Bucking the Recession

Bucking the Recession EPW Research Foundation INCORPORATED in February 1946, Latsen & Toubro is one of the leading Indian engineering and construction companies. The company has also diversified into shipping and cement It has manufactured India's largest urea reactor at its Hazira works for Tata Chemicals, India's first Carbamate condenser for IFFCO, Kalol, the world's largest ethylene oxide reactor to be fabricated at site for S M Dyechem and Asia's largest automated dairy for NDDB Gandhinagar. In addition the company has also secured the largest order to be won by an Indian company for four well-head platforms and submarine pipelines for ONGC The company's performance received a boost in 1992-93 with net sales crossing the Rs 1,700 crore mark and net profit almost touching Rs 120 crore: