Recently, Larsen & Toubro (L&T) Chief Financial Officer R Shankar Raman said that the engineering major has increased its workforce by 10 percent in the past year, adding close to 8,000 people in 2023-24, and plans to keep expanding its workforce till 2025-26.
Between December 2022 and 2023, L&T increased its workforce in the main engineering division by 10-11 percent. CFO R Shankar Raman told MoneyControl that future growth will hover around 10 percent, influenced by attrition and talent competition.
L&T aims to expand its staff in West Asian countries, particularly Saudi Arabia, where it has established fabrication shops. As of March 31, 2023, L&T had 49,039 permanent employees, including 3,493 women, and 228,818 contract workers.
The Saudi government encourages L&T to enhance local skills, and the company is training Saudi graduate engineers. With a $16 billion order book in Saudi Arabia, L&T seeks to onboard senior leadership and on-floor talent there.
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“Their 2030 vision remains active. With nearly $16 billion in projects, we’ll be busy for the next two and a half years,” said Raman. L&T will continue to hire employees to execute its ever-growing order books.
“We will continue to hire until 2025-26 to plan the next five years and ensure timely execution of our current order book,” Shankar Raman said after L&T’s Q4FY24 earnings.
Explore Job Opportunities at L&T
The company is hiring across the country and inviting job applications from experienced professionals for various roles across India. Experienced people may also Click Here to explore more job opportunities with L&T.
You can also click on the company’s LinkedIn Page for fresh job opportunities or Job Portals. The company has also posted various positions which can be applied for by a Click here.
Recently Bagged Projects
On July 1, 2024, Larsen & Toubro (L&T) announced securing a ‘significant order’ from Oil & Natural Gas Corporation (ONGC), valued between Rs 1,000-2,500 crore. The project was awarded to L&T Energy Hydrocarbon (LTEH), according to a BSE filing.
In May 2024, Larsen & Toubro (L&T) announced that its buildings and factories business vertical has secured multiple orders. Among these is a project from the Institute of Neurosciences Kolkata to construct a medical college and hospital campus in Kolkata on a design and build mode.
About L&T
Larsen & Toubro (L&T) is a major engineering and construction conglomerate headquartered in India, with a global presence spanning over 30 countries. It operates in diverse sectors including infrastructure, hydrocarbon, power, and technology, delivering large-scale projects and solutions worldwide.
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