R. Shankar Raman Promoted to President Position at L&T

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R Shankar Raman has been promoted to the position of President at Larsen and Toubro (L&T), the engineering and construction conglomerate.

An Overview of the News

• Alongside his new role, Raman will retain his positions as whole-time Director and Chief Financial Officer (CFO) of the company.

• Subramanian Sarma, the Senior Executive Vice President (EVP) of Energy at L&T, has also been promoted to the role of whole-time Director and President of Energy.

• Sarma's responsibilities now extend to overseeing hydrocarbon, power, and green manufacturing and development businesses within the company.

• Raman originally joined the L&T Group in November 1994 to establish L&T Finance Ltd, a wholly owned subsidiary, and later transitioned into the CFO role before joining the board in October 2011.

• Larsen & Toubro is a prominent Indian multinational enterprise with a revenue of USD 27 billion, engaged in Engineering, Procurement and Construction (EPC) projects, hi-tech manufacturing, and services across various regions.

Larsen & Toubro (L&T):

• It is a leading Indian multinational enterprise valued at USD 27 billion.

• L&T focuses on Engineering, Procurement, and Construction (EPC) projects, advanced manufacturing, and diversified services.

• The company operates across various global regions, contributing to its diverse portfolio of businesses.

• Recent leadership appointments highlight L&T's commitment to bolstering its management team.

• These appointments aim to position L&T for ongoing growth and success in the engineering and construction industry.