Full Form of L&T:
Larsen & Toubro
L&T Full Form is Larsen & Toubro. L&T is basically a global conglomerate of India. The headquarters of this company is in Mumbai, situated in India. L&T was established by Danish engineers, who had taken refuge in India, along with a financial partner of India. The business interest of the company includes financial services, manufacturing goods, engineering, information technology and construction. This company has its office in the Middle East and in certain parts of Asia also. L&T is the largest construction and engineering company of India. It was described as a bellwether of the construction and engineering sector of India by the NDTV in the year 2013.
It was awarded the Company of the Year award in the year 2010 by the Economic Times. A joint venture has been formed by L&T with the SapuraCrest Petroleum of Berhad, in Malaysia, in order to provide services to the industry of offshore construction. LTS 3000 will be owned as well as operated by this joint venture. LTS 3000 is a crane vessel used for pipe laying and heavy lifting. Another operating division of L&T is the L&T Power. An organization has been set by this division whose main focus is on the projects that are based on nuclear power, gas and coal.
Two joined ventures have been formed by L&T with Mitsubishi Heavy Industries of Japan for manufacturing steam turbine generators and super critical boilers. L&T is one of the world’s largest fabrication companies. It owns a shipyard that has the capability of constructing one hundred and fifty meter long vessels. These vessels have the displacement of twenty thousand tons. This shipyard is situated at Hazira, in Gujarat. The shipyard helps in constructing submarines, chemical tankers, heavy-lift ships, paramilitary and defence vessels, and CNG carriers.