Larsen & Toubro Ltd.

Larsen & Toubro (L&T) has acquired 50% of the stake in L&T-Ramboli Consulting Engineers (LTR) hitherto held by Ramboll Denmark AS. With this acquisition, LTR has now become a wholly owned subsidiary of L&T. This step is taken as a strategic move to strengthen the company’s design base in the Infrastructure space.

The company will continue to offer single point concept to commissioning consultancy services for infrastructure projects like airports, roads, bridges, ports and maritime structure including environment, transport planning and other related services.

LTR was incorporated in 1998 with L&T contributing 50% of the authorized and paid-up capital. Ramboll Denmark AS and Industrialization Fund for Developing Countries (IFU) contributed 26% and 24% respectively. Ramboll Denmark AS had purchased IFU's 24% stake in 2004.

LTR has approximately 250 engineers on board, with registered office in Chennai, and regional offices in Hyderabad, Delhi and Mumbai. Post-acquisition, the company is proposed to be renamed as L&T Infrastructure Engineering.