Top Challengers - Larsen & Toubro Ltd

Despite diverse difficulties in the last two years, L&T proved its mettle by delivering consistent financial performance. While hitherto, L&T´s involvement in the rail sector had been confined to general electrification, the project to develop India´s first dedicated freight corridor, was a significant move towards L&T´s portfolio enhancement. Internationally, L&T trained its sights on the Middle East with considerable success by bagging new projects and large orders. ¨The primary growth mantras we followed that yielded good results were re-structuring the organisation, widening the spectrum and scope of projects, focusing our efforts in new geographies, creating a trained labour force, maintaining a robust risk management process, successfully embracing new technologies, improving the supply chain and thereby enhancing operational efficiency,¨ reminisces SN Subrahmanyan, Whole-time Director & Senior EVP (Construction & Infrastructure), Larsen & Toubro Ltd. On the immediate future, he avers, ¨Success will depend on being able to attract and retain better talent, play to our strength which is ´Design & Build´ and turnkey jobs with technology inputs, increase focus on mechanisation to reduce dependency on scarce skilled labour and seek more success in partnerships.¨ Particulars Net sales PBDIT Net profit FY14 (Rs. crore) 85,128.40 9,308.52 4,854.59 Growth % over FY13 14.27 13.21 -7.34