• AI for BFSI

    AI for BFSI
    L&T Finance’s RAISE ‘24 offers a glimpse into the many ways AI is revolutionising financial services
     
    In November 2024, L&T Finance (LTF) hosted a grand AI-themed event – RAISE ‘24 – bringing together a dynamic mix of regulatory leaders, unicorn start-ups and deep tech firms.
     
    Hosted in Mumbai, the marquee event was for the banking, financial services, and insurance (BFSI) sector and centred around the theme ‘Re-Imagining Financial Services with AI’.
     
    With as many as 1,400 in-person attendees and over 3,000 participants joining virtually, RAISE ‘24 literally created a buzz. CNBC-TV18 served as the media partner, broadening the reach and impact of the event.
     
    Delivering a keynote address, L&T CMD S N Subrahmanyan, who also happens to be the Chairperson of LTF, spoke on the vision for 2047 and how AI can be leveraged to realise India’s Viksit Bharat aspirations.
     
    Rajesh Bansal (CEO – Reserve Bank Innovation Hub) highlighted the importance of AI-driven financial inclusion and equitable digital infrastructure.

    The event featured 52 guest speakers who led engaging panel discussions and enlightening masterclass sessions. Key topics explored included responsible credit risk assessment, real-time payment innovations, maximising customer engagement, and the impact of AI on UI/UX design.
     
    During the event, LTF rolled out four key initiatives:
     
    Partnership with Amazon Pay: The strategic fintech partnership is to make purchases more affordable for Amazon’s eligible customers and merchants. The collaboration will support LTF’s product diversification and improve credit access for consumers quickly and efficiently. It will foster financial inclusion and responsible lending in India’s growing digital economy.
     
    Knowledgeable AI (KAI): AI-powered chatbot designed to streamline home loan application process. It offers 24x7 personalised assistance in English and Hindi, addressing queries about loan eligibility, documentation, and interest rates. KAI also provides guidance on EMI options and required documents, ensuring a seamless user experience.
     
    Project Cyclops: An AI-driven next-gen digital credit engine for real-time credit risk assessment for two-wheeler and farm equipment finance.

    Pearl Anniversary Challenge: Invited innovators to predict farmer incomes using diverse datasets like weather, soil quality, and market prices.

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  • Advancing Al-Shaheen

    Advancing Al-Shaheen
    L&T puts Qatar’s largest oil field expansion project on the path to completion
     
    The Ruya Development Project (Package 12) in Qatar, being implemented by L&T Energy Hydrocarbon (LTEH), got rolling with the first steel cutting ceremony hosted in November 2024. The engineering, procurement, construction, installation and commissioning (EPCIC) package pertains to the expansion of Qatar’s largest oil field Al-Shaheen. Ruya means 'vision' in Arabic. 
     
    Operated by Qatar’s North Oil Company (NOC), Al-Shaheen is a conventional offshore oil reservoir, approximately 70 km north-northeast of Ras Laffan. It overlays the Pre-Khuff North Field, which is the world’s largest non-associated gas field (a gas field that does not produce crude oil).
     
    The steel cutting ceremony, hosted at LTEH’s Modular Fabrication Yard at Sohar in Oman, signifies the commencement of fabrication for Package 12.
     
    The event was graced by NOC’s Frédéric Paux (CEO), Vinod Singh (VP, Major Projects), Shanthakumar Rajenthran (Ruya Project Manager) and Loic Delebecque (Technical & JV Manager, Al-Shaheen – TotalEnergies). From L&T, were present Subramanian Sarma (Whole-time Director & President (Energy) – L&T), E S Sathyanarayanan (COO – Middle East, LTEH), and Parthasarathi Chatterjee (EVP & Head – Offshore, LTEH).
     
    Addressing the gathering, Mr Sarma emphasised L&T’s pivotal role in advancing Qatar’s energy infrastructure.
     
    Al-Shaheen is undergoing an extensive development to enhance its production capacity. L&T’s scope includes setting up a Riser Platform to be linked to the Bridge & Electrical (BE) Platform, integration of risers and J-tubes, and brownfield jobs at the existing BE Platform and Electrical Distribution points, involving tie-ins and network integration.
     
    The package has already made significant progress such as completion of 60% model review, hazard identification, hazard & operability study, safety integrity level, and constructability workshops. Up to the first steel cutting, the project recorded 6.6 million safe manhours.
     
    As the steel sparks flew at the Sohar Yard, the steel cutting ceremony not only marked the commencement of fabrication but also demonstrated L&T’s resolve to build a sustainable-energy future.

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  • Far East Foray

    Far East Foray
    An MoU sets the stage for LTSCT’s foray into the Japanese market.
     
    The Far East will not remain far for L&T Semiconductor Technologies Ltd (LTSCT) anymore! Very soon it will be developing semiconductor products tailored for the Japanese market.
     
    LTSCT took the first step in that direction by inking a memorandum of understanding (MoU) with Tokyo-based Marubun Corporation. Finalised in December 2024, the collaboration aims to leverage Marubun’s market expertise in Japan and LTSCT’s strengths in India.
     
    The MoU outlines a comprehensive framework for market research in Japan to support LTSCT’s drive to develop products for the Japanese market. In return, Marubun will leverage LTSCT’s comprehensive capabilities to build an ecosystem for expansion into the Indian market or for reviewing their global supply chains.
     
    The partnership assumes significance as the global semiconductor industry witnesses a geographic shift, with Asia emerging as a major player. The growing demand for specialised chips and the rapid pace of technological advancements will further intensify competition.
     
    LTSCT focusses on delivering innovative semiconductor technologies and solutions to customers worldwide, and this collaboration is likely to help build the semiconductor ecosystem by combining LTSCT’s innovative capabilities with Marubun’s market expertise in Japan.

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  • Exhibiting Excellence

    Exhibiting Excellence
    Komatsu and L&T reaffirm commitment to innovation and sustainability at major industry exhibition
     
    L&T and Komatsu showcased technological prowess at bauma ConEXPO 2024, one of India’s largest exhibitions of construction machinery, hosted this time at Greater Noida from 11-14 December 2024.
     
    The L&T stall was inaugurated by Union Minister of Road Transport & Highways, Nitin Gadkari, who also unveiled Komatsu’s latest offering – PC35MR-3 mini hydraulic excavator.
     
    The first PC35MR-3 was handed over to L&T customers S Venkatesan and M Devaraju of Amman Earth Movers. Tailored for urban sites where space is a constraint, the excavator is ideal for trenching, land development, and demolition.
     
    With its high lifting capacity, reach, and fuel-efficiency, PC35MR-3 offers unmatched reliability and durability. Users also stand to benefit from lower environmental footprint due to a reduction in noise, vibration and emissions.
     
    Apart from several other hydraulic excavator models, the L&T stall also displayed Komatsu attachments and Komatsu Recon Engine. A dedicated counter showcased Komatsu’s latest Smart Construction Solutions, which harness technology to provide accurate data, comprehensive reporting and remote capabilities.
     
    The Komatsu Oil Wear Analysis counter demonstrated how preventive-maintenance technology can enhance machine performance and longevity. The stall also showcased Machine Care Programme-5, which offers a five-year or 12,500-hour extended powertrain warranty (whichever is earlier) on a select range of machines.
     
    In tune with the Atmanirbhar Bharat mission, also on display were L&T’s indigenously manufactured machines and attachments – such as wheel-loader, soil compactor, tandem and mini tandem compactors, pneumatic-tyred roller, slope compactors and rock-splitters. The eC1300 Crusher Cone, which underlined L&T’s focus on sustainable and indigenous solutions, was the prime attraction.
     
    An area was earmarked to enlighten visitors on the stark differences between genuine and lookalike spares and the advantages of using the former. Adding a touch of delight to the hard-core machinery exhibition was a stall offering visitors miniature models, keychains and collectibles.
     
    bauma ConEXPO gave Komatsu and L&T an opportunity to demonstrate their leadership in the industry through a wide array of machines and solutions that reaffirm commitment to innovation, sustainability, safety and solutions tailored to Indian conditions.

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  • Mining Marquee

    Mining Marquee
    Komatsu and L&T shine at international exhibition
     
    Komatsu and L&T stole the show at the International Mining & Machinery Exhibition 2024 (IMME) hosted at Kolkata’s Science City Exhibition Ground in late October.
     
    IMME, the largest mining exhibition in the east, brought together industry leaders, customers, and professionals, providing a perfect platform to showcase advancements in sustainable mining technology.
     
    Despite cyclone Dana, the Komatsu-L&T stall attracted a sizeable number of visitors – including representatives from major organisations like Coal India, SAIL, Tata Steel, JSW Steel, NMDC, Ultratech Cement, Dalmia Cement and Shree Cement.
     
    Komatsu and L&T highlighted their sustainable solutions for mid-to-mega mining projects. Seeking greener solutions, the visitors were particularly impressed with Komatsu’s B20, biofuel-compliant range of mining machines.
     
    By focusing on innovation, sustainability, and customer-centric solutions, they demonstrated their commitment to industry growth, delivering exceptional value.
     
    The stars of the show were Komatsu PC4000 (a 400-tonne hydraulic excavator) and the 730E (a 190-tonne electric drive dump truck). The efficiency and durability of these machines set new standards in cost-effective performance and longevity, even under tough conditions.
     
    An interactive kiosk enabled customers to explore Komatsu’s entire range of mining machines that are distributed in India by L&T.

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  • SuFin Symphony

    SuFin Symphony
    L&T-SuFin’s pan-India engagements continue to generate widespread interest among MSMEs
     
    Micro, Small and Medium Enterprises (MSMEs) across industrial clusters nationwide benefit greatly from the knowledge-sharing initiatives of L&T-SuFin, a fast-growing B2B e-commerce platform.
     
    Through a series of impactful knowledge- sharing sessions, partnerships, and industry collaborations, the platform has reinforced its commitment to driving digital transformation to foster growth in the MSME sector. 
     
    In November-December 2024, the SuFin team visited Rajkot, Ludhiana, Jamshedpur and Gurugram, where their transformative sessions attracted key industry leaders and associations. Key SuFin personnel, including Chief Executive Bhadresh Pathak, Chief Revenue Officer Ashish Kaistha and Chief Marketing Officer Vivek Gupta, made insightful presentations.
     
    At New Delhi, SuFin participated as Gold Partner in the Infrastructure Conclave hosted in November by the Bengal Chamber of Commerce & Industry on Chamber of Commerce & Industry on “Strategising Infrastructure Growth to Reach a $7 Trillion Economy by 2030.” Insightful discussions with D K Sen (L&T’s Executive Committee Member and Chair of the National Infrastructure Committee, BCC&I) and SuFin Chief Executive Mr Pathak were the high points of the event.
     
    SuFin’s insights continue to resonate with MSME stakeholders, creating avenues for digital adoption, operational efficiencies, and sustainable growth. By forging strong partnerships and fostering meaningful dialogues, the e-commerce entity is solidifying its position as a pivotal player in India’s journey toward self-reliance.

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  • Powering Project Management

    Powering Project Management
    L&T’s ecosystem partners benefit from programmes conducted by L&T Institute of Project Management
     
    L&T Institute of Project Management (IPM) was set up to enhance the effectiveness of project managers in L&T as well as its valued customers.

    In the past few months, IPM conducted programmes for the executives of Gmmco, Tata Chemicals, Steel Authority of India Limited (SAIL) and Gas Authority of India Ltd (GAIL).
     
    Gmmco
     
    IPM conducted two programmes for the CK Birla Group company Gmmco in August-December 2024. ‘Strategic Leadership & Project Advancement through Resilience & Knowledge (SPARK)’ was for the top management; ‘Leadership, Execution, Agility & Decision Making'  (LEAD) was for general managers.
     
    Conducted at L&T's Leadership Development Academy (LDA) at Lonavala, the six-day SPARK was aimed at equipping the participants with critical skills and knowledge necessary to develop strategic leadership, enhance project advancement, build team resilience, and master risk management.
     
    LEAD, the one-year four-module programme, was designed for Gmmco project managers seeking to enhance their management skills in the context of infrastructure projects. It was managed by IPM Dean Prof Rajiv Nehru, Dy Dean Prof Manish Jantikar and faculty Dr S P Srinath.
     
    LEAD combines theoretical knowledge with practical experience, equipping participants with the tools to excel in complex engineering endeavours. It seeks to develop requisite management skills and equip the participants with latest tools and techniques to manage complex domestic and international projects. It also upskills project execution talent to support leadership ascent of high-calibre project professionals.
     
     
    Tata Chemicals
     
    In September-December, IPM conducted the Project Management Professional (PMP) Preparatory Programme at the Tata Chemicals plant at Mithapur in Gujarat.
     
    The programme was delivered in two batches, each comprising 30 participants with around 20 years of professional experience in diverse backgrounds such as projects, design, and operations. The programme was delivered by IPM faculties Dr Avirag Bajpai and Arun Vetrivel.
     

    SAIL

    IPM designed a multi-module ‘Advanced Course in Project Management (ACPM) to enhance project management competencies of SAIL professionals – specifically those involved in greenfield and brownfield projects.
     
    The programme covered various facets/disciplines of advanced project management and was conducted over three six-day modules – Kick-Starting the Project, Getting Execution Ready, and Realising Value & Completion. It was managed by IPM’s Dr Avirag Bajpai and Prof Sunil Kumar.
     
    ACPM covers effective project management practices that help reduce cost, meet deadlines, and increase efficiency. The programme enables participants to grasp the essential elements of project planning and equips them with tools and the confidence for implementation.
     
     
    GAIL

    The project executives of the GAIL benefitted from the three-day programme conducted in New Delhi in December 2024.
     
    The topics covered were Project Scanning and Financial Criteria, Cost-Benefit Analysis and Environmental Management, Project Financing and Budgeting, Cost Management Techniques, Advanced Project Planning and Control. It was managed by Prof Sunil Kumar.
     
    To request IPM to conduct training sessions for your company, you can write to Dr S P Srinath purushothaman.srinath@lntipm.org or Prof Sunil Kumar: skumar@lntipm.org. 

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  • Melody & Metro

    Melody & Metro
    When a mellifluous Shreya Ghoshal took the stage in November at LB Stadium in Hyderabad, L&T Metro Rail Hyderabad Ltd was proud to be the official travel partner for the gala.
     
    The evening, filled with enchanting melodies, captivated a crowd of 30,000-odd music lovers, many of whom travelled by the metro for this mesmerising show. The metro rail employees were among the melophiles.
     
    As Shreya’s dulcet voice soared through the arena, the collaboration marked not just a night of music, but a seamless blend of travel, culture, and connection.
     
    Here’s to many more harmonies to come!

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