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Company Directory - Larsen & Toubro Limited

Company Details - Larsen & Toubro Limited

Larsen & Toubro Limited Logo

Larsen & Toubro Limited

Website

Mumbai, India

BSE: 500510, NSE: LT 

Larsen & Toubro Limited is a leading engineering and construction conglomerate that delivers complex infrastructure projects and innovative solutions across sectors including technology, manufacturing, and financial services. The company is known for its expertise in designing, building, and managing significant projects and has a strong presence in India and globally.

CCI Score

CCI Score: Larsen & Toubro Limited

-47.18

0.03%

Latest Event

Alleged Labor Rights Violations at Cameroon Construction Site

Migrant workers from Jharkhand reportedly experienced labor rights violations at a Larsen & Toubro construction project in Cameroon, where they were allegedly forced to work without wages. Despite later payment of pending wages, the incident raises serious concerns about the company's labor practices and treatment of vulnerable workers.

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QUISLING

Larsen & Toubro Limited is currently rated as a Quisling.

-44 to -59 CCI Score
These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

  • Alleged Labor Rights Violations at Cameroon Construction Site Logo
    JUL
    29
    2024

    Migrant workers from Jharkhand reportedly experienced labor rights violations at a Larsen & Toubro construction project in Cameroon, where they were allegedly forced to work without wages. Despite later payment of pending wages, the incident raises serious concerns about the company's labor practices and treatment of vulnerable workers.

  • -80

    Labor Relations and Human Rights Practices

    March 19

    The article details an incident where 27 migrant workers from Jharkhand were allegedly forced to work without wages at a construction site linked to Larsen & Toubro in Cameroon. This raises significant concerns under the 'Labor Relations and Human Rights Practices' category, reflecting potential exploitation and violation of labor rights. Although the company eventually paid pending wages, the initial abuse and non-response to inquiries from human rights organizations underscore a pattern of neglect for worker protection, leading to a strongly negative rating.

    Cameroon: Migrants from Jharkhand allegedly 'forced to work' without wages on Larsen & Toubro construction site; incl. co non-response

  • L&T Political Contributions Disclosure Logo
    MAR
    23
    2024

    Larsen & Toubro Limited is reported among the eight Sensex companies that disclosed their political contributions over the past five years, raising concerns about its potential influence on political processes.

  • -30

    Political Contributions and Lobbying Efforts

    March 23

    L&T is cited in an article noting that only eight Sensex companies disclosed political donations over the past five years. This disclosure, while transparent, indicates that the company is actively engaged in political contributions. From a left-leaning perspective, such significant political donations can be seen as enabling corporate influence in politics, which may indirectly support authoritarian agendas.

    Only 8 Sensex companies disclosed political donations in five years | News on Markets - Business Standard

  • Political Donations Disclosure by Larsen & Toubro Limited Logo
    MAR
    23
    2024

    Larsen & Toubro Limited disclosed that it contributed ₹85 crore through electoral bonds and other financial instruments over the past five years. This opaque political donation practice raises concerns over transparency and accountability in supporting political entities that may facilitate authoritarian influences.

  • -40

    Political Contributions and Lobbying Efforts

    March 19

    The disclosed political donations via opaque channels such as electoral bonds are concerning. Such contributions risk supporting a political environment that may favor authoritarian practices, undermining transparent democratic processes. From a left-leaning anti-fascist perspective, this lack of clarity in political financing is a negative indicator of corporate complicity in politically questionable practices.

    Only 8 Sensex firms disclosed political donations in 5 years

  • Non-response to Worker Wage Theft Allegations in Cameroon Logo
    OCT
    01
    2023

    Larsen & Toubro has been criticized for not addressing claims of wage theft affecting Indian workers on a construction site in Cameroon, raising serious concerns about its labor relations and ethical responsibilities.

  • -60

    Labor Relations and Human Rights Practices

    March 19

    The company's non-response to allegations of wage theft on its Cameroon construction site indicates a neglect of labor rights and fair employment practices. This disregard for worker protection and failure to address the issue contributes to a negative assessment under Business Practices and Ethical Responsibility, particularly within the realm of Labor Relations and Human Rights Practices.

    Larsen & Toubro non-response to Indian worker wage theft in Cameroon

Industries

236220
Commercial and Institutional Building Construction
237310
Highway, Street, and Bridge Construction
237990
Other Heavy and Civil Engineering Construction
333120
Construction Machinery Manufacturing
541330
Engineering Services