Subramanian Sarma holds a degree in Chemical Engineering and a master’s degree from IIT Mumbai. With over 40 years of experience, he is a seasoned professional, including 30 years of expertise in the Middle East. During his career span, Sarma has handled the complete Oil & Gas value chain across various geographies. Prior to joining L&T, Sarma served as managing director of a large EPC company. He was appointed on the board of L&T in August 2015.

S.N. Subrahmanyan, chairman & managing director, said, "Sarma has been instrumental in transforming our Hydrocarbon and Energy businesses, driving innovation, operational excellence, and global competitiveness. His elevation is well deserved, and I am confident that his leadership will further strengthen L&T’s growth trajectory."

Meanwhile, the company's board approved long term borrowings of upto Rs 12,000 crore, including through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate.

Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Larsen & Toubro reported a 13.96% increase in consolidated net profit to Rs 3,358.84 crore in Q3 FY25 compared with Rs 2,947.36 crore in Q3 FY24. Revenue from operations jumped 17.31% YoY to Rs 64,667.78 crore in Q3 FY25.

The scrip added 2.03% to end at Rs 3,417.35 on Friday, 21 March 2025.