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    500510   INE018A01030

LARSEN & TOUBRO LIMITED

(500510)
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End-of-day quote. End-of-day quote Bombay Stock Exchange - 12/03
1801.85 INR   +0.72%
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Larsen & Toubro : L&T launches L&T EduTech

10/18/2021 | 04:25am EST

CHENNAI - Marking its entry into the high potential space of virtual learning, Larsen & Toubro (L&T), the technology, engineering, construction, manufacturing, and services conglomerate, announced the launch of L&T EduTech - a new industry-led, application-based, practical oriented learning platform, strongly rooted in technology, that will straddle the entire gamut of engineering & technology verticals to help create industryready talent.

'We are living in a period of accelerating change, with the need to not only learn new things but also seek newer and better ways of transmitting learning and I am confident that L&T EduTech will fulfill this role by enabling young men and women of the country to meet the challenges of the future,' said Mr. A M Naik, Group Chairman, Larsen & Toubro. 'We have a strong demographic dividend but to translate that potential into performance, it is imperative that we impart relevant skills to our youngsters, make them more productive, and better equipped to contribute to India's growth story,' he added, describing the task before the new business.

L&T EduTech aims to future-proof L&T's businesses and bridge the gap that exists today between the competence of young engineers and industry expectations. L&T EduTech will channelize L&T's storehouse of knowledge and expertise gained of having executed some of the most complex and demanding projects over the decades to empower both students and professionals with real world professional skilling to enhance their employability.

L&T EduTech offers three verticals of College Connect, Professional & Vocational Skilling underpinned by robust Assessment & Certification processes. While College Connect will empower students with practical & application-based learning, Professional Skilling will enable aspiring professionals to fast-track careers in their domains. Vocational Skilling involves skill certification programmes designed by industry experts for improved employability. A rigorous process of learn, skill, assess, certify & engage, and a faculty of subject matter experts drawn from industry, academia and from within L&T is all set to add a new dimension to platform-based, hybrid learning & skilling.

'With the growing accent on online learning & skilling, we have timed the introduction of L&T EduTech well,' asserted Mr. R Ganesan, Head - Corporate Centre, L&T Construction. 'We are entering a space that so necessarily requires professional skilling and we are confident that both students and professionals will benefit hugely from our curated courses deeply-rooted in the real world. In fact, learning from L&T is very akin to learning from the masters.'

Background:

Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 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 for eight decades.

Contact:

Yuvraj Mehta

E: Yuvraj.mehta@larsentoubro.com

T: +91 85888 88272

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 1 568 B 20 837 M 20 837 M
Net income 2022 97 679 M 1 298 M 1 298 M
Net Debt 2022 1 080 B 14 356 M 14 356 M
P/E ratio 2022 26,0x
Yield 2022 1,26%
Capitalization 2 531 B 33 638 M 33 644 M
EV / Sales 2022 2,30x
EV / Sales 2023 2,04x
Nbr of Employees 40 253
Free-Float 86,0%
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Number of Analysts 36
Last Close Price 1 801,85 INR
Average target price 2 178,00 INR
Spread / Average Target 20,9%
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Sekharipuram Narayan Subrahmanyan Chief Executive Officer, MD & Executive Director
Ramamurthi Shankar Raman Chief Financial Officer & Executive Director
Anil Kumar Manibhai Naik Group Non-Executive Chairman
A. Sivaram Nair Secretary & Compliance Officer
Mukund Manohar Chitale Independent Non-Executive Director
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