Updated June 3, 2023
L&T- Larsen & Toubro Limited
With more than 80 years in EPC (engineering, procurement, and construction) projects and high-technology manufacturing, L&T serves in more than 50 countries. The multinational company is dedicated to working for high-impact sectors of the economy with a record of quality service.
L&T considers sustainability in its long-term projects for sustainable growth and development. Larsen & Toubro Limited has extended its footprint in eight countries apart from India, with its international workspace and supply chain network operation all across the globe.
This article will highlight the full form of L&T, its vision, penetration of technology, sustainability agendas, and the awards received and recognition.
The Vision
No great empire ever existed without a more excellent vision. L&T values teamwork and beliefs in satisfying every customer with its service. It fosters care and works towards achieving goals that cater to its stakeholders and society.
It aims to attain a benchmark in quality of service and manufacturing with the core value of trust and growing with an empowered team of employees. One can learn more about the company by understanding the full form of L&T and its vision.
How L&T Utilizes Technology?
- L&T has a wide range of businesses and operates in various industries. It excels in every industry with which it collaborates without sacrificing output quality or process sustainability. The businesses it works in include construction, hydrocarbon, minerals and metals, power, defense, defense shipbuilding, metro rail, and realty, to name a few.
- Over the years, the transformation of L&T towards digitalization and involving technology is a leap in making the growth more accessible and environment-friendly. It utilizes the latest technology and innovation in various industries of operation.
- The technologies utilized by Larsen & Toubro Limited have widened its digital vision and helped meet the desired output. The technology used is:-
#1 Augmented Reality and Virtual Reality
Safety is the top priority of L&T for its workforce, and therefore, it pledges to provide training to its employees. The film was developed by L&T using emerging AR and VR to facilitate safe work practices for employees at various sites.
Also, it has developed bar codes to use in full-body harnesses to ensure each life is saved and to keep a periodic record. To ensure safety compliance at all project sites, a Safety App maintains real-time data and rectifies any safety loopholes at the earliest to avoid fatal accidents.
#2 Geospatial Technology
Geospatial technology is a technique that uses satellites to survey the land, topography, and population of an area and other information which might be helpful before starting any project. It eliminates human error by providing accurate and real-time information using GPS and LiDAR.
This technology also senses what lies within the earth, which helps extract metals and refineries. It cuts the cost of production, is environment-friendly, and is an easy solution to rigorous traditional surveys.
#3 Internet of Things
At project sites where ample machines are at work, a system that helps all the machines communicate and operate with commands is essential. It increases productivity, and overall business scales up. Letting machines talk is crucial in realizing goals and achieving digitalization success.
The generation of the internet of things has widened the scope of production and manufacturing.
Sustainability Agenda
Sustainability is part of L&Ts work culture, vision, and business strategy. The sustainability agenda has multiple pillars which consider every area of business development. L&T adheres to water and carbon neutrality in agreement with India’s SDG goals and INDCs.
It aims to be the forerunner and secure carbon neutrality by the end of 2040. It actively participates in climate stewardship, green portfolio, supply chain, and health workforce.
The pillars of the sustainability agenda are:
- Materiality Assessment
- Environment Protection
- Climate Leadership
- Green Finance
- Circular Economy
- Corporate Social Responsibility
- Responsible Supply Chain
- Climate leadership
- Green Businesses
Awards and Recognition
The bulwark in construction, engineering, and procurement L&T has received many awards. It is not just any other construction company but a recognized one with footprints in more than 50 nations.
The awards and recognition of Larsen & Toubro Limited in corporate, individual, and sustainability are:
- FICCI Quality Awards for 3 Businesses (2022)
- Top 10 among LinkedIn 25 best workplaces in India (2022)
- CEO MR S.N. Subrahmanyan receives best CEO award for infra & engineering
- Ranked 3rd in ENR’s ‘Top 200 Environmental Firms’ list
- Platinum rating- IGBC Green Campus Certification
Conclusion
L&T is the top company in India known for its infrastructure development, engineering, and manufacturing. The company is crucial in heavy industry, infrastructure, and defense sectors. Over the years, the company’s contributions have increased many folds and accelerated India’s growth rate. L&T utilizes the latest technology to make work seamless for its workforce and increase productivity. The article covers the full form of L&T, vision, sustainability goals, and received awards.
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