Larsen & Toubro

Who is owner of Larsen & Toubro?

Larsen & Toubro

AM Naik Tower of L in Mumbai, Maharashtra, India
Founders	Henning Holck-Larsen Søren Kristian Toubro
Headquarters	L House, Ballard Estate, Mumbai, Maharashtra , India
Area served	Worldwide
Key people	Anil Manibhai Naik (Chairman) S. N. Subrahmanyan (MD & CEO) R. Shankar Raman (CFO)

Which country belongs to Larsen and Toubro?

Larsen & Toubro Limited is the biggest legacy of two Danish Engineers, who built a world–class organization that is professionally managed and a leader in India’s engineering and construction industry.

Is it good to buy L shares?

L remains the best play on a capex cycle in India. We maintain our ‘buy’ rating,” it said. At 9:19am, Larsen & Toubro was quoting at Rs 1,857, down Rs 41.80, or 2.20 percent on the BSE.

What happened to Larsen and Toubro?

The Company has divested its entire stake in L Kobelco Machinery Private Limited a subsidiary to Kobe Steel Ltd. on 17 April 2019.As at 31 March 2019 L Group comprises 110 subsidiaries 8 associates 27 joint venture companies and 31 joint operations.

Is L a private company?

Headquartered in Mumbai, Larsen & Toubro Limited is one of the largest and most respected companies in India’s private sector.

What is the future of L?

While engineering and construction, and IT services will be key growth drivers going ahead, L also plans to rollout two digital platforms in 2021 marking L’s foray into the business-to-consumer space.

Is L a good stock to buy for long term?

L has outperformed the Nifty in the past 12 months with a return of 30.5 per cent (Nifty is up 20 per cent) and it has returned 10.5 per cent in the last month, slightly less than the Nifty (11 per cent).

Does Ambani own L?

By November 2001, the Ambanis sold their 10 per cent stake in L to Grasim Industries, owned by the Rs 27,000-crore Aditya Vikram Birla Group. A direct competitor in the cement industry, Grasim was interested in acquiring L.

Which is the biggest private company in India?

PrivCo has provided its Exclusive Top 10 Rankings below, with Tata Group (Mumbai) taking the top spot ranking as the #1 Largest Private Company in India.

Is LNT a good company?

same type of work through out life, working hours are 12 to 16hr per day.

Which is best Wipro or L?

Wipro scored higher in 9 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook.

Is L a good stock for long term?

What is the future of L share?

Larsen & Toubro Limited quote is equal to 1572.150 INR at 2022-07-03. Based on our forecasts, a long-term increase is expected, the “LT” stock price prognosis for 2027-06-28 is 2487.880 INR. With a 5-year investment, the revenue is expected to be around +58.25%.

Is birlas a baniya?

We are fortunate that the Birla family have been written about and have themselves written enough material for us to get a glimpse into the working of a successful, conservative Marwari Baniya family. The word Marwari being used as a generic name for Baniyas from Rajasthan. The Birlas are, of course, from Shekhawati.

Is L part of Reliance?

After a lot of back and forth with the government, financial institutions, the Securities and Exchange Board of India (SEBI), and the Birla Group, Birla exited by selling its stake (acquired from Reliance Industries) to the L Employees’ Trust in June 2003.

Who is the richest company in India?

Reliance Industries is on top when it comes to the top ten richest companies in India with a market cap of over INR 1, 507, 404, it is leading the Indian industries with the highest market capitalization. This is a multinational conglomerate company and it is headquartered in Mumbai.