Larsen & Toubro Ltd is an Indian multinational technology, engineering, construction, manufacturing & financial services conglomerate, headquartered in Mumbai.
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Friends from school, L&T has come to set up a small office in India to represent a dairy equipment manufacturer from their home county Denmark.
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But when the war broke out in Europe in 1939, import restrictions followed & the friends were forced to wind up their business
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The war offered them an opportunity to fix damaged ships & soon, two repair and fabrication shops were up & running
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Since then, the company hasn’t looked back & has seen its order book to a record high of Rs 3,27,354 Crores in the March quarter.
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Did You Know?
The Statue of Unity, made by L&T, was built at a cost of Rs 2,989 Crores.
Do you have the company in your portfolio?
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The Statue of Unity, made by L&T, was built at a cost of Rs 2,989 Crores.
Do you have the company in your portfolio?
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