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For Larsen & Toubro. Toubro.Analyse the agility of the organisation to adjust to future workforce demands and the expansion of AI, considering areas of enhancement.
For Larsen & Toubro. Toubro.Analyse the agility of the organisation to adjust to future workforce demands and the expansion of AI, considering areas of enhancement. (with In-text citations and reference Australian Harvard style)
Assessment Case - Business Profile Summary Only basic information is presented in this document. You are expected to conduct significant further research on the organisation for your assessments. The same company is the relevant case study for both the courses. Larsen & Toubro (L&T) Basic Information Incorporation year 1946 Larsen & Toubro (L&T) is an Indian Headquarters Mumbai, India multinational engaged in EPC Projects, Hi- Area Served Worldwide Tech Manufacturing and services having their Type Public Limited markets in more than 50 countries across the globe. Henning Holck Larsen Founders . Soren Kristian Toubro The strength and success of L&T lie in the Real Estate strong, customer-focused approach and the Technology constant quest for top-class quality and has Divisions Engineering enabled L&T to attain and sustain leadership in Construction its major lines of business for over eighty years. Manufacturing The Company's manufacturing footprint Employee count ~3,50,000 extends across eight countries in addition to India. L&T has several international offices and Revenue ~USD 21 billion (2020) a supply chain that extends worldwide. (L&T | Corporate | About it group)Vision and Mission "L&T shall be a professionally managed Indian multinational, committed to total customer satisfaction and enhancing shareholder value. L&T-ites shall be innovative, entrepreneurial and empowered teams constantly creating value, and attaining global benchmarks. L&T shall foster a culture of caring, trust and continuous learning while meeting expectations of employees, stakeholders and society " (L&T | Corporate | About it group | Vision) Company Journey 1964- Larsen & Toubro Ltd was incorporated this year as a private limited company. . 1950- With a capital of INR 2 million, the company became a Public Company. 2006- The company amalgamated two of their own folds the L&T Power Investments Pvt Ltd (LTPL) amalgamated with India Infrastructure Developers Lid (IIDL) 2007- A tie-up was made between L&T with Japan's Toshiba Corporation and Mitsubishi Heavy Industries for setting up manufacturing facilities for turbines and boilers in coal-fired power generation plant 2010- L&T signed an MOU for cooperation to effectively address the projected need for light water reactors in India and internationally with Rolls-Royce. In June 2010 the company secured orders aggregating INR 747 crore from various customers like Coal India, Indiabulls Power Lid and Hindalco Industries Ltd. In July 2010, the company won an offshore rig refurbishment contract from Oil and Natural Gas Corporation (ONGC) valued at INR 376 crore. 2011- In August 2011 the company bagged international orders valued at USD 889 million in the hydrocarbon sector from Abu Dhabi Gas Industries Limited (GASCO) for its Habshan-Ruwais-Shuweihat (521/48' dia) Gas Pipeline Project valued at around USD 189 million and the other order from ADMA-OPCO valued at USD 450 million.2012- L&T led Joint Venture bags the INR 1252 Cr Delhi Metro Contract. L&T bags INR 781 crore contract from ONGC. 2016- L&T announced that it has achieved synchronisation of the first 660 MW supercritical unit (Unit-5) of the 2x660 MW supercritical thermal power project at Chhabra in Rajasthan. (Business Standard | Company | Larsen and Toubro) 2017-L&T bags a project from Pune Municipal Corporation to convert Pune into a smart city as a part of the Government of India's Smart City Mission. 2020- The Company has issued Commercial Papers amounting to INR 4845 Crore during the FY 2019-20. As of 31 March 2020 the gross property plant and equipment investment property and other intangible assets including leased assets stood at INR 13559.73 crore and the net property plant and equipment investment property and other intangible assets including leased assets at INR 8637.58 crore. (Source: Business Standard | Company | Larsen and Toubro) Current Company Scenarios and Challenges The business of L&T is spread across 50 countries with their presence in the following industries: Heavy Civil Infrastructure . The Heavy Civil Infrastructure vertical of L&T Construction undertakes design, engineering and construction of projects in several segments that are critical to the economy. The business' in-house design strengths and unique construction methodology cells provide competent concept-to-commissioning solutions to meet the complex requirements of its customers. Present in countries like India, Bhutan, Bangladesh, Qatar and Saudi Arabia, as of FY 2020, L&T is working on 3 commissioned projects on Delhi metro, Doha metro and Medigadda barrage and having 5 new orders.Building and Factories . This business vertical is an industry leader in its space in India and in targeted markets overseas. Present in countries like India, Sri Lanka, Mauritius and GCC, as of FY 2020, L&T has 22 new projects Transportation Infrastructure . L&T's Transportation Infrastructure vertical is one of the oldest, largest and most reputed contractors in India for EPC construction of Infrastructure projects in the Roads, Railways & Airports sector under two Strategic Business Groups (SBGs) Roads Runways & Elevated Corridors (RREC) and Railways Business Group (RBG) Present in countries like India, Bangladesh, Mauritius and GCC, as of FY 2020, L&T has 12 commissioned projects and 7 new projects Technology Services . L&T Technology Services Limited (LTTS) is a leading global pure-play Engineering Research & Development (ER& D) services company. It offers design and development solutions throughout the product development chain and provides services and solutions in the areas of mechanical and manufacturing engineering, embedded systems, engineering analytics and plant engineering. It is present in 18 countries having 43 offices. The current scenario of the company looks somewhat like the following: . L&T bags solar project worth INR 7,000 crore in Saudi Arabia Mindtree to acquire L&T's NXT Digital Business for INR 198 crore L&T sells hydroelectric power project to Renew Power for INR 985 crore References:Larsenandtoubro.com, 2021,L&T | Corporate | About it group [online] . (Link) Business-standard.com, 2021.Business Standard | Company | Larsen and Toubro [online] .(Link) Larsenandtoubro.com, 2021, L&T | Annual Review [online] . (Link) Thehindubusinessline.com, 2021, Businessline | L&T [online] . (Link) This is initial support information for the assessments. It is expected that you will source additional informationStep by Step Solution
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