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L&T Constructions
Source Name: L&T Constructions

L&T acquires Ramboll’s Stake in L&T-Ramboll Consulting Engineers Limited

Sep 09, 2014   12:47 IST 
Mumbai, Maharashtra, India

Larsen & Toubro Limited, in a strategic move to strengthen its design base in the Infrastructure space, has acquired 50% of the stake in L&T-Ramboll Consulting Engineers Limited (LTR) hitherto held by Ramboll Denmark AS.  With this acquisition, LTR now becomes a wholly owned subsidiary of L&T.  

The company will continue to offer single point ‘concept to commissioning’ consultancy services for infrastructure projects like airports, roads, bridges, ports and maritime structure including environment, transport planning and other  related  services.

LTR was incorporated in 1998 with L&T contributing 50% of the authorized and paid-up capital. Ramboll Denmark AS and Industrialization Fund for Developing Countries (IFU) contributed 26% and 24% respectively. Ramboll Denmark AS had purchased IFU’s 24% stake in 2004.

LTR has approximately 250 engineers on board, with registered office in Chennai, and  regional offices in Hyderabad, Delhi and Mumbai.

Post-acquisition, the company is proposed to be renamed ’L&T Infrastructure Engineering Limited’

Mr. S. N. Subrahmanyan, Member of the Board and Senior Executive Vice President (Infrastructure and Construction) said “This acquisition is a significant move to strengthen our EPC offering in the infrastructure sector. With a track of successful projects and international exposure, L&T Infrastructure Engineering will be providing engineering services for infrastructure projects”

Background:

Larsen & Toubro is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.


 
 
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