Larsen & Toubro Detailed director reports covering Larsen Financial Results and for a period of seven consecutive years from the financial Year Your Directors have pleasure in presenting the First Annual Report and the Audited Accounts of the Company for the period from August Your Directors have pleasure in presenting their Report and the Accounts for the in the light of the losses incurred during the current financial year.
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Investor Home · Downloads; Annual Reports. Annual Reports. FY Title, Financial Year, Download. Full Annual Report , FY, ( MB). 48 L&T Infotech Financial Services Technologies Inc.. Revenue by location of the Customer. Rupees. Rupees. India. LARSEN & TOUBRO ANNUAL REPORT PDF - L&T Infotech Financial Services Technologies Inc Directors present their Report and Audited.
The Company does not have any material subsidiaries. The Company has a process in place to periodically review and monitor Related Party Transactions. The Audit Committee has approved all related party transactions for the FY and estimated transactions for FY There were no materially significant related party transactions that may have conflict with the interest of the Company. Subrahmanyan, Mr.
Review of policies, procedures and guidelines is an on-going process. In addition, policies, procedures and guidelines have been formulated to clearly lay down norms on action and conduct of its employees such as the whistle-blower policy and guidelines on communication and marketing.
EMC decides on policies to be implemented across the Company. In addition, at the corporate level, sustainability initiatives and performance are regularly reviewed by a nominated member of the EMC.
The Company has been disclosing its sustainability performance in public domain within the framework of Global Reporting Initiative GRI. The Company recognizes that its projects and products are technology-intensive and meet critical needs. Safety and sustainability are therefore integrated right at the design stage. In addition to initiatives that reduce the Companys own carbon footprint, it is also a green enabler - helping its customers Go Green too.
The hydrocarbon business of the Company executes energy conservation and fuel switch projects for fertiliser plants and refineries. The Company is at the forefront of executing these conversion projects which significantly help clients reduce sulphur emissions and improving product quality.
The heavy engineering business of the Company manufactures coal gasifiers for core industries.
Many developed countries use coal gasifier technology as energy conservation and environmental friendly measures. At project sites, safety is an overriding concern. The Company fosters a strong safety culture through best practices, continuous training and vigilant supervision.
Sustainability Practices in Value Chain The Company views each of its vendors as partners in the shared process of growth. The Company invests time and effort in building mutually beneficial relationships. Specific encouragement is provided to local sourcing as it improves logistics as well as helps to develop the local economy.
In addition, the Companys customers are encouraged to purchase from locally approved vendors. Being an engineering and construction company and owing to the nature of its products and services, the scope for direct product recycling is limited.
However in many of the projects executed by the Company, it has provided retrofitting services to extend product life cycle span. Through dedicated steel centres, generation of steel scrap is minimized.
During the manufacturing process, zinc is recovered from zinc waste and reused in plating operations. The Company conducts capacity building programmes for the supply chain, provides training and technical expertise on various manufacturing and operational practices such as value engineering, six sigma and lean manufacturing.
Systems are in place related to information security management and confidentiality, and norms are followed covering intellectual property rights. Health Check-up at Project sites Principle 3: Business should promote well-being of employees An organisations success is the aggregation of the individual successes of its employees.
The Companys achievements in building plant and equipment of unmatched scale and sophistication would never have been possible without the wholehearted involvement of its employees. The Company integrates HR practices with business strategies to provide employees the opportunity to fulfil their career aspirations and development needs.
The Company encourages its employees to think laterally and nurtures a feeling of ownership. The Company does not employ any child, forced or compulsory labour, and has similar systems in place for its contractors. Occupational health and safety receives close and continuing attention. The policy on Protection of Womens right at Workplace reflects the Companys commitment to provide a safe and caring environment to female employees.
The Company has recognized employee unions and associations at manufacturing establishments which are affiliated to different trade union bodies. The percentage of permanent employees covered under this category is 8.
The Companys HR development team formulates a wide variety of training programmes to nurture the competencies of its employees. These interventions are not limited to technical and functional domains; they also encompass behavioural and managerial aspects. In addition, programmes to enhance safety standards and EHS competency building are a focus area. A focussed initiative to build employee health and wellbeing is in place.
This programme creates awareness on prevention of lifestyle diseases, encourages employees to make positive health choices and builds a healthy workplace. Similarly, several welfare initiatives such as yoga, counselling, recreational and developmental programmes are available to employees and their families to promote work-life balance. Number of permanent women employees Contract workmen predominantly at project sites The Company has provided direct employment to 74 persons with disabilities.
In addition, such individuals are employed within its value chain. The Company practices and propagates equal opportunity 28 The Company has institutionalised many training enablers including a state-of-the-art Leadership Development Academy at Lonavala near Mumbai. In FY , the Companys permanent employees received a total of 34,84, man-hours of safety and skill-up-gradation training. All employees of contractors receive mandatory safety training before entering the Company premises.
No complaints relating to child labour, forced labour, involuntary labour or sexual harassment were received in the FY Such interactions with key internal and external stakeholders help the Company to understand material issues and evolve thrust areas for implementation. The Company provides strategic social interventions by working hand-in-hand with local NGOs and communities.
The details of such programmes are stated under Principle 8. Communication channels adopted include: For External Stakeholders Stakeholders engagement sessions Client satisfaction surveys For Internal Stakeholders Employee satisfaction survey GALLUP Engagement Survey for further improvement in employees engagement process Circulars Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised Regular business interaction, supplier, dealer and stockist meets Periodic feedback mechanism Press Releases AGM Shareholders interaction Investors meet and shareholder visit to works Social initiatives Welfare initiatives for employees and their families Online news bulletins to convey topical developments A large bouquet of print and on-line in-house magazines some location specific, some business specific Shareholders visit Powai Campus The Company is one of the most widely held companies in India.
Its shareholding is diffused, diverse and transparent, and the Company is committed to delivering on their individual expectations. The Company has mapped its stakeholders as a part of its stakeholder engagement process. The Company does not permit child labour or forced labour in any of its operations.
Communication processes such as induction training programmes, interactive sessions, intranet, policy manuals and posters sensitize employees on human rights. These are practiced in the Company and extended to Subsidiary and Associate companies. It continues to focus on efficient consumption of materials, energy and water through structured and systematic approach.
The Company has a system in place to identify and assess potential environmental risks and opportunities in its operations. The Company has provided requisite disclosures in its standalone financial statements as to holdings as well as dealings in Specified Bank Notes during the foubro from 8 November to 30 December and are in accordance with the books of accounts maintained by the Company- refer note 11 II to the standalone Ind Annuall financial statements.
Quick Links for larsentoubroinfotech. Those Standards require that we youbro with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the standalone Ind AS financial statements are free from material misstatement.
We believe that the audit evidence we have obtained is and appropriate to provide a basis for our audit opinion on the standalone Ind AS financial statements. We conducted our audit of the standalone Ind AS financial statements in accordance with the Standards on Auditing specified under Section 10 of the Act. Accordingly, paragraph 3 xiv of the Order is not applicable to the Company.
Mumbai, 4 May Membership No. OPINION In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone Ind AS financial statements give the information required by the Act the manner so required and give a true and lsrsen view in conformity with the accounting principles generally accepted in India including the Ind AS, of the financial position of the Company as at 31 Marchand its financial performance including other comprehensive income, its cash flows and the changes in equity for the year ended on that date.
Assignment Point — Solution for Best Assignment Paper Software exports and service income revenue considered as domestic sales and other classification disputes. The Company does not have any pending litigations which would impact its financial position- refer note 35 to the standalone Ind AS financial statements.
Accordingly, paragraph 3 vi of the Order is not applicable to the Company. Name of the statute Nature of the rpeort dues Amount Rs.
As required by section 3 of the Act, we report that: Accordingly, paragraph 3 v of the Order is not applicable to the Company. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India including the Ind AS, of the financial position of the Company as at 31 Marchand its financial performance including other comprehensive income, its cash flows and the changes in equity for the year ended on that date.
An audit involves performing procedures to obtain larwen evidence repogt the amounts and the disclosures in the standalone Ind AS financial statements. According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, income tax, service tax, cess and other material statutory dues were in arrears as at 31 March for a period of more than six months from the date they became payable.