Larsen & Toubro (L&T), an Indian multinational engineering company, announced that it has appointed S N Subrahmanyan as its new Chairman and Managing Director (CMD), effective October 1, 2023. Subrahmanyan is currently the CEO and MD of L&T. A M Naik, the company’s current Non-Executive Chairman, has decided to step down from his position on September 30, 2023. Naik will be given the role of Chairman Emeritus.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Naik has served L&T for more than 58 years and is credited with transforming the company into a global conglomerate. He is also credited with helping L&T move into other business areas such as IT and technology services, and financial services.
L&T’s revenue and profit grew by 10% each year-on-year in the fourth quarter of fiscal year 2023. The company’s board of directors on Wednesday recommended a final dividend of ₹24 per equity share, subject to approval of shareholders.
Important takeaways for all competitive exams:
Imagine pulling a fish from a river that weighs as much as a large motorcycle…
NASA’s planned 2028 Mars mission could take planetary exploration to a new level by combining…
Eid Milad-un-Nabi celebration in India will take place on August 26th, 2026, as it marks…
The Onam festival of 2026 is celebrated throughout the state of Kerala through colorful flower…
Chinese human-like robots have attracted attention following their participation in a 100-meter dash event where…
The US government has unveiled an operation called Economic Outcast, which is a new global…