Internship Report on

"A STUDY ON ORGANISATION IN -PLANT TRAINING WITH THE REFERENCE

OF LARSEN & TOUBRO LTD, MYSURU”

Submitted by
Ms. HARSHITHA M R
(2018MBO335)

Submitted to

MYSURU UNIVERSITY

In partial fulfilment of the requirements of the award of the degree of

STUDY OF BUSINESS ADMINISTRATION

Under the guidance of

INTERNAL GUIDE EXTERNAL GUIDE

Mr. JAGADEESH Mr. GAJENDRA SINGH JODHA
HEAD OF DEPARTMENT Finance manager
Pooja Bhagavat Memorial Mahajana Larsen & Turbro Ltd
PG centre, Mysuru

MYSURU UNIVERSITY

Department study of Business Administration

University , PG Centre

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DECLARATION
We are students of Pooja bhagavat Memorial Mahajana’s PG Centre hereby declare that the

Mini Project Report entitled "A STUDY ON IN PLANT TRAINING LARSEN &

TOUBRO Ltd " A Mysuru prepared by me under the internal guidance of

Dr. JAGRENDRA HOD, Department Study of Business Administration, MYSURU

University study PG centre, Mysuru and under the external guidance of Mr. GADRENDRA

SINGH JODHA Financial Management, L&T Ltd Mysuru.

I also declare that internship work is towards the partial fulfilment of the

University regulations for the award of degree in Master of Business Administration by

Mysuru University, Mysuru.

I have undergone a summer project for a period of four weeks. I further declare that this
project is based on the original study undertaken by me and has not been submitted for the
award of any degree/diploma from any other university/Institution.

Place: Mysuru

Date:

(HARSHITHA M R)

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ACKNOWLEDGEMENT

I consider it my extreme privilege to express my gratitude to Dr.JAGADESSH ,

Professor and Course coordinator and internal guide Department o Management Studies,
Mysuru university for his advice and suggestions throughout the study.
I express my heartfelt thanks to my External Guide Mr. GADRENDRA SINGH
JODHA , Finance Manager of L&T ltd Mysuru. For their help and cooperation in
completing this Internship.

Place: Mysuru
Date:
(HARSHITHA M R)

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SL PARTICULAR PAGE NO
NO
1 Introduction 1-3
2 Company Profile 4-12
3 Product profile 13-15
4 Organizational Structure 16-20
5 Departmental Study 21-36
6 SWOT Analysis 37-39
7 Financial Ratios and statements 40-49
8 Learning experience 50-51

9 Findings and suggestion 52-53

10 Bibliography 54

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 Chapter – 1
INTRODUCTION

Overview:
Larsen&Toubro limited(L&T) is a technology,engineering, construction,and manufacturing
company. It is one of the largest and most respected companies in India’s private sector.

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More than seven decade of a strong, customer-focused approach and the continuous quest for
the world class quality have enabled it to attain and sustain leadership in all its major lines of
business.

L&T has an international presence, with a global spread of offices. A thrust on international
business has been overseas earnings grow significantly. It continues to grow its overseas
manufacturing footprint, with facilities in china and gulf regions.

The company’s business are supports by a wide marketing and distribution network, and have
established a reputation for strong customer support.

L&T believes that progress must be achieved in harmony with the environment. A
commitment to community welfare and environment protection are an integral part of
corporate vision.

Preview :
Larsen & Toubro limited is the magic and power of the two Danish engineers, whose vision
and foresight brought about the revolutionary managed and pioneer in India’s engineering
and construction industry

It was the business of cement that brought the young Mr. Henning Holck-Larsen and Mr.
S.K. Toubro into India. They arrived on Indian shores as representatives of Danish
engineering firm F L Smidth Co in connection with the merger of cement companies that
later grouped into the Association cement companies.

Together, Mr.Holck – Larsen and Mr. Toubro founded the partnership firm of L&T in 1938,
which was converted into a limited company on February 7, 1946. Today, this has
metamorphosed into one of India’s biggest success stories. The company has grown from
humble origin to a large conglomerate spanning engineering and construction.

Objectives of the Study

i. To Study the organization as a system and its various functional areas
ii. To have practical knowledge of the application of management theories.

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 iii. To have a real life knowledge of an organization through various departments.
iv. To understand the strategies to adopted to confronts Challenge face by the
company.
v. To identify the area where there can be scope for improvement.

Benefits of Organization
i. Quality Candidates
ii. Save cost
iii. Creates the opportunity to recruit future employees.
iv. Brings new and innovation ideas to an employer.
v. It improves knowledge skills and etc.

Purpose of Internship:
i. To enrich classroom learning through exposure to relate on the job experiences.
ii. To assist in the determination of career goals.
iii. To provide experience in the field for those just entering the criminal justice field.

Benefits of Internship:
i. Working environment exploration.
ii. Personal development.

iii. Networking

iv. Choices

v. Skill development

vi. Increase productivity

vii. Support students

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 Chapter – 2
COMPANY PROFILE

Company Profile:
Larsen & Toubro Limited is India’s largest engineering and construction conglomerate0
with additional interest in IT and electrical business. A strong , customer –focused approach
and the constant quest for top-class quality have enabled the company to attain and sustain
leadership position for over SIX decades.

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They begin with the import of machinery from Europe, L&T rapidly took on engineering and
construction assignments of increasing sophistication. Today, the company sets global
engineering benchmark in terms of scale and complexity.

Conglomerates were popular in the 1960’s due to a combination of interest rate and a
repeating bear/bull market, which allowed the conglomerates to buy companies in leveraged
buts, sometimes at temporarily deflated values.

L&T has pioneered spectacular achievements in india industry. Many of the engineering
projects executed by L&T have set new benchmarks in terms of scale, sophistication and
speed. So do many buildings, highway, bridges, and civil structures around the country that
are widely regarded as landmark.

L&T’s international presence is on the rise, with a global spread of over 30 offices and joint
ventures with world leaders. Its large technology base and pool of experienced personnel
enable it to offer integrated services in world market.

Beginning with the import of machinery from Europe, L&T rapidly took on engineering and
construction assignments of increasing sophistication. Today the company sets global
engineering benchmark in terms of scale and complexity.

Today L&T is one of the India’s biggest and best known industries organization with a
reputation for technological excellence, high quality of production and services, strong
customer orienational presence.

L&T is traded as NSE: LT, BSE:500510 BSE sensex constituent. It is a conglomerate

industry founded at Mumbai in1938 by Soren Kristain Toubro and Henning Holck Larsen. It
headquarters are at Mumbai, Maharashtra and India. The key people of L&T are
K.VENKATARAMANAN (CEO & MD), A.M NAIK (Executive chairman). Its revenue for
the year 2017 was 16 billion, operating income was about 1.07 billion and profit was about
952.638 million. It has divided into,

i. Technology
ii. Construction
iii. Engineering and
iv. Manufacturing.
v. Its subsidiaries are L&T Info Tech and L&T mutual fund.

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Larsen & Toubro Limited (‘Larsen & Toubro’ or ‘L&T’) is a USD 17 billion technology,
engineering, construction, projects, manufacturing and financial services conglomerate, with
global operations. It addresses critical needs in key sectors – infrastructure, construction,
defence, hydrocarbon, heavy engineering, power, shipbuilding, aerospace, electrical &
automation, mining and metallurgy.

L&T’s integrated capabilities span the spectrum of ‘design to deliver’ solutions. Over seven
decades of a strong, customer-focused approach and a sharp focus on world-class quality
have enabled it to maintain a leadership position in its major lines of business.

The Company has manufacturing facilities and offices in several countries, and a global
supply chain. It delivers landmark projects and products, helping clients in 30 countries to
create long-term progress and economic growth.

Characterized by professionalism, high standards of corporate governance and sustainability,

L&T continues to evolve, seeking better ways of engineering to meet emerging challenges.

VISION:
L&T shall be a professionally-managed
Indian multinational,
Committed to total customer satisfaction
And enhancing shareholder value

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 L&T- its shall be an innovative,
Entrepreneurial and empowered team
Constantly creating value
And attaining global benchmark

L&T shall foster a culture of caring,

Trust and continuous learning
While meeting expectations of
employee’s stakeholders and society

MISSION:
To become India’s preferred solution provider energy measurement, monitoring and
conservation, with an international presence, through a team of engaged employees and
business partners.

CORPORATE HUMAN RESOURCE POLICY:

We believe that people are our most valuable resource and play a pivotal role in helping us
realise our vision.

We are committed to:

i. Acquiring developing and retaining a pool of high caliber talent
ii. Enabling and empowering our employees to be creative and innovative.
iii. Establishing system and practices for maintaining transparency fairness and equity
iv. Creative a culture of continues learning competitiveness and excellence through
change management, respecting ethics, value, and good governance.

We will protect our environment and uphold in letter and spirit the united nations
universal declaration of human rights and the fundamental human rights conventions of
the international labour organization.

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QUALITY Policy:
L&T values limited is committed to enhance values to customers by delivering
best-in-class values and flow-control solution

i. Complying with codes, standards, customer specification, statutory and

regulatory requirement as applicable to our products.
ii. Continually improving the effectiveness of quality management system
through appropriate technologies, processes and total employee
involvement.
iii. Communicating understanding, implementing and maintaining this quality
policy at all the levels.

CERTIFICATE:
i. CMMI Level 5v 1.2
ii. ISO-9001:2008
iii. ISO 20000
iv. ISO 14001
v. ISO 27001

HEALTH AND SAFETY:

L&T is committed to provide a safe and healthy work place across campuses and
project sites.

Business volume of LARSEN AND TOUBRO,

conglomerate following

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  Engineering and construction
 Heavy engineering
 Shipbuilding, Construction
 Financial services
 Electrical and electronics
 Information technology
 Machinery and industrial
products, etc

Number of Employees :
L&T is a fairly large company, yet it is still expanding day by day. During the course
of my internship itself, I noticed the recruitment process happening for the production plant
almost every other day. As on march 2019, L&T has around 1,05,027 employees, but the
numbers are going to rise in the coming months.

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Main offices:
L&T have its registered corporate office in Mumbai, called the “L&T House” in Ballard
Estate. The company has national and international presence in the following cities.

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GLOBAL PRESENCE:

Exports:
Products Regions of Exports
ACBs, MCCBs, Contactors and motor starters Far east, Middle East, South East Asia and
neighboring countries.
Switchboards Europe, Middle East, Far East, South East Asia
And Africa.
Meters and Relay Africa, South East Asia and Neighboring
countries.
Automation solution Middle East, South East Asia and neighboring
countries.
Medical equipment’s US, Europe, South East Asia, Africa and
neighboring countries.

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COMPETITORS INFORMATION:

Electrical and electronic has stiff competition from many leading brands. If faces
competition from the brands like
1. TCS:
Tata Consultancy Services Limited (TCS) is an Indian multinational IT services,
business solutions and outsourcing company headquartered in Mumbai, India and a
subsidiary of the Tata Group conglomerate
2. INFOSYS
Infosys Limited formerly Infosys Technologies Limited is an Indian provider of
business consulting, technology, engineering and outsourcing services. It’s
headquartered in Bangalore, India. It has offices in 30 countries and development
centers in India, US, China, Australia, UK, Canada, Japan and many other countries.

3. MAHINDRA SATYAM:
Mahindra Satyam formerly Satyam Computer Services, is an Indian IT services
company based in Hyderabad, India. It was founded in 1987 by B RamalingaRaju.
Mahindra Satyam is a part of the Mahindra Group which is one of the top 10
industrial firms based in India.

4. WIPRO
Wipro Limited (formerly Western India Products Limited) is an Indian global IT
services and consulting company headquartered in Bangalore, India. As of 2012,
Wipro is the second largest IT services company by turnover in India. It provides
outsourced research and development, infrastructure outsourcing, business process
outsourcing (BPO) and business consulting services. The company operates in three
segments: IT Services, IT Products, Consumer Care
5. GEOMETRIC SOFTWARE
6. INFOTECH ENTERPRISES
7. CSM
8. CADES DIGITECH PVT LTD
9. QUEST GLOBAL

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 Chapter 3
Product profile

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PRODUCT AND SERVICES OFFERED BY L&T

i. Construction
L&T covers varied disciplines of construction, civil, mechanical, electrical and
instrumentation. It provides consultancy, design and total engineering solutions to its
customers. It carries out basic and detailed design for both residential and commercial
projects also.
ii. Heavy equipment
They manufacture and supply custom designed and engineered critical
equipment and systems to the needs of core-sector industries and the defense sector.
iii. Power
L&T-Powerfocuses on opportunities in coal-based, gas-based and nuclear
power projects. They provide turnkey solutions for setting up utility power plants as
well as co-generation and captive power plants on an EPC (Engineering, Procurement
and Construction) basis. It also provides power plant engineering services. Theyoffer
turnkey solutions for large i.e. up to 1,000 MW coal-based power plant projects based
on supercritical standards. It also offers the same capability in gas-based power plants.

iv. Ship building

L&Thas a shipyard capable of constructing vessels of up to 150 meters long
and displacement of 20,000 tons. This is to cater the needs of growing global demand
for construction of specialized oceangoing vessels. The shipyard is geared up to take
up construction of niche vessels such as specialized Heavy lift Cargo Vessels, CNG
carriers, Chemical tankers, defense and para military vessels and other role specific
vessels. They also undertake construction of specialized mid-size vessels and the
capacity is being augmented by additional infrastructure such as ship lift system and
additional outfitting workshops to extend the activities to ship repairs.The focus will
be on construction of commercial vessels, warships for the navy and the coast guard.
v. Financial services
L&Thas a spectrum of financial products and services for corporate,
construction equipment’s etc. They also provide Mutual Fund schemes for investors
in India.

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 vi. IT Services
L&T Infotechfocuses on information technology and software services.
Theirclients include industry leaders like Marsh & McLennan, Standard Life,
Travelers, Chevron, Rescale, Hitachi, Ingram Micro, Infineon, Sanyo, Lafarge, P&G,
Johnson and Johnson, HD Supply, Citi Group, Barclays, eCORPUS, Marathon, Texas
Instruments, Qualcomm, LG and Samsung among others- offers services and
solutions for the following industries: banking and financial services, insurance,
energy and petrochemicals, manufacturing.Larsen & Toubro Infotech Limited, a 100
per cent subsidiary of the L&T, offers software and services with a focus on
Manufacturing, BFSI and Communications and Embedded Systems.
vii. Engineering services
It also provides services in the embedded intelligence and Engineering space.
There are 150+ customers globally with more than 27 Fortune 500 Companies. Their
clients include Unilever, Covidien, Rockwell Automation, Danaher, United
Technologies, Cooper, P&G, Wartsila, etc.

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 Chapter – 4
Organization Structure

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ORGANISATION STUDY:
L&T Mysore largely follows a democratic style of leadership, as I’ve observed in my 5th
week were I recognize the workers how they are going to respond with the managers and
there Co-workers, and I feel there responsibility in there behavior and the employees do not
hesitate to ask any question or clarify doubts, with the managers who is approachable and
friendly with everyone.

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AWARDS AND ACHIEVENMENTS.
 CORPORATE AWARDS:
2019
 L&T has won the prestigious Dun & bradstreet (D&B) corporate awards 2019 in the
construction – infrastructure development category.
 L&T construction vertical recognized as ‘Best Performing power transmission &
distribution organization.

2018
 L&T is ranked among worlds best employers by Forbes.
 L&T received a special recognition Awards in the 2018 employees brand research
survey conducted in India by the global HR services provider Randstad. L&T receives
the award in the infrastructure and construction sector.

2017
 L&T won the prestigious ‘best capital project and infrastructure risk management
award at the India.

 INDIVALS AWARDS:
2019
 Mr. A M NAIK conferred ‘EMINENT ENGINEER AWARD’
 Mr. A M NAIK conferred the ‘PADMAVIBHUSHAN’

2018
 Mr. R. Shankar Raman conferred Business world’s best CFO Award
 Mr. A M NAIK conferred BMA Lifetime Achievement Award.
 And Business today honors Mr. A M NAIK with the Lifetime Achievement Award.

2017
 Mr. R. Shankar Raman conferred financial Express CFO of the year.
 Mr. A M NAIK conferred IMA Lifetime Outstanding Achievement Award.

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 Chapter 5
Departmental study

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Our Business:
The Electrical and electronics division (EBG) business portfolio includes low voltage
switchgear products, electrical system, energy meters, automation solutions and medical
equipment’s.

L&T meets the complex and varying needs of customers with a wide range of switchgear
products maintaining high and consistent quality standards. The rang includes power gear and
control gear products, motor starters, energy meters wires and cables and host of
complementing standard products.

It manufacture and markets a comprehensive rang as well as intelligent protection, control

and communication to meet the power distribution and motor control needs of industries.

Further , L&T offer products and systems solutions for control, regulation and monitoring. It
plans, designs, engineering and implement drive controls, automation and UPS related
projects from concepts to commissioning. The systems solutions covers a host of industry
verticals like cement, metals, paper, oil and gas water, power, food processing, etc,

A major strength of L&T is its in- house tooling facility that designs and manufacturing a
wide range of hogh precision tools, a pre-requisite for high quality product. The facility is
equipped with CAD system, and is also linked to the integrated CAD facilities.

Quality:
Quality and reliability are constantly upgraded during product development and at the
vendor’s end. State of the art equipment is used to evaluate material and components.

TEST FACILITIES:

 Torque Theometer for molding powders

 Thermo Gravimetric Analysis (TGA) laboratories for plastics
 Metallography image analyzer system for evaluation of silver contacts.
 Computerized color analyzer.

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L&T is mainly concentrate on 5 major Industry.

 ENGINEERING AND CONSTRUCTION.

 ENGINEERING CONSTRUCTION AND CONTRACTS.
 ELECTRICAL AND AUTOMATION
 HEAVY ENGINEERING.
 MACHINERY AND INDUSTRIAL PRODUCTS

In Mysuru branch deals with the

I. ELETRICAL AND AUTOMATION,

II. CONSTRUCTION,
III. INFORMATION TECHNOLOGY

I. ELETRICAL AND AUTOMATION:

 SWITCHGEAR PRODUCTS
 METERING SOLUTIONS
 MEDICAL EQUIPMENTS AND SYSTEMS
 TOOLING SOLUTIONS
 RELAYS
 METERS

 SWITCHGEAR PRODUCTS:
L&T limited is among the major manufacturing of low voltage switchgear
in the world with the sales, sophistication and range to meet global benchmarks.
In addition to its leadership position in the India market established over a decade
ago, L&T has a growing presence in international market.

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 METERNING SOLUTIONS.
L&T is India’s leading manufacturer of high quality electronic energy
meter and protection relays. It is the market leader in electronics programmable
trisectorMeters that are critical for all industrial and power utilities. From the
industrial segment, the metering solution extend to the domestic energy metering,
with the availability of static SINGLE PHASE and THREE PHASE energy
meters.

 MEDICAL EQUIPMENTS AND SYSTEMS

L&T medical’s state of the art manufacturing facilities, viz mysore
campus (Southern India) spread across 40Acres was the country’s first ISO 9001
certified medical equipment factory.
MED’s indigenous products range comprises critical care patients monitor, ECG
machines, electrosurgical diathermies and ICU ventilators. At the new facilities,
MED will launch its new platform products released by its in house design team at
the different price points covering the bottom of the pyramid segment largely
catered by the Chinese imports to the top segment addressing the corporate
hospitals

 TOOLING SOLUTIONS

L&T’s engineered tooling solutions is one of Indian’s leading tool rooms

producing some of the finest tool in the industry with high quality, precision and
reliability. Engineered Tooling Solutions (ETS) is L&T’s tooling business unit. It
was established in 1964 as a tool room to cater to the tooling needs for the
switchgear products of E&A. ETS lives by its motto - “Where every micron
matter”.

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 RELAYS

L&T offers a wide range of Protection, Control & Monitoring Relays. These are
Numerical relays suitable for Low Voltage & Medium Voltage power distribution
system. These are manufactured at L&T’s Mysore Works equipped with modern
infrastructure and employing latest testing equipment.
We offer relay solution for feeder, motor, generator, and transformer. Additionally,
we offer application-specific solutions i.e., power factor correction, differential
protection, REF protection, Voltage & Frequency protection, Arc flash protection.

 METERS

L&T is a leading player in the electricity metering segment in India.

Having entered the market in the early 90s on the strength of its indigenously
designed single-phase and poly-phase meters, it has over a decade’s experience in
design, manufacturing, and supply of electronic electricity meters to Indian
utilities. Since then, a strong emphasis on design and testing, coupled with the

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 ability to meet utilities’ express and implied needs has resulted in the development
of meters that are accurate, easy to read and more importantly reliable on the
Indian distribution network.
L&T’s meters and metering solutions have found wide acceptance in
India from all major customers including industries, private utilities, electricity
boards, transmission companies, and generation companies. (Single Phase DT
Meter – EM101+ , Three Phase HTCT Meter – ER300P, Three phase LTCT
Meters, Three Phase HTCT Multi-Port Meter etc)

II. CONSTRUCTION,

 Buildings and factories

 Transportation Infrastructure
 Heavy Civil Infrastructure
 Water and Effluent Treatment
 Renewable Energy
 Power Transmission and distribution
 Smart world & Communication

III. INFORMATION TECHONOLOGY

 Industrial
 Products
 Medical devices
 Polymer
 Telecom and hi-tech
 Transportation
 Product lifecycle management

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 FUNCTINAL DEPARTMENT

PRODUCTION DEPARTMENT:
 L&T has ENM production unit
 Production of product are:
i. Single phase Meter
ii. Three phase Meter

 Lean manufacturing system is applied for production.

 330 employees working in this department

PROCESS OF ENM PRODUCTION:

I. Calibration
II. Assembly
III. Packing

1ST STAGE:
I. CALIBRATION:
 Here the installation of software from standard meter
 Standard meters has accuracy – 0.1%
Power supply – 240V, 50Hz

2nd STAGE:
 ASSEMBLY:
Process 1:
 Magnetic test
 P1 chart check
 INIT (Initialization)
Process 2:
 Putting display covers
Process 3:
 Screwing of ground wire and panel soldering

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 Process 4:
 Checking the Material
 Communicating from optimal code
 Data collection of meters which must indicate green signal.
Process 5
 Checking accuracy
 Making balance condition.

3RD STAGE:
 PACKING:
 QUALITY CHECKING
I. After pack visual.
II. After pack functional
 Recorrecting the magnetic flux
 Packing the Zero magnified flux meter

MANUFACTURING DEPARTMENTS:
 Manufacturing Meters for transmission, huge multi-stored buildings,
apartments, etc.
 It manufactures TVM products.
 Here, TVM means Tri-vectors Meter, means 3 phase meter.
It contains 7 stages in manufacturing TVM products
1) Cycling chamber
2) Mechanical Assembly
3) Burn in room
4) Loading
5) Calibration
6) Final inspection area
7) Packing area

1stSTAGE:
 Cycling chamber
 Material will get from vendors
 Material is kept in chamber at 0c to 70c
 Material is kept for 7 hours in this chamber.

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Time maintaining cycling chamber :

2ndSTAGE:
 Mechanical assembly
1st process
 BCA cover buy from vendor
 Assemble of BCA & PCA, screws is drived
 Soldering is done.

2nd process
 Checking of voltage
 Bar code sticker are attached to meter
 Functional test area
 Meters are kept in 120 JIG
3rd process
 Sending 120 JIG to burn in room.

3rd STAGE:
 BURN IN ROOM:
 120 JIG is kept in this room
 JIG is kept for 24 hours
 Here 35c to 40c is kept.

4th STAGE:
 LOADING
 Transferring meters from 120 JIG to 60 JIG
 Soldering is done
 Then send to calibration for calibrating it.

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5th STAGE:
 CALIBRATION
 Calibrating is done from reference meter.
 LT – METER up to 4 hours
 Whole current meter up to 3 hours
 Unique number will be kept for each meter given by the customer i.e,
electricity Board
 JIG is again sent back to packing area for unscrew the meter then send to
final inspection area.

6th STAGE:
 FINAL INSPECTION ARER:
 Shield will be mounted
 Sticker is pasted according to unique number
 Again checking of Voltage , current , RTC
 Scanning done.

7th STAGE:
 PACKING AREA:
 Fixing the bottom cover
 For security providing seal to the meter
 Accuracy report is attached to the meter for reference to the customers.
 Process
a) Wielding {ultra sonic welding}
b) Screwing
c) Seals
d) Shrink wrapping
 Corton boxes used for packing the materials
 5 meters in 1 corton boxes with unique number sticker
 Finished goods transported to respected customers.

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PROCESS OF MATERIAL:

RECEIVING STORE QYALITY CONTROL ISSUING STORE

PRODUTION

FINISHED GOODS

HR ASPECTS:
“Machineries may be there, building may there… but without people it’s all nothing. People
are our only real assets.”- HENNING HOLCK-LARSEN

The organization believe that an organization is only as on success path because of its people.
The grater the investments that the organization make in the people the stronger and more
sustainable are returns. L&T is a team of more than 35000 L&T is a team of more proven
taken recode and professional skills, woven together with a common culture of trust and
caring. L&T offers its people freedom at work, unmatched leadership and the opportunity to
grow at rapid pace. It provides them challenging, interesting and motivating assignment
which bring a sense of professional fulfillment.
Employee Education Profile

16% 3% 2% 1%
Engineering (Bachelor)
BE/Btech
Mtech/ME
1%
MBA
1%
MCA
Diploma/Certificate
12% Other Graduates
Other Post Graduates
65%
Others

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TRAINING AND DEVELOPMENT

L&T IES as an organization is a learning organization which believes in continuous

learning process. At IES they train their greatest asset – the human asset with a blend of
technical and behavioral skills.

Objective:

Technical training is imparted to enhance the Software skills & Engineering Design skills of
the employees depending upon the requirements of the organization.

RECRUITMENT AND SELECTION POLICY

Trainee Recruitment:

All trainees (excluding Vocational/ In-Plant Trainees) shall be from AICTE approved
colleges. The candidates shall have first class in tenth, twelfth & BE / B.Tech / Other degree
and shall have cleared all examinations in the first attempt itself. College authorities shall
certify as to the good conduct of the candidate. Candidates shall be certified as medically fit
as per pre-employment medical checkup format of L&T.
Vocational / In-Plant Trainees:
Candidates shall submit introduction cum Project request letter duly signed by the
Principal/HOD of the College/ Institute.
Lateral Recruitment into Supervisory & Executive Cadre:
All lateral recruits to Supervisory &Executive Cadre shall be from AICTE approved colleges.
Based on Employment Application Format, the candidate shall have first class or high second
class in tenth, twelfth. It is also compulsory that the candidate shall have first class in BE /
B.Tech / Other degree. If all the above said requirement have been fulfilled then, based on
C.V and Employment Application Format, Project Managers/ Department Heads shall certify
that candidate is matching the technical requirements of the position to merit a personal
interview.
Lateral Recruitment into Covenanted Cadre:
All lateral recruits to Covenanted Cadre shall be from AICTE approved colleges. Based on
Employment Application Format, the candidate shall have first class or high second class in
tenth, twelfth and first class in BE / B.Tech / Other degree. Then the Project Managers/

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Department Heads shall certify that candidate is matching the technical requirements of the
position to merit a personal interview.
Appointments on Consultant/Contract basis:
Based on CV & Employment Application Format, Cluster Head/ Unit Head shall certify that
candidate is matching the technical requirements of the position to merit a personal
interview. Personal interviews shall be conducted by Senior Management personnel to
evaluate the candidate on technical caliber and on personal attributes. Background reference
checks is not conducted for employees hired on contractual rolls owing
to their nature & scope of job.

Appointment Letter from L&T shall include:

 The confidentiality requirements of the business.
 Acceptance of the rules and regulations of the Company.
 The abiding by the security policy documents.
 The confidentiality requirements of the customer.

Process involved in Training

Training Needs Identification

Training Calendar

Informing the Stakeholders and getting the Nominations

Conduction of the Training programme & maintaining the

Training Records

Monitoring The Success of the Training Programme

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OPERATIOANAL MANAGEMNT OF THE COMPANY:

I observe the workflow of the company and the company will follows the rules and
regulation strictly and the way they manage the things is beautifully. And want we observe is
that L&T is using some organizational model they are.
The company is following some models
I. MC KINSEY‟S FRAMEWORK.
II. PORTER FIVE FORCES MODEL.
III. JAPANESE 5S MODEL.

 By using this model in the organization/Company it is easy maintain the things and
etc. in systematic manner.
 It shows how the works to do be done in time to time
 It recognized the standard of the company.
 Good environment
 Smooth work flow in the organization.
 On time production flow, and there will be a good energy in the employees.

Corporate Social Responsibility:

Contributing towards Social Development and Growth:

L&T is an engineering and construction conglomerate with a concern for the community.
Building on over eight decades of social responsibility activities, the Company contributes to
inclusive growth by empowering communities and accelerating development through
interventions in water & sanitation, health, education and skill development. L&T-eering, a
structured volunteering programme, inspires and empowers employee volunteers or L&T-
eers to contribute their time to community development programmes supported by the
Company, thereby enhancing L&T’s social impact even further. The employees’ wives and
female employees power the Prayas Trust, driving CSR initiatives in their own capacity and
reaching out to remote communities. In the recent years we consolidated CSR programmes
with a focus on certain development areas that align with the global and national
development agenda. L&T received the highest ‘4 Good’ rating in the annual The Economic
Times ‘2 Good 4 Good’ CSR Rating Scheme based on its performance and impact created in
CSR in the period 2016-18. A total of 35 companies participated this year in the rating
scheme presented by The Economic Times, with knowledge partner KPMG.
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Through the CSR theme ‘Building India’s Social Infrastructure’ we are glad to contribute to
social change in India. Here is a snapshot of our CSR interventions across four key thrust
areas

The Activity which is going to take part in the L&T

 WATER & SANITATION:
The Integrated Community Development Program of L&T started in 2014-15,
focused on making water - the very ‘necessity of life’ - available to six water stressed
districts in Rajasthan, Maharashtra and Tamil Nadu covering 20100 households
across an area of 16844 hectares. With an agenda focused on community
empowerment throughintegrated community development, we have ensured water
availability for drinking, sanitation and agriculture.

 EDUCATION:
We commit ourselves to fulfill the dream of reaching education to each and every
child. This is done by making schools accessible, helping retaining children in school
by improving the quality of education in terms of introducing relevant curriculum,
improving teaching methods, providing infrastructure for a coducive learning
environment in schools and ensuring parent and community partcipation in creating a
learning environment at home and in the community. The future strategic plan for
interventions in the education sector includes initiating the STEM Education Project
in resource-poor government schools to teach Science and Math through hands-on
models and digital content for better comprehension and encouraging curiosity and
scientific rigour among students in government schools.

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 HEALTH:
L&T’s CSR activities in the health sector aims at making quality health care
service accessible and affordable without any having to face financial hardship.
L&T focuses on the strengthening the government Health programme like family welfare,
mother and child health care,HIV-AIDS, TB,etc

 SKILL DEVELOPMENT:
Skill development has emerged as a key strategy to realize the potential of
demographic advantage of having the youngest workforce with an average age of 29
years in India. L&T’s Skill Building initiative aims to create human resources for
improving the country’s competitiveness and growth, especially in the field of
Construction skills by training the youth.

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 CHAPTER 6
SWOT ANALYSIS

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SWOT ANALYSIS:

SWOT analysis (alternatively SWOT matrix) is an acronym for strengths, weaknesses,

opportunities, and threats and is a structured planning method that evaluates those four
elements of an organization, project or businessventure. A SWOT analysis can be carried
out for a company, product, place, industry, or person. It involves specifying the objective
of the business venture or project and identifying the internal and external factors that are
favorable and unfavorable to achieve that objective. Some authors credit SWOT to Albert
Humphrey, who led a convention at the Stanford Research Institute (now SRI
International) in the 1960s and 1970s using data from Fortune 500companies. However,
Humphrey himself did not claim the creation of SWOT, and the origins remain obscure.
The degree to which the internal environment of the firm matches with the external
environment is expressed by the concept of strategic fit.

 Strengths: characteristics of the business or project that give it an advantage over

others.
 Weaknesses: characteristics of the business that place the business or project at a
disadvantage relative to others.
 Opportunities: elements in the environment that the business or project could
exploit to its advantage.
 Threats: elements in the environment that could cause trouble for the business or
project. Identification of SWOTs is important because they can inform later steps
in planning to achieve the objective. First, decision-makers should consider
whether the objective is attainable, given the SWOTs. If the objective is not
attainable, they must select a different objective and repeat the process.
Users of SWOT analysis must ask and answer questions that generate meaningful
information for each category (strengths, weaknesses, opportunities, and threats)
to make the analysis useful and find their competitive advantage.

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Strengths:

 Focused Engineering services provider

 Parent company background in manufacturing and process industry
 Existence of skilled human resources
 Geographically situated at ideal locations
 Use of new technologies
 Provider of better services to companies in manufacturing and process industry

Weakness

 Large product development cycle

 Employee turnover is high
 Inadequate level of training of employees

Opportunity

 Future for engineering sector is very promising

 Industries in India is being looked upon as an outsourcing destination by global
companies
 Growing channel of exports in the neighbouring countries

Threats

 Not as well known as its competitors like TCS, Infosys, Wipro, etc in global market
 Employees quit and join the well known software firms which pay higher

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CHAPTER 7
Financial Ratios
and
statements

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FINANCIAL RATIOS OF THE COMPANY:

Financial ratios
   
  Mar '19 Mar '18 Mar '17 Mar '16 Mar '15
           
Investment Valuation Ratios 2 2 2 2 2
Face Value 18 16 14 18.25 16.25
Dividend Per Share 61.91 53.01 69.47 66.25 69.79
Operating Profit Per Share
620.12 531.36 704.46 641.77 613.38
(Rs)
Net Operating Profit Per
-- -- -- -- --
Share (Rs)
Free Reserves Per Share
-- 87.39 81.24 81.36 81.53
(Rs)
Bonus in Equity Capital 9.98 9.97 9.86 10.32 11.37
Profitability Ratios 8.48 8.35 7.78 8.31 9.24
Operating Profit Margin(%) 8.75 8.56 8.01 8.65 9.61

Profit Before Interest 8.1 7.86 8.53 9.24 9.62

And Tax Margin(%)
Gross Profit Margin(%) 8.1 7.86 8.53 9.24 9.62

Cash Profit Margin(%) 7.67 7.23 8.88 8.86

8.29

Adjusted Cash Margin(%) 7.43 7.05 8.06 12.94 8.54 8.52

Net Profit Margin(%) 16.55 14.05 11.89 14.31 15.72

Adjusted Net Profit Margin(%) 12.7 10.99 9.94 491.55 13.04 13.63
Return On Capital
11.80 374.63 10.11 349.78 491.55 13.51 11.67 436.97 12.67 398.78
Employed(%)

Return On Net Worth(%) 374.63 18.90 349.78 15.11 1.37 437.14 15.45 398.95 17.03
Adjusted Return on Net
1.18 1.32 1.41 1.35 1.34
Worth(%)
Return on Assets Excluding
1.41 1.37 0.21 1.43 1.43
Revaluations
Return on Assets Including
0.19 0.2 0.16 0.3 0.33
Revaluations
Return on Long Term
0.05 0.12 5.45 0.2 0.23
Funds(%)
Liquidity And Solvency
6.33 5.77 0.21 5.23 5.47
Ratios
Current Ratio 0.19 0.2 6.38 0.3 0.33
Quick Ratio 6.98 6.5 6.06 5.92 6.18
Debt Equity Ratio 5.72 5.49   5.35 5.27
Long Term Debt Equity Ratio          
Debt Coverage Ratios          
Interest Cover          
Total Debt to Owners Fund          

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Financial Charges Coverage
Ratio          
Financial Charges Coverage
Ratio Post Tax          
Management Efficiency
Ratios 27.01 29.84 37.61 32 26.07
Inventory Turnover Ratio
Debtors Turnover Ratio 3.3 3.36 2.84 2.42 2.56
Investments Turnover Ratio 27.01 29.84 37.61 32 26.07
Fixed Assets Turnover Ratio 10.96 8 7.61 4.75 4.73
Total Assets Turnover Ratio 1.39 1.27 1.19 1.13 1.16
Asset Turnover Ratio 1.43 1.3 1.21 1.17 1.23
           

Average Raw Material -- -- -- -- --

Holding
Average Finished Goods Held -- -- -- -- --
Number of Days In Working
Capital
-87.75 -112.06 -99.24 -4.93 0.95
Profit & Loss Account
Ratios
Material Cost Composition
15.04 15.53 16.68 14.64
44.51

Imported Composition of
-- -- 19.23 26.6
Raw Materials
-- 0.09 0.09 0.1 --
Consumed 21.95 -- 18.54 16.55
Selling Distribution Cost        
Composition2.66
Expenses as Composition
of Total Sales
Cash Flow Indicator Ratios        

Dividend Payout Ratio

-- -- 32 29.87
Net Profit--
Dividend Payout Ratio Cash
Profit-Earning -- -- 26.93 24.9
Retention Ratio100.00
Cash Earning Retention
100 100 64.23 67.86
Ratio100.00

AdjustedCash Flow
100 70.44 73.54
Times1.40 100
  1.63 1.66 2.13 2.16

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FINANCIAL ANALYSIS:
Cash Flow for the year 31st March 2019:

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Statement changes in equity for the year 31st March 2019:

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Statement of profit nd loss Account for the year 2018-19

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Balance sheet as on 31st march 2019

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51 | P a g e
 Chapter 8
Learning experience

FINDINGS AND SUGGESTION:

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Findings

 L&T IES offers customers a wide range of prompt engineering services

 The company has a sound financial position and a stable management
 It has high brand image
 L&T IES has parent company background in manufacturing and process industry
 Company believes in innovation
 Employees quit and join the well known software firms which pay higher
 Salary is not matching with the work done by the employees.
 The company has good sales network
 It maintains good after sales services

Suggestions of the study

 More advertisements to promote sale and customer awareness

 Salary should be given taking into consideration of their work load
 The company should reduce inefficiency, absenteeism, and idle time
 Company should concentrate on motivation, incentive schemes and should liberalize
promotion strategies.
 Upgrade the training programmers in order to increase the efficiency of workers

Limitations of the study

 Organization was reluctant to disclose some relevant information

 Certain information was vague and study based on these may not get a true picture
 Time limit is another limitation and it restricted the study in few areas

Conclusion
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 L&T has different subsidiaries located in different parts of the world. Among those
subsidiaries one is L&T, Mysuru. L&T Integrated Engineering Services (L&T IES) is a
Strategic Business Unit of Larsen & Toubro Limited. Its’ Mysuru office is situated in the
L&T Campus at MYSURU. The study was conducted at this office. It has Finance
department’, and ‘HR department’, ‘Production department’, ‘Info tech service’, in this
campus,

The study was conducted with a view to understand the functions of L&T IES and its various
verticals and horizontals. During the course of study, I was successful in achieving these
objectives and could familiarize with an organization andits environment.

BIBLIOGRAPHY:-
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 https://www.moneycontrol.com/stocks/company_info/print_main.php
 http://www.larsentoubro.com/corporate/about-lt-group/awards-recognition/
 http://www.larsentoubro.com/corporate/about-lt-group/facilities/india/mysore-
 http://en.wikipedia.org/wiki/Larsen_%26_Toubro


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