L&T acquires Ramboll's Stake in L&T-Ramboll Consulting Engineers Limited
The company will continue to offer single point ‘concept to commissioning’ consultancy services for infrastructure projects like airports, roads, bridges, ports and maritime structure including environment, transport planning and other related services.
LTR was incorporated in 1998 with L&T contributing 50% of the authorized and paid-up capital. Ramboll Denmark AS and Industrialization Fund for Developing Countries (IFU) contributed 26% and 24% respectively. Ramboll Denmark AS had purchased IFU’s 24% stake in 2004.
LTR has approximately 250 engineers on board, with registered office in Chennai, and regional offices in Hyderabad, Delhi and Mumbai.
Post-acquisition, the company is proposed to be renamed ’L&T Infrastructure Engineering Limited’
S. N. Subrahmanyan, Member of the Board and Senior Executive Vice President (Infrastructure and Construction) said “This acquisition is a significant move to strengthen our EPC offering in the infrastructure sector. With a track of successful projects and international exposure, L&T Infrastructure Engineering will be providing engineering services for infrastructure projects”
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