📋 Tender Overview
Larsen Toubro LT an Indian multinational engaged in EPC Projects Hi-Tech Manufacturing and Services has been named the Second Strongest Brand among the top 50 Global Engineering and Construction EC companies by Brand Finance the worlds leading brand valuation consultancy.LT has also been ranked the Third Fastest Growing Brand by the London-based consultancy in its Engineering Construction 50 2022 report. It is the only Indian company among the Most Valuable Global EC Firms. LT with its footprint across 50 countries has gained 44 in its Brand Value over last year.Commenting on this achievement an LT spokesperson said Brand is about so much more than just a name or a logo. Its about trust reputation value systems and credibility. We are honoured to be recognised as the Second Strongest Global Brand in the Engineering and Construction space by Brand Finance. This recognition is a testament to our teams commitment to excellence and our clients trust in our ability to deliver on our promises.We are excited to see what the future holds for our brand and our business. With continued growth and expansion into new markets and new sectors we are confident that we will continue to build on our strong foundation and solidify our position as a leading player in the global industry.LT achieved a significant improvement in its brand strength with its Brand Strength Index BSI increasing by 7.1 points to 83.9 out of 100 with a corresponding rating of AAA. Among the Most Valuable EC 50 2022 brands LT is the only Indian brand present there.Brand LT is known for providing technological impetus for key sectors such as infrastructure construction hydrocarbon heavy engineering and defence engineering. The companys reputation for delivering on difficult projects has earned LT a spot in the industrys elite. It has some of the largest longest and tallest construction projects around India and the world to its name - proof that the technology-driven EC brand can tackle any challenge with easeEvery year Brand Finance puts 5000 of the worlds biggest brands to the test and publishes around 100 reports ranking brands across all sectors and countries. The Engineering and Construction industrys top 50 most valuable and strongest brands in the world are included in the annual Brand Finance Engineering Construction 50 ranking.In its sixth consecutive study Brand Finance has covered 36 countries and 29 sectors with over 100000 respondents surveyed annually. The brand valuation consultancy defines Brand Value as the present value of earnings specifically related to brand reputation while Brand is described as a marketing-related intangible asset.Each brand is assigned a Brand Strength Index BSI score out of 100 by Brand Finance which feeds into the brand value calculation. Based on the score each brand is assigned a corresponding Brand Rating up to AAA in a format like a credit rating by the valuation consultancy.
