Larsen & Toubro
Larsen & Toubro, one of the largest companies in the country, is a technology-driven engineering and construction organisation. The company was founded in 1938 by Danish engineers Henning Holck-Larsen and Soren Kristian Toubro. Starting with the import of machinery from Europe, L&T went on to take up engineering and construction assignments of increasing sophistication and eventually set engineering benchmarks in terms of scale and complexity projects in India.
Engineering & construction is one of the important verticals (business lines) in L&T, which has a track record of successful implementation of turnkey projects in major core and infrastructure sectors — in India and abroad. L&T has integrated its strengths in process technology, basic and detailed engineering, equipment fabrication, procurement, project management, erection, construction and commissioning to offer single-window solutions in the segment. The company has an international presence, with a global spread of offices. A thrust on international business over the last few years has seen its overseas earnings growing to 18 per cent of total revenue. With factories and offices located around the country, further supplemented by a wide marketing and distribution network, L&T’s image and equity extends to virtually every district of India.
Punj Lloyd Ltd (PLL) is an EPC contractor focussed on the oil and gas sector and infrastructure. It undertakes projects across geographies and has bridged the pre-qualification gap through M&A and strategic alliances. The company started as as a pipeline-laying company and has graduated to providing full EPC services.. Its clients include ONGC, Bechtel, British Petroleum, Cairn, Petrofac, Total Fina, Elf, BPCL, HPCL, Essar Oil, and GAIL.
IVRCL Infrastructures & Projects
IVRCL is one of the fastest emerging players in the construction space. From developing integrated townships, malls and ‘IT parks’, it plans to have its footprints across urban India. The company has made deep forays in the water and environment, transport, buildings and power sectors, and sees a huge growth potential in these areas. Its principal activity is to execute large turnkey projects. It is currently executing key projects relating to water distribution systems, highways and roads, bridges, buildings and industrial structures and electrical transmission lines.
It is one of the oldest construction companies in the country — Gammon has been in the business for nearly nine decades now. The company has achieved several milestones in all the key segments of construction — roads, bridges and tunnels. The group’s principal activity is to plan, design and undertake construction of roads, highways and bridges. Its business can be listed under three monikers: construction, infrastructure development and ‘others’. It derives around 90% of its revenues from government projects, making it a big player in the infrastructure industry. Gammon has also been a pioneer in undertaking ‘build-operate-transfer’ projects under the public-private partnership model, usually through its subsidiary Gammon Infrastructure Projects.
It is among the upcoming corporate groups in India, with diverse business interests in the infrastructure and manufacturing sectors — particularly in airports, roads and power. The original promoters of Vysya Bank, who held the company, sold out to the ING Group. Now, the group is building a new airport in Hyderabad and modernising the Delhi airport. A consortium of GMR Infrastructure Malaysia Airports Holdings and Turkey’s Limak has bagged the contract to build Istanbul’s second airport. The group operates three power plants and six road projects, of which two have been completed.