International Research Institute for Manufacturing (IRIM) has conferred L&T Construction Equipment Ltd. (LTCEL) with a Silver Award for manufacturing excellence. On September 28, 2018, Chief Executive Mr. D Keshava Kumar received the award at a formal felicitation ceremony held in Mumbai.
LTCEL enrolled for the National Award for Manufacturing Competitiveness 2017-18 with IRIM India in April 2018. The assessment for manufacturing competitiveness was carried out in July 2018 for four days by lead assessors from Mumbai.
A priority adapt exercise was conducted for LTCEL business and a joint brainstorming session with top management resulted in arriving at focus areas to achieve the strategic plan. Weightages were then given to the ten critical indicators of manufacturing competitiveness based on their influence on focus areas identified.
Individual functional areas from marketing, production, materials planning & procurement product design and engineering, Quality systems, Asset upkeep were assessed for performance and excellence. The assessment concluded with a formal interaction with LTCEL CE.
IRIM assessed LTCEL on two important principles viz., responsiveness to change and ability to eliminate waste.
IRIM conferred LTCEL with a facility scoring of 71.47 which corresponds to a Silver Award. The honour puts LTCEL in the same basket as the top twenty manufacturing companies in India.