L&T
Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India. The company has business interests in basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services. As of 31 March 2022, the L&T Group comprises 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 jointly held operations, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services.
On 1 October 2023, S N Subrahmanyan took charge as Chairman and Managing Director of L&T.
Larsen & Toubro originated from a company founded in 1938 in Mumbai by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. The company began as a representative of Danish manufacturers of dairy and allied equipment. However, with the start of the Second World War in 1939 and the resulting blockade of trade lines, the partners started a small workshop to undertake jobs and provide service facilities. Germany's invasion of Denmark in 1940 stopped supplies of Danish products. The war-time need to repair and refit and degauss ships offered L&T an opportunity, and led to the formation of a new company, Hilda Ltd, to handle these operations.
In 1944, ECC (Engineering Construction & Contracts) was incorporated by the partners; the company at this time was focused on construction projects. In 1965, L&T had been chosen as a partner for building nuclear reactors. Dr. Homi Bhabha, then chairman of the Atomic Energy Commission (AEC) had in fact first approached L&T in the 1950s to fabricate critical components for atomic reactors.
During the 1970s, L&T was contracted to work with Indian Space Research Organisation (ISRO). In 1985, L&T entered into a partnership with Defence Research and Development Organisation (DRDO).
In 2019 L&T gained a controlling stake in Mindtree, a global technology consulting and services company with a share of 60 per cent.
BHEL
Bharat Heavy Electricals Limited (BHEL) is an Indian public sector engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India's largest power generation equipment manufacturer. BHEL was established in 1964 ushering in the Heavy Electrical Equipment industry in India. Heavy Electricals (India) Limited was merged with BHEL in 1974. In 1991, BHEL was converted into a public company. Over time, it developed the capability to produce a variety of electrical, electronic and mechanical equipment for various sectors, including transmission, transportation, oil and gas and other allied industries. However, the bulk of the company's revenue is still derived from the sale of power generation equipment such as turbines and boilers. As of 2017, equipment supplied by BHEL constituted around 55% of the total installed power generation capacity in India. The company also supplies electric locomotives to the Indian Railways and defence equipment such as the Super Rapid Gun Mount (SRGM) naval guns manufactured in partnership with the Ordnance Factory Board and simulators to the Indian Armed Forces.
BHEL is engaged in the design, engineering, manufacturing, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil & gas, and defence.
It has a network of 17 manufacturing units, 2 repair units, 4 regional offices, 8 service centres, 8 overseas offices, 15 regional centres, 7 joint ventures, and infrastructure allowing it to execute more than 150 projects at sites across India and abroad. The company has established the capability to deliver 20,000 MW p.a. of power equipment to address the growing demand for power generation equipment.
Praj
Praj Industries Limited is a process and project engineering company, headquartered in Pune, Maharashtra, India, with offices in South Africa, North America, Latin America & Caribbean, Thailand and Philippines. Its manufacturing facilities are at 4 locations - in Sanaswadi, near Pune; Kandla, Port in Gujarat and Wada, Thane District. Praj is a recipient of the DSIR National Award in 2005 for outstanding In-House R&D Achievements. Praj was formed in 1983. The company went public in 1994 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. Praj received its first Venture Capital from ICICI Bank in 1987. Today it has investors like Venture Capitalist Vinod Khosla who has a 10% stake and Marubeni Corporation. Praj Foundation was established in 2005 as the CSR wing which is managed by Parimal Chaudhari.
Praj Industry deals with segments like Alcohol / Fuel Ethanol and Brewery Plants, Water and Wastewater Treatment Plants, Critical Process Equipment System, High Purity Systems, BioProducts (Livestock Health and Nutrition Products), and Customised Research Service & Solutions.