<Li> Larsen & Toubro Infrastructure Finance: this wholly owned subsidiary commenced business in January 2007 upon obtaining Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India (RBI). As of 31 March 2008, L&T Infrastructure Finance had approved financing of more than US $1 billion to select projects in the infrastructure sector . It received the status of "Infrastructure Finance Company" from the RBI within the overall classification of "Non-Banking Financial Company". </Li> <Li> L&T Technology Services, a subsidiary of Larsen & Toubro, is a global engineering services company headquartered out of Vadodara, Gujarat, India . It offers design, development and testing solutions across the product and plant engineering value chain, for various domains including Industrial Products, Transportation, Aerospace, Telecom & Hi - tech, and the Process Industries . As of 2016, L&T Technology Services employs over 10,000 workers, across 12 global delivery centres and has operations in 35 locations around the world . Its clientele includes a large number of Fortune 500 companies globally . </Li> <Li> L&T Valves business group markets valves manufactured by L&T's Valve Manufacturing Unit and L&T's joint - ventures, Audco India Limited, India and Larsen & Toubro Valves Manufacturing Unit, Coimbatore as well as allied products other manufacturers . The group's manufacturing unit in Coimbatore manufactures industrial valves for the power industry, along with flow control valves for the oil and gas, refining, petrochemical, chemical and power industries, industrial valves and customised products for refinery, LNG, GTL, petrochemical and power projects . L&T Valves Business Group has offices in the USA, South Africa, Dubai, Abu Dhabi, India and China, and alliances with valve distributors and agents in these countries . </Li> <Li> L&T - MHPS Boilers is a joint - venture between L&T and Mitsubishi Hitachi Power Systems . The group specialises in engineering, manufacturing, erecting and commissioning of supercritical steam generators used in power plants . It is mainly headquartered in Faridabad with a manufacturing facility in Hazira and an engineering centre in Chennai and Faridabad . Currently the group is engaged in projects for JVPL, MAHAGENCO, Nabha Power & RRVUNL . </Li>

Is larsen and toubro a fortune 500 company