**Larsen & Toubro Promotes Subramanian Sarma to Deputy Managing Director and President**
Larsen & Toubro Ltd. (L&T) announced on March 21 that Subramanian Sarma has been elevated to the position of Deputy Managing Director and President, effective April 2, 2025. This promotion comes alongside an extension of his term until February 3, 2028. Sarma, who has been a full-time director and president at L&T, has played a crucial role in enhancing the company’s Hydrocarbon and Energy sectors.
### Key Highlights of Sarma’s Appointment
– **Who**: Subramanian Sarma, previously the full-time director and president of L&T.
– **What**: Promoted to Deputy Managing Director and President.
– **When**: Effective from April 2, 2025.
– **Where**: Larsen & Toubro Ltd.
– **Why**: Recognized for his significant contributions to the company’s growth and innovation.
### Subramanian Sarma’s Background
– **Education**: Holds a degree in Chemical Engineering and a Master’s from IIT Mumbai.
– **Experience**: Over 40 years in the industry, with 30 years at L&T, focusing on the Oil and Gas value chain in the Middle East.
– **Previous Role**: Managed a global EPC contractor in the Oil and Gas sector before joining L&T.
S.N. Subrahmanyan, Chairman & Managing Director of L&T, praised Sarma’s leadership, stating, “His elevation is well deserved, and I am confident that his leadership will further strengthen L&T’s growth trajectory.”
Sarma expressed his gratitude for the new role, emphasizing his commitment to contributing to L&T’s long-term vision and stakeholder value.
### L&T’s Stock Performance
Following the announcement, L&T shares rose by 2.03%, closing at ₹3,417.35. The company is also planning to raise funds through a debt issue, with a Board of Directors meeting scheduled for March 21, 2025.
**FAQ: What is Subramanian Sarma’s role at Larsen & Toubro?**
Subramanian Sarma has been promoted to Deputy Managing Director and President, effective April 2, 2025, after serving as the full-time director and president.
**Alt Text**: Subramanian Sarma, newly appointed Deputy Managing Director and President of Larsen & Toubro.
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