L&T elevates Mr.Subramanian Sarma as Deputy Managing Director & President

The Board of Directors of Larsen & Toubro are pleased to announce the elevation of Mr.Subramanian Sarma from Wholetime Director & President, Energy to Deputy Managing Director & President of the Company with effect from 2nd April 2025. The Board has also decided to extend his term to 3rd Feb 2028 subject to shareholders' approval in the upcoming AGM.

L&T's resilient business model, strategic diversification and commitment to innovation positions it for sustained profitable growth. By capitalizing on opportunities in infrastructure, energy, industrial solutions and services, L&T continues to drive value creation for stakeholders. Backed by a strong leadership team and a diversified portfolio, the company is well-equipped to build high-performing teams and navigate evolving market dynamics.

On this occasion Mr. S.N. Subrahmanyan, Chairman & Managing Director said "Mr. Sarma has been instrumental in transforming our Hydrocarbon and Energy businesses, driving innovation, operational excellence, and global competitiveness. His elevation is well deserved, and I am confident that his leadership will further strengthen L&T's growth trajectory."

A graduate in Chemical Engineering, Mr. Sarma completed his master's from IIT Mumbai. A seasoned professional, he has over 40 years of experience, with 30 years being in the Middle East. During his career span, Mr. Sarma has handled the complete Oil & Gas value chain across various geographies. Prior to joining L&T, Mr. Sarma served as Managing Director of a large EPC company. He was appointed on the Board of L&T in August 2015.

Under Mr. Sarma's leadership, L&T's Energy portfolio has emerged as one of the leading EPC Contractor globally, by achieving record financial results and being ranked among the top 3 EPC contractors in the Oil & Gas Sector (Middle East) for four consecutive years.

Mr. Sarma said "I am honored to take on this new role at a time when L&T is witnessing strong growth and expansion. I thank the CMD & L&T's Board Members for their continued trust. I look forward to contributing to the company's long-term vision and creating sustainable value for stakeholders."

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3417.35 as compared to the previous close of Rs. 3349.20. The total number of shares traded during the day was 137726 in over 6831 trades.

The stock hit an intraday high of Rs. 3454.40 and intraday low of 3333.10. The net turnover during the day was Rs. 471181335.00.

Source : Equity Bulls

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