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Larsen & Toubro (L&T)

Companies/India  •  Curated by Admin Timeline.sg

Historical events timeline.

Chronological Storyline (45 Milestones)

Feb 7, 1938 CE

Larsen & Toubro Founded

Henning Holck-Larsen and Søren Kristian Toubro, two Danish engineers, establish Larsen & Toubro in Mumbai, India, initially as a trading company for Danish dairy equipment. #founding #engineering

Larsen & Toubro Founded
Larsen & Toubro Founded
By Samueljjohn - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=73977551
1940 CE

First Major Order: Soda Ash Plant for Tata Chemicals

L&T secures its first major project, building a soda ash plant for Tata Chemicals at Mithapur, establishing itself in industrial construction. #industry #construction

1942 CE

World War II: L&T Supplies to Allied Forces

During WWII, L&T supplies milk powder, dairy equipment to Allied forces, gaining technical expertise and capital. #wwii #supply

1945 CE

L&T Becomes a Public Limited Company

L&T is incorporated as a public limited company to raise capital for expansion. #corporate #growth

1948 CE

Start of Manufacturing Equipment Production

L&T begins manufacturing dairy and food processing equipment, leveraging its expertise from the founding partnership. #manufacturing #dairy

1950 CE

First Overseas Office Opens in London

L&T establishes its first international office in London to source equipment and expand global reach. #international #expansion

1958 CE

L&T Enters Partnership with Caterpillar

L&T becomes the first company to represent Caterpillar in India for earthmoving equipment sales and service. #partnership #equipment

1960 CE

Heavy Engineering Division Established

L&T sets up the Heavy Engineering division with a new workshop at Powai, Mumbai, to manufacture capital equipment. #engineering #heavyindustry

1963 CE

Switchgear Manufacturing Begins

L&T starts manufacturing switchgear in collaboration with Siemens, marking entry into electrical equipment. #electrical #switchgear

1970 CE

L&T Starts Manufacturing of Cement Machinery

L&T's heavy engineering division begins producing complete cement plants, becoming a major supplier to the industry. #cement #machinery

1973 CE

Entry into Cement Business: L&T Cement Plant

L&T establishes a cement plant in Awarpur, Maharashtra, diversifying into core building materials. #cement #diversification

1976 CE

Shipbuilding Yard at Hazira

L&T commissions a shipbuilding and offshore fabrication yard at Hazira, Surat, to support marine and oil & gas industries. #shipbuilding #offshore

1982 CE

Offshore Construction Projects Begin

L&T begins building offshore platforms and vessels for India's oil and gas sector, notably for ONGC. #oilgas #offshoreconstruction

1985 CE

First Major International Contract in Middle East

L&T wins a contract for the construction of a refinery in the Middle East, marking its first significant overseas project. #international #middleeast

1987 CE

L&T Develops India's First Indigenous Offshore Jacket

L&T designs and builds the first indigenously produced offshore jacket platform for ONGC. #offshore #indigenous

1990 CE

L&T Infotech Established as Division

L&T forms an Information Technology division, later to become L&T Infotech, to provide software and IT services. #IT #software

1993 CE

Henning Holck-Larsen Passes Away

Co-founder Henning Holck-Larsen dies; his leadership had shaped L&T into a diversified engineering giant. #leadership #history

Henning Holck-Larsen Passes Away
Henning Holck-Larsen Passes Away
By India Post, Government of India - [1] [2], GODL-India, https://commons.wikimedia.org/w/index.php?curid=74353437
1995 CE

L&T Enters the IT Services Market with L&T Infotech

L&T formally incorporates L&T Infotech (LTI) as a separate entity to focus on software and IT consulting. #IT #consulting )

1997 CE

Engineering Construction & Contracts (ECC) Merges into L&T

L&T merges its construction division (ECC Ltd.) into the parent company, strengthening its project execution capabilities. #merger #construction

2000 CE

L&T Enters Defense Manufacturing

L&T enters the defense sector, starting with the production of artillery systems and naval weapons under the 'Make in India' initiative. #defense #manufacturing

2001 CE

L&T Wins Contract for Bandra-Worli Sea Link

L&T constructs the Bandra-Worli Sea Link, an iconic cable-stayed bridge in Mumbai. #infrastructure #bridge

L&T Wins Contract for Bandra-Worli Sea Link
L&T Wins Contract for Bandra-Worli Sea Link
By Streetsoda - Own work, CC0, https://commons.wikimedia.org/w/index.php?curid=157743985
2002 CE

A.M. Naik Becomes Managing Director & CEO

A.M. Naik takes over as MD & CEO, leading L&T through a period of rapid growth and global expansion. #leadership #ceo

A.M. Naik Becomes Managing Director & CEO
A.M. Naik Becomes Managing Director & CEO
By AntonyCV - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=82058634
2003 CE

L&T Wins Mumbai-Pune Expressway Contract

L&T constructs the Mumbai-Pune Expressway, India's first six-lane concrete highway, a landmark infrastructure project. #infrastructure #highway

L&T Wins Mumbai-Pune Expressway Contract
L&T Wins Mumbai-Pune Expressway Contract
By neelnimavat - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=49735402
2004 CE

L&T Establishes Renewable Energy Division

L&T enters the renewable energy sector, focusing on solar and wind power projects. #renewableenergy #solar

2005 CE

L&T Wins First Mega Thermal Power Plant Order

L&T receives an order for a 500 MW thermal power plant from NTPC, expanding into the power generation segment. #power #thermal

2005 CE

L&T Acquires Canadian Co. SNC-Lavalin's stake in an Indian JV? Not. Use: L&T acquires a ma

#company #Forbes2000 #asiapacific #engineeringconstruction #larsentoubro

Mar 1, 2007 CE

L&T Acquires Valdel Corporation and Other Firms

L&T acquires US-based Valdel Corporation and other companies to bolster its engineering and construction capabilities in the Americas. #acquisition #global

Sep 1, 2010 CE

L&T Wins Contract for Statue of Unity

L&T wins the EPC contract to build the Statue of Unity, a 182-meter tall statue of Sardar Vallabhbhai Patel in Gujarat. #construction #monument

L&T Wins Contract for Statue of Unity
L&T Wins Contract for Statue of Unity
By Snehrashmi - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=76109589
2011 CE

L&T Wins Order for India's First LNG Terminal

L&T constructs India's first liquefied natural gas (LNG) terminal at Dahej for Petronet LNG. #LNG #energy

2012 CE

L&T forays into Nuclear Power Equipment Manufacturing

L&T supplies critical components for nuclear reactors in India, including for the Kundankulam Nuclear Power Plant. #nuclear #energy

Oct 1, 2013 CE

L&T Commissions India's First 100 MW Solar PV Plant

L&T completes a 100 MW solar photovoltaic plant in Gujarat under the Jawaharlal Nehru National Solar Mission. #solar #energy

Jun 1, 2015 CE

L&T Infotech Goes Public (IPO)

L&T Infotech (now LTI) holds its initial public offering, raising over ₹1,200 crore. #ipo #IT )

2016 CE

L&T Acquires Mindtree? (Actually in 2019) Let's correct: 2019: L&T acquires Mindtree. So I

#company #Forbes2000 #asiapacific #engineeringconstruction #larsentoubro )_Let's_correct%3A_2019%3A_L%26T_acquires_Mindtree._So_I

2016 CE

L&T's Order Book Crosses ₹2 Lakh Crore

L&T's consolidated order book surpasses ₹2 lakh crore (US$30 billion) reflecting strong demand across sectors. #financials #growth

Nov 1, 2017 CE

L&T Wins Contract for Navi Mumbai International Airport

L&T wins the engineering and construction contract for the new Navi Mumbai International Airport. #aviation #infrastructure

L&T Wins Contract for Navi Mumbai International Airport
L&T Wins Contract for Navi Mumbai International Airport
By Suraj Digrase - Own work, CC0, https://commons.wikimedia.org/w/index.php?curid=192185872
Oct 31, 2018 CE

Statue of Unity Completed

L&T completes construction of the world's tallest statue, the Statue of Unity, in record time. #engineering #achievement

Mar 1, 2019 CE

L&T Acquires Mindtree in Hostile Takeover

L&T acquires a controlling stake in IT firm Mindtree for ₹10,700 crore, marking its largest IT acquisition. #acquisition #IT

Apr 1, 2020 CE

L&T Converts Offices into COVID-19 Care Facilities

L&T repurposes its construction camps and offices into quarantine and treatment centers during the COVID-19 pandemic. #COVID19 #CSR

May 1, 2020 CE

L&T Wins Solar Power Orders Worth ₹2,000 Crore

L&T's renewable energy arm secures large-scale solar photovoltaic orders amid India's clean energy push. #solar #renewable

2021 CE

L&T Divests Non-Core Businesses to Focus on Core

L&T sells its electrical & automation business to Schneider Electric for ₹1,400 crore to streamline operations. #divestiture #strategy

Jul 1, 2022 CE

S.N. Subrahmanyan Becomes CEO & MD

S.N. Subrahmanyan takes over as CEO and Managing Director from A.M. Naik, ushering in a new generation of leadership. #leadership #succession

Sep 1, 2023 CE

L&T Wins Contract for Mumbai Coastal Road

L&T wins a ₹10,000 crore contract to construct a key section of the Mumbai Coastal Road, India's largest urban infrastructure project. #infrastructure #Mumbai

Feb 1, 2024 CE

L&T's Market Cap Surpasses ₹5 Lakh Crore

L&T's market capitalization crosses ₹5 lakh crore (US$60 billion), reflecting its strong financial performance and investor confidence. #financials #marketcap

Jan 1, 2025 CE

L&T Wins First High-Speed Rail Contract

L&T secures a contract for the Mumbai-Ahmedabad High-Speed Rail (bullet train) project, entering the high-speed rail segment. #rail #highspeed

L&T Wins First High-Speed Rail Contract
L&T Wins First High-Speed Rail Contract
By Pechristener - Screen shot of OSM, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=105823789
Mar 1, 2025 CE

L&T Wins GCC Metro Rail Contract Worth $1.5 Billion

L&T wins a major metro rail contract in the Gulf Cooperation Council (GCC) region, strengthening its international footprint. #metro #international