L&T acquires AIL

Larsen & Toubro, a technology, engineering, construction, manufacturing and financial services conglomerate, has completed of ownership transactions related to its Group Company – Audco India Limited (AIL). AIL is India’s leading manufacturer of industrial valves and a joint venture with Audco Limited, UK, a wholly owned subsidiary of Flowserve Corporation, USA.
It will retain the manufacturing plants at Manapakkam (Chennai) and Kanchipuram of AIL.
The acquisition is in line with L&T’s overall portfolio rationalization. The deal will help grow L&T’s Valve Business globally with a comprehensive range of valve offerings. Together L&T and AIL will provide cutting-edge flow-control solutions to global oil and gas and power sectors. AIL is a preferred manufacturer for critical valves including cryogenic, low-emission and large-size valves. AIL’s international customers include world-leaders in oil & gas and global EPC majors. The Company’s high-caliber design team has played a major role in its consistent growth over the years.
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