Engineering and construction major Larsen & Toubro on Friday said it has elevated Subramanian Sarma as deputy managing director and president. He is wholetime director and president, energy now.
The company said the elevation will come into effect from April 2, 2025. The board has also decided to extend his term to February 3, 2028 subject to shareholders’ approval in the upcoming annual general meeting, it said.
ALSO READRE sector hiring to grow at 19% in FY25: Report
Sarma was appointed on the board of L&T in August 2015.
Energy contributed nearly 13.5% in terms of revenues in FY24 and nearly 25% of L&T order book in FY24.
“Sarma has been instrumental in transforming our hydrocarbon and energy businesses, driving innovation, operational excellence, and global competitiveness. His elevation is well deserved, and I am confident that his leadership will further strengthen L&T’s growth trajectory,” said SN Subrahmanyan, CMD of the conglomerate.
A graduate in chemical engineering, . Sarma completed his master’s from IIT Mumbai. Sarma has over 40 years of experience, with 30 years being in the middle east. . Prior to joining L&T, Sarma served as managing director of a large EPC company. .
Infra.market looks to tie up with miners, factories for home furnishing foray
Under Sarma’s leadership, L&T’s energy portfolio has emerged as one of the leading EPC (engineering, procurement and construction) contractor globally, by achieving record financial results and being ranked among the top three EPC contractors in the oil & gas sector (Middle East) for four consecutive years, L&T said.
“I am honored to take on this new role at a time when L&T is witnessing strong growth and expansion. I look forward to contributing to the company’s long-term vision and creating sustainable value for stakeholders” Sarma said.
» Read More
