Architecture-related Larsen & Toubro Ltd. announced on Friday, March 21 that the company’s full-time director and president, Subramanian Sarma, has been promoted to deputy managing director and president.
According to the official announcement, SARMA’s appointment will take effect from April 2, 2025, and SARMA’s term of office has also been extended to February 3, 2028.
“Sarma has played a role in transforming our hydrocarbon and energy business, driving innovation, operational excellence and global competitiveness. His improvement deserves and I believe his leadership will further enhance the growth trajectory of L&T.”
Who is Subramanian Sarma?
Subramanian Sarma served as the entire director and president of Larsen & Toubro until Friday’s appointment with Deputy MD.
SARMA holds a graduation degree in chemical engineering and later received a master’s degree from Indian Technical Institution (IIT) Mumbai.
Sarma has more than 40 years of experience and has worked with the company for 30 years in the Middle East. Using L&T, SARMA is responsible for handling the complete oil and gas value chains in multiple countries.
Prior to joining L&T, SARMA led one of the global EPC contractors, serving as managing director of the Middle East oil and gas division for four years, the official press release said.
“I am honored to take on this new role as L&T witnesses strong growth and expansion. I thank the CMD&L&T board members for the ongoing trust. I look forward to contributing to the company’s long-term vision and creating sustainable value for stakeholders,” Salma said in an official statement.
L&T stock price
Larsen and Toubro (LT) shares closed at 2.03% ₹3,417.35 after Friday’s stock market meeting ₹Previous market closed at 3,349.20.
The company announced its move to raise funds through debt issues, which will focus on stocks on Friday after it acquired and closed in the green zone.
“We want to tell you that the company plans to meet the company’s board of directors on Friday, March 21, 2025,” the company said in a press release.
