Exclusive Insights by Mr. Rajeev Jyoti, Advisor to CMD, Railway Business, Larsen & Toubro Ltd.

Summary

L&T Railways showcases its full-range rail system integration capabilities at the IR event, emphasizing its expertise in track, electrification, and signaling & telecom. The company highlights its involvement in both domestic and international projects, including metros and mainlines, and advocates for larger, integrated project packages to ensure quality and efficiency. L&T also discusses the potential for India's railway industry to export its competencies, focusing on the importance of quality, cost-effectiveness, and meeting international standards.

Takeaways

• 🚄 L&T has extensive experience in rail infrastructure projects, including metros and mainlines, both domestically and internationally.
• 🤝 L&T often participates in consortiums for projects, sometimes leading and sometimes partnering, leveraging their capabilities in various domains.
• 🌐 L&T Railways positions itself as a full-range rail system integrator, emphasizing its ability to handle projects from civil and track work to electrification and signaling & telecom.
• 🛤️ The company specializes in various types of track systems, including those for mainline, metro, semi-high speed, high-speed, and specific applications like blasted track and slab track.
• 🔌 L&T undertakes electrification projects for both mainline railways and metros, covering different voltage standards and electrification methods.
• 🚦 Signaling and telecom are integral to L&T's offerings, with systems sourced from KY OEMs and tailored application engineering to fit specific railway needs.
• 🏗️ L&T showcases its ability to execute integrated projects, such as 'track to train', where it handles everything from infrastructure to rolling stock, except for the trains themselves.
• 🌟 The company highlights showcasing new and marquee projects that are either within or outside Indian geography, emphasizing its international presence and capabilities.
• 📈 L&T advocates for larger and more integrated project packages to attract participation from larger companies and ensure effective system integration.
• 💡 The script suggests that the Indian railway industry should focus on exporting its competencies to markets that lack local manufacturing capabilities and are open to international partnerships.
• 🚀 L&T is recognized as a preferred partner in global railway projects, indicating a successful track record and the potential for other Indian companies to follow a similar path.

Q & A

What type of projects has L&T undertaken in Riyad and DOA Metro?

L&T has undertaken projects in Riyad Metro and DOA Metro as part of consortiums, sometimes leading and sometimes partnering, leveraging their capabilities in civil and track projects, electrification, and signaling and telecom.

What is the primary message of L&T Railways' showcase at the IR event?

The primary message is that L&T Railways is a full-range rail system integrator, specializing in three main domains: civil and track, electrification, and signaling and telecom, with an emphasis on system integration and project execution.

What are the different types of tracks mentioned in the script and for what purposes are they used?

The types of tracks mentioned are poor slab track for semi-high speed, J slab track for high-speed, plin track for metros, and blasted track for mainline, each serving different speed and operational requirements.

What is the significance of L&T's involvement in both domestic and international projects?

L&T's involvement signifies their capability to execute projects of global standards, which enhances their reputation as a preferred partner in the international market and allows them to leverage their expertise abroad.

How does L&T approach the integration of different railway systems?

L&T integrates different railway systems by combining civil with electrical, signaling, telecom, and rolling stock, emphasizing the need for strong engineering to ensure the system works effectively.

What is the advantage of structuring packages in larger ways for railway projects?

Larger packages attract participation from large companies like L&T, ensuring a higher level of expertise and financial credibility, and reduce the need for extensive interface management.

What is the EPC model mentioned in the script, and how has it impacted the electrification projects in India?

The EPC (Engineering, Procurement, and Construction) model has streamlined the electrification process in India, allowing for a significant increase in the distance of electrified railway lines in recent years.

How does L&T view the potential for exporting Indian railway competency?

L&T sees potential in exporting Indian competency, particularly in component and subsystem manufacturing, as well as engineering services, to countries without strong manufacturing capabilities or where Indian multinationals have a presence.

What challenges does the Indian railway industry face when considering exporting to global markets?

Challenges include meeting international quality standards, competition from established local industries, and the need for cost-effectiveness and specialized engineering capabilities.

What is the importance of having a global standard for projects executed by Indian companies?

Having global standards ensures that projects are of high quality and are acceptable internationally, leading to recognition and preferred partnership status in the global market.

How does L&T's experience in the Middle East, particularly in Riyadh and DOA Metro, reflect its capabilities?

L&T's successful projects in the Middle East demonstrate its ability to deliver complex railway projects, showcasing its expertise in consortium leadership and partnership, and its adaptability to international projects.