CII Honours L&T's Co-founder, Mr. Henning Holck-Larsen

Mr. Henning Holck-Larsen, co-founder along with Mr. Soren Kristian Toubro, of Larsen & Toubro Limited (L&T) and Chairman Emeritus of the Company was honoured by the Confederation of Indian Industry (CII) on May 2, 2000. Mr. Holck-Larsen was presented a silver plaque on the occasion by Mr. Arun Bharat Ram, President, CII. The plaque read: In honour of Mr. H.Holck-Larsen for his vision and spirit of entrepreneurship.

Among the speakers who lauded Mr. Holck-Larsen's achievements were Mr. Pradeep Mallick, Chairman, CII (Western Region), Mr. A. M. Naik, M.D. & C.E.O., L&T, and Mr. Arun Bharat Ram, President, CII.

Mr. Bharat Ram said: "We are gathered here to honour one who came far away from home, with a spirit of adventure. In L&T he has left us with an asset which we can but envy. There are many stories of creation of wealth, but then Mr. Holck-Larsen created his for India. Mr. Holck-Larsen, you are an epitome of success and your creation carries the insignia of excellence. So be proud, because we are proud and honoured to call you our own."

In his tribute Mr. Naik said: "Mr. Holck-Larsen has been a visionary par excellence. He had already visualised today's buzzwords a few decades ago, covering recruitment and promotion by merit, development of indigenous know-how and capability, export promotion and a high rate of re-investment of surplus to sustain a rapid rate of growth."

Mr. Holck-Larsen along with his former classmate, Mr. Soren Toubro, had set up L&T as a partnership in 1938 for importing Danish dairy equipment, operating from a small room in Ballard Estate, Mumbai. L&T has since grown into a premier engineering and construction company in India largely due to Mr.Holck-Larsen's vision which was always in tune with the country's national goal of self-reliance in industry. Mr. Holck-Larsen prides himself on being an engineer and, at almost 93, continues to take keen interest in L&T's activities. He has been honoured with the prestigious Ramon Magsaysay Award for International Understanding. He has also received the Sir Jehangir Ghandi Medal for Industrial Peace and the Bombay Chamber of Commerce and Industry's felicitations on his signal contribution to the Indian Industry, particularly for keeping in mind the ideal of serving, through L&T, India's true national interests.

L&T Scores New Record Rs. 771 crore Orders for Refineries

L&T recently secured a series of orders for supply of plant and equipment to various refineries of Indian Oil Corporation Limited (IOCL) totalling over Rs.771 crores.

The latest order is from Haldor Topsoe A/S (HTAS) Denmark for supply of two reformer packages for a hydrogen plant of IOCL, Gujarat, at Baroda, with a total capacity of 145,000 mtpa.

The order value for the complete package is worth Rs.89 crores. The job is to be completed by May 2002.

HTSA, Denmark received the main order from IOCL, Gujarat, for technology license, PSA system, catalysts supply and reformer packages.

L&T's scope includes detailed engineering, supply of imported and indigenous goods and site erection work for two reformer packages each of 72,500 mtpa. The scope of supply includes radiant chamber, convection modules, hot parts, ID/FD blowers, APH, burners, stack, refractories, RG boiler/steam drum along with all ducting and piping.