORE MILESTONES
L&T Construction Commissions India's Largest Solar PV Power Plant
Achieves 114MW installations in single year


Mumbai, April 09, 2012: L&T Construction - part of the Larsen & Toubro conglomerate has commissioned India's largest solar photo voltaic based power plant (40 MWp) owned by Reliance Power Limited at Dhursar Village, Jaisalmer district of Rajasthan. As the largest EPC player in solar power, L&T Construction executed the solar power plant from concept (including detailed design) to commissioning in 129 days. With the commissioning of this plant, L&T Construction has installed 114MW of utility scale solar PV power plants over the last fiscal – a benchmark in India's solar EPC industry.

The solar PV power plant, equipped to supply more than 70 million units of clean and green energy to 75,000 households,was commissioned in the presence of Mr. Farooq Abdullah,Minister for New and Renewable Energy, Mr. Ashok Gehlot, Chief Minister of Rajasthan, Mr. Jitendra Singh, Energy Minister, Mr. Anil Dhirubhai Ambani, Chairman of Reliance Power and senior officials from L&T. The clean energy generated by the plant is expected to displace nearly 70,000 MT of CO2 annually.

The SolarPV power plant, which comprises more than 5,00,000 high output generating thin film technology based Solar PV modules and thirteen 3.5 MVA power transformers to generate 40MWp, is spread across 350 acres. The thin film Solar PV modules for the project were procured by Reliance; while L&T's scope of work included complete design, engineering, procurement and construction of 40 MWp solar power plant, including construction of a 5km33 kV double circuit transmission line.

L&T's EPC expertise led to benchmarks in scale and pace of execution. Itundertook installation of 13000 modules per day and laid more than 1400km of cables. Adopting mechanized construction including sophisticated ramming machines, L&T's engineers and workforce achieved 7, 37,409safe man hoursduring the execution of the project.

Background:

Larsen & Toubro is a USD 11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India's private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.

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L&T Construction Bags Orders Valued Rs. 1875 Crore


Mumbai, March 30, 2012 : L&T Construction won new orders valued over Rs 1875 crore across various business segments in March 2012.

The Power Transmission & Distribution IC secured new orders in both domestic and international markets from reputed customers. Domestic orders worth Rs 701 crore include a major order from the Tamil Nadu Electricity Board for the construction of 148km, 400kV DC (Quad) transmission line from Pugalur to Pandiankuppam in Tamil Nadu. The project will be completed in 18 months. The Company has bagged two additional orders for construction of substations at Malaysendra from Karnataka Power Transmission Corporation and at Jind, Haryana from Power Grid Corporation of India Limited.

International orders, valued at Rs 194 crore, include those for construction of a 220/33 kV substation and various orders for ongoing projects at UAE.

The Building & Factories IC has bagged new orders aggregating Rs 841 crore. This includes construction of residential apartments in Chennai and Mumbai from leading developers. Another new order has been received for construction of a mall in Bangalore.

In the Solar Business Unit, L&T Construction has secured orders worth Rs 139 crore from reputed developers for the construction of a 5.75 MW Solar PV plant on EPC basis in Rajasthan and general civil works for 1x125 solar thermal power project in Gujarat.

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L&T Construction Bags Order Worth Rs. 1700 Cr


Mumbai, March 27, 2012 : L&T Metallurgical & Material Handling IC, part of L&T Construction has secured a Rs 1700 cr order from Tata Steel for a new 6 Million Tonnes Per Annum (MTPA) steel plant at Kalinganagar, Odisha.

As part of the greenfield steel plant, L&T is executing a slew of projects like blast furnace, sinter plant, coke oven, balance of plant for steel melt shop, hot strip mill, utilities and construction works for other areas.

The Company's Minerals & Metals Strategic Business Group has strengthened its leadership position in the iron making area as an EPC player for the Indian steel industry. With this new order L&T has enhanced its capabilities to provide integrated solutions for the entire steel plant.

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L&T Construction Wins Orders Valued Rs. 1140 Crore


Mumbai, March 15, 2012 : L&T Construction has secured new orders valued over Rs 1140 crore across various business segments in March.

The Company's Building & Factories IC has secured a major order worth Rs 970 crore for the design and construction of a large IT campus facility in Kolkata from a reputed customer. This project will be executed on a JV model along with Shapoorji & Pallonji Co.(SPCL) within a period of 32 months.

In yet another development L&T Oman LLC has bagged a new order worth ` 170 crore from Oman Electricity Transmission Co for replacing portions of the existing 220 & 132 kV OHL from Mawaleh to Seeb GS to be completed within a period of 15 months.

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L&T Construction Secures Orders Valued Rs. 1120 Crore


Mumbai, March 22, 2012 : L&T Construction has won new orders valued over Rs 1120 crore across various business segments in March 2012.

Power Transmission & Distribution IC has secured new international orders worth Rs 548 crore from Abu Dhabi Water & Electricity Authority, UAE for the construction of 220 kV overhead lines, switching stations and other related electrical works. L&T Oman LLC, part of L&T Construction, has bagged a new order worth Rs 156 crore from a reputed client for the construction of an electrical substation and associated work.

The Building & Factories IC has secured orders aggregating Rs 416 crore from various customers. Major orders include those for construction of factory projects, and include contracts for additional work from various ongoing projects.

Background:

Larsen & Toubro is a USD 11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India's private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.

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Larsen & Toubro Forms Consortium with Nexter Systems for Three Major Artillery Gun Programmes of Indian Army


New Delhi, March 30, 2012 : Defence majors Larsen & Toubro (L&T) and Nexter Systems of France (NS) have signed consortium agreements to collaborate for key Artillery Gun programmes of the Indian Army. These include the 155mm/ 52 Cal Towed Gun System (TGS) and Mounted Gun System (MGS) programme, with Nexter Systems as lead partner and a 130mm/39 Cal M-46 up-gunning programme, with L&T as lead partner.

The partnership between L&T and Nexter is based on delivering the best solution and value to the Indian Army. According to the agreements signed between L&T and Nexter, the latter will transfer the production of sub-assemblies of TRAJAN® (TGS) and CAESAR® (MGS) and the final integration of both systems to L&T in India. The engineering customisation of the systems to fulfil specific Indian requirements will be accomplished together by L&T and Nexter. L&T and NS are looking forward to extending the cooperation for these artillery programs for Indian MoD to other opportunities, globally.

During his visit to DefExpo 2012 (New Delhi) Mr Philippe Burtin Chairman and CEO of Nexter Systems said, “Our partnership with L&T is hugely important to Nexter, I am convinced that the depth of our mutual commitment will result in a strong overall value proposition to the Indian MoD. Our teams have been working closely for more than two years and I am delighted with the results they have achieved together on the TRAJAN® system for the TGS programme.” Speaking on the occasion, Mr.M V Kotwal, Member of the Board, L&T and President, L&T Heavy Engineering said “L&T and Nexter Consortium will endeavour to provide a winning solution to the Indian Army. Besides providing the most successful Artillery Gun Systems to the Indian Army, this partnership will open up new avenues in Indian and global defence markets for both partners. The collaboration offers not only commonality of ordnance but also reduces the logistics foot print significantly, and minimises the requirements of spares and through life support across multiple artillery systems”

Larsen & Toubro, in association with Nexter Systems, will manufacture critical subsystems for the guns, integrate and support the guns for Indian Army. L&T brings to the consortium its track record of development of various weapon systems for Defence Research & Development Organisation and Indian armed forces across land, naval and air defence applications.

About Nexter:

Nexter applies its expertise in land defence systems to meet the needs of the French army and other forces internationally. The scope of its business includes the supply of armoured vehicles, weapons systems and munitions for Army, Air Force, Navy and law enforcement applications. In 2010, Nexter reported revenue of € 1.1 billion, of which 12% were allocated to Research & Development. The range of products offered by Nexter includes: CAESAR® the highly mobile 155mm self-propelled gun, TRAJAN® the powerful 155 mm towed gun, 105LG lightweight towed gun, Leclerc battle tank, VBCI Infantry combat vehicle, ARAVIS® highly protected armoured vehicle, BONUS intelligent munitions and FINDERS® C2 command system, all backed up by customer service, support and recycling.

About L&T:

Larsen & Toubro is a USD 11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India's private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.

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L&T and Samsung-Techwin Team up for Artillery Gun programme


New Delhi, March 29, 2012 : Defence majors Larsen & Toubro Limited (L&T) and Samsung TechwinCo., Ltd (STW) of S. Korea announced that they would be cooperating in the Indian Army's Tracked Self Propelled Artillery Programme. The announcement was made at DEFEXPO 2012-the exposition of defence equipment and systems in Delhi. A proposal to develop the 155mm/52 calibre tracked, self propelled artillery,with L&T as the lead partner,hadbeen submitted last year to the Ministry of Defence.

“L&T and Samsung Techwin have joined together to offer a state-of-the-art Self Propelled Tracked Howitzer systemmeeting the aspirations of the Indian Army for this strategically important program. This cooperation would lead to new avenues in Indian and global defense markets for both the partners working together”, said Mr.M V Kotwal, Member of the Board, L&T and President, Heavy Engineering.

The agreement reflects the success of both companies in their respective areas of proficiency. L&T has hadaseries of successes as an innovator and systems integrator for key systems & technologies,and has indigenously developed and supplied complete systems for the Indian defenceand aerospace sectors. Samsung Techwin isthe OEM for the Korean “K9 Thunder” Self Propelled Howitzer, which is the largest and most successful of the155mm / 52 Calibre Self Propelled Artillery Systems in the world today. A large number of K9 systems have been produced and are in service in S. Korea and other countries around the world. Together with the K10 Ammunition Re-supply Vehicle, the system is recognized foritsfunctionality and unrivaled performance.

Larsen & Toubro, as the lead partner, willindigenously produce the self-propelled howitzer, thereby contributing to self-reliance in the defencesector. As part of the co-operation agreement between the two companies, STW will provide key technologies to L&T for localization of the K9 Thunder. During the production phase of the Indian tracked artillery program, the joint offering would have over 50% indigenous content including components like fire control system, communication system, NBC & AC, APU, life support system, etc which have already been used in India. This phase will also include significant localization of hull /turret structure and major subsystems. L&T also plans to set up the integration and testing facility for roll out of these guns from its world-class, dedicated defense equipment facility in Talegaon, near Pune.

The ‘K9 Thunder' is on display at the L&T stall in the Defexpo, with L&T-STW jointlyannouncing its readiness to field the system for Indian Army's User Evaluation trials which are expected to commence shortly.

About STW:

The Samsung Group is a multinational conglomerate head-quartered in Seoul. The Samsung Group is composed of 29 affiliated businesses with a total turnover exceeding US$ 200 billion. Samsung Techwin is a technology and innovation leader in the group, specializing in defense & security solutions.

About L&T:

Larsen & Toubro is a USD 11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India's private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.

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L&T Electrical & Automation Acquires UK-Based Thalest Group


Mumbai/Tollesbury (Essex, UK), April 04, 2012 : The Electrical & Automation business of Larsen & Toubro yesterday completed the share sale agreement formalities for the acquisition of Thalest Limited, the UK-based holding company of Servowatch Systems Limited, Bond Instrumentation & Process Control Limited and Servowatch Inc, (USA).

Thalest Limited is engaged in offering Integrated Platform Management System (IPMS) and Integrated Bridge System (IBS) solutions for naval warships and mercantile marine ships, vessels and floating systems. L&T's Electrical & Automation business has been present in this space with marine electrical and automation solutions.

Speaking on the acquisition, Senior Vice President & Head of L&T Electrical & Automation, Mr. S. C. Bhargava, said, “We are approved as an IPMS and IBS supplier for the Indian Navy together with Servowatch. Thalest / Servowatch joining the L&T family will help offer cutting edge technology in control & automation space not only for marine application but also for other emerging segments. Thalest / Servowatch's deep understanding of the control and automation space will open new vistas in other markets and segments.”

Servowatch is one of the leading suppliers of advanced integrated ship control systems including alarm and monitoring, automation, platform management and bridge, navigation, communication and multimedia packages, into both new build and retro-fit markets.

Servowatch has an extensive experience in dealing with the navies of the US, UK, India, Australia and Thailand. The Company also has wide experience in offering control systems for commercial ships, special purpose craft and land / marine asset management.

Background:

Larsen & Toubro is a USD 11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India's private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.

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PRESS RELEASES
L&T's Kattupalli Port to begin operations by month-end

HINDU BUSIENSS LINE    April 10, 2012

The Kattupalli port is to begin operations this month end with a soft launch. The port by L&T is coming up adjacent to the Ennore port with an initial investment of over Rs 2,000 crore.

The original plan was to launch in April. However, with most of the works completed, the company was preparing to launch in January. But due to a delay in getting clearance from the Customs department, which should first notify the terminal to handle containers, the launch will be in April.

“The issue with the Customs has been sorted out. We will inaugurate the port with a soft launch. Most of the VVIPs are not confirming the date, hence, a soft launch,” said an official in L&T Ports.

It is learnt from industry sources that the company has even appointed trailer operators inside the terminal for movement of containers.

Shipbuilding

Larsen & Toubro Ltd along with Tamil Nadu Industrial Development Corporation formed a joint venture company, L&T Shipbuilding Ltd, to develop a ship building yard-cum-minor port complex at Kattupalli. This was to enable the domestic ship building industry to build ‘flotilla' for the Navy and the Coast Guard.

Since a stand-alone shipyard cannot sustain a large-scale investment for a breakwater supported harbour, the State Government has also permitted the company to handle other commercial cargo in line with the Minor Port Development Policy.

Facilities

The port facilities comprise 1.5-km long northern breakwater, 3-km long southern breakwater, 5-km long navigational channel to a depth of 15 metre and other harbour-related infrastructure. The company will handle containers, which will be operated by the Manila-based International Container Terminal Service, and also build offshore platforms, besides meeting the requirement of the Defence, he said.

In April 2011, International Container and L&T signed a container port operation agreement to manage, operate the Kattupalli International Container Terminal.

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L&T Mutual Fund to buy Fidelity MF's India Business

THE TIMES OF INDIA    March 23, 2012

L&T MF will buy Fidelity Mutual Fund in India for an undisclosed amount. For about two months now, US based Fidelity's management has been in talks with several bidders to sell its India fund management operation and L&T MF emerged as the winner although it was not the highest bidder, sources said.

What tilted the deal in favour of L&T MF was its willingness to retain a large part of Fidelity MF's existing staff in India. This is L&T MF's second acquisition in the last two years, the first being the buyout of the mutual fund business of DBS Chola in January 2010.

Although the companies did not disclose the transaction value, sources said that the deal was valued at about Rs 550 crore, or about 6% of Fidelity's assets under management (AUM), which as of December 2011 was at about Rs 8,900 crore. Of the total AUM, about 70% is in equity assets while the balance is in debt.

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L&T Insurance Policy gets award

FINANCIAL EXPRESS    April 07, 2012

L&T Insurance's flagship health insurance, my:health Medisure Prime Insurance has been voted the Product of the Year 2012 in the general insurance category. Product of the Year is a global organisation, rewarding innovation in 32 countries through a procedure of consumer voting through face-to-face national survey conducted by Nielsen, a leading global research firm.

The policy offers features such as double sum assured for treatment of critical illnesses and coverage of pre-existing diseases after two policy years.

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AWARDS & RECOGNITION
L&T Heavy Engineering Wins National Award for Export Excellence



March 31, 2012

L&T Heavy Engineering has won the prestigious National Award for Export Excellence, presented by the Engineering Export Promotion Council of India (EEPC).

Heavy Engineering was rated star performer in the Large Enterprise category for its export performance in 2010-11. This is the fourth time that L&T has received this award.

Mr. Y.S. Trivedi, Executive Vice President (Heavy Engineering), received the award from Mr. Milan Hovorka, Deputy Minister, Ministry of Industry & Trade of the Czech Republic, at a function in Mumbai on March 23, 2012.

Heavy Engineering has been registering significant export performance since the mid-90s, and has supplied critical equipment to more than thirty countries across the globe.

EEPC was founded in 1955 by the Ministry of Commerce. Headquartered in Kolkata, it is the largest export promotion council in the country with over 12,000 members.





D. Morada
Corporate Communications

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Control & Automation Bags Ramkrishna Bajaj Quality Award



April 10, 2012

The Control & Automation (C&A) business unit of L&T Electrical & Automation has been awarded the Ramkrishna Bajaj National Quality (RBNQ) Award 2011 by the Indian Merchants' Chamber (IMC). C&A bagged the award for business excellence in service organisations' category.



The award – a performance excellence trophy and certificate - was presented by the Chief Guest, Mr. Shashi Tharoor, Member of Parliament & former Minister of State for External Affairs, to the jubilant C&A team during the awards function held on April 6, 2012 in Mumbai.

Presented under six categories, the IMC RBNQ award criteria focuses on visionary leadership, openness and transparency in governance and ethics, value creation for customers, business results, rapid innovation and capitalisation of knowledge asset.

The IMC RBNQA has over the years evolved as a symbol of excellence that encourages organisations in a positive manner by highlighting and showcasing their best practices. RBNQA's process of training and rigorous evaluation has been modelled on the basis of the internationally renowned Malcolm Baldrige National Quality Award presented annually by the President of the United States to organisations that demonstrate quality and performance excellence.





D. Morada
Corporate Communications

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