Oct - Dec 2009 • Vol. No. 32 Issue No. 2 • - L&T Construction
Oct - Dec 2009 • Vol. No. 32 Issue No. 2 • - L&T Construction
Oct - Dec 2009 • Vol. No. 32 Issue No. 2 • - L&T Construction
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ECC Concord <strong>Oct</strong>-<strong>Dec</strong> 09 68<br />
NITIE honours Mr. A.M. Naik with<br />
Lakshya Business Visionary Award<br />
Mr. K. Venkataramanan (right) receiving the Lakshya Business Visionary Award on behalf of<br />
Mr. A.M. Naik from Dr. Narendra Jadhav in Mumbai on <strong>Oct</strong>ober 23, <strong>2009</strong><br />
In recognition of the extraordinary leadership and<br />
exemplary vision of Mr. A. M. Naik, Chairman &<br />
Managing Director, in transforming L&T into an<br />
engineering powerhouse, the Mumbai based<br />
National Institute of Industrial Engineering<br />
(NITIE), honoured him with its prestigious Lakshya<br />
Business Visionary Award.<br />
Mr. K. Venkataramanan,<br />
President (E&C Projects) and<br />
Member of the Board,<br />
received the award on<br />
behalf of Mr. Naik from<br />
Dr. Narendra Jadhav,<br />
M e m b e r , P l a n n i n g<br />
Commission, Govt. of India.<br />
Winners of the award in the<br />
past include: Mr. Ratan Tata,<br />
Mr. Rahul Bajaj, Mr. Azim<br />
Premji, Dr. V. Kurian,<br />
Mr. K.V. Kamath, and Mr.<br />
Nandan Nilekani.<br />
Mr. K. Venkataramanan<br />
received the Lakshya Business Visionary Award on<br />
behalf of Mr. Naik from Dr. Narendra Jadhav in<br />
Mumbai on <strong>Oct</strong>ober 23, <strong>2009</strong>.<br />
Set up in 1963 with the objective of fostering<br />
industrialisation in India, NITIE instituted the award<br />
to encourage and reward visionary leadership in<br />
Indian industry.<br />
L&T Bags Achievement Award from<br />
FinanceAsia ‘Best India Deal’ of <strong>2009</strong><br />
The successful $600 million QIP and Convertible Analysing the reasons for the issue’s success, the<br />
Bonds issue by L&T has been selected for an magazine’s jury lauded the astute pricing and the<br />
achievement award by FinanceAsia – the attractive packaging. The magazine said that the<br />
leading Hong Kong based publication for the “QIP received a number of orders from long-only<br />
investor and analyst community. The on-line investors who requested only equity, which enabled<br />
edition of the magazine which carried the the bookrunners to steer the allocation of shares<br />
announcement of the award, described the away from CB investors.” It was also mentioned that<br />
winning transactions as “the defining deals of the success of the L&T issue had triggered<br />
<strong>2009</strong>”. Only one transaction is selected in each immediate imitation by another corporate.<br />
country, and the L&T issue was cited as Established in 1996, FinanceAsia is Asia’s leading<br />
‘Best India Deal’. financial publishing company.