NNVOct Dec2013 Web

CONTENTS
Editor:
D. Morada
Editorial Team:
Jairam N. Menon
Lawrence Mohan
Rajendra Chaudhary
Marianne Nazareth
Sukhi Shivaraman
Designer:
Jayanta Behera
Photographer:
Tushar Thakur
Nirav Dave
Sushil V. Shinde
A Record of Service...
And Splendid Recognition
Tapping the Treasure Chest
Beneath the Ocean Bed
L&Ts Rajpura Thermal Power
Plant Goes on Stream
Interview with Mr. Shrikant
Joshi, Chief Executive,
L&T Realty
- Milestone Moments
- Happennings
- Developments
3-11
12
27-32
25-26
COVER STORY
INAUGURATION
MAIN FEATURE
LETS MEET
GALLERY
13-19
F
or setting up highest standards for
Corporate Social Responsibility,
on December 07, 2013, L&T was
rewarded with the prestigious Economic
Times Corporate Citizen Award for the
year 2013.
At a high-prole event that witnessed
a rare coming together of the countrys
top business leaders, Finance Minister,
Mr. P. Chidambaram, presented Mr. A.M.
Naik, Group Executive Chairman, L&T,
with the award.
Instituted by the Economic Times (ET),
the Corporate Citizen Award is part of the
highly coveted annual bouquet of Awards
for Corporate Excellence presented by
the newspaper.
Accepting the award, Mr. Naik said, As
a concept, CSR is ingrained in our DNA
and has been part of our value system
long before it became largely realised to
do so. There is no short cut. The only way
A Record of Service...
And Splendid Recognition
COVER STORY
Mr. A.M. Naik with the Economic Times Corporate Citizen Award.
CSR - or Corporate Social
Responsibility - is increasingly
gaining centrestage in public
discourse. The media talks
about it, international bodies
have set up tools to measure
it and governments have
begun to enquire about
expenditures and outlays.
How appropriate then, that
just when the subject is fully
in the spotlight, L&T wins one
of the most coveted awards in
the CSR space!
News & Views, October-December 2013 3
growth is sustainable is when growth
is inclusive.
The awards jury cited L&Ts steadfast
commitment to CSR over the years. It
said that over 700,000 people among
the marginalised sections of the society
are beneficiaries of L&Ts on-going
interventions in education, skill building,
and mother & child care.
Some of the biggest and most respected
names from Corporate India constituted
the awards jury including: Kumar
Mangalam Birla, Chairman of Aditya
Birla Group; K.V. Kamath, Chairman
of ICICI Bank; Harish Manwani, Chief
Operating Ofcer of Unilever Plc; Aditya
Puri, Managing Director of HDFC Bank;
Nandan Nilekani, Chairman of the Unique
Identication Authority of India; Mallika
Srinivasan, Chairman and Chief Executive
of Tafe; Shailendra Singh, Managing
Director of Sequoia Capital; and Anshu
Jain, Co-CEO of Deutsche Bank.
Headed by Anshu Jain, the jury
identified governance as the over-
arching theme for the awards this
year and emphasised on the need to
implement stronger, more foolproof
mechanisms of corporate governance
across organisations. In selecting winners
for this years awards, it also factored in
elements such as sustainable business
models, successful globalisation, long-
term vision, growth, innovation and the
COVER STORY
The new railway construction training facility at CSTI, Kancheepuram.
Construction skills training institutes (as the one featured above) form a key element of
L&Ts sustainability program.
4 News & Views, October-December 2013
COVER STORY
ability to generate consistent cash ow.
The Corporate Citizen category in
which L&T won, witnessed a hearty
discussion on whether companies that
had incorporated sustainability into their
business model should be rewarded as
against companies that simply donated
money to build schools and hospitals.
Historically in developing economies
like India, organisations have often
deemed the broader community (of
which they are a part) and the issues
therein outside the scope of their business.
Even today, barring an extremely small
number, most companies in India neither
take into account their full impact on
society and environment nor do they
assume responsibilities that go beyond
plain commerce.
L&T belongs to a small minority
which believes in creating shared
value. A champion of the cause since its
earliest days, the Company has in place
corporate policies and practices that while
enhancing its competitiveness, also look
to advance the socio-economic realities of
the communities surrounding it.
L&Ts social responsiveness long
predates the entry of terms like CSR into
the corporate lexicon. The Company has
always believed in growth that is inclusive
and as a result reached out to assist
the communities in which it operates.
Whereas for others sustainability might
Childrens education forms a key part of L&Ts CSR agenda.
Mr. K. Venkataramanan, CEO & Managing Director, handing over the key of the Science Van as part of science education program for the community.
COVER STORY
have been be an aferthought, for Larsen
& Toubro it has always been a part of the
collective character.
The Company invests in the growth
of communities around its campuses
through various social initiatives. Some
of the main thrust areas for L&T in the
recent years have been education, mother
& child healthcare, and skill building.
Its social interventions in education
are focused on providing primary
education, infrastructure development
and enhancing the learning experience
for children in schools in the vicinity of its
units across India. As part of its eforts, L&T
has also extended support to pre-schools,
assisted in infrastructure development,
and set up computer labs and libraries
as well as provided teaching-aids and
uniforms to the needy.
In terms of caring for the health of
young mothers and their children the
company has set up health centres with a
focus on reproductive health, conducted
diagnostic and clinical health camps that
support maternal and child health care,
immunisation and health education.
L&T is one of the few construction
organisations in India with dedicated
skill training institutes which ofer the
prospect of subsequent employment with
contractors at the Companys project sites.
It provides formal vocational training in
construction for the largely unorganised
workforce in this sector through
Construction Skills Training Institute
(CSTI). Besides, it has also introduced
vocational training programmes in
tailoring, beautician skills, home nursing
and food processing for women as such
training helps build self-reliance among
the marginalised.
An employee volunteering initiative,
also known as L&T-eering, has been
institutionalised as a company-wide
movement driven solely by the passion
to serve communities. This is further
aided by diferent chapters of L&Ts Ladies
Clubs, led by the spouses of Company
employees across various locations.
These Ladies Clubs pool their skills and
resources in the spirit of service to work
towards the development of communities.
The Larsen & Toubro Public Charitable
Trust (LTPCT) committed to the inclusive
growth of society through interventions
in education, vocational training, health
care and water management adds yet
another dimension to the community
service eforts of the Company.
Caring for the environment is
integral to L&Ts CSR agenda and the
Green Philosophy acts a compass for
the Companys future sustainability
roadmap. Some of the more visible
examples of this are seen across its
construction businesses where L&T
now lays a great deal of emphasis on
eco-friendly construction. L&T has built
more certied green buildings than any
other company. Its ambitious Metro Rail
project in Hyderabad is expected to help
make the city green, reduce automobile
trafc, save fuel and arrest greenhouse
gas emissions. In Mumbai, L&Ts mono
rail project is expected to deliver similar
results when operational.
In the last few years, L&T has taken
the lead in building solar PV power plants
and providing solutions for desalination,
wastewater re-cycling and re-use for
wastewater treatment. Its Hydrocarbon
business has a long track record of EPC
execution of projects for fuel switch,
dehydrogenation and desulphurisation
for fertiliser manufacturers and reneries.
Another example of L&Ts concern for
Eager, young minds are lead through the wonders of science.
COVER STORY
Tailoring classes for underprivileged women help them achieve nancial independence.
environment can be seen in its Power
Business where it ofers the supercritical
solution. Supercritical thermal power
plants use steam in a way that improves
the turbine cycle heat rate which reduces
carbon dioxide emissions as well as other
lifecycle costs such as land and water.
L&Ts focus on sustainability can also
be seen across its Heavy Engineering
Business where under a technical tie-up
with Shell, the Company manufactures
and supplies equipment that helps to
derive gas from coal. This is one of the
many ways in which L&T is helping reduce
dependency on a single, increasingly
nite fuel source. Besides, a range of
products in the Companys electrical &
automation portfolio is helping industries
and domestic consumers at home and
commercial complexes increase the levels
of energy efciency.
The Company has aligned itself with
several National Action Plan Missions
as part of its CSR and Sustainability
efforts. These include a considerable
amount of work in areas such as Solar
Energy, Creating Sustainable Habitats,
Water Conservation, Adoption of Green
Methodologies, Sustainable Agriculture,
Sustaining the Himalayan Ecosystem, &
Strategic Knowledge for Climate Change.
L&T is the first engineering &
construction company in India to
report on its Corporate Sustainability
performance, and among the earliest
to state its conformance with the eight
missions announced by the Prime
Spouses of L&T employees are the driving force in the community development activities by
Ladies Clubs.
Minister of India in the National Action
Plan on Climate Change (NAPCC).
At the core of L&Ts continued push
towards CSR lies a set of principles which
serve as both guide as well as inspiration
for the Company to play a more vital
role in serving the communities and
the environment. If funding initiatives
which contribute to social welfare and
community development is considered
a measure of CSR, then by that count
during 2012-13, L&T contributed as much
as Rs. 73.04 crore towards causes in four
focus areas i.e. education, skill-building,
healthcare and environment. However, to
dene L&Ts CSR mission with stats such
as this would be unfair. CSR at L&T is
neither driven by an economic necessity
nor a forced-upon mandate. Rather it is
driven by an evolved ideology of creating
shared value, an inherent sense of moral
responsibility and a culture of giving back
to the community. Afer all, we believe
that businesses rather than charities can
be more efective in addressing many
of the pressing issues facing our society.
On-going interventions in mother and child health by L&T have beneted wide cross-section
of the community.
A Tale of Two CSRs
A
bbreviations are always tricky
in communications. By FM
you could be referring to the
Finance Minister, while the audience
thinks you are talking about radio. IR
could stand for Industrial Relations
or relations with the body of investors,
and KG is a unit of weight as much as
the class where we all began the long
march of education. But perhaps no
short form in recent times has triggered
as many waves of misunderstanding
and confusion as CSR. Everyone
agrees on the C - thats Corporate for
sure. It is what follows that has had led
to varying interpretations.
We are not authorities on either
subject, but from what we have
gathered from the experts (our CSR
Dept. at Powai), here is a dollop of
gyan. CSR could be Corporate Social
Responsibility. Covering all that an
organisation does for the community,
it includes our various Health Centres,
the assistance we provide to schools, our
skills-training institutes, etc. The same
three letters are also taken to mean
Corporate Sustainability Reporting.
This means reporting on everything
that an organisation does to ensure its
sustainability or continued existence.
The denitions get a little clouded
here because of an overlap. Correctly
interpreted, Sustainability encompasses
social aspects within its fold. It forms
one side of the sustainability triangle
- the other two being Environment
and Business Protability. That is
because the gurus who rst conceived
Sustainability realised that no
organisation can hope to thrive in the
long term if it has an unsupportive and
hostile community around it (the Naxal
issue bedeviling some districts in India
is a reminder to all of us that progress
needs to be inclusive).
This tale of the two CSRs wont be
complete without the postscript that
whichever way you interpret it, L&T
has an excellent score card in both.
We had reached out to society decades
ago and across the decades have built
a reputation for fair business dealings.
As for Sustainability, we were the
rst company in the engineering &
construction space in India to report on
our performance.
COVER STORY
Caring Company Award: The World
CSR Congress presented L&T with
the Caring Company Award for its
sustained initiatives in reaching out to
the underprivileged.
Top 5 Best Companies to Work For:
The annual Business Today-
PeopleStrong Survey ranked L&T
among the Top 5 Companies to Work
For, and the rst in the Engineering &
Automotive sector. It was also ranked
among Indias Top 10 Most Attractive
Employers in a survey conducted by
Randstad, the leading career advisory
services rm.
CII-ITC Corporate Governance and
Sustainability Award: L&T Heavy
Engineering was conferred with the
prestigious CII-ITC Sustainability
Award for its sustainability policies and
processes at its Hazira Manufacturing
Complex.
British Safety Council Award: L&T
Powers Rajpura project, Dhuvaran
project and L&T MHI Turbine Generators
factory got the British Safety Councils
Sword of Honour which is one of the
most coveted awards in health and
safety eld worldwide.
Sustainability Vision Award 2013:
The Indian Chamber of Commerce
(ICC) awarded L&T with the Corporate
Governance and Sustainability Vision
Award 2013 in the Water Stewardship
category.
NDTV Prot Business Leadership
Award: L&T won the prestigious NDTV
Prot Business Leadership Award in
the Infrastructure category. The awards
recognise business leaders whose
relentless pursuit of excellence has
fuelled Indias journey to the forefront
of the world economy.
L&T 4th Greenest Industrial
Companies Globally: Newsweek,
a global magazine ranked L&T 4th
on the list of 500 Greenest Industrial
Companies across the globe for its green
initiatives and eco-conciousness.
L&T Ranks High in International
Emission Disclosure Rankings: L&T
has been ranked rst in the industrial
category in India and second in the
same category among BRICS (Brazil,
Russia, India, China and South Africa)
countries in a study conducted by
Environment Investment Organization
(EIO), a UK-based organisation.
Among Top 10 Global Innovative
Companies: The leading Forbes
magazine ranked L&T as the 9 most
innovative company in a global study -
ahead of companies like Google. L&T is
the only Indian company to feature in
the top ten list.
Among Top 10 in Carbon Disclosure
Leadership Index: Carbon Disclosure
Project (CDP) ranked L&T among
the Top 10 companies in its annual
assessment of Greenhouse Gas (GHG)
emissions and climate change strategies
of Indian companies.
Safety Innovation Award: The
Delhi State Centre of the Institution
of Engineers (India) conferred the
prestigious Safety Innovation Award
- 2012 on L&T Heavy Engineering in
recognition for its high Occupational
Health, Safety & Environment standards.
L&Ts Solar Lantern Wins National
Good Design Award: D.VA, the solar
lantern conceived by L&T won the India
Design Mark Award (IMark) by the
India Design Council.
Education has been one of thrust areas of L&Ts social initiatives.
Awards & Recognition in the
Sustainability Space
COVER STORY
Messages from the Leadership Team
COVER STORY
Our goal is to be a technology-driven organisation by moving up the value
chain and by growing in business on a sustainable basis. Sustainability
is embedded in our business strategy. Our core values transparency,
accountability and ethical corporate citizenship - help us create a larger
societal capital. Over the years it has been our constant effort to deliver on
stakeholders expectations in an equitable way while proactively addressing
environmental risks.
Our commitment to sustainability is reected in our drive to reduce use
of paper and plastics, enhance green cover and sourcing renewable
energy through wind farms. This year we continued with multiple change
initiatives under ECAS (Enterprise-wide Collaboration for Alignment
with Strategy), Employee Engagement, TOC (Theory of Constraints) and
Innovation to make our businesses globally competitive.
We lay great emphasis on conservation of natural resources. Signicant
progress has been achieved in energy and water conservation, renewable
energy and carbon footprint reduction at our campuses and project sites.
We shall continue to move further in our effort to make sustainability, an
integral part of our businesses.
K. Venkataramanan
CEO & Managing Director
M.V. Kotwal
Whole-time Director & President (Heavy Engineering)
S.N. Subrahmanyan
Whole-time Director & Sr. EVP (Infrastructure & Construction)
(Excerpted from L&Ts Corporate Sustainability Report 2013)
COVER STORY
One feature that distinguishes us from organisations with much shorter
life cycles is the core belief of L&T and its employees in making
sustainability a way of life. The expression of such belief is reected in the
sustainable practices across all our businesses and our enduring values.
These have enabled us to pursue business opportunities steadfastly
through varied business cycles, minimise the inherent risks and maximise
stakeholder value in the most responsible manner.
The strong values that drive L&Ts corporate governance amply support
the Companys sustainable business practices. Added to these are our
vibrant human capital and a deep commitment to inclusive growth. We
will always strive to ensure that L&Ts way of doing business adds value for
its stakeholders.
Innovation is the key to successfully discerning the big growth
opportunities within challenges. We foster a culture of innovation which
helps us introduce products and solutions that address challenges like
resource scarcity, energy efciency and climate change. Automation and
smart manufacturing are not only helping us become more cost-efcient,
they are also making us more eco-efcient by optimising our energy
consumption and reducing our carbon footprint.
R. Shankar Raman
Whole-time Director & Chief Financial Ofcer
S.N. Roy
Whole-time Director & Sr. EVP (Corporate Affairs & Power)
S.C. Bhargava
Sr. Vice President (Electrical & Automation)
T
he plant, located near Nalash
village in Patiala District of
Punjab, is the rst major coal-
red power plant to be owned and
operated by L&T through a Special
Purpose Vehicle Nabha Power Limited.
Coal supply for the Rajpura power
plant has been secured through a fuel
supply agreement with South Eastern
Coalelds. The power generated at the
plant will be supplied to the state.
In addition to the supercritical
boiler and turbine generator, L&T also
supplied balance of plant equipment,
electrostatic precipitators, coal and
ash handling plants, chimney, cooling
tower, control & automation equipment
and switchyard.
Speaking on the occasion, Mr.
Shailendra Roy said, We are proud to
have completed the project on schedule.
With this launch, we have demonstrated
our capability of constructing a large
supercritical power plant. L&T Power has
projects totaling 11000 MW currently
under implementation on EPC basis for
diferent customers in various parts of
the country.
INAUGURATION
L&Ts Rajpura Thermal Power Plant
Goes on Stream
A panoramic view of the Rajpura power plant.
Punjab Chief Minister, Mr. Parkash Singh Badal, unveils a plaque commemorating the
inauguration of the power plant.
The rst unit of the 2x700
MW supercritical Rajpura
Thermal Power Plant of L&T
was inaugurated on December
08, 2013, by Punjab Chief
Minister, Mr. Parkash Singh
Badal, at a function attended
by Dy. Chief Minister,
Mr. Sukhbir Singh Badal,
prominent state leaders, senior
ofcials and Mr. Shailendra
Roy, Whole-time Director &
Sr. EVP (Corporate Affairs &
Power), L&T.
Tapping the Treasure Chest
Beneath the Ocean Bed
Global Play
In the last few years, this strategic business
group of L&T Hydrocarbon has greatly
expanded its global reach. Encouraged
by the recent spurt in E&P activities, it
has shifed focus to markets witnessing
the most action. In the Middle East and
North Africa (MENA) region, it now ofers
EPC services for xed ofshore platforms,
sub-sea pipelines and brownfield
modifications for oil companies. Its
dedicated ofces at Abu Dhabi and Al-
Khobar address client requirements for
projects in GCC, Iraq, East & North Africa
and the Caspian Sea.
In the other regions, viz., South East
Asia, Australia, North Sea and West Africa,
L&T Hydrocarbon ofers EPC services for
xed platform and modular LNG projects.
It has demonstrated its capabilities in the
South East Asian market through a couple
of breakthrough orders with the regions
leading E&P companies.
Pictures are expected to say a thousand words. But this one from Sohar sets a new benchmark - it says it all. Sohars portfolio: rig, topside and
jacket are on display.
Oil and gas. They can fuel economies, galvanise growth and tilt the equilibrium of power around
the world. L&T Hydrocarbon is playing a critical role in helping global Exploration & Production
(E&P) majors extract and process these precious uids. In this article we turn the spotlight on the
Upstream segment of L&T Hydrocarbon.
MAIN FEATURE
Ofshore Projects in these regions are
ably supported by L&Ts state-of-the-art
modular fabrication facility at Sohar,
Oman, which has all-weather load-out
facilities for structures weighing 20,000
MT and more, and a modular fabrication
facility at Kattupalli, India, which ofers
logistical advantages to the South East
Asian and Australian markets for load-
outs of similar size.
The company is pre-qualified for
ofshore projects with oil companies in
the MENA region, such as Abu Dhabi
Marine Operating Company (ADMA-
OPCO), Saudi Aramco, Khafji Joint
Operations (KJO), Qatar Petroleum,
Zakum Development Company (ZADCO),
Maersk Oil Qatar (MOQ), TOTAL-ABK,
Bunduq, Dragon Oil, PETRONAS Carigali
Turkmenistan Bhd (PCTSB) and Mellitah
Oil & Gas Libya.
In the other regions, the Company is
approved / pre-qualied by E&P majors
such as Shell, ExxonMobil, Chevron,
ConocoPhillips, TOTAL, PETRONAS,
PTTEP, Apache, Eni, and is also included
under Achilles Joint Qualication System
and FPAL as an EPC contractor to the oil
& gas industry in the North Sea.
Floating Systems
L&Ts Floating Systems Business Unit
(FSBU) ofers a single-point solution for
oating systems like ofshore drilling
rigs, FPSOs and semi-submersibles.
Integrating L&Ts extensive engineering
resources at Bengaluru, Faridabad, and
Chennai for design & detail engineering,
and the expertise developed over the
past two decades by executing mega
ofshore projects, the BU is capable of
constructing modern jack-up rigs and
semi-submersibles on turnkey basis, and
manufacture and integrate topsides for
FPSOs and future FLNGs at its Oman and
Kattupalli Yard facilities.
L&Ts work centres at Mumbai and
Abu Dhabi undertake complete project
management, procurement, QA / HSE
and the coordination necessary for
such projects, including transportation,
installation and commissioning.
Subsea Systems
L&Ts Subsea Systems Business can
undertake a range of turnkey solutions
for deepwater exploration and production
in collaboration with leading service
providers in this segment.
L&Ts rich experience of executing
challenging ofshore oil & gas projects for
national and international oil companies
provides the ideal platform to develop
indigenous capabilities in deepwater
eld development projects. In addition
to leveraging its competencies in project
management, precision manufacturing,
L&Ts load-out facility at Hazira in India.
MAIN FEATURE
installation and commissioning of
large and complex ofshore facilities,
L&T has entered into partnerships with
key technology providers of deepwater
engineering and installation services.
L&Ts offerings comprise concept
studies, FEED, detailed engineering,
procurement , i nst al l at i on and
commissioning. Additionally, L&T
has made substantial investments in
engineering and EPIC of subsea production
systems for deepwater installation, testing
and commissioning through technical
collaboration and partnerships with
proven players in the arena. The Company
is Indias rst engineering & construction
company to invest in OLGA Version 6,
a specialised ow assurance sofware.
Similar initiatives, coupled with the
services of L&T-Valdel, enable L&T to ofer
engineering services across the entire
spectrum of subsea development and
the value chain.
Modular Fabrication
Facilities
The capability to carry out modular
fabrication complements L&Ts broad
range of oferings for the hydrocarbon
upstream sector. L&T has three modular
fabrication facilities - each strategically
selected for proximity to major oil & gas
elds and allied maritime infrastructure.
Located on the Tapti river at Hazira near
Surat, L&Ts Hazira Modular Fabrication
Facility (MFF) has unimpeded passage
to the Arabian Sea 8 km away. Set up
in 1988, it has set multiple benchmarks
in fabricating and loading out ofshore /
onshore oil & gas structures for ONGC and
other oil & gas majors. With an annual
fabrication capacity of 50,000 MT, L&T
MFF Hazira is capable of manufacturing
several large modules simultaneously. It
is also equipped to undertake mechanical
design of modules including structure,
piping, pressure vessels, fabrication and
construction engineering. Fabricated
modules are tested and pre-commissioned
at MFF for trouble-free rapid hook-up. L&T
MFF-Hazira holds the unique distinction
of being green banded by Shell as part
of their global pre-qualication process.
L&Ts Modular Fabrication Yard (MFY)
at Sohar, Oman is located in what is termed
as the gateway to the Gulf, in proximity
to the ports of Muscat and Dubai. The
largest facility of its kind in Oman, L&T
MFY has an all-weather captive jetty with
break water. It is geared for fabrication and
load-out of complex onshore and ofshore
modules like integrated process platforms,
well head platforms, large jackets, living
quarters modules, compressor and GTG
modules, PAU, PAR, PAM modules, jack-
up rigs & LNG modules.
L&Ts latest facility, the Modular
Fabrication Facility, Kattupalli is located
Aerial view of the mega MHN process platform and living quarters project executed by L&T for ONGC in Mumbai High North Field.
MAIN FEATURE
near Chennai along the east coast of
India. The yard is part of L&Ts sprawling
1200-acre marine complex which lies in a
Special Economic Zone that includes L&Ts
shipbuilding and ship-repair yard, deep
water port as well as a freight container
station. The spectrum of capabilities covers
ofshore platforms, oating production-
cum-storage units and products / systems.
Since tidal variation is minimal, Kattupalli
allows for year-round load-out and sail-
away. Given the size of the campus
and its location, Kattupalli is geared to
fabricate deep-water oating and modular
units. It has already been qualied by
international companies like Chevron,
Petronas, Total & others to undertake work
for their projects.
Upstream Engineering
Services
Since its inception in 2004, L&T-Valdel
Engineering Limited (LTV) has emerged
as a comprehensive engineering solutions
provider for the Upstream Oil & Gas sector.
Having executed complex engineering
assignments in the areas of Concept,
FEED, Basic & Detail Engineering, 3D
Model-based Concurrent Engineering,
Procurement Engineering and Project
Management, LTV offers customers
an unmatched value proposition by
integrating best practices with innovation.
With its ofces located at Bangalore,
Faridabad and Chennai, LTVs expertise
and capabilities in Process, Piping,
Pipelines, Structural & Naval Architecture,
Mechanical Equipment, Electrical &
Instrumentation and Project Management
enable high quality engineering solutions.
Ofshore Installation
Services
To cater to the ofshore oil & gas industry,
L&T and SapuraCrest Petroleum Berhad
(Sapura Crest) of Malaysia formed a
joint venture - L&T Sapura - to build
and operate the new generation self-
propelled heavy-lif cum pipelay vessel
- LTS 3000. The joint venture provides
high-quality services of installation of
platforms and pipelines across India, the
Middle East, South-East Asia, Australia
and the Sakhalin region.
In the short period since its inception,
LTS 3000 has installed more than 45
ofshore structures (jackets, topsides,
etc.) and 80 km of sub-sea pipelines at
various oil elds in Malaysia, India and
Myanmar for projects of Petronas, Shell,
Exxon Mobil, ONGC, PTTEPI, etc.
L&T Hydrocarbons Upstream Strategic
Business Group has emerged as a strong
contender which can ofer world-class
ofshore EPC services. Its comprehensive
capabilities and proven track record
backed by an uncompromising stance on
quality, safety, and timely delivery make
it the ideal choice for global E&P rms.
L&Ts heavy-lif cum pipelay vessel, LTS 3000, lifing a topside for installation.
MAIN FEATURE
Z
awtika Development Project, Phase
1A marked L&T Hydrocarbon
Upstreams entry into the South East
Asian ofshore market. The project was
awarded in May 2011 by PTT Exploration
and Production Public Company Ltd,
Thailand, one of the most prestigious
and respected client in the region. With
the order value at around quarter billion
US Dollars, Zawtika Development Project
Phase 1A is a giant step towards L&Ts
internationalisation plans.
The project scope included complete
engineering, procurement, fabrication,
installation, pre-commissioning and
ofshore hookup of 3 Wellhead Platforms
and laying of 21 km of intraeld sea lines.
This involved ~37,000 MT of fabrication.
The entire installation was to be completed
in a phased manner from November 2012
to April 2013.
The fast track schedule of 24 months
for the project posed a major challenge
during the various stages of project supply
chain. It required seamless coordination
between diferent project disciplines to
ensure availability of deliverables as per
preset targets.
L&T Valdel, Bengaluru, carried out the
detailed engineering for the project. Since
the eld was in high seismic zone, high
end seismic analysis had to be carried
out to ensure the integrity of structure
in earthquake conditions. Also, Rare
Intensity Earthquake analysis, involving
nonlinear mathematical modelling using
Conquering the Zawtika Challenge
The Zawtika platform in the seas of Myanmar.
Awarded to L&T by PTT Exploration and Production International (PTTEPI), Thailand, in July 2012,
the EPCIC contract for Zawtika Development Project, Phase - 1A, involved engineering and design
of three Wellhead Platforms and Intra-eld Sealines. The location: The Zawtika Block M9 Gas Field
located in the Andaman Sea off Myanmar.
MAIN FEATURE
data for 2000 years return period, had to
be carried out. The lean jackets had to be
designed to withstand deections of up to
2m at the topside in RIE conditions. Other
challenging requirements during the
design stage include Materials & Corrosion
testing of highest standards and complex
safety studies like CFD (Computational
Fluid Dynamics) explosion modelling.
To accelerate deliveries, high end
engineering was carried out using Finite
Element Analysis.
Fast track schedule, obligation of
adhering to approved vendor list,
overhang of international sanctions
on supplies to Myanmar and stringent
material testing requirements posed
major challenges in sourcing materials
in-time for the project. However, thanks
to L&Ts extensive network of suppliers
around the globe and adoption of some
innovative procurement strategies, these
challenges were overcome, ensuring that
the delivery of materials and equipment
did not constrain fabrication progress in
any way. The majority of the structural
steel was ordered from Korea. The key
topside equipment - Test Separators,
Pig Launchers, Utility Gas Scrubber,
Closed Drain Pumps, Corrosion Inhibitor
Injection Pumps, Diesel Transfer Pumps,
TEG Gas Conditioning Skids, Solar
Power Systems, Pedestal Cranes, Utility
Water Storage Tank, Wellhead Control
Panels, Portable Diesel Generators -
were purpose-designed and procured
from vendors around the globe. The
platforms are powered by new Thermo
Electric Generators (TEGs) which had to
be sourced and integrated into the design
from a vendor in Canada.
The concurrent fabrication of three
jackets, longest one being 172 m &
topsides in a record time of 13 months
with stringent governing specs was
a mammoth task to be accomplished.
This complex fabrication was carried
out at L&Ts Modular Fabrication Yard
at Sohar, Sultanate of Oman. 24 single-
piece piles with record length up to 143
m, weighing around 430 MT each, were
fabricated at L&Ts Modular Fabrication
Facility at Hazira, India. Precise planning,
engineering, synchronised teamwork and
coordination across the facilities helped
get all structures and topsides ready
ahead of schedule. The three large jackets
fabricated simultaneously were loaded
out by innovative skidding methods. More
3D model of the Zawtika Wellhead Platform.
ZWP1 Jacket being towed to Myanmar waters.
MAIN FEATURE
Transportation of WP3 on self propelled barge.
than half a kilometre long skid tracks were
engineered and installed at the yard on
which the three jackets were constructed
making it a rare event as very few yards
in the world would have this unique
accomplishment. Ensuring safety of 3000
workmen during the peak of the project
was a task well accomplished.
Owing to the large size of the structures
and long tows involved in the project,
detailed studies of ocean transportation
were carried out and suitable barges/tugs
were brought in and out from all over
the world. A truly imagineering idea of
using self propelled barge as against the
conventional barge & tug arrangement for
transportation of topsides reduced transit
duration considerably. The transportation
of 24 nos. single-piece skirt piles up to 143
m length was also a challenge. The 400
class at top barges had a 27 m. overhang,
requiring a special cradle arrangement.
The structures were transported over
3000 nautical miles across the Indian
Ocean, Arabian Sea and the Bay of Bengal
to the Gulf of Mottama. The proximity of
the transit to pirate infested Gulf of Aden
required deployment of armed guards to
ensure safety of the structures. Needless
to mention such long journeys required
exclusive transportation fatigue analysis
of the structures to be performed.
L&T l everaged i ts i n-house
installation capabilities to undertake the
transportation and installation campaign.
The installation of structures was carried
out by L&Ts own installation cum pipelay
vessel LTS 3000. Being one of the rst
contractors to mobilise in the virgin eld,
L&T faced numerous challenges including
hard soil conditions. The long length of
the piles required dynamic pile upending
method for installation. Managing
safety in a multilingual, multicultural
environment at ofshore, with Indian,
Thai, Indonesian, Singaporean, Malaysian,
Burmese, British and American
nationalities was another challenge of
its own. L&T achieved more than 4 Million
LTI Free Manhours.
L&T has successfully installed all the
structures in Myanmar waters as per
agreed schedule. Zawtika is yet another
feather in the hat of L&T Hydrocarbon and
a humble start to its journey of expanding
in South East Asia.
MAIN FEATURE
M
r. U. Dasgupta, Sr. VP & Head-
Hydrocarbon Upstream, and
Mr. K. Ravindranath, EVP &
Head-Hydrocarbon Mid & Downstream,
released the Sustainability Report 2013 for
L&T Hydrocarbon in Powai on December
23, 2013. The function was attended
by L&T Hydrocarbon Leadership team,
Hydrocarbon Sustainability Council
Members, and other dignitaries.
In his keynote address, Mr. Dasgupta
said that the event was a major occasion
for L&T Hydrocarbon. He appreciated the
initiative of coming up with the report in
the very rst year of the formation of L&T
Hydrocarbon Engineering. He dwelled on
Global Reporting Initiatives and stressed
on the concept of AIM which stands for
Acceptable, Impact and Materiality. In
his closing remarks, he emphasised that
business strategies should be prepared
such that they integrate sustainability
practices into business seamlessly.
Elaborating the theme of the report
Beyond Boundaries, Mr. K. Ravindranath
said that every employee should look
at contributing to the Companys
sustainability eforts. Noting that L&T
Hydrocarbon, through its Research
& Development, had contributed to
pollution free sulphuric acid plants
way back in 1980s, he said that the
sustainability initiatives carried out
within the Company and on the outside
need to be highlighted and case studies
need to be prepared in a bid to set
examples for others to follow.
Mr. P.S. Kapoor, VP & Head-F&A,
said that now is the time to adapt to
the changing legal scenarios in India
with Companys Bill 2013 coming into
force. He highlighted some of the major
implications of the Companys Bill 2013
for L&Ts businesses.
Mr. Sanjay Kothary, VP & Head-
Corporate Centre, stressed on the fact that
since oil & gas business is perceived to be
a business with a considerable impact
on the environment, there is a greater
need to understand the signicance of
social and environmental issues, besides
increasing prot and shareholder value.
It is a myth that sustainability practices
are expensive and increase cost, revealed
Mr. Sidharath Tuli, VP & Head HR. He said
that sustainability, when implemented
innovatively and judiciously, results in
lower costs. He also stressed on the need to
ensure necessary organisational resources
to comply with the requirements of the
Companys Bill.
The release was preceded by a brief
presentation on the performance of L&T
Hydrocarbon during 2012-13 by Ms.
Digantika Ghosh.
The event concluded with an address
from Mr. Jeewan Mahadik, Head-HSE &
Sustainability Coordinator. He highlighted
the key issues in sustainability for
Hydrocarbon Business and also shared
the way forward for the Company.
The event was followed by an online
tree plantation ceremony.
L&T Hydrocarbon Releases Maiden
Sustainability Report 2013
LAUNCH
Mr. U. Dasgupta & Mr. K. Ravindranath releasing L&T Hydrocarbon Sustainability Report
along with Mr. Jeewan Mahadik.
L&T Steals the Show at Excon 2013;
Puts on a Dazzling Display of Komatsu
Machinery
At Excon 2013 -- South Asias biggest Construction Equipment and Construction Technology
trade fair -- held recently in Bangalore, L&T made a splash with a remarkable display of Komatsu
machines at its pavilion. For ve days, between November 20-24, 2013, visitors ocked to L&Ts
stall to catch a glimpse of the best-in-class construction equipment and machinery from one of the
worlds leading suppliers.
Held at the Bangalore International Exhibition Centre, the seventh edition of Excon saw more than
730 exhibitors from 18 countries including Germany, Japan, Italy, Turkey, Sweden and China.
DAZZLING SHOW
L&Ts magnicent stall at EXCON 2013.
L&T Pavilion which was located in
the outdoor area no. 78 & 79 had an
imposing stall fully furnished with a
mezzanine oor and an area carved
out separately for machine display. A
viewing gallery at the mezzanine level
gave a stunning view of the show and
an exclusive theatre room set up to
showcase lms on KOMTRAX the
exclusive and user-friendly feature on
Komatsu PC210 machine that helps
customers track the machine and
monitor its performance online added
to grandeur of the pavilion.
A separate Parts Room had an array
of Komatsu Genuine Parts on display,
which customers could touch-and-feel.
Reconditioned engine and pumps re-
done at L&Ts chain of Service Centres
located across India were also showcased
at the stall.
The L&T pavilion had as many as 15
machines on show. Komatsu PC210LC
with Superlong attachment which
nds applications in irrigation and ditch
cleaning activity was the cynosure of all
eyes at the exhibition. Other hydraulic
excavators on display included Komatsu
PC210LC-HD for quarry application,
PC71/PC130 Standard and Quarry
variants, PC300LC, PC300LC-Mighty
for the marble segment and PC450
models. The quarry variants have been
developed especially with reinforced
structures, toughened undercarriage
and improved safety features. D85 Dozer
and GD555 Motor Grader were also on
display. L&T 9020 Wheel Loader, L&Ts
own product developed with in-house
technology attracted a lot of interest
from customers.
L&T provided an exclusive area in the
pavilion for Scania participation with
P410 18.8 CuM Tipper Truck on display.
L&T distributes the tipper trucks in
Indian market manufactured by Scania,
the leading truck brand from Sweden.
Scania Tipper Trucks coupled with
Komatsu PC450LC excavators, are quite
popular in the mid-mining segment
among private contractors.
Mr. J.P. Nayak, Non-Executive
Chairman of MIP IC; Mr. S. Raghavan,
Advisor to Chairman and Head-MIP;
Mr. S.R. Subramanian, Executive Vice-
President and Head-Machinery; and
Mr. Arvind K. Garg, Vice-President
& Head-Construction & Mining
Machinery Business, led the companys
participation in the exhibition and were
present at key handing over ceremonies.
Mr. S.K. Mittra, Technical Advisor to
Machinery SBG Chairman, also took
part in the event. Mr. Kiyoshi Mizuhara,
Managing Director, Komatsu India Pvt.
Ltd., and Mr. Anders Grundstromer,
Managing Director, Scania CV India Pvt.
Ltd. attended the exhibition along with
their teams.
Above: Mr. S. Raghavan handing over a memento to Mr. V. Prabhakar Reddy. Mr S.R.
Subramanian is seen at lef. Below: Mr. K. Mizuhara, MD, Komatsu, and Mr. Arvind K.Garg,
VP-CMB, L&T, handing over the symbolic key to a customer.
DAZZLING SHOW
LIMELIGHT
L&T
Construction and Mining
Machinery Business
crossed a signicant milestone recently
when it handed over its 100th L&T
9020 Wheel Loader to M/s. SRL Group,
Durgapur. The 10th such unit to be
inducted in SRLs eet, 9020 Wheel
Loader is fast becoming a favourite with
the customers.
Manufactured indigenously by L&T
at its Kansbahal Works, Orissa, the
9020 Wheel Loader is the result of L&Ts
cutting-edge technological innovation
and its unparallel in-house engineering
capabilities. Whether one talks about
its exceptional load carrying capacity,
power, speed, or productivity, L&T 9020
is miles ahead of competing products.
The Wheel Loader was conceived and
developed in-house at L&Ts Product
Development Centre - Coimbatore in
2009. Initially rolled out in 2011, the
machine was subjected to gruelling
performance trials at various job sites
as a means of testing the waters. The
feedback received from the customers
and L&Ts own teams in the eld led
to a number of product improvement
activities which rened the ofering
further. In the short time that the
machine has been in the market, it
has already carved a niche for itself
by outperforming its peers by a
considerable margin. Today, the loader
nds application in material handling
at ports, coal dumps, limestone quarries
and cement plants.
The 100th machine purchased
by SRL Group not only speaks of its
usability and but is also a manifestation
of the condence customers have in the
magnicent mechanical marvel that is
L&Ts 9020 Wheel Loader.
Prolic, Powerful, and Productive
100th L&T 9020 Wheel Loader
100th L&T 9020 Wheel Loader being handed over to the executives from SRL Group.
Wheel Loader in action at a worksite.
ON SITE
L
arsen & Toubro Heavy Engineering
LLC (L&T HE LLC) has completed
yet another landmark in the eld
of critical pressure vessel manufacturing
in Oman with the dispatch of six sets of
Steam Accumulators each made of 106
mm thick low alloy steel and weighing
260 MT. Part of a larger order of 19 sets
totalling 5000 MT, the shipment of this
critical equipment is Omans contribution
towards the construction of a large solar
power plant in South Africa.
The Steam Accumulators are high
pressure vessels being manufactured with
a critical grade of quenched and tempered
steel, the likes of which are used in the
manufacturing of critical equipment for
nuclear power plants. The company plans
to deliver all 19 sets within a record span
of just 11 months.
L&T HE LLC which won the order
against stiff global competition from
South Korean and European fabricators,
despite the vast scope of the project and
stringent delivery timeline has been able
to rise to the occasion through various
innovative techniques in the eld of
manufacturing, welding, inspection,
logistics and planning. The company
partnered with Lif & Shif EME LLC for
transportation of this heavy consignment
from the workshop to Sohar Port.
The project has come as a great boon
for Oman which in the recent years has
been looking to promote its non-oil
sector exports. It has contributed greatly
to the development of local industry and
ofered much needed experience and
exposure to a young and talented Omani
workforce, lending them valuable insights
in the areas ranging from supply chain
management to logistics to innovative
manufacturing techniques and critical
equipment inspection.
L&T HE LLC through this project has
already put Sohar on the world map as a
hub for critical equipment manufacturing
and helped promote the Made in Oman
brand aggressively in the global arena.
L&T HE LLC was established in 2008 as a
joint venture with The Zubair Corporation
of Oman and L&T. A pioneering venture
in the GCC region, the world-class plant
is equipped to manufacture critical high
technology reactors, pressure vessels,
column heat exchangers for reneries,
petrochemicals, fertiliser projects and
other process industries.
L&T Heavy Engineering - Oman
Makes South African Debut
Steam Accumulators ready to be dispatched to South Africa.
H
e has the bearings of an academic,
a professor of mathematics
perhaps. You wouldnt really
peg him as the head of a large realty
rm if you met Mr. Shrikant Joshi in a
crowd. That is until you start talking real-
estate with him. A minute or two into
the conversation and you will quickly
realise why Mr. Joshi is currently the
Chief Executive of L&T Realty and how he
is breaking new grounds (quite literally)
and helping the rm carve out a niche for
itself in the increasingly crowded real-
estate market that is India.
In the two-and-a-half years that Mr.
Joshi has been at the helm of afairs, L&T
Realty has grown rapidly with a number of
marquee projects either already launched
or fast reaching that stage.
Born and raised in Bhilai, a small town
in Chhattisgarh, Mr. Joshi could have
taken the easy way out afer earning his
B-Tech from IIT-Delhi and gone abroad
in pursuit of a well-paying job. He didnt.
Mr. Joshi gured hed make something
of himself in India than on foreign soil.
Perhaps it had something to do with his
small town values and his strong sense
of belonging here.
After IIT-Delhi, Mr. Joshi enrolled
himself for a management programme
at IIM-Ahmedabad and two years later, in
1983, landed his rst job as a management
trainee at an FMCG rm. He spent the
next thirteen years of his professional
life in a variety of roles at the company.
As his career blossomed and professional
reputation grew, over the next decade,
Mr. Joshi took on senior roles at a leading
electronics rm, an FMCG company and
an IT Services rm where among other
things he turned around the companys
loss making broadband business into a
protable entity within 24 months.
Having begun his career in FMCG and
spent a number of years in the industry,
Mr. Joshi had never expected to work in
real estate. As a career choice, it seemed
so far of that it didnt even gure on
his radar. However, all that changed in
2006 when a Dubai-based real estate
developer called on Mr. Joshi to spearhead
its joint venture foray in India. Although
he had never worked in realty, the idea
of seeing an empty piece of land being
transformed into beautifully landscaped
corners with tall, gorgeous structures hit
home and soon Mr. Joshi was baptised in
the business. A slew of projects followed
and his strong leadership skills and
business acumen coupled with his old
fashioned grit and rectitude helped the
JV gain a strong foothold in the Indian
realty market.
Mr. Joshi s reputati on grew
exponentially and ve years later, at the
People Queue Up to Buy L&T
Properties Because They Trust the
Brand- Mr. Shrikant Joshi
LETS MEET
Realty is our proverbial new
kid on the block. Like all new
kids, it is savvy, smart and
constantly on the go. L&T
Realtys Chief Executive, Mr.
Shrikant Joshi, is also always
on the move.
News & Views caught up with
the quick paced Mr. Joshi for
our Lets Meet column.
end of a particularly hot summer in June
2011, he joined L&T Realty as the Chief
Executive and was entrusted with the
then four year old rms future.
Mr. Joshis brief stint, thus far has
been impressive. But Mr. Joshi, ever
the go-getter, is not resting easy and
is busy setting the agenda for the
Company for the next 2-3 years. This
includes implementing new processes,
streamlining operations, consolidating the
rms presence and breaking into newer
geographies among other things.
Mr. Joshi believes that the next 2-3
years will prove crucial to the Companys
future. The next couple of years will be
about us living up to the expectations
of the customers and stakeholders alike.
People queue up to buy L&T because they
trust the brand and we have to make sure
that we uphold that trust.
He says that as the Company starts
to hand over properties, it will have to
ensure that it delivers the quality and the
nish that people have come to associate
with L&T. Also, as L&T Realty expands the
scope of its operations and moves into
newer geographies, it will have to look
for like-minded partners who believe in
the values which L&T lives by. We cant
jeopardise what we hold so dear merely
to make some prots, he adds.
Mr. Joshis guarded approach perhaps
has to do with the fact that he doesnt
want to make L&T Realty the largest or the
biggest rm out there (at least not yet).
Rather, the strategy is to carve a niche
for the Company in the upper-middle
segment of the market by making big
bets and executing a limited number
of high quality projects over a 4-5 year
horizon. The way he sees it, theres little
competition at that level.
So does it mean that L&T Realty
will only cater to the buyers willing to
pay a premium?
Mr. Joshi says that right now, for L&T
its all about choosing its projects carefully
and identifying the sweet spots for itself.
So whereas in Mumbai the Company
may ofer something in the Rs. 15-20
thousand price-band which is upper-
middle segment of the market, in places
like Chennai the company is ofering
ats in the Rs. 4-5 thousand bracket,
something that can be categorised as
fairly afordable.
The immediate plan for L&T Realty
also includes rationalising its current
portfolio and exiting from the non-core
business of running malls and hotels.
That said, Mr. Joshi appears fairly bullish
on other sub-segments of the commercial
market. He believes that while it may be
in the pits right now, the trend is mostly
cyclical in nature and that in the longer
run the commercial segment gives much
needed sustenance in the form of standard
annuity of prots which can be made of
of rental properties.
For a business leader, there are few
skills more valuable than being able
to unlock value in places which others
might readily overlook. Mr. Joshi thrives
on this trait and attributes it to his ability
to accurately assess the commercial
realities, see the big picture and identify
untapped and emerging opportunities.
His 30 odd years spent as a business
executive in a variety of roles across
industries have also taught him much
about the virtues of patience and the
need to take people along. Mr. Joshis
business mantra is all about keep
doing what is expected of L&T Realty
and staying the course. You cant learn
some of these things in business school
things like extracting the best out of the
people you work with, getting along with
them and taking them along. It takes
years of experience and a lot of grey hair,
he says smilingly. Understanding people
is an important part of doing business,
perhaps even more so in realty where
there are so many people involved at
every stage. To do this you also need
to be able to communicate efectively.
Whether at work or at home, passion
plays an important part in his life. It is
perhaps his most visible attribute. It is
what denes me, confesses Mr. Joshi.
How can I ever hope to inspire others
if I lack the drive within myself? I dont
think that a business leader can be chased
or hounded to work. The re has to come
from within and thats where the passion
plays an important role.
The untethered manner in which he
speaks also plays its part too.
But is there more to him than work
and his job? Does his passion spill over
into his personal life too and does he ever
get to switch of from work and unwind?
Well switching of is not really an option,
but it doesnt mean that I dont indulge
in any hobbies, replies Mr. Joshi.
A cricket fan, Mr. Joshi says that he
never misses a chance to watch a good
game of cricket on TV if he can squeeze
it in his schedule. His current favorite
on TV is a courtroom drama called The
Practice. Outside of his busy work-life
and these small indulgences, Mr. Joshi
gets very little time to do much else but
whenever he does, Mr. Joshi says that he
scribbles poems in Hindi.
But lets save that for another day.
LETS MEET
For a business leader, there are few skills more valuable than
being able to unlock value in places which others might readily
overlook. Mr. Joshi thrives on this trait and attributes it to his
ability to accurately assess the commercial realities, see the big
picture and identify untapped and emerging opportunities.
If companies were people, L&T would
have got Danish citizenship a long
time back. We have strong Danish
roots and are very closely connected
with the Nordic region. Our growth
is a story of innovation, enterprise
and dedicated service. Most of all, its
the story of commitment, said Mr. K.
Venkataramanan, CEO & MD, L&T, at the
DI Business Summit, Copenhagen, while
addressing an audience comprising 1200
CEOs of Danish/European companies,
and prominent politicians including
the Danish Prime Minister, H.E. Helle
Thorning-Schmid.
The DI Summit 2013 titled New
Nordic Approach was organised by the
Confederation of Danish Industry on
September 24, 2013. The aim was to
assess the strengths of Nordic countries
to be competitive in a new era where
the economic and political balance of
power has shifed.
L&Ts Crescent Bay project has won the
Best Residential Project of the Year - West
India Award instituted by Franchise
India & Estate World magazine.
The award was presented at the 6th
edition of the Estate Awards 2013 in
Mumbai on December 17, 2013.
Crescent Bay is a marquee project being
developed by L&T Realty in collaboration
with Omkar Builders. This 2.6 million sq
f gated complex is located in the central
yet largely residential district of Parel in
Mumbai. Within the imposing towers
are 2, 3, and 4 bedroom residences.
Designed by renowned international
architects and landscape designers,
every aspect of this residential complex
is as charming as it is functional.
L&T Realty, wholly-owned subsidiary
of L&T, also won the Best Use of
Technology of the Year - West India for
Pragati, the SRA buildings at Parel.
Earlier, L&T Realty was awarded the
title of the Best Construction Company
of the Year 2013-14 for its outstanding
contribution to the growth of the real
estate sector in North India by Franchise
India & Estate World magazine.
Also, L&Ts Elante Mall at Chandigarh
has won the Most Preferred Shopping
Mall of the Year Award.
DI Business Summit 2013 Focusses on New Nordic Approach
Crescent Bay Wins Best Residential Project of the Year Award
Mr. K. Venkataramanan addressing the gathering at the DI Business Summit.
Mr. K. Mukundrajan, GM-Engineering, Mr. Rajendra Godbole, Head-Architecture
(Cluster II), Parel, Mr. S.N. Seth, VP-L&T Realty, and Mr. Sunil Godbole, DGM-Structural
Engineering, with the trophies.
Gallery
L&T
s Modular Fabrication
Facility (MFF Hazira) has
been awarded the First Prize (Platinum
Award) for Safety Systems Excellence
for Manufacturing by the Federation
of Indian Chambers of Commerce and
Industry (FICCI) for 2013.
The award was received by Mr. H.T.
Naik, Head, MFF-Hazira, from Mr.
Kodikunnil Suresh, Minister of State for
Labour & Employment, Government of
India, along with Mr. V. Perumal, Head-
HSE, MFF-Hazira and Mr. Naresh Dhir,
Manufacturing, MFF-Hazira.
This award assesses the robustness of the
safety system in manufacturing set ups,
which are then used for benchmarking
exercises. In 2013, more than 107
companies in the manufacturing sector
participated in the contest and L&T MFF-
Hazira ranked rst. The jury was chaired
by Mr. R. Chidamabaram, Principal
Scientic Advisor, Government of India.
L&T MFF-Hazira is one of the largest
modular fabrication facilities in South
Asia with a capacity of more than 45,000
MT of modular fabrication per annum.
It caters to global oil & gas industry, both
upstream (exploration & production) as
well as mid & downstream (rening, gas
processing, petrochemicals).
Hazira Modular Fabrication Facility Wins FICCI Safety Systems Excellence Award
Mr. H.T. Naik and his team receive FICCI Safety Systems Excellence Award from
Mr. Kodikunnil Suresh, looked on by Mrs. Naina Lal Kidwai, President, FICCI.
L&Ts Unnati building based at
Mahape, Navi Mumbai, has been
awarded Leadership in Energy and
Environmental Design (LEED)
Gold certication by the U.S. Green
Building Council. LEED is the worlds
preeminent certication program for
the design, construction and operation
of high-performance green buildings.
LEED certication encourages energy
efcient, water conserving buildings
that use sustainable or green resources.
A number of initiatives had been taken
at the building for reducing energy
and water usage, preserving natural
resources and creating a healthy work
environment for the employees.
L&Ts Unnati Building Receives LEED Gold Certication
Gallery
EMpower, L&T Infotechs SAP-
Human Capital Management (HCM)
implementation, was adjudged the Best
Run HR Implementation at SAP Indias
recently concluded ACE Awards 2013.
EMpower, which is the companys internal
HR portal, runs on SAP HCM ECC 6.0, and
went live on January 23, 2013. A total
of 5 HCM modules, covering 16 process
areas, were implemented in EMpowers
Phase I which included Recruitment,
Personnel Administration, Organisation
Management, Time Management and
Employee/Manager Self Service (ESS/
MSS) processes.

Prior to the implementation, a detailed
study was conducted for internal
and external benchmarking of each
process and a process wish list was
generated based on user inputs. While
implementing EMpower, the L&T Infotech
team dened an ETL Strategy for complete
data migration that helped in reduction
of eforts from 5 weeks to 4 days. The
implementation team also used L&T
Infotechs proprietary tools such as EZ
CUTOVER to enable reuse of migration
objects; CODE REO to help improve
program efciency.
The award was received by a team led
by Mr. Rishikesh Joshi, Head-Corporate
Services, L&T Infotech, and Mr. Pradeep
Pathak, Operations Head-SAP Practice,
L&T Infotech, at a glittering event held
in Mumbai on October 17, 2013.
Additionally, L&Ts Electrical &
Automation Business (E&A) received
the jurys special recognition for its SAP-
PLM (Product Lifecycle Management)
deployment. SAPs Product Lifecycle
Management 7.1 implementation at
E&A replaced the existing PTC Windchill
Product Data Management (PDM) system.
L&T Infotech was also recognised as the
implementation partner for this project.
L&T Infotech and L&T E&A Win Big at SAP ACE Awards
The triumphant L&T Infotech team with the trophy.
Gallery
American Concrete Institute Honours
Mr. V.B. Gadgil with Lifetime Achievement Award
The American Concrete Institute
(ACI) has honoured Mr. V.B. Gadgil,
Chief Executive & Managing Director,
L&T Metro Rail (Hyderabad), for
demonstrating efectiveness and
distinction in the eld of Infrastructure
Development with a lifetime
achievement award.

The award was presented by Dr. Anne
Ellis, President, ACI, on the occasion
of R.N. Raikar Memorial International
Conference & Dr. Suru Shah Symposium
on Advances in Science & Technology of
Concrete that was held in Mumbai on
December 20 & 21, 2013.
Mr. V.B. Gadgil receives the American Concrete Institutes Lifetime Achievement
Award from Dr. Anne Ellis.
Gallery
L&T has won the coveted Top
Infrastructure Company award in the
category Construction - Infrastructure
Development - (Large) at the 3rd Dun &
Bradstreet (D&B) Infra Awards 2013, held
in Mumbai on October 29, 2013.
L&T Infrastructure Development Projects
Limited (L&T IDPL), the wholly-owned
subsidiary of L&T, won the D&B Infra
Awards for the Ahmedabad-Maliya
Tollway. It was selected as the Best
Project in three categories, viz., Roads &
Highways, Public Private Partnership, and
Environmental Sustainability.
This is the third consecutive year that L&T
IDPL has won honours from D&B.
L&T Wins D&B Top Infrastructure Company Award;
L&T IDPL Scores a Hat-Trick with Three Best Project Awards
L&T and L&T IDPL officials with D&B awards trophies: (left to right): Mr. Rajmohan
R., Manager Corporate Communications, L&T IDPL; Mr. Manoj Singh, Cluster
Project Head - Roads & Bridges (West), L&T IDPL; Mr. Dip K. Sen, EVP & Head
Transportation Infrastructure, L&T Construction; and Mr. Niraj Kumar - Dy General
Manager Projects, L&T IDPL.
L&T Led Consortium to Convert ONGCs Jack-up Rig into MOPU
An L&T led consortium has been assigned
the task of converting Jack-up Rig Sagar
Pragati into a Mobile Ofshore Production
Unit (MOPU) by ONGC. The order is
valued at about USD 170 million. This is
the third such order for L&T Hydrocarbons
Floating Systems Business Unit which
ofers Ofshore Drilling Rigs and Floating
Production Units, both new-build
and conversion.
L&T as consortium leader will be
responsible for complete supply,
integration and offshore hook-up
& commissioning of the process
facilities comprising Gas Compression,
Dehydration, Produced Water Treatment
and Power Generation. Work will be
carried out from L&Ts fabrication facilities
at Hazira, engineered by L&T-Valdel and
supported by other L&T work centres.
Pipavav Defence and Ofshore Engineering
Company will be responsible for dry-
docking repairs & refurbishment of the
jack-up including hull, legs, marine
systems and accommodation block. This
project will be the rst such conversion
of a Jack-up Rig into an MOPU carried
out entirely in India.
Contract signing for Sagar Pragati conversion: (Right) Mr. A.K. Tewari, Group General
Manager (Materials Management), ONGC and Mr. Virinder Miya, Sr. Deputy General
Manager, L&T Hydrocarbon (middle), exchanging the contract documents. Mr.
Sushobhan Chowdhury, Vice President - Pipavav Defence and Ofshore Engineering
Company, is at lef.
Gallery
With a view to ensure better coordination
among the members of the team assigned
to Y3DC project and improve stakeholder
interaction and interface management
so as to complete the task successfully
on time and budget, a teambuilding
workshop was organised by the Learning
& Development team of HMD-HR,
Vadodara. The workshop, organised
between October 25-27, 2013, at L&Ts
Leadership Development Academy (LDA)
in Lonavala, witnessed participation
by 53 key stakeholder representatives
across PDO, and HMDs Engineering and
Project Management team with associated
competency centres.
Y3DC or the Yibal third stage depletion
compression project at the Yibal-Natih
gas reservoir in Oman is intended to boost
reservoir pressure. Yibal-Natih is a sweet
gas reservoir with recoverable reserves
estimated at 90 per cent. It has been in
production since 1972 and undergone
a series of expansions to accommodate
increasing demand for gas over the years.
The project which is already underway
involves multiple stakeholder groups.
Stringent timelines and project
requirements demand that these
stakeholder groups work in tandem,
leverage each others strengths, optimise
resources, and help each other overcome
hindrances to achieve the nal objective.
To this end, a prior interaction was carried
out with these stakeholder groups and
based on the inputs received, the contents
of the workshop were nalised.
The workshop formally began with Mr.
Sandeep Dipankar, HMD-HR, welcoming
all the participants and Mr. Abhilash
Verma, Project HSE Manager, sensitising
the participants about the criticality of
safety through a lm.
This was followed by Mr. Ahmed Al-
Barami (Company Representative, PDO),
Mr. S.D. Navare (Project Sponsor, HMD)
and Mr. N. Shankar (Project Manager,
HMD) sharing their thoughts on the key
challenges of the project as well as their
expectations from the team.
The workshop comprised a number
of team building exercises as well and
multiple outdoor activities, covering the
span of LDA. These were very specically
designed for the participants to work in
a fail-safe, experiential environment.
The objective of these activities was to
sensitise the participants to some crucial
aspects of working in a high performance
team. Debrieng sessions included crucial
feedback and valuable learnings for the
entire group. A key component of the
workshop design was a project specic
table discussion, that enabled the client,
engineering and project management
stakeholders to state their own key
deliverables envisioning the successful
completion of the Y3DC project as well
as expectations from other stakeholder
groups to be able to achieve them.
The output of this table discussion
served to create a mission statement for
the project. The medley of classroom
and outdoor activities, coupled with
equally crucial leisure and entertainment
activities made for engaging interactions
between the stakeholder groups.
Teambuilding Workshop for Y3DC Project Team
Mr. S.D. Navare and other stakeholders light the ceremonial lamp.
Participants pose for a group photo.
Printed at Printania Offset Pvt. Ltd., Shalimar Industrial Estate, Near Tata Power House, Matunga, Mumbai 400 019. Edited by D. Morada
for Larsen & Toubro Limited, Corporate Brand Management & Communications, L&T House, Ballard Estate, Mumbai 400 001. The views
expressed in this magazine are not necessarily those of the Management of Larsen & Toubro Limited. The contents of this magazine should
not be reproduced without the permission of the Editor. Not for sale - only for circulation among the employees of L&T Group of companies.
ABCI
Member
Gallery
RANK COMPANY PRODUCT
1 ICICI Lombard Complete Health Suraksha
2 L&T Insurance my:health Medisure Classic
3 IFFCO TOKIO Swasthya Kavach
4 Max Bupa Family First
5 Tata AIG Medi-prime
Consumer VOICE Ranks L&T Insurance as Second Best Health Insurer in India
Consumer VOICE (of Jaago Grahak Jaago fame) recently
carried out a survey covering all the major features that one
should consider before buying health insurance.
The rst was major features of oater policies from 16
general/health insurance companies in India. These included
premium, room rent/ICU charges, maternity benets and
maximum renewable age. It also took into consideration the
consumers experience.
The health insurance category has been usually maligned
due to the experiences customers faced while interacting
with various companies. Thus, the survey gave equal
weightage to both product features and customer service
(based on the experiences of 3,300 consumers). Each
policy was then rated according to the quota assigned to
these parameters.
The results showed the top 5 companies ofering health
insurance in India. Interestingly, L&T Insurance - a fairly new
entrant in the insurance sector - ranked 2nd in this survey.
While the rest of the companies have been operating in the
business nearly a decade, L&T Insurance secured this position
afer being in the industry for just three years. This was indeed
a commendable achievement for the company.
Consumers always opt for a policy that also provides customer-
friendly service along with product features. Therefore,
they have given these factors equal weight-age (50:50) and
computed their ratings.
This ranking will not only help customers choose the best
policy, but it will also guide them regarding the various
features to look out for in a health insurance policy.
Key Findings of this Survey:
Top 5 companies by Product Features:
Top 5 companies by Combined Score
(Equal weight age to Product Features & Quality of Service):
1. ICICI Lombard (8.53/10)
2. L&T Insurance (8.21/10)
3. IFFCO-TOKIO (8.01/10)
4. TATA AIG (7.75/10)
5. Religare (7.74/10)
1. ICICI Lombard (8.3/10)
2. L&T Insurance (8.19/10)
3. IFFCO-TOKIO (7.7/10)
4. Max Bupa (7.5/10)
5. TATA AIG (7.4/10)
- Aristotle (Ethics, 360 BCE)
To give away money is an easy matter in any mans power. But to decide to whom to
give it to, and how large and when, and for what purpose and how, is neither in every
mans power nor an easy matter.

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