L&T chairman A M Naik awarded India's second-highest civilian title
Indian contracting heavyweight's boss conferred with Padma Vibhushan 2019 honours by President Ram Nath Kovind
Indian engineering heavyweight Larsen & Turbo’s (L&T) chairman, A M Naik, was conferred with India’s second-highest civilian award, the Padma Vibhushan, by President Ram Nath Kovind on 16 March, 2019 during a ceremony held at the Presidential Palace in capital city New Delhi.
Naik started his career at the Bombay Stock Exchange-listed company in 1965 as an engineer, and became its chairman in 2003.
In 2009, Naik was conferred with the Padma Bhushan, India’s third-highest civilian award. His award came less than a decade after L&T’s co-founder Henning Holck-Larsen received the Padma Bhushan in 2002.
Naik is known for spearheading some of L&T’s largest projects in the defence, nuclear power, aerospace, infrastructure, water, and hydrocarbon sectors.
Commenting in a statement released by L&T, Naik said: “The Padma Vibhushan is an acknowledgement of the contributions made to the nation, industry, and society by L&T – the company I am proud to have served for over five decades and led for the last two.
"I thank the Government of India for this honour."
L&T is among the Middle East's busiest construction outfits. In a February 2019 bourse filing, the company announced the award of multiple engineering, procurement, and construction orders to its construction arm from clients in India and the Middle East.
The company’s power transmission and distribution business had been awarded a UAE government order for the construction, supply, installation, testing, and commissioning of a 132/11kV substation and associated works.
The unit also won a contract to build 115kV substations with “associated transmission lines and cable circuits” in Saudi Arabia, in December 2018.